Vital Industry News
SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil Debswana Layoffs Spark Outcry as Botswana President Bypasses Union Lucapa Diamond Enters Voluntary Administration Amid Financial Struggles and Sale Plans Uganda Pushes First Oil to 2026 Amid Ongoing Delays and Growing Public Frustration South Africa Launches National Petroleum Company to Revive Energy Sector and Boost Self-Sufficiency AXIAN Energy Breaks Ground on West Africa’s Largest Solar-Storage Project in Senegal Egypt Inaugurates Largest Solar Power Plant to Advance Clean Energy Goals Dangote Refinery to Import Over 5 Million Barrels of U.S. Crude in July Amid Supply Gaps and Rising Investments Egypt Fast-Tracks Gas Output with Early Production from Raven Field Wells
SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil Debswana Layoffs Spark Outcry as Botswana President Bypasses Union Lucapa Diamond Enters Voluntary Administration Amid Financial Struggles and Sale Plans Uganda Pushes First Oil to 2026 Amid Ongoing Delays and Growing Public Frustration South Africa Launches National Petroleum Company to Revive Energy Sector and Boost Self-Sufficiency AXIAN Energy Breaks Ground on West Africa’s Largest Solar-Storage Project in Senegal Egypt Inaugurates Largest Solar Power Plant to Advance Clean Energy Goals Dangote Refinery to Import Over 5 Million Barrels of U.S. Crude in July Amid Supply Gaps and Rising Investments Egypt Fast-Tracks Gas Output with Early Production from Raven Field Wells
Corporate News Diamonds International

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

Local Energy News Oil

Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil

Corporate News Diamonds International

Debswana Layoffs Spark Outcry as Botswana President Bypasses Union

More Angolan Mining News

Corporate News Diamonds International

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

Anhui Congo Mining Investment Company (SACIM) has emerged as the dominant producer of industrial diamonds…
Local Energy News Oil

Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil

Angola’s Secretary of State for Energy, Arlindo Bota Manuel Carlos, has reaffirmed the country’s commitment…
Corporate News Diamonds International

Debswana Layoffs Spark Outcry as Botswana President Bypasses Union

Botswana President Duma Boko has announced the planned termination of over 1,000 workers at Debswana,…
Corporate News Diamonds Local

Lucapa Diamond Enters Voluntary Administration Amid Financial Struggles and Sale Plans

Lucapa Diamond Company has entered voluntary administration as it seeks to restructure its capital and…
International News Oil

Uganda Pushes First Oil to 2026 Amid Ongoing Delays and Growing Public Frustration

Uganda has once again delayed the start of oil production from the Albertine Graben, now…
International News Oil

South Africa Launches National Petroleum Company to Revive Energy Sector and Boost Self-Sufficiency

South Africa has officially launched the South African National Petroleum Company (SANPC), a new state-owned…
Local Corporate News Oil

SPIE Secures Five-Year Offshore Maintenance Contract with Sonangol in Angola

SPIE Global Services Energy has signed a five-year maintenance contract with Angola’s national oil company, Sonangol, for operations on Block 3/05, located offshore Angola. Effective from September 2024, the contract covers comprehensive maintenance services, including the upkeep of electrical and mechanical equipment, HVAC systems, turbomachinery, instrumentation, and automation systems. These services will be provided across the Cobo, Pacassa, and Palanca production platforms. Jerome M. Oliveira, Sub-Saharan Africa Business Unit Director at SPIE, highlighted that the

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International News Renewable Energy

Zambia Cuts Solar Project Approval Time to 48 Hours to Boost Clean Energy Investment

Zambia’s Ministry of Energy has announced a dramatic reduction in the approval time for solar project applications—from six months to just 48 hours—as part of efforts to attract private sector investment and accelerate renewable energy development. The fast-tracked process aims to support the government’s goal of adding 1,000 MW of solar power to the national grid by 2025. With hydropower currently dominating Zambia’s energy mix and severe droughts in 2024 significantly reducing output, the government

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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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