DRC Launches New Diamond Company to Strengthen Local Processing and Exports

DRC Approves ADEX RDC SA Joint Venture to Boost Diamond Processing and Local Value Addition The Democratic Republic of Congo (DRC) has approved the creation of ADEX RDC SA, a new joint venture aimed at modernizing and strengthening the country’s diamond sector through increased local value addition. The decision was taken during the 91st ordinary meeting of the Council of Ministers held on Friday, May 29, 2026, in Kinshasa. The proposal was presented by the

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Lobito Atlantic Railway Expands Mineral Logistics with Major Manganese Shipment

14,000-Ton Manganese Delivery Highlights Growth of Lobito Atlantic Railway Operations Lobito Atlantic Railway (LAR) has successfully received and handled a shipment of approximately 14,000 tons of manganese at the Port of Lobito Mining Terminal, marking a significant step in strengthening its regional logistics and mineral transportation capabilities. The operation required close coordination between multiple operational teams and logistics partners to ensure safe, efficient, and well-controlled unloading and handling processes. According to the company, strict safety

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Akinwumi Adesina to Lead Botswana’s Diamonds for Development Fund

Botswana and De Beers Name Akinwumi Adesina Chair of Diamonds for Development Fund The Government of Botswana and De Beers Group have appointed Dr. Akinwumi Adesina, former President of the African Development Bank (AfDB), as Chairperson of the Diamonds for Development Fund (DDF), a landmark initiative aimed at transforming Botswana’s diamond wealth into long-term economic and social benefits. Dr. Adesina, a globally respected development economist with nearly four decades of experience, served as the eighth

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Angola Set to Open First Gold Refinery in Major Push for Mineral Processing

Angola to Launch First Gold Refinery by End of 2025 as Government Expands Mineral Value Addition Strategy Angola is expected to inaugurate its first gold refinery before the end of the year, marking a significant milestone in the country’s efforts to increase local mineral processing and create greater value from its natural resources. The announcement was made by Minister of Mineral Resources, Petroleum and Gas Diamantino Azevedo during the opening of the Angola Oil, Gas

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Angola Nears Renewable Energy Target as Clean Sources Supply 70% of National Electricity Demand

Renewable Energy Powers 70% of Angola’s Electricity Consumption, Government Says Renewable energy sources currently account for approximately 70 percent of Angola’s electricity consumption, with hydropower contributing more than 60 percent of the country’s energy mix, Minister of State for Economic Coordination José de Lima Massano announced on Thursday in Luanda. Massano made the remarks during the opening session of the 2nd International Conference on Energy and Water, which runs until Friday in the Angolan capital.

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Angola and DRC Strengthen Energy Partnership Through Major Cross-Border Power Project

Angola and DRC Plan 1,450km Power Transmission Network to Deliver Over 2,000MW of Electricity Angola and the Democratic Republic of Congo (DRC) are set to deepen their energy cooperation through the development of two major electricity transmission lines spanning more than 1,400 kilometers, according to DRC Minister of Water Resources and Electricity, Teddy Molendo Sakombi. Speaking in Luanda on Thursday after meeting Angolan President João Lourenço, Sakombi revealed plans for two cross-border power transmission projects.

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Africa’s Solar Boom Drives 83% Surge in Chinese Panel Imports Amid Worsening Power Shortages

African Demand for Chinese Solar Equipment Surges 83% as Energy Crisis Accelerates Renewable Transition Africa’s deepening electricity shortages and rising energy costs are fueling a sharp increase in demand for Chinese solar equipment, further consolidating China’s dominance in the global renewable energy supply chain. New customs data released by China shows that exports of solar cells and panels to African countries rose 83% year-on-year in April, reaching 123,787 metric tonnes, up from 67,552 tonnes during

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BP to Invest $5 Billion in Angola’s Oil Sector Through Major Peace Project Expansion

BP Plans $5 Billion Investment to Boost Oil Production in Angola Through Peace Project British energy giant BP is planning to invest approximately US$5 billion in Angola’s oil sector through the development of the “Peace Project,” a major initiative expected to increase the country’s oil production capacity. The planned investment was one of the key topics discussed during a meeting between Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and BP executives at

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Angola and Algeria Deepen Cooperation in Oil, Gas and Mineral Resources

Angola and Algeria Strengthen Energy and Mining Cooperation Following João Lourenço’s State Visit Angola and Algeria are advancing bilateral cooperation in the oil, gas and mineral resources sectors following high-level discussions between Angola’s Minister of Mineral Resources, Petroleum and Gas, Diamantino Azevedo, and Algerian Ambassador to Angola, Mounir Bourouba. The meeting, held on Monday at Angola’s Ministry of Mineral Resources, Petroleum and Gas (MIREMPET), focused on the implementation of agreements signed during President João Lourenço’s

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Angola Inaugurates Luau Solar Park to Power Rural Communities and Strengthen Lobito Corridor

Angola Launches Luau Solar Park to Electrify 20,000 Homes and Boost Lobito Corridor Development The Angolan government has described the newly inaugurated Luau Photovoltaic Solar Park as a strategic infrastructure project that will strengthen the Lobito Corridor while advancing rural electrification, sustainable development and economic inclusion. The solar park, inaugurated on Monday by President João Lourenço in Luau municipality, Moxico Leste Province, forms part of Angola’s broader effort to expand access to clean energy and

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