Vital Industry News
Lobito Corridor Set to Transform Zambia’s Trade Routes and Create New Business Opportunities Angola Moves to Digitise Fuel Sector with New Licensing and Distribution Tracking Systems Angola Strengthens Energy Partnership with China as Minister Pushes for Faster Project Delivery Petra Diamonds Shares Suspended as Audit Delay Raises Market Concerns Tanzania and Angola Move to Link Indian and Atlantic Ocean Trade Corridors by Rail ExxonMobil Expands Stake in Mozambique’s Rovuma LNG Project Ahead of Final Investment Decision Angola’s Economy Gains Momentum as Reforms and Investment Drive Stronger Growth Angola Ranks Among the World’s Top Three Diamond Producers in 2025 Mailo Solar Expansion Set to Boost Zambia’s Renewable Energy Capacity Zambia Launches Solar Financing Initiative Targeting 120,000 Households
Transport and Logistics Local News

Lobito Corridor Set to Transform Zambia’s Trade Routes and Create New Business Opportunities

Local Oil Petroleum

Angola Moves to Digitise Fuel Sector with New Licensing and Distribution Tracking Systems

Local Energy News

Angola Strengthens Energy Partnership with China as Minister Pushes for Faster Project Delivery

More Angolan Mining News

Transport and Logistics Local News

Lobito Corridor Set to Transform Zambia’s Trade Routes and Create New Business Opportunities

Lobito Corridor Opens Multi-Billion-Dollar Opportunities for Zambian Businesses in Logistics, Mining and Agriculture The Lobito…
Local Oil Petroleum

Angola Moves to Digitise Fuel Sector with New Licensing and Distribution Tracking Systems

Angola’s Fuel Regulator Advances Digital Transformation to Improve Licensing, Monitoring and Fuel Distribution Angola is…
Local Energy News

Angola Strengthens Energy Partnership with China as Minister Pushes for Faster Project Delivery

Angola Seeks Deeper Energy Cooperation with China, Urges Acceleration of Strategic Power Projects Angola is…
Corporate News Diamonds International

Petra Diamonds Shares Suspended as Audit Delay Raises Market Concerns

Petra Diamonds Trading Halted in London After Delayed Audit of South African Operations Shares of…
Local News Transport and Logistics

Tanzania and Angola Move to Link Indian and Atlantic Ocean Trade Corridors by Rail

Tanzania and Angola Advance Rail Partnership to Connect East and West African Trade and Mining…
International Corporate News Oil

ExxonMobil Expands Stake in Mozambique’s Rovuma LNG Project Ahead of Final Investment Decision

ExxonMobil Raises Rovuma LNG Stake to 50% as Mozambique’s US$30 Billion Gas Megaproject Moves Closer…
International Corporate News Gas Oil

TotalEnergies Completes $800 Million Divestment of Nigerian Oil Assets While Retaining Key Gas Interests

TotalEnergies Finalizes $800M Sale of 10% Stake in Nigerian Joint Venture, Maintains Strategic Gas Portfolio TotalEnergies has completed the sale of its 10% non-operated interest in the Renaissance Joint Venture (JV) in Nigeria to Vaaris in a transaction valued at $800 million, marking another significant step in the company’s portfolio optimization strategy. The deal highlights the growing shift among international energy companies toward concentrating investments on high-value and lower-emission energy assets. The divestment covers TotalEnergies’

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International Corporate News Oil

XRG Explores Strategic Entry into Libya Through Potential Stake in Eni’s Energy Assets

XRG in Early Talks to Acquire Stake in Eni’s Libya Oil and Gas Business as North Africa Expansion Accelerates Abu Dhabi-based energy investment company XRG is reportedly exploring the acquisition of a stake in Eni’s oil and gas operations in Libya, marking a potential strategic expansion into one of North Africa’s most significant hydrocarbon markets. The discussions, first reported by Reuters, remain in the early stages and there is no certainty that a transaction will

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Energy Local Oil

Angola’s Mature Oil Fields Draw $10 Billion Investment as Reforms Revitalize Upstream Sector

Angola Attracts $10 Billion in Oil and Gas Investment Through Fiscal Reforms and Mature Field Development Angola is experiencing a resurgence in upstream oil and gas investment, with an estimated $10 billion being directed toward the development and optimization of mature oil fields. The renewed investor confidence comes as the country implements a series of fiscal reforms aimed at extending the productive life of aging assets, improving project economics, and maintaining its position as one

