Vital Industry News
Tanzania and Angola Move to Link Indian and Atlantic Ocean Trade Corridors by Rail ExxonMobil Expands Stake in Mozambique’s Rovuma LNG Project Ahead of Final Investment Decision Angola’s Economy Gains Momentum as Reforms and Investment Drive Stronger Growth Angola Ranks Among the World’s Top Three Diamond Producers in 2025 Mailo Solar Expansion Set to Boost Zambia’s Renewable Energy Capacity Zambia Launches Solar Financing Initiative Targeting 120,000 Households Construction Begins on Zambia’s 56MWp Kafue Solar Project Pumangol Unveils App-Based Self-Service Fueling System in Angola Egypt Secures Initial Financing for Scatec’s $650 Million Solar Power Project Angola’s Fuel Import Bill Nears $1 Billion in Third Quarter Despite Refining Expansion Plans
Local News Transport and Logistics

Tanzania and Angola Move to Link Indian and Atlantic Ocean Trade Corridors by Rail

International Corporate News Oil

ExxonMobil Expands Stake in Mozambique’s Rovuma LNG Project Ahead of Final Investment Decision

Local Economy News

Angola’s Economy Gains Momentum as Reforms and Investment Drive Stronger Growth

More Angolan Mining News

Local News Transport and Logistics

Tanzania and Angola Move to Link Indian and Atlantic Ocean Trade Corridors by Rail

Tanzania and Angola Advance Rail Partnership to Connect East and West African Trade and Mining…
International Corporate News Oil

ExxonMobil Expands Stake in Mozambique’s Rovuma LNG Project Ahead of Final Investment Decision

ExxonMobil Raises Rovuma LNG Stake to 50% as Mozambique’s US$30 Billion Gas Megaproject Moves Closer…
Local Economy News

Angola’s Economy Gains Momentum as Reforms and Investment Drive Stronger Growth

AfDB Sees Angola’s Growth Accelerating as Economic Reforms Boost Stability and Investment Angola’s economy is…
Diamonds Economy Local

Angola Ranks Among the World’s Top Three Diamond Producers in 2025

Angola Becomes World’s Third-Largest Diamond Producer with 15.2 Million Carats in 2025 Angola has cemented…
International News Renewable Energy

Mailo Solar Expansion Set to Boost Zambia’s Renewable Energy Capacity

Second Phase of Mailo Solar Project Strengthens Zambia’s Clean Energy Ambitions Zambia’s renewable energy sector…
International News Renewable Energy

Zambia Launches Solar Financing Initiative Targeting 120,000 Households

World Bank-Backed Solar Financing Programme Aims to Expand Energy Access to 120,000 Zambian Homes Zambia…
International Corporate News Diamonds

Kenzoll Capital Partners with MSF Commercials to Revive Namibia’s Elizabeth Bay Diamond Mine

Namibia’s Elizabeth Bay Mine Targets Restart Under US$50 Million Investment Plan Dutch private equity and special situations investor Kenzoll Capital has partnered with Namibian-registered MSF Commercials to restart operations at the Sperrgebiet Diamond Mine, formerly known as the Elizabeth Bay Mine, near Lüderitz in southern Namibia. The project aims to revive the historic diamond operation, which has been largely inactive since 2018, while exploring opportunities to develop additional mineral resources. Following regulatory approvals, the investment

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International Oil Petroleum Transport and Logistics

Botswana Receives First Petroleum Cargo from Oman via Mozambique

Botswana Diversifies Fuel Supply Routes with First Oman Petroleum Cargo Botswana has taken a significant step towards strengthening its energy security after receiving its first petroleum cargo from Oman through the Port of Matola in Mozambique on 9 October 2026. Botswana Oil Limited (BOL) announced the milestone, which involved receiving a petroleum cargo from OQ Trading, an Omani energy trading company. The development marked progress in Botswana’s efforts to diversify its petroleum supply sources and

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International Gas Oil

Liberia Opens 2026 Offshore Licensing Round to Attract Oil and Gas Investment

Liberia Offers 14 Offshore Blocks as 2026 Licensing Round Targets Deepwater Exploration Investment Liberia has advanced its efforts to attract investment into offshore oil and gas exploration through its 2026 licensing round, offering prospective investors access to geological data covering the Liberia and Harper basins. The Liberia Petroleum Regulatory Authority (LPRA) is leading the licensing process, supported by more than 50,000 line-kilometres of two-dimensional (2D) seismic data and over 31,000 square kilometres of three-dimensional (3D)

