Vital Industry News
Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration Angola’s Oil Sector Drives Economic Growth Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law Luele Mining Aims for 6.7 Million Carats in 2025 Amid Strong Production Performance Lobito Corridor Investment Opportunities Presented in Huambo Ghana Resumes Crude Processing with First Angolan Oil Delivery to Sentuo Refinery Alrosa Unearths 468-Carat Diamond, the Largest Gem-Quality Rough in Russian History De Beers Launches First Diamond Auction in Botswana After Relocation from Singapore
Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration Angola’s Oil Sector Drives Economic Growth Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law Luele Mining Aims for 6.7 Million Carats in 2025 Amid Strong Production Performance Lobito Corridor Investment Opportunities Presented in Huambo Ghana Resumes Crude Processing with First Angolan Oil Delivery to Sentuo Refinery Alrosa Unearths 468-Carat Diamond, the Largest Gem-Quality Rough in Russian History De Beers Launches First Diamond Auction in Botswana After Relocation from Singapore
Transport and Logistics Local News

Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter

Local Transport and Logistics

Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership

Local Economy Transport and Logistics

UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration

More Angolan Mining News

Transport and Logistics Local News

Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter

Lobito Atlantic Railway (LAR) transported 50,235 tonnes of cargo between January and March 2025. Of…
Local Transport and Logistics

Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership

Angola’s Minister of Transport, Ricardo Viegas d’Abreu, on Monday, announced a series of restructurings across…
Local Economy Transport and Logistics

UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration

The United Kingdom’s Ambassador to Angola, Bharat Joshi, has described the Lobito Corridor as a…
Local Economy News Oil

Angola’s Oil Sector Drives Economic Growth

The oil sector has been one of the fastest-growing industries in Angola in recent years,…
Local News Oil

Angola–U.S. Chamber of Commerce Urges Reform of Oil Sector Foreign Exchange Law

The President of the Angola–United States Chamber of Commerce, Pedro Godinho, has called for an…
Corporate News Diamonds Economy Local

Luele Mining Aims for 6.7 Million Carats in 2025 Amid Strong Production Performance

The Director General of Luele Mining Company (SML), Rômulo Mucasse, announced in Saurimo that stable…
International Gas Oil

ReconAfrica Prepares to Drill Largest Oil and Gas Prospect in Namibia’s PEL 73

Reconnaissance Energy Africa Ltd (ReconAfrica) has announced it is on schedule to drill its largest oil and gas prospect to date—Prospect I—within Petroleum Exploration Licence 073 (PEL 73) in northeastern Namibia. The company confirmed that the well is expected to be spudded this quarter, targeting substantial prospective resources in both oil and natural gas. “We remain on track to spud the well this quarter and are looking forward to unlocking the significant potential of the

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International News Oil

Galp Adds 700 Million Barrels to Namibian Reserves Following Major Offshore Discoveries

Portuguese energy company Galp Energia has significantly boosted its oil reserves in Namibia’s offshore Orange Basin, adding approximately 700 million barrels of oil equivalent (boe) to its 3C contingent resources. This increase represents a 25% year-on-year rise, bringing the total to 2.79 billion boe. The updated resource estimates were independently verified by global consultancy DeGolyer and MacNaughton, based on data collected up to 30 November 2024. “3C contingent resources increased 25% year-on-year to 2,790 mboe,

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International Energy News

EU Companies Target N$430 Billion Investment in Namibia’s Green Hydrogen Sector

Approximately seven European companies have shown strong interest in investing in Namibia’s green hydrogen economy, with potential investments exceeding N$430 billion (€20 billion), according to Ana Beatriz Martins, the European Union (EU) Ambassador to Namibia. Speaking at the grand opening of the HyIron Oshivela plant near Arandis, Martins noted: “EU companies are leading investors, contributing to Namibia’s economic growth and creating job opportunities for the future.” Namibia’s growing appeal lies in its potential to help