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International Energy News

Nigeria’s $300 Million DRE Fund Falls Far Short of Off-Grid Power Needs

Nigeria’s $300 Million Renewable Energy Fund Covers Just 2% of Off-Grid Electrification Requirement Nigeria’s ambitious efforts to expand electricity access through decentralized renewable energy (DRE) solutions have received a significant boost with the establishment of a US$300 million fund. However, industry experts warn that the financing package addresses only a small fraction of the investment required to bring power to millions of Nigerians who remain disconnected from the national grid. According to energy sector stakeholders,

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Transport and Logistics Local News

Zambia Lobito Railway Moves Closer to Construction as AFC Names Preferred EPC Contractors

AFC Selects Preferred Contractors for Zambia Lobito Railway, Paving the Way for Major Regional Trade and Mining Corridor Africa Finance Corporation (AFC) has taken a significant step toward advancing the Zambia Lobito Railway Project by announcing the preferred Engineering, Procurement and Construction (EPC) contractors for the transformative cross-border rail development linking Zambia to Angola’s Atlantic coast. The announcement follows a competitive international tender process for the 830-kilometre greenfield railway project, which is expected to strengthen

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International Oil Petroleum

Ghana Advances $28 Billion Petroleum Hub Expansion with New Development Agreement

Ghana Signs $28 Billion Petroleum Hub Expansion Deal Featuring Refinery, Petrochemicals and Storage Infrastructure Ghana has taken another step toward establishing itself as a major petroleum processing and trading hub in West Africa after signing a memorandum of understanding (MoU) for a proposed US$28 billion expansion of its flagship Petroleum Hub project. The agreement was signed in Accra on 19 October by the Petroleum Hub Development Corporation and a consortium led by UAE-based Global Sphere,

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International Gas News Oil

Namibia Urges Local Businesses to Position for Oil and Gas Opportunities

Namibia Calls on Local Companies to Build Capacity for Oil and Gas Supply Chain Contracts As Namibia moves closer to developing its offshore petroleum resources, President Netumbo Nandi-Ndaitwah has called on local businesses to strengthen their capabilities and prepare for opportunities emerging across the oil and gas value chain. Speaking at the opening of the Swakopmund International Trade Expo (SWAiTEX) in Swakopmund, Nandi-Ndaitwah emphasised that Namibian companies must take proactive steps to build the technical,

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Local Energy News

Namibia and Angola Fast-Track N$941 Million Power Interconnector and Baynes Hydropower Project

Namibia and Angola Prioritise N$941 Million Interconnector and Baynes Hydropower Project to Boost Regional Energy Security Namibia and Angola have reaffirmed their commitment to strengthening regional energy infrastructure by prioritising the N$941 million Angola-Namibia Interconnector and the long-planned Baynes Hydropower Project, two strategic initiatives expected to enhance power security, economic cooperation, and cross-border development. The projects were highlighted during the inaugural session of the Angola-Namibia Bi-National Commission (BNC) in Luanda, co-chaired by Namibian President Netumbo

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Local News Oil

Namibia’s President Visits Luanda Refinery as Angola Strengthens Regional Energy Cooperation

Namibia President Netumbo Nandi-Ndaitwah Visits Luanda Refinery During Angola State Visit Namibia’s President Netumbo Nandi-Ndaitwah visited the Luanda refinery in Angola on Tuesday, 20 October 2026, before concluding her state visit to the country, as both nations seek to strengthen cooperation in the energy sector. The visit provided an opportunity for the Namibian delegation to learn more about Angola’s petroleum refining operations and its efforts to expand domestic processing capacity. The Luanda refinery, operated by

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Local News Oil

President Lourenço Invites Namibia to Take Stake in US$6.6 Billion Lobito Refinery

Angola Invites Namibia to Invest in 200,000 bpd Lobito Refinery Project Angola has invited Namibia to acquire a stake in the Lobito refinery, a major downstream energy project under construction in Benguela Province that is designed to process 200,000 barrels of crude oil per day. Angolan President João Lourenço announced the invitation on 19 October 2026 during a state visit to Luanda by Namibian President Netumbo Nandi-Ndaitwah. The proposal forms part of efforts to deepen

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