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International Corporate News Oil

Tullow Oil Secures Rig Contract for Ghana’s Next Drilling Campaign

Tullow Oil Plans Up to 10 New Wells in Ghana Under 2027–2028 Drilling Programme Tullow Oil has signed a rig contract to drill up to 10 wells in Ghana under its 2027–2028 drilling programme, as the company seeks to sustain production and identify further development opportunities at its offshore oilfields. The rig is expected to arrive in Ghana around mid-2027. Tullow plans to use four-dimensional (4D) seismic data, alongside additional information from an Ocean Bottom

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International Corporate News Oil

Viridien and ONHYM Partner to Advance Morocco’s Hydrocarbon Exploration

Viridien and Morocco’s ONHYM Join Forces to Improve Subsurface Data and Unlock Exploration Opportunities Geoscience technology company Viridien has signed a multi-client collaboration agreement with Morocco’s Office National des Hydrocarbures et des Mines (ONHYM) to improve subsurface data analysis and support hydrocarbon exploration across the country’s onshore and offshore sedimentary basins. Announced on 7 October 2026, the agreement establishes a framework for the two organisations to develop integrated subsurface data and advanced analytics to improve

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International Corporate News Renewable Energy

Kamoa-Kakula Cuts Diesel Consumption by 40% with Solar Power

Ivanhoe Mines’ Kamoa-Kakula Copper Complex Reduces Diesel Use as 60 MW Solar-Battery System Reaches Full Capacity Kamoa-Kakula, the copper mining complex in the Democratic Republic of the Congo (DRC), has reduced diesel consumption by its on-site generators by 40% following the commissioning of new solar power and battery storage facilities. According to third-quarter results released by Ivanhoe Mines on 8 October 2026, diesel consumption fell by 40% in September compared with July as the solar

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International Corporate News Oil

DRC Approves Fuel Supply Framework Involving Dangote Refinery and SOCIR

DR Congo Plans US$100 Million UBA Credit Facility to Finance Fuel Imports from Dangote Refinery The Democratic Republic of the Congo (DRC) has approved a proposed fuel supply arrangement involving Nigeria’s Dangote refinery, the state-backed Congolese Refining Industries Company (SOCIR) and United Bank for Africa (UBA), as the government seeks to strengthen the country’s petroleum supply chain. The arrangement was approved by the Council of Ministers on 9 October 2026 following a proposal presented by

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Local News

Angola Approves US$569.9 Million for Jamba la Oma Hydroelectric Project

Angola Advances US$569.9 Million Jamba la Oma Hydropower Project in Huíla Province The Angolan government has approved expenditure of US$569.9 million to advance construction of the Jamba la Oma Hydroelectric Project in Huíla Province, as part of efforts to strengthen the country’s energy and water infrastructure. The approval is contained in Presidential Order No. 383/26, dated 5 October 2026, which authorises expenditure of US$569,932,239 for the project. The funding will be provided through external financing

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Oil News

Lobito Refinery Workers Strike Over Wages and Working Conditions

Angola’s Lobito Refinery Construction Workers Demand Salary Increase from 100,000 to 400,000 Kwanzas Workers involved in the construction of Angola’s Lobito Refinery in Benguela Province have staged a strike demanding higher wages and improved working conditions, following a breakdown in negotiations with their employer. According to a report by Lusa, citing striking worker Vitorino Faustino, hundreds of employees gathered outside Sonaref on 2 October to protest against a proposed salary increase they considered inadequate. The

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Local Energy News

AfDB Identifies Power Grid and Tariff Challenges Limiting Angola’s Energy Sector

Angola’s Electricity Access Reaches 51.1% as AfDB Flags Grid and Infrastructure Constraints Angola has made significant progress in expanding electricity generation and renewable energy, but weaknesses in power transmission, distribution and grid connectivity continue to limit access to electricity and constrain the sector’s economic potential, according to the African Development Bank (AfDB). The findings are contained in the bank’s Angola Development Effectiveness Review 2016–2025, presented in Luanda in September 2026 in partnership with the Ministry

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