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International Gas News

Morocco to Begin Construction of $6 Billion Nigeria Gas Pipeline in July

22, July, 202522, July, 2025

Morocco Set to Launch $6 Billion Phase of Nigeria-Morocco Gas Pipeline Project in July 2025 Morocco is set to break ground this July on the $6 billion first phase of the ambitious Nigeria-Morocco Gas Pipeline, a transformative infrastructure project that will stretch more than 5,000 kilometers across West Africa. The pipeline aims to transport natural gas from Nigeria to Morocco, passing through 11 African nations and eventually supplying energy to both African and European markets.

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Diamonds Economy International News

Botswana Faces Currency Pressure as Diamond Revenues Collapse

22, July, 202522, July, 2025

Botswana May Devalue Pula Again Amid 49% Diamond Revenue Drop and Weakening Forex Reserves Citigroup Inc. has issued a warning that Botswana may be forced to devalue its currency once more as falling diamond revenues—the cornerstone of the nation’s economy—put increasing pressure on fiscal and monetary stability. Earlier this month, the Bank of Botswana revised its exchange rate policy, allowing the pula to depreciate by up to 2.76% against a weighted basket of currencies in

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International Gas News Oil

Zambia Inks $1.1 Billion Deal for Oil Refinery and Energy Hub in Ndola

22, July, 202522, July, 2025

Zambia to Build $1.1 Billion Oil Refinery in Ndola to Cut Fuel Imports and Boost Exports Zambia has signed a landmark $1.1 billion agreement to construct a crude oil refinery and integrated energy complex in Ndola, located in the country’s Copperbelt Province, the government announced Monday. The project, aimed at reducing Zambia’s heavy reliance on imported fuel, will be developed through a partnership between the state-owned Industrial Development Corporation (IDC) and China’s Fujian Xiang Xin

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International Gold

Sudan’s Gold Production Hits Record 64 Tonnes in 2024 Despite War and Economic Collapse

22, July, 202522, July, 2025

Sudan’s Gold Boom Amid Chaos: A Lifeline or a Lost Opportunity? Despite a devastating civil conflict, Sudan’s gold production soared to a record 64 tonnes in 2024—marking a 53% increase from 41.8 tonnes in 2022. According to the Sudanese Mineral Resources Company (SMRC), this growth generated $1.57 billion in legal export revenue, providing a crucial lifeline to the nation’s embattled economy. The figures were announced by SMRC Director Mohamed Tahir Omer during a press briefing

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International News Oil

East African Crude Oil Pipeline Hits 64.5% Completion, Driving Regional Growth

21, July, 202521, July, 2025

EACOP Pipeline Reaches 64.5% Completion, Generates $19.5 Million for Tanzania The East African Crude Oil Pipeline (EACOP), also known as the Uganda–Tanzania Crude Oil Pipeline (UTCOP), has reached a major implementation milestone, with 64.5% of construction now complete. The $5 billion cross-border infrastructure project has already generated over TSh50 billion (approximately $19.5 million) in revenue for Tanzania through taxes, levies, and construction-related charges. Spanning 1,443 kilometers, EACOP is set to become the world’s longest heated

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Corporate News Diamonds

Botswana Pushes Back on Anglo American Over De Beers Sale Amid Transparency Concerns

21, July, 202521, July, 2025

Botswana Challenges Anglo American’s De Beers Sale Over Lack of Consultation Botswana has expressed strong dissatisfaction with Anglo American’s handling of the potential sale of its stake in De Beers, citing a lack of proper consultation, according to sources familiar with the matter. Anglo American is offloading De Beers as part of a broader restructuring strategy announced by CEO Duncan Wanblad, following the company’s successful defense against a takeover attempt by BHP Group last year.

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Diamonds International News

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

21, July, 202521, July, 2025

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

18, July, 202518, July, 2025

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

18, July, 202518, July, 2025

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

18, July, 202518, July, 2025

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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