Vital Industry News
Alrosa Swings to $110 Million H1 Loss Amid Weak Diamond Market Dangote Refinery Faces Rising Petrol Imports as 43% of Nigeria’s July Supply Comes From Abroad Kamoa-Kakula Switches On 233MW Solar-Battery System for 24/7 Power DRC President Reassures on $1.26 Billion Dilolo-Sakania Railway Concession Central African Republic Inaugurates 50 MW Sakaï Solar-Storage Plant Geoex MCG Expands Offshore Venezuela Seismic Programme into Frontier Areas Chevron Signs Production-Sharing Agreement for Libya’s Sirte Basin Block Angola Advances First Gold Refinery Towards End-2026 Launch Angola Secures €665 Million Financing for Luena-Saurimo Railway Project Dangote Refinery Secures $1 Billion Backing Ahead of Planned IPO
International Corporate News Diamonds

Alrosa Swings to $110 Million H1 Loss Amid Weak Diamond Market

International Corporate News Oil

Dangote Refinery Faces Rising Petrol Imports as 43% of Nigeria’s July Supply Comes From Abroad

International Renewable Energy

Kamoa-Kakula Switches On 233MW Solar-Battery System for 24/7 Power

More Angolan Mining News

International Corporate News Diamonds

Alrosa Swings to $110 Million H1 Loss Amid Weak Diamond Market

Alrosa Swings to $110 Million H1 Loss as Weak Diamond Market and Strong Rouble Hit…
International Corporate News Oil

Dangote Refinery Faces Rising Petrol Imports as 43% of Nigeria’s July Supply Comes From Abroad

Nigeria’s Petrol Imports Surge to 43% of Supply, Pushing Dangote Refinery to Export Surplus Fuel…
International Renewable Energy

Kamoa-Kakula Switches On 233MW Solar-Battery System for 24/7 Power

DRC’s Kamoa-Kakula Begins 24/7 Solar Power From 233MW Renewable Energy System The Kamoa-Kakula Copper Complex…
International News Transport and Logistics

DRC President Reassures on $1.26 Billion Dilolo-Sakania Railway Concession

DRC Secures $1.26bn Railway Investment as Tshisekedi Clarifies Dilolo-Sakania Concession DRC President Félix Tshisekedi has…
International News Renewable Energy

Central African Republic Inaugurates 50 MW Sakaï Solar-Storage Plant

Central African Republic Inaugurates 50 MW Solar Plant with Battery Storage to Boost Electricity Supply…
International Corporate News Oil

Geoex MCG Expands Offshore Venezuela Seismic Programme into Frontier Areas

Geoex MCG Expands Venezuela Offshore Seismic Programme into Frontier Oil and Gas Areas Global subsurface…
International Corporate News Oil

Norwegian Energy Company Joins Chevron in Namibia’s Orange Basin

Norwegian Energy Firm Joins Chevron in Namibia’s Orange Basin Oil Exploration Norwegian energy company Equinor has joined Chevron in Namibia’s Orange Basin, adding another major international player to the country’s growing offshore oil and gas exploration sector. Equinor has acquired a 25% interest in Petroleum Exploration Licence 90 (PEL 90) from Chevron subsidiary Chevron Namibia Exploration Ltd, which will remain operator with a 55% stake. Custos Energy holds the remaining 20% interest. The transaction is

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International Corporate News Oil

South Africa’s Constitutional Court Blocks Shell Offshore Exploration

South Africa’s Top Court Blocks Shell Offshore Oil and Gas Exploration South Africa’s Constitutional Court has halted Shell’s offshore oil and gas exploration activities along the country’s Eastern Cape coastline, overturning an earlier ruling that had allowed the company and its partner, Impact Africa, to proceed. The decision follows a legal dispute that has continued for several years over the granting of exploration rights in the offshore area. The court found that affected communities had

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Transport and Logistics Local News

AfDB Approves $265 Million to Advance Zambia’s Lobito Corridor Rail Link

AfDB Approves $265 Million for Zambia’s Lobito Corridor Railway Project The African Development Bank Group (AfDB) has approved $265 million to support Zambia’s participation in the Lobito Integrated Economic Corridor, advancing plans to establish a direct railway connection between Zambia and Angola. The financing comprises a $255 million loan from the African Development Fund and a $10 million grant from the Rome Process/Mattei Plan Financing Facility. The funding will support the first phase of Zambia’s

