Pensana Secures $25M Boost to Advance Longonjo Rare Earths Project
Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation
De Beers’ Secret Discounts Fuel Discontent Amid Diamond Market Turmoil
Ethiopia Secures $1.75 Billion in Chinese Investments to Boost Renewable Energy and Mineral Development
U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor
DRC to Overhaul Petroleum Code in Bid to Attract Global Investors
Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter
Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership
UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration
Angola’s Oil Sector Drives Economic Growth
Pensana Secures $25M Boost to Advance Longonjo Rare Earths Project
Angola and DRC Deepen Strategic Ties Through Oil and Infrastructure Cooperation
De Beers’ Secret Discounts Fuel Discontent Amid Diamond Market Turmoil
Ethiopia Secures $1.75 Billion in Chinese Investments to Boost Renewable Energy and Mineral Development
U.S. Commits $6 Billion to Boost Southern Africa’s Lobito Corridor
DRC to Overhaul Petroleum Code in Bid to Attract Global Investors
Lobito Atlantic Railway Transports Over 50,000 Tonnes of Cargo in First Quarter
Angola’s Transport Minister Restructures Key Sector Bodies and Appoints New Leadership
UK Ambassador Praises Lobito Corridor as a Catalyst for Angola’s Economic and Regional Integration
Angola’s Oil Sector Drives Economic Growth
The 25 percent of the share capital held by Sonangol in Banco Caixa Geral Angola (BCGA) is up for auction, with the public offering period for the sale of shares runs from 5 to 16 September, on the Angola Debt and Securities Exchange (BODIVA) , whose supervision is being carried out by the Capital Markets Commission. To that end, Banco Caixa Geral Angola and the Instituto de Gestão e Participações do Estado (IGAPE) made official
The price of a barrel of Brent oil, which serves as a reference for Angolan exports, for delivery in November ended this Tuesday on the London futures market down 3.04%, to US$92.83. Fears of a decrease in demand for oil, following a global economic slowdown, weighed on Brent trading. This scenario offset the upward momentum registered on Monday and motivated by the decision of the Organization of Petroleum Producing Countries (OPEC), led by Saudi Arabia
The Australian company Lucapa Diamond Company announced this Monday that it had discovered a 160-carat diamond in the same block from which it extracted the “Rosa do Lulo”, the 170-carat diamond discovered at the time in early August, having been considered the largest of this hue, found in 300 years. The new diamond, white, with superior quality of type IIa, is the 28th with more than 100 carats to be extracted from the Lulo Mine
The shareholder structure of Banco Caixa Angola will, from today until next Monday, admit new members, with the opening of the process of dispersing the 25 percent held by Sonangol on the stock exchange. According to data obtained by Jornal de Angola, the state-owned company leaves the bank’s shareholder role following the Privatization Program (PROPRIV), conducted by the Government, through the Institute for the Management of State Assets and Participations (IGAPE). Banco Caixa Angola’s Initial
A diamond over 150 carats was discovered in Lucapa, in the province of Lunda Norte, announced today the Lucapa Diamond Company, advances Agência Lusa. In the same block where the “Rosa do Lulo” was recently mined, with 170 carats, this becomes the sixth largest found in the mine in Capenda, Camulemba. According to the same source, the new diamond is white, with superior quality of the Ila type and is the 28th with more than
Sonangol, a company that operates along the oil value chain, managed, last year, to maximize the gains resulting from the increase in the prices of crude oil and derivatives observed with the recovery from the effects of the Covid-19 pandemic, thanks to the adoption of a cost reduction policy, especially at the height of the Covid-19 pandemic, in 2020 and 2021. This statement was made by Sonangol EP’s Director of Planning, Edson Pongolola, in an
Gazprom, Russia’s state-owned energy company, announced on Friday the complete stoppage of supplies through the Nord Stream 1 pipeline, due to an oil leak in the Trent 60 gas compressor at Portovaya station. Nord Stream 1, which links Russia to Germany, had already had its supply suspended since Thursday, due to alleged maintenance, but now, Gazprom has cut it and does not advance any forecast for the restoration of gas supply by Nord Stream 1.
Brent, the reference oil for Angolan exports, fell by more than 5 percent this Tuesday, penalized by a new confinement in China and by growing fears of a global recession. At 3 pm, a barrel of North Sea Brent for delivery in October was down 5.05 percent to $99.78 and a barrel of North American WTI oil, for delivery in the same month, lost 4.84 percent to 92.31 dollars. On the supply side, concerns appear
The price of a barrel of Brent oil, which is used for Angolan exports, for delivery in October ended, this Tuesday, in the London futures market, down 5.49%, returning to a level below 100 dollars. This was the biggest drop in the price of Brent in the space of a month, after the sharp rise this Monday. For analysts, the price of oil has dropped because there is a perception that the unrest in Iraq
Report by the International Agency, Global WF, gives a positive note on the good management of funds from the national oil sector for the country’s economic development The Fundo Soberano e Desenvolvimento de Angola (FSDEA) scored 80 percent in the 2022 International Ranking on Governance, Sustainability and Resilience (GSR), above the index average of 49 percent, placing the fund among the top 15 , in an index composed of more than 160 sovereign wealth funds
