Bié raises more than 60 million kwanzas with tax payments

About 60.7 million kwanzas were collected during the second quarter of this year in Bié province, resulting from the granting of licenses for the sale of aggregates, taxes on diamond production, diamond exploration and issuance of permits. The data were provided by the director of the provincial office for the Integrated Economic Development of Bié, Israel Elavoco. Of this amount, taxes on diamond production represented the highest bar with 9 million kwanzas According to the

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Angola registers drop of 85 thousand barrels of oil

Angola produced, in August this year, 36,406,716 barrels of oil, corresponding to an average of 1,174,410 barrels/day. Compared to July, there was a drop of 85,338 barrels, when the country produced 36,492,054 barrels of “crude”. And according to the website of the National Agency of Petroleum, Gas and Biofuels (ANPG), during the same period, the production of associated gas was 89,522 million cubic feet, corresponding to a daily average of 2,888 million cubic feet Compared

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Diamond revenues reach $1.6 billion

In the 2021 financial year, revenue from the sale of diamonds in the country reached a value of US$1.6 billion, according to the report by the Sociedade de Comercialização de Diamantes (SODIAM). Compared to 2020, this figure represented an increase in revenue of 60.6 percent, influenced by the increase in the average price of 39.2 percent, and by the increase in the volume of rough diamonds sold by 15.4 percent. The average price was 182.16

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Oil production in Angola will rise to 1.18 million barrels/day

The consultancy Oxford Economics Africa predicts that oil production in Angola will rise 4.4% this year, to 1.18 million barrels a day, after having grown 3.8% from January to August. “Oil production in Angola continues to improve this year, in line with our projection; production grew 3.8% to 1.17 million barrels per day from January to August, compared to the same period last year, and the our short-term outlook is optimistic, with production forecast to

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Mining and Technical Exhibitions (MTE) Expo Looks to Explore the Growth of Zambia’s Mining Industry

Contributing heavily to the country’s economy, mining in Zambia provides export income, royalty payments and employment Zambia’s mining industry is booming with the production of multiple mineral raw materials, including copper, cobalt, gold, nickel, manganese, emeralds, beryllium, myriad gemstones, sulphur, zinc, coal, iron ore, steel, limestone, uranium, and other platinum-group metals. Contributing heavily to the country’s economy, mining in Zambia provides export income, royalty payments and employment. Later this month, the renowned Mining and Technical

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Economic Community of West African States (ECOWAS), Nigeria and Morocco sign a Memorandum of Understanding for the Nigeria-Morocco Gas Pipeline megaproject

The MoU attests to the commitment of ECOWAS and all the countries crossed by the gas pipeline, to contribute to the feasibility and technical studies, the mobilisation of resources and execution of this key project A Memorandum of Understanding was signed on Thursday 15 September in Rabat, Morocco between ECOWAS, the Federal Republic of Nigeria and the Kingdom of Morocco. The three sides were respectively represented by Mr Sediko Douka, ECOWAS Commissioner for Infrastructure, Energy

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Namibia’s Namibian Investment Promotion Development Board (NIPDB) Joins African Energy Week 2022 as Diamond Sponsor

The Namibian Investment Promotion Development Board will be showcasing investment opportunities across the country’s oil, gas and green hydrogen industries as a diamond sponsor during the African Energy Week 2022 conference The African Energy Week (AEW) (www.AECWeek.com) 2022 conference and exhibition – Africa’s premier event for the oil and gas sector which will be taking place from October 18-21 this year in Cape Town – will serve to drive long-term energy investment in Africa with

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Rystad Energy’s Head of Analyses to Drive Critical Energy Market Discussions at African Energy Week (AEW) 2022

Rystad Energy’s Head of Analyses will be coming to AEW 2022 to shape dialogue around oil and gas market developments and renewable energy installation across the African energy sector Per Magnus Nysveen, Head of Analyses at energy market intelligence firm Rystad Energy, will shape discussions around trends, challenges and opportunities within Africa’s energy sector at African Energy Week (AEW) (www.AECWeek.com) – Africa’s premier event for the oil and gas sector, which takes place from 18

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Guterres: ‘Global addiction to fossil fuels’ must end and a ‘renewables revolution’ jumpstarted

Achieving a just and equitable energy transition is “one of the biggest challenges facing our world,” UN Secretary-General António Guterres told the Global Compact Board meeting on Sunday Climate disasters and skyrocketing fuel prices have made the need to “end our global addiction to fossil fuels” crystal clear, he said, underscoring the importance of investing in renewables, building resilience, and scaling up adaptation. “Had we invested massively in renewable energy in the past, we would

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Power Up campaign calls for investment in green energy to tackle the climate crisis

Power Up is working to unlock more ambitious pledges from wealthy countries Ahead of the crucial COP27 climate talks, a new campaign is boosting African efforts to seek greater global funding for affordable green energy – essential for adaptation to the climate crisis. The campaign calls for wealthy nations to greatly increase climate adaptation funding, and to ensure a significant share of this funding supports access to green, affordable energy for people facing climate catastrophe.

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