Vital Industry News
Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions Global Oil Prices Surge Amid Rising Tensions in the Middle East Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

More Angolan Mining News

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Gold International

Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions

Ghana’s GoldBod Plans Backup Export Routes as Dubai Flight Disruptions Threaten Artisanal Gold Trade Ghana’s…
International News Oil

Egypt Announces New Gulf of Suez Oil Discovery, Adding 3,000 Barrels per Day

Egypt’s Gulf of Suez Oil Discovery to Boost Crude Production by 3,000 BPD Egypt, North Africa’s third-largest oil producer, has announced a new offshore oil discovery in the Gulf of Suez, expected to add around 3,000 barrels per day (bpd) to the country’s crude oil production. The well, named Northeast Ramadan Crystal (NER-1X), is located in the North-East Ramadan Concession and was drilled by the Gulf of Suez Petroleum Company (GUPCO), a joint venture between

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Local Infrastructure Transport and Logistics

Luau and Luacano Connected by Road for the First Time After EN-250 Paving

Angola Completes First 100 km of EN-250, Linking Luau and Luacano Along the Lobito Corridor Luacano – The municipalities of Luau and Luacano, located in Angola’s newly established Moxico Leste province, are now connected by road for the first time following the completion of nearly 100 kilometers of asphalt on National Road (EN) 250. EN 250 forms part of the strategic Lobito Corridor, linking the provinces of Moxico Leste, Moxico, Bié, Huambo and Benguela. The

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Corporate News Diamonds International

Botswana Moves to Take Full Control of De Beers

Botswana to Acquire Anglo American’s Entire 85% Stake in De Beers, Plans to Share Ownership with Partners President Duma Boko has announced that Botswana intends to purchase Anglo American’s entire 85% shareholding in De Beers Group, a move he says will position the country as a global leader in the diamond industry. Addressing Parliament this afternoon, President Boko explained that Botswana has developed a strong business case for taking full ownership of De Beers. “We

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Local Transport and Logistics

EU Hails Lobito Corridor as Key Global Gateway Project

EU Praises Lobito Corridor as Flagship Global Gateway Initiative During First Certified Avocado Export Ceremony The European Union (EU) Ambassador to Angola, Rosario Bento Pais, has described the Lobito Corridor as one of the flagship initiatives of the EU’s Global Gateway strategy in Africa and a leading example of shared investment priorities. Speaking at the Port of Lobito during a ceremony marking the export of the first shipment of certified Angolan avocados to Rotterdam in

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Local Economy News

IMF Managing Director Commends Angola’s Reform Progress During First Official Visit

IMF Chief Praises Angola’s Economic Reforms and Urges Continued Structural Transformation International Monetary Fund (IMF) Managing Director Kristalina Georgieva has concluded her first three-day visit to Angola, where she praised the government’s ongoing efforts to reform the economy and reduce its dependence on oil since 2017. Georgieva noted that Angola’s reform momentum has delivered clear progress, but stressed that continued action is essential as the global economy undergoes rapid change. “Angola must move forward with

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Economy

EU Backs Africa’s Economic Integration Drive

EU’s Ursula von der Leyen Says African Economic Integration Could Generate Over USD 450 Billion The President of the European Commission, Ursula von der Leyen, said today in Luanda that full African economic integration could generate more than USD 450 billion in additional income for the continent. Speaking at the opening session of the African Union–European Union Business Forum 2025, von der Leyen explained that this integration will advance through the African Continental Free Trade

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Diamonds News

Kimberley Process Participants Reach Consensus on Key Reforms in UAE

Global Diamond Industry Agreed to Reform Kimberley Process and Redefine Conflict Diamonds Diamond-producing countries, industry representatives, and civil society agreed on Monday in the United Arab Emirates to reform the Kimberley Process (KP) and to redefine the concept of conflict diamonds in order to address current global challenges. The decision was taken during the ministerial plenary meeting on the Kimberley Process, held from 17 to 21 November. According to a note accessed by ANGOP on

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Local News Transport and Logistics

World Bank Announces Major Funding Package to Support Growth Along the Lobito Corridor

World Bank Commits USD 600 Million to Boost Economic Diversification and Urban Development Along Lobito Corridor Luanda — The World Bank will mobilize USD 600 million to support economic diversification, urban development, and housing initiatives along the Lobito Corridor, the institution’s representative, Roland Yameogo, announced on Tuesday in Luanda. Speaking on the second day of the 7th African Union–European Union Summit, Yameogo explained that the funding will be split evenly: USD 300 million for economic

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Mining Local News

Minister Diamantino Azevedo Urges Acceleration of Mining Rights Processes

Angola Pushes for Faster Mining Rights Approvals to Boost Sector Efficiency The Minister of Mineral Resources, Petroleum and Gas, Diamantino de Azevedo, on Wednesday called for greater speed in granting mining rights, emphasizing that the sector has the capacity to significantly reduce current processing timelines. Speaking at the swearing-in ceremony for the reappointed Board of Directors of the National Agency for Mineral Resources (ANRM), the minister stressed that improved performance is expected, particularly in shortening

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Local Mining Projects News

Lead Mining Project Boosts Economic Prospects in Serra da Kanda

New Lead Mining Plant Begins Trial Operations in Serra da Kanda, Producing 500 Tons Daily A lead mining plant capable of producing 500 tons of lead per day has been operating on an experimental basis since the second half of this year in the Serra da Kanda municipality, Zaire province. According to Ana Matondo, the communal administrator of the newly established mountainous municipality, the plant is the result of private Chinese investment that began its

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