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Local News Partnerships

Angola and UAE Strengthen $2.2B Non-Oil Trade Partnership with New Transport and Logistics Projects

29, August, 202529, August, 2025

Angola–UAE Non-Oil Trade Hits $2.2 Billion, Boosting Logistics and Transport Growth Non-oil trade between Angola and the United Arab Emirates (UAE) reached US$2.2 billion in 2024, marking a 36% increase compared to 2019. This milestone reflects growing mutual trust, rising investment opportunities, and the consolidation of a long-term strategic alliance between the two nations. As part of this deepening partnership, new memorandums of understanding were signed with AD Ports Group to modernize Angola’s port and

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Local Corporate News Transport and Logistics

AD Ports Group Strengthens Angola’s Transport and Logistics Sector with New Strategic Agreements

29, August, 202529, August, 2025

AD Ports Group and Angola Partner to Launch Digital Logistics Platform and Expand Truck Fleet The Ministry of Transport of the Republic of Angola has taken a major step toward modernizing the nation’s logistics sector through a series of strategic agreements signed with AD Ports Group. These agreements include the development of a Single Digital Logistics Window and the expansion of Angola’s national truck fleet, both critical initiatives to enhance efficiency and competitiveness. In addition

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Corporate News International Oil

Dangote Battles Domestic Oil Mafia as Nigeria Faces International Crude Theft Syndicates

28, August, 202528, August, 2025

Nigeria’s Oil Industry Under Siege from International Syndicates and Domestic “Oil Mafia” Nigeria’s oil sector, the backbone of Africa’s largest economy, is facing serious threats both internally and externally. While the Nigerian National Petroleum Company Limited (NNPC) warns of sophisticated international criminal gangs looting crude oil, Aliko Dangote, CEO of Africa’s largest oil refinery, is confronting a powerful domestic “oil mafia.” At the Africa Chief of Defence Staff Conference in Abuja, NNPC’s Group CEO, Bashir

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Corporate News International

Dangote Expands Into Petrochemicals Through Strategic Japanese Partnership

28, August, 202528, August, 2025

Aliko Dangote Partners with Mitsui Chemicals to Launch Africa’s Largest Petrochemical Venture Africa’s richest man, Aliko Dangote, is expanding his industrial footprint beyond oil refining into the global petrochemical sector through a new partnership with Japanese chemical giant Mitsui Chemicals. The deal, announced at the Tokyo International Conference on African Development (TICAD) in Yokohama, aims to encourage wider Japanese corporate participation in Africa’s petrochemical market and marks a major diversification move for Dangote Industries. Under

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International News Renewable Energy

Surge in Chinese Solar Panel Imports Transforms Africa’s Energy Landscape

28, August, 202528, August, 2025

African Solar Imports from China Soar 60%, Nigeria Overtakes Egypt as Second-Largest Market African nations are rapidly scaling up solar adoption, with imports of Chinese solar panels surging 60% in the 12 months through June, according to data from climate think tank Ember. China, which manufactures 80% of the world’s solar panels, remains the dominant global supplier. Over the period, 25 African countries imported at least 100 megawatts of solar capacity, compared with just 15

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International News Oil

South Korea’s $100 Billion US Energy Deal Threatens Nigeria’s Oil Exports

28, August, 202528, August, 2025

Nigeria’s Oil Exports to Asia at Risk as South Korea Boosts $100 Billion US Energy Imports Nigeria’s crude oil exports to Asia face renewed pressure after South Korea signed a $100 billion agreement to purchase US energy over the next four years, strengthening competition in one of Africa’s most critical markets. The deal, concluded during President Lee Jae-myung’s state visit to Washington, cements Seoul’s role as the largest Asian buyer of US crude. South Korea

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Corporate News International Oil

Dangote Refinery Reshapes West and Central Africa’s Fuel Market

28, August, 202528, August, 2025

Dangote Refinery Ends Nigeria’s Fuel Import Dependence, Boosts Exports Across Africa and Beyond The Dangote Petroleum Refinery has emerged as a game-changer in West and Central Africa’s energy landscape, ending decades of dependence on imported petroleum products and positioning Nigeria as a net exporter of refined fuels. With a processing capacity of 650,000 barrels per day, the refinery is the largest in Africa and has rapidly transformed regional trade flows. Since operations began, it has

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International Gold News

Burkina Faso Boosts Mining Revenues as Govt Raises Equity in West African Resources to 15%

28, August, 202528, August, 2025

Burkina Faso Increases Stake in West African Resources’ Gold Projects Under New Mining Code Burkina Faso’s largest gold producer and one of its biggest foreign investors, West African Resources (WAF), has implemented the revised 2024 mining code, raising the government’s free carried equity in its gold projects from 10% to 15%. The adjustment was confirmed in WAF’s interim financial report for the first half of 2025. WAF executive chairman Richard Hyde said the equity transfer

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Diamonds Local News

Angola Surpasses Botswana in Diamond Production Value After 20 Years of Dominance

28, August, 202528, August, 2025

Angola Overtakes Botswana as World’s Top Diamond Producer for First Time in Two Decades For the first time in 20 years, Botswana has lost its crown as the world’s leading diamond producer by value, with Angola edging ahead in 2024, according to data from the Kimberley Process (KP). Botswana’s diamond output fell sharply to 18.13 million carats worth US$1.36 billion in 2024, down 27.8% in volume and 58.6% in value from the previous year. By

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International News Oil Petroleum

DRC Oil Prices Record Modest Weekly Gain but Remain on Downward Trend

28, August, 202528, August, 2025

DRC Oil Prices Rise 1.8% to $67.7 per Barrel Despite Yearly Decline The price of a barrel of oil, one of the Democratic Republic of Congo’s (DRC) key export commodities, rose to US$67.7 on August 22, 2025, up from US$66.9 the previous week, marking a 1.8% increase, according to the Central Bank of Congo’s latest economic report. As of August 21, oil prices were still 9.1% lower than at the end of 2024 and down

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