De Beers Board Member Matome Tsholetsa Malema Passes Away
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
Luanda hosts the 4th edition of the Angola Oil & Gas in September, as announced by the Ministry of Mineral Resources, Petroleum, and Gas (MIREMPET) on their official Facebook page on Tuesday 18th of July 2023. The event, organized by Energy Capital & Power in collaboration with MIREMPET, will take place at the Talatona Convention Center and aims to bring together experts from the global oil and gas sector. They will analyze topics related to
The Korea Gas Corporation (KOGAS) is set to participate in a US$7 billion (9.2 trillion won) gas development project in Mozambique, Africa. The project, dubbed the Mozambique Area 4 Coral North Floating Liquefied Natural Gas (FLNG) project, is a follow-up to the Coral South FLNG, which KOGAS had previously joined. According to KOGAS and industry sources on June 30, Italian energy company Eni recently submitted an official proposal for the Coral North project to the
Namibia’s solar market is booming with the country attracting fresh investments and new players. With a focus on both grid-connected and off-grid projects, the country aims to connect 80% of its population to renewables by 2025. This surge is fuelled by strong regulatory support, abundant resources, a drive for diversification and the growing demand for decentralized power systems. Untapped Resources Blessed with 300 days of sunshine per year and offering a climate well-suited for solar
Nuru, an energy startup based in the Democratic Republic of the Congo (DRC), has secured $40 million in equity funding toward its mission of providing stable electricity to all five million residents of the country. Many different organizations contributed to this round of funding, including the International Finance Corporation (IFC), the Global Energy Alliance for People and Planet (GEAPP), the Renewable Energy Performance Platform (REPP), Proparco, E3 Capital, Voltalia, the Schmidt Family Foundation, the GAIA
The government of Uganda, through the Ministry of Energy and Mineral Development, has announced that it is seeking investment partners to advance the development of a 60,000 barrel-per-day oil refinery. In a press statement, the ministry stated that it has reached several milestones regarding the implementation of the refinery and now seeks financing to progress further. Specifically, the Ministry is turning to public sector capital providers to accelerate the implementation of the downstream project. “The
Globeleq, the leading independent power company in Africa, has agreed to purchase Scatec A.S.A.’s 52.5% stake in the 41 MW Central Solar de Mocuba solar PV power plant (Mocuba). Globeleq will also purchase KLP Norfund Investments A.S.’s 22.5% stake in the plant at the same time. On completion of these transactions, Globeleq will hold a 75% stake in Mocuba, and will become the owner and manager of the plant. Electricidade de Moçambique (EDM), the national
A delegation from the United States of America Development Finance Corporation, headed by the General Manager of Structured Finance, Nancy Riveira, visited the headquarters of the Ministry of Mineral Resources, Petroleum and Gas, to obtain more information about the Mining and Hydrocarbon Sector. The Secretary of State for Mineral Resources, Jânio Corrêa Victor who was representing the Minister Diamantino Azevedo at the meeting, provided the necessary clarifications to the American delegation, which has expressed interest
ENDIAMA has recently delivered a Toyota vehicle, Land-Cruiser model and computer equipment, including computers and overhead projectors to support academic activities at the School of Sciences of Agostinho Neto University, as part of its social responsability. The executive director Domingos Margarida who was representing the chairman of the board directors Ganga Júnior, said that the donation is part of the spirit of cooperation between ENDIAMA E.P, and that institution of higher education. “The structures of
Petra Diamonds has postponed its sixth tender for the financial year (FY) 2023 due to a temporary downturn in the market for rough diamonds. The miner said the diamonds originally earmarked for sale in June will now be tendered in August, which historically coincides with stronger demand due to the end of Northern Hemisphere summer holidays and the commencement of manufacturing orders being filled ahead of the seasonally strong end of year festive period. The
A delegation from the Ministry of Mines and Energy of Namibia visited the offices of ENDIAMA-E.P, with the aim of exchanging experiences to make the diamond subsector increasingly dynamic and attractive. The meeting was guided by the President of the National Diamond Company of Angola, Ganga Júnior, who also discussed with the Namibian delegation issues related to the exploitation of diamonds in the sea, an activity already developed by Namibia. Miina Gahutu, Director of Diamond
