Vital Industry News
DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum France Intensifies Push into Namibia’s Oil Sector as TotalEnergies Targets Major Offshore Projects Zambia Secures $1.5 Billion China Deal to Add 900 MW Power Capacity and Strengthen Energy Security Dangote Plans Major East Africa Refinery Expansion as African Leaders Push for Industrial Self-Sufficiency DRC Pushes for Energy Transformation as It Showcases Massive Hydropower Potential at African Energy Forum
Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

More Angolan Mining News

Gold Economy International

DRC Signs Gold Supply Deal with UAE Firm to Expand Access to Global Bullion Markets

DR Congo Partners with UAE-Based Paradigm Holdings to Boost Gold Exports Through Dubai Trading Hub…
Corporate News International Oil

Dangote Plans Major Refinery Expansion to Boost Capacity and Create Thousands of Jobs

Aliko Dangote Targets 1.4 Million Barrels Per Day Capacity Expansion at Dangote Refinery, Creating Up…
International News Oil Petroleum

South Africa Turns to US Fuel Imports as Middle East Supply Risks Reshape Energy Trade

South Africa Boosts US Fuel Imports Amid Strait of Hormuz Tensions and Rising Global Shipping…
International Energy Gas News

Senegal Takes Full Control of Yakaar-Teranga Gas Project After Kosmos Energy Withdrawal

Senegal Transfers Yakaar-Teranga Gas Project to State Firm PETROSEN as Kosmos Energy Exits Major Offshore…
International Corporate News Oil

Rhino Resources Advances Capricornus Oil Discovery Appraisal Offshore Namibia

Rhino Resources Launches Capricornus-1A Appraisal Well to Assess Light Oil Discovery in Namibia’s Orange Basin…
Corporate News Gas International Oil

TotalEnergies Expands Local Supplier Spending as Namibia’s Oil and Gas Sector Gains Momentum

TotalEnergies Invests $141 Million in Namibian Suppliers to Boost Local Participation in Offshore Oil and…
Local News Oil

New Oil Discovery in Angola’s Block 15/06 Strengthens Lower Congo Basin Prospects

Angola Announces 500 Million Barrel Oil Discovery at Algaita-01 Well in Block 15/06 Angola’s National Agency of Petroleum, Gas and Biofuels (ANPG) has announced a new oil discovery at the Algaita-01 exploration well in Block 15/06, located in the Lower Congo Basin offshore Angola. Preliminary estimates indicate recoverable resources of approximately 500 million barrels. According to ANPG, drilling operations began on January 10 in water depths of 667 meters, approximately 18 kilometers from the FPSO

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International Corporate News Gas Oil

Petrosen to Invest $100m in Onshore Oil and Gas Exploration Drive

Senegal’s Petrosen Launches $100 Million Onshore Oil and Gas Exploration Campaign After Licence Revocations Petrosen, Senegal’s state-owned oil company, will invest at least $100 million this year to accelerate onshore oil and gas exploration, targeting new crude discoveries in underdeveloped inland basins. The programme follows regulatory reforms and the revocation of licences from operators that failed to advance seismic surveys or drilling activities. The government has signalled a tougher stance on inactive acreage as it

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International Corporate News Oil

Dangote Refinery Reaches Full 650,000 bpd Capacity, Begins Global Performance Validation

Dangote Refinery Hits Full 650,000 bpd Capacity, Launches 72-Hour Test Run with UOP The Dangote Refinery has reached its full operational capacity of 650,000 barrels per day (bpd), marking a significant milestone for the world’s largest single-train refinery. The company said the achievement follows the successful restoration and optimisation of its Crude Distillation Unit (CDU) and Motor Spirit (MS) production block. A 72-hour intensive performance test, to be conducted in collaboration with technology licensor UOP,

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International Economy Gold

Ghana Hits Record 6 Million Ounces of Gold in 2025 Amid Royalty Reform Debate

Ghana Gold Output Reaches Record 6 Million Ounces in 2025 as Royalty Overhaul Raises Industry Concerns Ghana produced a record six million ounces of gold in 2025, according to provisional industry data, cementing its position as Africa’s top gold producer. Figures released by the Ghana Chamber of Mines show that large-scale mining operations delivered 2.9 million ounces, unchanged from the previous year. The bulk of growth came from artisanal and small scale mining (ASM), which

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Diamonds Local News

Namibia Signs Luanda Accord as Global Diamond Bodies Join Natural Diamond Council

Namibia Joins Luanda Accord; India’s GJEPC and Dubai’s DMCC to Become Natural Diamond Council Members Namibia has formally signed the Luanda Accord, becoming the latest government to commit funding to support global marketing of natural diamonds through the Natural Diamond Council (NDC). The announcement was made during the second high-level meeting of the Luanda Accord, held at the 2026 Investing in African Mining Indaba in Cape Town. Established in June 2025, the accord seeks to

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International Corporate News Oil

Namibia Questions Petrobras–TotalEnergies Offshore Deal Over Lack of Govt Approval

Namibia Raises Legal Concerns Over Petrobras and TotalEnergies Stake Acquisition in Offshore Oil BlockNamibia’s government has raised concerns over a planned acquisition by TotalEnergies and Brazil’s state-owned oil company Petrobras of stakes in an offshore exploration licence, saying it was not formally notified of the transaction as required by law. In a statement issued on Sunday, the Ministry of Industries, Mines and Energy said it had not been informed in advance of the deal and

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Corporate News Diamonds Local

Angola Eyes Strategic Minority Stake in De Beers as African Producers Seek Greater Control

Angola Targets 20–30% Stake in De Beers Amid Push for African Coordination in Diamond Industry Angola is seeking to acquire a 20% to 30% stake in De Beers, the global diamond powerhouse currently owned by UK-based mining group Anglo American, as African diamond-producing nations explore a coordinated strategy to gain greater influence over the industry’s most valuable assets. The move comes as Anglo American prepares to divest De Beers, amid weakening diamond prices and intensifying

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Diamonds Economy Local News

Angola Targets 17 Million Carats as Endiama Scales Diamond Production

Angola’s Endiama Plans to Boost Diamond Output to 17 Million Carats by 2027 Angola’s state-owned diamond producer, Endiama, plans to increase annual production to 17 million carats by 2027, building on a record-breaking performance that has reinforced the country’s position in the global diamond industry. According to a government publication distributed at the 2025 Africa Mining Indaba in Cape Town, Endiama produced 14 million carats of rough diamonds in 2024—the highest output in the company’s

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Corporate News Diamonds International

Letšeng Diamond Mine Reports 36% Revenue Drop in 2025

Letšeng Mine in Lesotho Sees Sharp Revenue Decline Amid Global Diamond Market Challenges The Letšeng diamond mine in Lesotho, known for producing some of the world’s highest-value diamonds per carat, experienced a significant revenue decline in 2025. Gem Diamonds, the mine’s owner, reported on February 4, 2026, that Letšeng generated $97.7 million, down 36% from $152.8 million in 2024. The drop is attributed to a 14% fall in production and a 20% decrease in the

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Transport and Logistics Local News

World Bank Leads High-Level Coordination on Lobito Corridor in Angola

World Bank Boosts Regional Cooperation for Lobito Corridor to Drive Trade and Growth World Bank Managing Director of Operations, Anna Bjerde, is in Angola from February 4–6, 2026, for the first high-level coordination meeting focused on the Lobito Corridor. The meeting brings together finance, transport, and trade ministers from Angola, the Democratic Republic of Congo (DRC), and Zambia to strengthen regional collaboration on this strategic infrastructure linking southern and central Africa to international markets. The

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