Vital Industry News
SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil Debswana Layoffs Spark Outcry as Botswana President Bypasses Union Lucapa Diamond Enters Voluntary Administration Amid Financial Struggles and Sale Plans Uganda Pushes First Oil to 2026 Amid Ongoing Delays and Growing Public Frustration South Africa Launches National Petroleum Company to Revive Energy Sector and Boost Self-Sufficiency AXIAN Energy Breaks Ground on West Africa’s Largest Solar-Storage Project in Senegal Egypt Inaugurates Largest Solar Power Plant to Advance Clean Energy Goals Dangote Refinery to Import Over 5 Million Barrels of U.S. Crude in July Amid Supply Gaps and Rising Investments Egypt Fast-Tracks Gas Output with Early Production from Raven Field Wells
SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil Debswana Layoffs Spark Outcry as Botswana President Bypasses Union Lucapa Diamond Enters Voluntary Administration Amid Financial Struggles and Sale Plans Uganda Pushes First Oil to 2026 Amid Ongoing Delays and Growing Public Frustration South Africa Launches National Petroleum Company to Revive Energy Sector and Boost Self-Sufficiency AXIAN Energy Breaks Ground on West Africa’s Largest Solar-Storage Project in Senegal Egypt Inaugurates Largest Solar Power Plant to Advance Clean Energy Goals Dangote Refinery to Import Over 5 Million Barrels of U.S. Crude in July Amid Supply Gaps and Rising Investments Egypt Fast-Tracks Gas Output with Early Production from Raven Field Wells
Corporate News Diamonds International

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

Local Energy News Oil

Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil

Corporate News Diamonds International

Debswana Layoffs Spark Outcry as Botswana President Bypasses Union

More Angolan Mining News

Corporate News Diamonds International

SACIM Dominates DRC’s Industrial Diamond Output in Q1 2025 with 97% Share

Anhui Congo Mining Investment Company (SACIM) has emerged as the dominant producer of industrial diamonds…
Local Energy News Oil

Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil

Angola’s Secretary of State for Energy, Arlindo Bota Manuel Carlos, has reaffirmed the country’s commitment…
Corporate News Diamonds International

Debswana Layoffs Spark Outcry as Botswana President Bypasses Union

Botswana President Duma Boko has announced the planned termination of over 1,000 workers at Debswana,…
Corporate News Diamonds Local

Lucapa Diamond Enters Voluntary Administration Amid Financial Struggles and Sale Plans

Lucapa Diamond Company has entered voluntary administration as it seeks to restructure its capital and…
International News Oil

Uganda Pushes First Oil to 2026 Amid Ongoing Delays and Growing Public Frustration

Uganda has once again delayed the start of oil production from the Albertine Graben, now…
International News Oil

South Africa Launches National Petroleum Company to Revive Energy Sector and Boost Self-Sufficiency

South Africa has officially launched the South African National Petroleum Company (SANPC), a new state-owned…
International Oil

Egypt Strikes New Gas Find in Western Desert as Energy Ambitions Grow

Egypt has discovered gas-bearing zones in a well located in the Western Desert, with a net thickness of 253 feet (approximately 77.1 meters) and an estimated yield of 12.5 million barrels of oil equivalent. Engineers are currently conducting production tests while advancing plans to extend a 23-kilometer pipeline, valued at $10 million. Additional drilling is also underway, aimed at boosting daily gas output to 30 million cubic feet. Meanwhile, experts are evaluating two newly discovered

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International Economy News

Nigeria Finalizes Legal Framework for African Energy Bank Ahead of Launch

The Federal Government of Nigeria has finalized the key legal and governance frameworks required to launch the African Energy Bank, marking a significant step forward in the project’s implementation. During a recent meeting in Abuja, Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, hosted African Export-Import Bank (Afreximbank) President Prof. Benedict Oramah and African Petroleum Producers’ Organization (APPO) Secretary General Omar Farouk Ibrahim to review progress on the initiative. A statement issued on Sunday

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Corporate News Local Mining Projects Oil