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Diamonds Local News

Angola’s Diamond Sector Sees Mixed Results in 2024 Amid Market Turbulence and Luele Mine Boost

The launch of production at Angola’s Luele diamond mine in October 2023 played a crucial role in boosting revenues during the fourth quarter of the 2024 financial year. According to a report by the National Diamond Trading Company (Sodiam), the company conducted four production cycles from the Catoca and Luele projects during this period. The findings were presented at the 2025 Diamond Sector Outlook, where Sodiam highlighted that net results were influenced by an average

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Local News Transport and Logistics

EU Highlights Lobito Corridor’s Role in Boosting Trade and Youth Opportunities in Southern Africa

The Lobito Corridor can strengthen trade and investment opportunities for Angola, Zambia, and the Democratic Republic of Congo, said the European Union (EU) Ambassador to Angola, Rosário Bento Pais, on Thursday in Luanda. Speaking at the launch of four EU-funded youth entrepreneurship projects in Luanda, the ambassador emphasized that the corridor has the potential to drive economic diversification and create job opportunities for young people across Angola, Zambia, and the DRC. She noted that the

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Local Economy News Oil

Trump’s Potential Return Could Strengthen U.S.–Angola Energy Ties

The possible return of Donald Trump to the U.S. presidency could usher in a new phase of cooperation between the United States and Angola, particularly in the oil and gas sector. With Trump’s consistent support for fossil fuel development—captured in his familiar slogan “drill, baby, drill”—Angola, one of Africa’s top oil producers, may benefit from a foreign policy that places energy collaboration at its core. Angola’s hydrocarbon-rich deepwater basins have long drawn international investment. American

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Local Governance News Oil

Tanzania and Angola Deepen Energy Ties with President Hassan’s Visit to Luanda Refinery

Tanzania’s President Samia Suluhu Hassan paid an official visit to Angola’s Luanda Refinery in April 2025, highlighting growing cooperation between the two nations, particularly in the energy sector. Hosted by Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, the tour offered President Hassan a firsthand look at the refinery’s operations, including its refining processes, modern technologies, and ongoing expansion efforts. The visit also featured high-level discussions focused on knowledge exchange, investment opportunities, and

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Corporate News Local Oil

Sonangol  Seeks $4.8 Billion to Revive Lobito Refinery and Cut Fuel Imports

Angola’s state oil company, Sonangol, is in advanced talks with Chinese and European banks to secure $4.8 billion in funding needed to complete its long-delayed Lobito refinery project. The facility, once operational, will have the capacity to process 200,000 barrels of crude oil per day, significantly reducing the country’s dependence on imported refined fuel. Despite being Sub-Saharan Africa’s second-largest crude oil exporter, Angola imports nearly 80% of its refined petroleum products. The Lobito refinery is

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Transport and Logistics Local News

AD Ports Group Awards Contracts for $250M Luanda Port Modernization

AD Ports Group has awarded contracts to Mar Construction Civil & Obras Publicas and Dar Al-Handasah Consultants Shair & Partners for the modernization of the Noatum Ports Luanda Terminal in Angola. Mar Construction will be responsible for designing and building both the topside and marine infrastructure, while Dar Al-Handasah will manage the project and oversee construction supervision. Launched on January 30, 2025, the upgrade aims to transform the terminal into a state-of-the-art facility handling general

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Corporate News Diamonds Local

Lucapa Reports 9% Increase in Lulo Diamond Resource for Seventh Consecutive Year

ASX-listed Lucapa Diamond Company has announced a 9% increase in the Joint Ore Reserve Committee (JORC)-compliant inferred alluvial diamond resource at its Lulo concession in Angola, adding 249,000 carats to the total. This marks the seventh consecutive year of resource growth at the Lulo project, reinforcing its long-term production potential. Additionally, the total diluted gravel volume available for mining has risen by 15% to 5.8 million cubic metres, supporting a production horizon of at least

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