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…
International News Oil Petroleum

150,000 fuel retail outlets set to receive their fuel supply from Dangote

About 150,000 fuel stations run by the Independent Petroleum Marketers Association of Nigeria (IPMAN) have been sanctioned to receive fuel supplies from the newly built private Dangote refinery. This was disclosed after a meeting between the officials from the Dangote refinery and executives of IPMAN. Fuel cost after the supply still remains unknown as there has been no full disclosure on the subject. A report from the Punch Newspaper disclosed that executives from the Independent

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Economy Local News Oil

Oil closes the week down at $73.25

The prices of oil in the international market closed in decline again this Friday, reaching $73.25 per barrel, a decrease of 0.70 percent, falling 0.95 percent, despite having fluctuated near stability for part of the day. International experts point to the cause as the attacks by Houthi rebels in the Red Sea against cargo ships, the reaction of the United States, tensions with Iran, and the war between Israel and Hamas were not enough to

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Economy Energy Local Mining News

Rio Tinto Secures $5.7 Million Mining License Deal in Angola

Angola has officially granted a $5.7 million mining license to the multinational mining corporation Rio Tinto. The formalization of this agreement took place during a signing ceremony attended by key officials from both parties on Wednesday, January 17, in Luanda. The awarded license outlines Rio Tinto’s exploration focus on basic metals, including copper, cobalt, zinc, titanium, and aluminum. This exploration will be conducted within the expansive 9,887 km² Moxico Concession, located in Angola’s Moxico province.

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Local Economy News

Dubai Investments Enters Angola with Mixed-Use Development

UAE-based multi-asset investment group, Dubai Investments, has announced plans to develop an integrated residential,commercial and industrial hub in Angola. The project – Dubai Investments Park (DIP) – represents the company’s first in Africa and will be built on 2,000 hectares in the Dande Municipality in Bengo Province. “DIP Angola presents a prime prospect for investors seeking diversification and business expansion within a burgeoning economy that holds immense potential for large-scale industries, providing direct pathways to

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Local Gas News Oil Petroleum

Sonangol Launches International Fuel Supplier Competition for 2024-2025

Sonangol announced, in a statement, on Wednesday January 17th, that it had launched an international competition to select fuel suppliers to the country for the period from April 1, 2024 to March 31, 2025. In the document, the company declares that it has launched a limited tender, for which it invited 14 companies, of which some will be selected to conclude contracts to supply gasoline and diesel in the form of on-site delivery. Competitions of

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Economy Gas Local News Oil

Angola Signs 3 Cooperation Agreements with Tanzania

Under efforts to strengthen bilateral relations, Angola and Tanzania signed three Memoranda of Understanding (MoU) in Zanzibar on January 16. The agreements include a cooperation MoU related to the oil and gas industry; an MoU for the waiver of visas and passports for diplomatic and professional holders; and a cooperation document in the health sector. In addition to the agreements, the countries agreed to explore new avenues for collaboration in areas such as air travel

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Economy Local News

Private Sector Investments Hit $1.7B Over 5 Years

The Angolan economy has attracted $1.7 billion in investments from global private sector entities in the last five years, according to the country’s Private Investment and Export Promotion Agency (AIPEX). Chairman of the Board of Directors of AIPEX, Lello Francisco, disclosed that these investments have materialized into the realization of 211 projects, concentrated primarily in the productive sector encompassing manufacturing, agriculture and trade. The projects initiated as a result of the investments are expected to

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Oil International News Petroleum

Nigerian Consortium Secures Shell’s Onshore Oil Assets for $1.3 Billion

British Multinational oil and gas company shell, is set to divest the Shell Petroleum Development Company of Nigeria Limited (SPDC), which holds onshore oil assets in the Niger Delta region of Nigeria. The sale, valued at $1.3 billion, involves a consortium primarily composed of local energy entities including ND Western, Aradel Energy, First E&P, Waltersmith, and Petrolin. Additional payments of up to $1.1 billion are anticipated and the completion of the transaction is contingent upon

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Diamonds Economy Local News

ENDIAMA Reports $1.5 Billion Turnover for 2023 Amidst Market Pressures

The National Diamond Company of Angola (ENDIAMA) disclosed a 2023 turnover of $1.5 billion, attributable to the production of over nine million carats. The announcement came during a press conference in Luanda, where Ganga Júnior, the President of the Board of Directors, presented an overview of the year’s activities. Ganga Júnior acknowledged a decrease in profit, citing investments in prospecting projects, reinforced mining activity, and challenges in diamond sales on the international market. ENDIAMA’s net

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Diamonds Local News

Endiama presents balance sheet for the 2023 financial year

The National Diamond Company of Angola (Endiama) presented, on Wednesday January 17th in Luanda, at a press conference, the balance of actions for 2023 and the goals to be achieved in 2024. The chairman of the Board of Directors, José Ganga Júnior, presented data and disseminated information on Endiama’s evolution over the past year, as part of the celebrations of the diamond company’s 43rd anniversary, created on January 15, 1981. According to available data, Endiama raised, in

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