Vital Industry News
Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project Seplat Accelerates Production Growth with Idle Well Revival Program Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit Nigeria Restructures OPL 245, Clearing Path for Shell and Eni Development Port of Lobito Extends Timoneiro Concession for Towing and Marine Operations Angola’s MIREMPET Assesses Mining and Oil Potential in Icolo & Bengo Province Nigeria to Launch Cawthorne Crude Exports as Output Recovers
International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

More Angolan Mining News

International News Oil

Middle East Tensions Send Oil Prices Higher, Raising Inflation Risks for Africa

Oil Price Surge After US Strikes on Iran Threatens Higher Fuel Costs and Inflation Across…
Gold Economy International

Uganda Central Bank Launches Domestic Gold Purchase Programme to Boost Reserves

Uganda Central Bank Begins Gold Buying Programme as Global Prices Surge Past $5,000 The Bank…
Diamonds Corporate News International

Lucara Reports Lower 2025 Earnings as Karowe Underground Expansion Advances

Lucara Diamond Revenue Falls in 2025 as Botswana’s Karowe Underground Project Requires Additional Funding Canada-listed…
Local Corporate News Mining Projects

Cascade Natural Resources Boosts Investment in Pensana to Accelerate Longonjo Rare Earths Project

Cascade Natural Resources Raises Pensana Investment to $165M to Support Angola’s Longonjo Rare Earths Mine…
Corporate News International Oil

Seplat Accelerates Production Growth with Idle Well Revival Program

Seplat Restores 49 Idle Wells, Targets 50 More as Offshore Output Surges After ExxonMobil Asset…
Corporate News Gas International

Eni Raises Stake in Algeria’s Touat Gas Field to 42.9% After Engie Exit

Eni Expands Position in Algeria’s Touat Gas Field Following Engie Withdrawal Eni has increased its…
Local News Oil

Angola’s Oil Production Falls Below Target for Sixth Consecutive Month in August 2025

Angola Oil Production Drops to 1.03 Million Barrels per Day in August 2025 — Below Targets for Six Months Angola’s oil production continued to fall short of expectations in August 2025, averaging 1.03 million barrels per day and marking the sixth consecutive month of underperformance. According to the monthly report from the National Agency of Petroleum, Gas, and Biofuels (ANPG), Angola produced 32.07 million barrels in August, equivalent to an average of 1,034,655 barrels per

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Corporate News Diamonds Local

Sodiam Announces Online Auction of 36 Specialty Diamonds in October 2025

Angola’s Sodiam to Hold Online Auction of 36 Specialty Diamonds in October 2025 The Angolan state-owned diamond trading company, Sodiam, has announced an electronic auction of 36 specialty diamonds, each weighing 10.80 carats or more. The auction will be held in collaboration with TRANS ATLANTIC GEM SALES, targeting customers registered in Sodiam’s database who have expertise in trading specialty stones. According to Sodiam’s official press release, viewing sessions for the diamonds will take place from

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Diamonds Corporate News Local

Angola’s Endiama Achieves $1.1 Billion Revenue in First Half of 2025 from Diamond Sales

Angola’s Endiama Reports $1.1B Revenue from 10.6M Carats of Diamonds in H1 2025 Angola’s state-owned diamond company, Endiama, recorded revenue exceeding $1.1 billion in the first half of 2025, driven by the sale of 10.6 million carats of diamonds. The performance surpassed forecasts by 1.2%, according to company officials. The announcement was made during Endiama’s semiannual diamond production review meeting held in Dundo, Lunda Norte Province. Elton Escrivão, Director of Marketing for Endiama, emphasized the

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International Energy

Zambia and Botswana Sign Landmark Energy Agreement to Boost Regional Power Trade

Zambia-Botswana Energy Pact to Strengthen Cross-Border Power Trade and Regional Energy Integration Zambia and Botswana have signed a landmark agreement to enhance cross-border electricity trade and strengthen regional energy cooperation. Announced on Thursday at the 2025 Energy Forum for Africa in Lusaka, the deal will facilitate power exports between the two nations and help connect northern and southern Africa to larger, integrated energy markets. The Memorandum of Understanding (MoU) was signed on behalf of Zambia

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Corporate News Diamonds International

Namibia Weighs Stake in De Beers Amid Diamond Market Slump

Namibia Considers De Beers Stake as Diamond Prices Decline and Industry Faces Challenges Namibia will carefully assess whether to acquire a stake in De Beers as the global diamond market faces a prolonged slump, local media reported on Monday, citing the country’s Deputy Prime Minister. Anglo American, De Beers’ parent company, announced on September 9 that it is selling the diamond giant as part of a portfolio restructuring to focus on copper and iron ore.

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International News Oil

Somalia to Begin Oil Drilling in Coming Months, President Announces

Somalia Launches Oil Drilling Initiative to Boost Economic Growth and Infrastructure Somalia’s President, Hassan Sheikh Mohamud, has announced that the country will begin oil drilling operations in the coming months, marking a significant step toward harnessing Somalia’s natural resources for national development. Speaking on Monday at the opening of the 7th Session of the Federal Parliament in Mogadishu, President Mohamud said the initiative will be a catalyst for Somalia’s growth. “We are committed to using

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International Gas News Oil

Equatorial Guinea to Launch Major Oil & Gas Licensing Round in April 2026

Equatorial Guinea Announces 2026 Oil & Gas Licensing Round to Boost Exploration Amid Declining Output Equatorial Guinea will launch a new oil and gas licensing round in April 2026 to encourage exploration and counter declining production, Hydrocarbons and Mining Development Minister Antonio Oburu Ondo announced. Known locally as “la ronda”, the licensing round is planned for the second quarter of 2026. Detailed timelines, application procedures, and requirements will be announced closer to the launch. The

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International Renewable Energy

Namibia Commissions First Solar Wheeling Project at Maxwell Farm

Namibia’s First Solar Wheeling Project Powers B2Gold Mine Through NamPower’s MSB Programme Sustainable Power Solutions (SPS), in partnership with B2Gold Namibia, the Oelofse family, and Fortitude, has commissioned Namibia’s first solar wheeling project under NamPower’s Modified Single Buyer (MSB) Programme. The initiative allows private independent power producers (IPPs) to sell electricity directly to large customers using the national grid. The Maxwell Solar Plant The 10 MW Maxwell Solar Plant, located on Maxwell Farm about 50

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Corporate News Diamonds International

Rio Tinto Unveils Final Beyond Rare Diamond Tender

Rio Tinto Launches ‘Into the Light’ Tender Featuring Last Pink, Red, Violet, Yellow and White Diamonds Rio Tinto has announced the launch of its final Beyond Rare tender, offering an exclusive selection of pink, red, violet, yellow, and white diamonds sourced from its Canadian and Australian operations. The tender, titled “Into the Light,” features 52 lots weighing a total of 45.44 carats. This edition marks the conclusion of the company’s celebrated Art Series, following the

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Diamonds Economy International

IMF Warns Botswana’s Economic Growth Hampered by Diamond Sector Decline

IMF Botswana Report Highlights Diamond Sector Challenges and Urgent Need for Economic Diversification The International Monetary Fund (IMF) has concluded its annual Article IV consultation for Botswana, revealing that the country’s diamond sector is significantly slowing economic growth. After expanding by 3.2% in 2023, Botswana’s economy contracted by 3% in 2024, largely due to challenges in the diamond industry, including competition from lab-grown diamonds and reduced demand from China. The IMF forecasts Botswana’s GDP will

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