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…
Oil Local News Petroleum

Angola’s Fuel Imports Drop 18% in Q2 2025

Angola Cuts Fuel Imports to 9.4 Million Tons in Second Quarter of 2025 Angola imported 9.4 million metric tons of fuel in the second quarter of 2025, worth USD 438 million — an 18 percent decrease compared to the previous quarter, according to official data. Luis Fernando, Director-General of the Petroleum Derivatives Regulatory Institute (IRDP), told the Angola Press Agency that imports were dominated by diesel (59.6 percent), followed by gasoline (25 percent), Jet A1

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Local News Renewable Energy

Moxico Leste to Boost Energy Supply with Luau and Cazombo Solar Plants

Two New Solar Plants in Moxico Leste to Power Over 36,000 Homes by Year-End Moxico Leste’s energy capacity is set to expand significantly in the coming months with the launch of two new photovoltaic plants in Luau and Cazombo. The Luau facility is scheduled to begin operations in September, followed by the Cazombo plant in November, together supplying clean power to more than 36,000 households. According to the Moxico Leste provincial government, the Cazombo photovoltaic

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Diamonds Local News

Azevedo Warns of Serious Challenges in Lunda Norte’s Diamond Sector

Angola’s Mining Minister Flags Illegal Diamond Trade and Child Labor in Lunda Norte The Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, has warned that diamond mining in Lunda Norte faces “a serious and complex challenge,” with the province recording the highest number of illegal diamond hotspots in Angola. Speaking during the inauguration of a new university campus in Lunda Norte, a USD 60 million investment unveiled by President João Lourenço, the minister expressed

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Corporate News Diamonds Local

De Beers Returns to Angola With Major Kimberlite Discovery

De Beers and Endiama Discover New Kimberlite Field in Angola, Boosting Diamond Potential The Angolan Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, has confirmed the return of De Beers to Angola, highlighting the discovery of a new kimberlite field in partnership with Endiama, the national diamond company. The announcement was made in Saurimo during the inauguration of the Polytechnic Institute of Lueji A’Nkonde University. Minister Azevedo noted that the South African mining giant’s

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Local News Oil

Angola’s Oil Production Falls Below 1 Million Barrels Amid Revenue Pressure

Angola Crude Oil Production Dips Below 1 Million Barrels per Day in July, Raising Revenue Concerns Angola’s crude oil production fell below 1 million barrels per day in July, reaching its lowest level since March 2023. According to the National Agency for Petroleum and Gas (ANPG), output dropped to 998,757 barrels per day, missing the government’s projection of 1.07 million barrels. The decline poses a risk to Angola’s revenue targets, especially as oil prices trade

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Diamonds Economy International News

Namibia’s Diamond Beneficiation Strategy Generates N$3.4 Billion in 2024

Namibia Diamond Sales Reach N$3.4 Billion in 2024 Through Local Beneficiation Program Namibia’s diamond beneficiation strategy generated N$3.4 billion in rough diamond sales to 13 local Sightholders in 2024, according to the De Beers Group’s latest Sustainability Report. The sales were conducted through the Namibia Diamond Trading Company (NDTC), a 50:50 joint venture between De Beers and the Namibian Government. “Namibia’s beneficiation highlights include $191 million in sales of rough diamonds to 13 local Sightholders

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International Economy Gas News

Economist Advocates for Gas Development to Boost Namibia’s Economy

Namibia Should Prioritize Gas Over Oil to Create Jobs and Drive Economic Growth, Says Economist Economist Robin Sherbourne has urged Namibia to place greater emphasis on gas development, arguing it offers far more potential for job creation and local economic benefits than oil. Speaking on BW Energy’s Kudu gas project, Sherbourne noted that while oil may generate significant government revenue, it creates limited direct employment opportunities. In contrast, gas development can play a transformative role

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International News Oil

Uganda Partners with Alpha MBM to Build Crude Oil Refinery in Hoima

Uganda Signs Deal with Alpha MBM to Construct Multi-Product Oil Refinery in Hoima District Uganda has signed a major agreement with Alpha MBM Investments to develop a crude oil refinery in Kabaale, Hoima District, marking a significant step toward energy self-sufficiency. President Yoweri Museveni emphasized that the project goes beyond fuel production, highlighting Uganda’s goal to refine and export its own petroleum products rather than relying on imports. He stressed the importance of adding value

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Corporate News International Renewable Energy

GSU Launches 50MW Solar Plant in Central African Republic to Boost Renewable Energy Access

GSU Begins Construction of 50MW Solar PV Plant in Sakaï to Power 300,000 Homes and Reduce Carbon Emissions GSU has commenced construction of a 50-megawatt solar photovoltaic (PV) plant in Sakaï, Central African Republic (CAR), aiming to expand electricity access and accelerate the country’s transition to renewable energy. The new plant is expected to provide electricity to more than 300,000 households and reduce over 50,000 tons of carbon emissions annually. It will feature a 10-megawatt-hour

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International News Oil

NNPC and Gas Suppliers Sign Long-Term Agreements to Boost NLNG Feedgas Supply

NNPC, NLNG Sign 20-Year Gas Supply Agreements to Strengthen Nigeria’s Energy Security and Support Gas Industrialization NNPC Ltd and five upstream gas suppliers have signed long-term Gas Supply Agreements (GSAs) with the Nigeria Liquefied Natural Gas (NLNG) Company, securing 1.29 billion standard cubic feet (bscf) of feedgas per day. The agreements, which include extension options, were signed with SNEPCO-Sunlink HI, TEPNG-AMNI JV IMA, NNPCL-First E&P JV, SNG NGML, Oando-NNPC E&P, and TEPNG JV Ubeta. NLNG

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