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International Corporate News Oil Petroleum

Sonatrach Deepens Energy Cooperation with Niger Through Exploration and Fuel Agreements

Sonatrach Expands Niger Energy Cooperation with New Exploration, Drilling and Fuel Deals Algeria’s state-owned energy company Sonatrach is expanding its cooperation with Niger through a series of agreements covering oil exploration, drilling services and petroleum-product supplies. In June 2026, Sonatrach and Niger’s national oil company SONIDEP signed three memoranda of understanding covering seismic exploration, drilling operations and petroleum products. The agreements build on a cooperation framework established in 2024 and are intended to strengthen technical

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Diamonds Local News

Angola’s Diamond Industry Reviews Market Conditions Amid Global Shifts

Angola’s Diamond Industry Assesses Market Conditions as Global Demand and Prices Evolve Representatives from Angola’s mining companies, the Geological Institute of Angola, the Angolan Diamond Laboratory and other industry institutions have met in Dundo, Lunda Norte, to assess developments in the country’s diamond market. The discussions focused on current market conditions and the factors affecting the performance of Angola’s diamond industry. Industry stakeholders reviewed developments across the diamond value chain as producers and other market

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Local News Transport and Logistics

Angola Calls for Major Logistics Transformation to Strengthen Food Security

Angola Seeks Logistics Transformation to Improve Food Security and Agricultural Distribution Angola’s Minister of Transport, Ricardo de Abreu, has called for a structural transformation of the country’s logistics system to strengthen food security and improve the distribution of agricultural products. Speaking in Luanda, the minister said Angola needs a more integrated and efficient logistics network capable of connecting agricultural production areas with major consumption centres and markets. He highlighted the importance of improving transport infrastructure

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Expos & Events International Sponsored

AEW 2026 to Explore Africa’s Shift from Local Content Participation to Industrialization

As Africa develops its estimated 125.3 billion barrels of crude oil and 620 trillion cubic feet of natural gas to strengthen energy security and expand local economies, local-content frameworks are entering a new phase. Governments are moving beyond requirements for local employment and procurement toward building domestic industrial capacity and strengthening digital compliance while maintaining an investment environment capable of delivering competitive returns for international partners. Developments across Mozambique, Namibia, Nigeria, Ghana, Angola and other

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Local Diamonds Economy News

Angola Opens Sixth Diamond-Cutting Factory in Saurimo to Boost Local Diamond Value Addition

Angola Opens Sixth Diamond-Cutting Factory as Saurimo Strengthens Its Position as a Diamond Processing Hub Angola has strengthened its domestic diamond-processing industry with the inauguration of a new diamond-cutting factory in Saurimo, Lunda Sul Province, bringing the number of operational cutting facilities at the Saurimo Diamond Development Hub to six. The new facility, operated by Diarough Angola, was officially opened by Minister of Mineral Resources, Oil and Gas Diamantino Azevedo on Saturday, marking another step

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International Energy News Oil

Niger Plans $1.9 Billion Refinery to Strengthen Regional Energy Supply

Niger Plans $1.9 Billion Refinery as Country Targets West African Energy Hub Status Niger is planning a $1.9 billion oil refinery and associated petrochemical complex as part of efforts to expand its domestic refining capacity, increase value from its crude resources and strengthen its position in West Africa’s energy market. The proposed development would significantly expand Niger’s ability to process crude oil locally, reducing reliance on imported refined petroleum products while creating opportunities to supply

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International News Renewable Energy

Uganda Energises 24 MWp Ituka Solar Project in West Nile

Uganda Energises 24 MWp Ituka Solar Plant as West Nile Gains New Grid Power Uganda has taken a major step towards expanding renewable electricity supply in the West Nile region after the 24 MWp Ituka Solar PV project was energised and began feeding initial power into the national grid. Developed by AMEA Power through its subsidiary Ituka West Nile Uganda Limited, the project is located in Madi Okollo District and is expected to become the

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