Africa’s Capital Base Steps Up to Finance the Next Energy Build-Out at AEW 2026

Africa’s energy investment gap is increasingly being addressed through a broader pool of African financial institutions, regional lenders and private investors.  With the continent’s energy finance gap estimated at between $31 billion and $50 billion, the ability to turn available capital into bankable projects is becoming a central issue for governments and developers. African Energy Week (AEW) 2026, taking place October 12–16 in Cape Town, will put that challenge at the heart of its Energy

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HB Antwerp Restructures Botswana Operations After Rough Diamond Supply Deal Fails

HB Antwerp Restructures Botswana Operations After ODC Diamond Supply Deal Fails Belgian diamond trader HB Antwerp is restructuring and scaling back its Botswana operations after failing to secure a planned supply of rough diamonds from state-owned Okavango Diamond Company (ODC). HB Antwerp Managing Partner Boaz Lev said the company was resizing its operations to reflect the availability of diamonds, after an agreement announced in 2023 failed to materialise. Under the proposed arrangement, announced by former

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USTDA Backs Power Study for Lobito Corridor in Zambia and DRC

USTDA Funds US$3 Million Power Study for Zambia-DRC Lobito Corridor The US Trade and Development Agency (USTDA) has signed an agreement with Anzana Electric Group to fund a feasibility study aimed at improving electricity supply across Zambia’s North-Western Province and the Democratic Republic of Congo’s (DRC) Lualaba Province. The study will assess opportunities to expand hydropower generation, rehabilitate existing power assets and upgrade electricity distribution networks serving copper and cobalt mining operations along the Lobito

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Angola Seeks to Deepen Australian Investment in Mining Sector

Australian Investors Eye Angola’s Critical Minerals and Mining Opportunities Angola has positioned itself as an emerging destination for Australian investment, particularly in mining and critical minerals, as the country seeks to attract international capital and expand development of its mineral resources. Speaking at the first Australia–Angola Business Forum in Perth, Australian businessman Stephen Lee Wetherall described Angola as a safe and recommendable destination for Australian private investment in Africa. Wetherall, who has worked in Angola

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Angola Positions Cubango as New Frontier for Mining and Oil Investment

Cubango Emerges as Angola’s New Mining and Oil Exploration Frontier Angola has identified Cubango Province as an emerging frontier for mining and oil investment as the government seeks to unlock new resource potential and diversify the country’s economy. Minister of Mineral Resources, Oil and Gas Diamantino Azevedo said Cubango had significant geological potential, particularly for copper and cobalt, while exploration had also indicated the presence of iron, gold and lead. The province forms part of

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Angola Accelerates Electrification as Half of Population Remains Without Power

Angola Targets Wider Electricity Access Through Grid Expansion and Regional Interconnections About half of Angola’s population remained without access to electricity, highlighting the scale of the country’s electrification challenge despite growing power-generation capacity. Energy and Water Minister João Baptista Borges said the government was prioritising nationwide electrification, with public investment directed towards extending electricity access to underserved communities. Borges said Angola also needed to make greater use of its available generation capacity. The country currently

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Angola Targets US$13 Billion Investment to Build Gas-Based Industries

Angola Gas Master Plan Targets US$13 Billion Across Five Industrial Hubs Angola has unveiled a gas investment plan worth more than US$13 billion aimed at developing infrastructure and industries around the country’s natural gas resources. The Gas Master Plan, presented by the National Agency of Petroleum, Gas and Biofuels (ANPG) during the 2026 Angola Oil & Gas Conference in Luanda, identified five industrial hubs in Cabinda, Soyo, Porto Amboim, Benguela and Namibe. Of the planned

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Angola Pushes for Greater Local Value in Oil and Gas Sector

BRIMONT CEO Calls for Stronger Angolan Participation in Oil and Gas Industry Angolan companies remain underrepresented in the country’s oil and gas industry despite growing technical capacity and an increasing number of locally qualified and certified firms, according to BRIMONT CEO Francisco Monteiro. Speaking after the 2026 Angola Oil & Gas Conference and Exhibition in Luanda, Monteiro said the country had made progress in developing local companies capable of meeting international industry standards. However, he

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Angola Expands Diamond Value Addition with New Saurimo Factory

Seventh Diamond Cutting and Polishing Factory Set to Open in Angola’s Saurimo Angola was preparing to open its seventh diamond cutting and polishing factory at the Saurimo Diamond Development Hub (PDDS) in Lunda Sul Province, further expanding the country’s domestic diamond processing capacity. The announcement was made by Minister of Mineral Resources, Oil and Gas Diamantino Azevedo during the Forum on Investment in the Mining and Oil Sectors in Menongue. The minister said the new

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Zambia Targets Rail Investment to Support Higher Production

Zambia Eyes TAZARA and Lobito Rail Upgrades to Move 3 Million Tonnes of Copper Zambia will need significant investment in railway infrastructure to support its ambitious production and export targets, Finance and National Planning Minister Situmbeko Musokotwane has said. Musokotwane said the country could not rely on road transport alone to move the volumes of agricultural and mineral commodities it plans to produce. Zambia is targeting annual production of 10 million tonnes of maize, three

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