Angola Eyes Extension of Lobito Corridor to Tanzania to Boost Regional Trade

Angola Plans Lobito Corridor Expansion to Dar es Salaam to Strengthen Africa Trade Routes and Supply Chains Angola is considering extending the Lobito Corridor to Dar es Salaam in Tanzania, a move aimed at strengthening regional integration and creating a more efficient trade route linking the Atlantic and Indian Ocean coasts. Speaking at the “Radar Africa – The Paths of Angola” conference in Lisbon, Minister of State for Economic Coordination José de Lima Massano said

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Namibia Courts Chinese Investment to Accelerate Green Hydrogen and Renewable Energy Growth

Namibia Seeks Chinese Investment in Green Hydrogen, Renewable Energy and Mineral Beneficiation Drive Namibia is stepping up efforts to attract Chinese investment into its growing green hydrogen and renewable energy sector, positioning its abundant solar and wind resources as a foundation for future industrial development. During an official visit to China, Minister of International Relations and Trade Selma Ashipala-Musavyi emphasised that a stable and diversified energy mix will be essential for long-term economic growth. She

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Burgundy Diamond Unit Seeks Insolvency Protection as Market Pressures Mount

Burgundy Diamond Subsidiary Arctic Canadian Files for Insolvency Protection Amid Weak Diamond Demand and Rising Costs ASX-listed Burgundy Diamond Mines has announced that its subsidiary, Arctic Canadian Diamond Company, has filed for insolvency protection under Canada’s Companies’ Creditors Arrangement Act (CCAA) in British Columbia. The Supreme Court of British Columbia has granted the application, allowing Arctic to begin a court-supervised restructuring process. The company will now engage with lenders, creditors, and other stakeholders to explore

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Sintana Energy Advances Namibia Offshore Strategy as Mopane Resources Grow and New Deals Emerge

Sintana Energy Boosts Namibia Offshore Portfolio as Mopane Resources Hit 1.38bn BOE and TotalEnergies Expands Role Sintana Energy Inc. says its Namibian offshore portfolio has entered a pivotal phase, driven by significant resource growth at the Mopane discoveries, TotalEnergies’ entry into Petroleum Exploration Licence (PEL) 83, and new efforts to expand into additional acreage. In a shareholder update, the company described 2025 as a defining year that reinforced Namibia’s status as a leading frontier oil

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Egypt Raises Natural Gas Prices for Industry as It Accelerates Subsidy Cuts and IMF-Led Energy Reforms

Egypt Increases Industrial Natural Gas Prices to Cut Subsidies Amid Rising Import Costs and IMF Reform Pressure Egypt has raised natural gas prices for key industrial sectors as part of a broader effort to reduce energy subsidies and address mounting fiscal pressure caused by higher import costs and declining domestic gas production. A government decree published on Sunday confirmed that the new pricing structure took effect in May. The adjustments primarily target energy-intensive industries, including

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Nigeria–Morocco Gas Pipeline Gains Momentum as Europe Seeks New Energy Routes

Nigeria–Morocco Gas Pipeline: Europe Eyes West African Gas as Alternative Energy Corridor by 2031 Nigeria-led gas exports to Europe are drawing renewed attention as the Nigeria–Morocco Gas Pipeline project gathers momentum. The ambitious initiative is positioning itself as a potential energy corridor linking West Africa to European markets by 2031. Anchored on Nigeria’s vast natural gas reserves, the proposed pipeline is expected to traverse 13 countries along the Atlantic coast. Emerging gas producers such as

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UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

UAE OPEC Exit Sparks Supply Uncertainty as Global Oil Market Faces Demand Weakness and Rising Output Global oil markets are facing renewed uncertainty following the Organization of the Petroleum Exporting Countries exit announcement by the United Arab Emirates, a move that comes at a time of fragile supply conditions and weakening demand growth. Abu Dhabi confirmed on April 28, 2026, that it will leave OPEC effective May 1, citing the need for greater flexibility to

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Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

Sudan Relies on Gold Revenues as War Enters Fourth Year, Smuggling and Investor Shifts Reshape Sector Sudan’s gold industry is emerging as the government’s primary source of revenue as the country’s civil war enters its fourth year. Strong performance from artisanal mining and renewed efforts to attract foreign investment are reshaping the sector’s role in the national economy. The Sudanese Mineral Resources Company (SMRC) reported that revenues from artisanal mining reached 113% of first-quarter targets

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Dangote Backs New East African Refinery Project in Tanzania

Dangote to Lead Tanzania Refinery Project as East Africa Pushes to Cut Fuel Imports Aliko Dangote has pledged to support the development of a new oil refinery in Tanzania, as African leaders intensify efforts to reduce dependence on fuel imports from the Middle East amid ongoing geopolitical tensions. According to William Ruto, the proposed refinery will be built in the port city of Tanga and connected to Mombasa via a regional pipeline network. The facility

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Libya Partners with Chevron to Assess Shale Oil and Gas Potential

Libya’s NOC and Chevron Sign Deal to Study 123 Tcf Gas and 18 Billion Barrels of Shale Resources National Oil Corporation (NOC) has signed a memorandum of understanding with Chevron to conduct a joint study on shale oil and gas potential across several of Libya’s sedimentary basins. According to an official statement, the collaboration will focus on evaluating unconventional hydrocarbon resources and identifying opportunities for future development. Preliminary estimates suggest that Libya’s basins may contain

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