Sintana Energy Expands into Angola with Strategic Stake in KON-16 Block

Sintana Energy Inc. has secured a new exploration opportunity in Angola through a strategic agreement that strengthens its position in West Africa’s energy sector. The agreement grants Sintana an indirect 5% interest in the KON-16 onshore block in Angola’s Kwanza Basin through a partnership with UK-based Corcel Plc. The collaboration also opens the door for both companies to pursue additional ventures across the region. As part of the deal, Sintana will invest $2.5 million—beginning with

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Local Gas News Oil

Angola Pledges Support for Namibia’s Growing Oil and Gas Sector

Angola has expressed its readiness to assist Namibia in building its oil and gas industry by leveraging its decades of experience in the sector. Presidential spokesperson Alfredo Hengari confirmed that Angola is well-positioned to train Namibians in oil and gas and has already begun capacity-building initiatives. He reaffirmed Angola’s full commitment to supporting the development of Namibia’s emerging energy sector. This pledge comes in the wake of Namibian President Netumbo Nandi-Ndaitwah’s recent working visit to

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Corporate News International Oil

Seplat Energy Revives Over 400 Oil Wells to Boost Production and Drive Growth

Seplat Energy has unveiled plans to revive over 400 dormant oil wells across its assets as part of a strategic move to boost production and reinforce its position in Nigeria’s energy sector. The announcement was made by Chief Operating Officer Samson Ezugworie during the company’s post-Annual General Meeting (AGM) held in Lagos on Wednesday. Seplat currently operates eight of the 11 oil blocks in its portfolio—seven onshore and four offshore. Ezugworie described these assets as

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Local News Renewable Energy

Construction Begins on Angola’s Largest Private Solar Plant in Lubango

Construction has commenced on Angola’s largest privately funded photovoltaic power plant in Lubango, Huíla Province, with an investment of $35 million, the project’s promoters have announced. The Quilemba Solar plant is being developed by a joint venture comprising TotalEnergies (51%), Sonangol (30%), and Maurel & Prom (19%). The facility is expected to begin electricity production in April 2026 and aims to benefit approximately 40,000 households in the provincial capital. The project will initially generate 35

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International Oil

Namibia Targets Late 2026 for First Offshore Oil Investment Decisions by TotalEnergies and BW Energy

Namibia expects TotalEnergies and BW Energy to make final investment decisions (FIDs) on two major offshore oil projects by the fourth quarter of 2026, according to a senior government official. Maggy Shino, Petroleum Commissioner at Namibia’s Ministry of Mines and Energy, stated on Tuesday that TotalEnergies is anticipated to submit a field development plan for its Venus discovery this summer. Meanwhile, BW Energy and the Namibian government are finalizing plans for a smaller offshore project.

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Local Economy News

Angola’s Largest Bank Delivers Strong Results Amid Economic Headwinds

In the shifting financial landscape of sub-Saharan Africa, Banco Angolano de Investimentos (BAI) has emerged as a benchmark for sustainable growth, institutional strength, and strategic foresight. Founded in 1996, BAI has grown into Angola’s largest commercial bank, driven by disciplined financial management, robust governance, and consistent market performance — particularly under its current leadership, elected in 2021. BAI has steadily expanded its presence within Angola and internationally, with operations in Cape Verde and Portugal. As

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International News Oil

Namibia and Botswana Plan Joint Oil Refinery to Bolster Energy Security and Economic Diversification

Southern Africa is set to welcome a new oil refinery, the result of a strategic partnership between the governments of Namibia and Botswana. The proposed facility is part of broader efforts to deepen regional cooperation in the energy sector and reduce dependence on imported petroleum products. According to The Namibian, the initiative was a key topic during Namibian President Netumbo Nandi-Ndaitwah’s recent working visit to Gaborone, where she held talks with Botswana’s President Duma Boko.

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Corporate News International Oil

Shell Pays Nigeria $5.34 Billion in 2024 as It Prepares Onshore Exit

Shell paid $5.34 billion to Nigeria in 2024—the highest amount it paid to any country that year—according to figures released Thursday as part of a UK legal disclosure. The payments, which include taxes and other extractive-related charges, marked an increase from 2023. This surge comes as Shell prepares to exit its onshore oil operations in Nigeria after decades of activity marked by environmental controversies and social unrest. Although the company will maintain its offshore operations,

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