ANGOP Strengthens Its Role in Promoting Angola’s Growing Mining Sector

ANGOP Emerges as Key Voice in Angola’s Mining Sector Development The contribution of the Angola Press Agency (ANGOP) to the promotion and dissemination of information about Angola’s mining sector has been recognised as an important tool for strengthening the industry’s visibility and supporting investment. The recognition comes as Angola continues efforts to diversify its economy and position mining as a key driver of economic growth. The sector has significant potential in diamonds, gold, iron ore,

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Lobito Corridor Inspires Plans for Lagos-Dakar Transport Link

Lobito Corridor Sparks Plans for New Lagos-Dakar Trade and Transport Link The success and growing strategic importance of Angola’s Lobito Corridor is inspiring plans for a new transport and trade link connecting Lagos in Nigeria to Dakar in Senegal. The proposed Lagos-Dakar connection would strengthen economic integration across West Africa by improving the movement of goods, people and services between major commercial centres along the Atlantic coast. The initiative reflects growing interest in developing interconnected

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Anglo American Nears $1bn Sale of De Beers as Diamond Crisis Deepens

Anglo American in Talks to Sell De Beers for About $1bn as Diamond Market Struggles Anglo American is in discussions to sell its De Beers diamond business for about $1 billion, a fraction of the value attached to the company when it was once the world’s dominant diamond producer. Anglo American has been seeking to divest De Beers since rejecting BHP Group’s nearly $50 billion takeover approach in 2024. However, the sale process has been

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Tanzania’s Taifa Gas Nears Completion of $124m Kenya LPG Terminal

Rostam Aziz’s $124m LPG Terminal Set to Disrupt Kenya’s Cooking Gas Market Taifa Gas, controlled by Tanzanian billionaire Rostam Aziz, is nearing completion of a $124-million liquefied petroleum gas (LPG) terminal in Mombasa, Kenya, in a move that could significantly increase competition in the country’s cooking gas market. The 30,000-tonne facility is being developed at the Dongo Kundu Special Economic Zone near the Port of Mombasa. It includes 12 spherical storage tanks and can potentially

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Nigeria Awards 37 Oil and Gas Blocks as Frontier Basins Attract Investor Interest

Nigeria Awards 37 Oil Blocks to 31 Firms as Frontier Basins Attract Investors Nigeria has awarded 37 oil and gas blocks to 31 companies as the country seeks to attract investment, increase exploration and strengthen its petroleum reserves. The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said 143 companies submitted 200 bids for the 37 blocks during the 2025 licensing round. The awarded assets include 16 blocks in the Niger Delta onshore, 18 in shallow waters

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Namibia Rejects N$4bn Ghanaian-Led Oil and Gas Port Project

Namibia Rejects N$4bn Oil and Gas Base Proposed by Ghanaian Entrepreneur Jory Adu-Boahene Namibia’s plans to develop an oil and gas supply base at the Port of Lüderitz have hit a setback after the Namibia Ports Authority (Namport) rejected a N$4-billion proposal led by Ghanaian entrepreneur Jory Adu-Boahene. The proposed development was intended to expand Lüderitz’s capacity to support Namibia’s emerging offshore oil and gas industry, which has attracted significant international interest following major discoveries

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Ghana Allocates $430m to Gold Board to Strengthen National Gold Reserves

Ghana Gives GoldBod $430m to Boost Gold Purchases and Build National Reserves Ghana has approved a 5-billion cedi ($430 million) allocation to the Ghana Gold Board (GoldBod) to finance domestic gold purchases as the country seeks to strengthen its reserves and retain more value from its gold industry. The funding will enable GoldBod to increase purchases of locally produced gold, particularly from artisanal and small-scale miners, as part of the government’s broader strategy to formalise

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Dangote Refinery Reinstates Naira Petrol Sales After Dollar Pricing Shift

Dangote Refinery Restores Naira Petrol Sales at N1,215 per Litre After Dollar Pricing Dangote Petroleum Refinery has reversed its decision to sell Premium Motor Spirit (PMS), commonly known as petrol, in US dollars, restoring naira-denominated sales at its loading gantry in Nigeria. The refinery has set its new ex-depot price at N1,215 per litre, an increase of N140, or 13%, from the previous price of N1,075 per litre. The move follows a week of uncertainty

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Eni and Petronas Begin Development of $11.8bn Indonesia Gas Project

Eni and Petronas Start $11.8bn North Hub Gas Project in Indonesia Searah, the joint venture between Italy’s Eni and Malaysia’s Petronas, has started developing a floating gas processing facility for its $11.8-billion North Hub project in Indonesia. The company held a first steel-cutting ceremony on Thursday to mark the start of construction of a Floating Production, Storage and Offloading (FPSO) vessel that will process gas from 16 wells at the Geng North and Gehem fields.

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Petra Diamonds Revenue Falls to $38 Million as Finsch Mine Rescue Process Continues

Petra Diamonds Revenue Drops to $38 Million as Debt Rises and Finsch Mine Remains Suspended London-listed Petra Diamonds reported a sharp decline in fourth-quarter revenue as financial pressure and operational challenges continued across the business. Revenue for the fourth quarter of the 2026 financial year fell to $38 million from $68 million in the third quarter, while consolidated net debt increased to $322 million as at June 30, from $298 million at March 31. The

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