Vital Industry News
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 Angola and South Korea Deepen Energy Partnership to Boost Power Sector Investment Angola Calls for Stronger Natural Gas Cooperation and Sustainable Resource Development Angola Generates $8.33 Billion from Oil Exports in Third Quarter Tanzania Signals Interest in Angola’s Lobito Refinery Project Tanzania Strikes Major Natural Gas Discovery as Energy Ambitions Gain Momentum Angola Approves New Mining Projects as Government Updates Concession Portfolio TotalEnergies Completes $800 Million Divestment of Nigerian Oil Assets While Retaining Key Gas Interests XRG Explores Strategic Entry into Libya Through Potential Stake in Eni’s Energy Assets
International News Renewable Energy

Egypt Secures Initial Financing for Scatec’s $650 Million Solar Power Project

Petroleum Local News Oil

Angola’s Fuel Import Bill Nears $1 Billion in Third Quarter Despite Refining Expansion Plans

Local Energy News

Angola and South Korea Deepen Energy Partnership to Boost Power Sector Investment

More Angolan Mining News

International News Renewable Energy

Egypt Secures Initial Financing for Scatec’s $650 Million Solar Power Project

Egypt Advances Renewable Energy Ambitions with Preliminary Financing for $650 Million Scatec Solar Project Egypt…
Petroleum Local News Oil

Angola’s Fuel Import Bill Nears $1 Billion in Third Quarter Despite Refining Expansion Plans

Angola Spends Nearly $1 Billion on Fuel Imports in Q3 as Government Pushes Refining Capacity…
Local Energy News

Angola and South Korea Deepen Energy Partnership to Boost Power Sector Investment

Angola and South Korea Strengthen Electricity Sector Cooperation to Accelerate Energy Infrastructure Investment Angola and…
Local Gas News

Angola Calls for Stronger Natural Gas Cooperation and Sustainable Resource Development

Diamantino Azevedo Urges Greater Natural Gas Cooperation to Drive Sustainable Growth Across Producing Nations Angola’s…
Local Economy News Oil

Angola Generates $8.33 Billion from Oil Exports in Third Quarter

Angola’s Oil Export Revenue Reaches $8.33 Billion in Q3 as Energy Sector Remains Economic Backbone…
Local News Oil

Tanzania Signals Interest in Angola’s Lobito Refinery Project

Tanzania Eyes Partnership in Angola’s Lobito Refinery as Regional Energy Cooperation Gains Momentum Tanzania has…
Corporate News Gas International

ReconAfrica Identifies Liquid-Potential Gas at Namibia’s Kavango Well

ReconAfrica Finds Thermogenic Gas with Liquid Potential at Kavango West Well in Namibia Reconnaissance Energy Africa (ReconAfrica) has identified thermogenic natural gas with liquid potential at its Kavango West 1X Sidetrack (KW1X) discovery well in northeastern Namibia. Flow-test samples from the Huttenberg and Elandshoek formations indicated gas with maturity ranging from the late oil to early gas window. The results support the presence of a potentially liquids-rich petroleum system, although further testing is required to

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International Corporate News Gas

TotalEnergies Delays Venus FID Timeline as Azerbaijan Gas Project Gets Approval

TotalEnergies Gives No New FID Date for Namibia’s 750-Million-Barrel Venus Oil Project TotalEnergies has given no new timeline for the final investment decision (FID) on its Venus oil development offshore Namibia, despite continuing to identify the country as an important part of its long-term oil and gas portfolio. The French energy major had previously targeted an FID for Venus in 2026, but its latest strategy update did not provide a revised date. The company said

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International Gas News Oil

Namibia’s Oil and Gas Sector Attracts N$74.4 Billion in Foreign Investment

Namibia Oil and Gas Sector Attracts N$74.4 Billion FDI as Bank of Namibia Urges First-Oil Readiness Namibia’s oil and gas sector attracted about N$74.4 billion in foreign direct investment between 2021 and 2025, accounting for roughly 56% of the country’s total FDI inflows, according to the Bank of Namibia (BoN). The figures were presented by BoN Director of Research and Financial Sector Development Dr Emma Haiyambo at the central bank’s 27th Annual Symposium as part

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International Energy Expos & Events Sponsored

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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International Diamonds News

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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Transport and Logistics Local News

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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Local Mining News

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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Local Mining Projects News Oil

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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Local Energy News

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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Local Gas News

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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