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…
Diamonds International News

WFDB President Calls for United Action to Protect Natural Diamond Market Amid Lab-Grown Surge

WFDB Urges Global Diamond Industry to Defend Natural Diamonds as Lab-Grown Sales Surge The World Federation of Diamond Bourses (WFDB) President Yoram Dvash has voiced serious concern over the rapid rise of synthetic diamonds, warning that their growing market share poses a significant threat to the value, perception, and future of natural diamonds. Dvash described the rise of lab-grown diamonds as a “meteoric” shift. What began as a marginal trend has turned into an overwhelming

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Transport and Logistics Local News

Lobito Rail Project Gains U.S. Momentum as Gateway for Africa’s Copper and Cobalt

U.S. Supports Lobito Corridor Rail Project Linking DRC, Angola, and Zambia to Accelerate Mineral Exports The United States has reaffirmed its commitment to advancing the Lobito Corridor—a transformative rail project that will connect the Democratic Republic of Congo (DRC), Angola, and Zambia—in a move aimed at boosting regional trade and unlocking economic opportunities. Speaking in a recent interview, U.S. Ambassador to the DRC, Lucy Tamlyn, described the Lobito Corridor as a powerful lever for economic

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Corporate News Gas International

Aliko Dangote Plans to Reduce Cooking Gas Prices in Nigeria by Bypassing Distributors

Aliko Dangote Vows to Cut Cooking Gas Prices, May Sell LPG Directly to Nigerians Aliko Dangote, President of the Dangote Group, has unveiled plans to reduce the cost of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, across Nigeria. He warned that if distributors continue to inflate prices, his company will begin selling directly to consumers. Dangote made this announcement during a recent tour of the Dangote Refinery in Lekki, Lagos, attended by both

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International News Oil

Uganda Advances Energy Strategy with New Oil Refinery and Workforce Development

Uganda Partners with UAE Firm to Build Oil Refinery and Boost Skilled Workforce in Energy Sector Uganda is strengthening its national oil strategy by launching a domestic crude oil refinery to complement its export-oriented projects. A new agreement with a UAE-based company will lead to the construction of this key facility, with ownership shared between the foreign investor and the Uganda National Oil Company (UNOC). Construction is expected to commence soon, and the refinery is

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International Corporate News Oil Petroleum

Aiteo Signs Landmark Deal to Build 240,000 bpd Refinery in Mozambique

Aiteo to Build $240K bpd Refinery in Mozambique, Boosting Fuel Supply and Regional Energy Trade Aiteo, one of Africa’s leading energy companies, has signed a landmark engineering, procurement, and construction (EPC) agreement to develop a 240,000 barrels-per-day (bpd) oil refinery in Mozambique. The project is set to dramatically increase domestic fuel production, reduce reliance on imports, and position Mozambique as a key energy hub in Southern Africa. The announcement was made during a signing ceremony

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Local News Transport and Logistics

Angola’s TAAG Airlines to Acquire Boeing 787s in $297M U.S.-Backed Deal

Angola’s TAAG Secures $297M EXIM-Backed Deal for Boeing 787 Jets to Boost Luanda’s New Aviation Hub Angola’s state-owned airline, TAAG Angola Airlines, is set to acquire Boeing 787-10 wide-body aircraft and General Electric Aerospace engines through a $297 million financing package backed by the U.S. Export-Import Bank (EXIM). The agreement, announced Wednesday, will support the delivery of new aircraft and spare engines while strengthening U.S. manufacturing jobs and Angola’s aviation infrastructure. According to Bloomberg, the

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Gold International News

Ghana Plans Gold Export Hedging to Safeguard Reserves

Ghana to Hedge Gold Exports and Regulate Cryptocurrency to Protect Forex Reserves and Ensure Monetary Stability Ghana is preparing to hedge its gold exports in a strategic move to protect the foreign exchange earnings that have significantly strengthened the country’s central bank reserves, according to Bank of Ghana Governor Johnson Asiama. Speaking at an event in Accra, Asiama highlighted that rising gold production and strong global prices have helped push Ghana’s gross international reserves to

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Corporate News International Oil

Dangote Warns Against Africa Becoming a Dumping Ground for Substandard Fuel

Dangote Urges Africa to End Fuel Imports and Boost Local Refining Capacity Aliko Dangote, President of Dangote Industries Limited, has voiced serious concerns over Africa’s growing dependence on imported fuel, warning that the continent risks becoming a dumping ground for substandard petroleum products. Speaking about the motivation behind the $20 billion Dangote Refinery, Dangote said the project was driven by a commitment to help Nigeria achieve energy self-sufficiency and to inspire similar industrial development across

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International News Oil

Egypt’s Diesel Imports Surge to Record Highs Amid Summer Power Crunch

Egypt’s Diesel Imports Hit Record Levels in July, Tightening Global Supply and Fueling European Shortage Egypt is ramping up diesel imports to record levels in July as it scrambles to secure backup fuel for power generation amid soaring summer electricity demand. The country’s aggressive diesel buying spree is now impacting global fuel markets—especially in Europe, where supplies are tightening rapidly. According to data from energy analytics firm Vortexa Ltd., cited by Bloomberg, Egypt imported over

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International Corporate News Oil

Kenya Extends Deadline for Lokichar Oil Project as Gulf Energy Prepares New Development Plan

Kenya Pushes Oil Production Timeline to 2025 as Gulf Energy Revises Lokichar Field Development Plan Kenya’s ambition to become a commercial oil producer has taken a new turn, as the Energy and Petroleum Regulatory Authority (EPRA) has granted Tullow Oil and Gulf Energy an extension to submit their revised Field Development Plan (FDP). This critical document will shape how crude oil from the Lokichar Basin is extracted, transported, and marketed. The extension, now running through

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