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International Gas News

Egypt Boosts Zohr Gas Output by 60 Million Cubic Feet Daily After Successful Redrilling

30, June, 202530, June, 2025

Egypt has increased natural gas production at the Zohr field by 60 million cubic feet per day following the successful redrilling of the Zohr-6 well, according to the Ministry of Petroleum and Mineral Resources. With Zohr-6 now complete, drilling operations have moved to the Zohr-13 well, which is expected to add a further 55 million cubic feet per day to production, based on technical assessments. These developments represent a significant step forward in enhancing Egypt’s

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International News Renewable Energy

Namibia Breaks Ground on $90 Million Solar Plant to Cut Reliance on Energy Imports

30, June, 202530, June, 2025

Namibia’s state-owned power utility, NamPower, has commenced construction of the 100 MW Sores|Gaib Solar Power Plant, located approximately 33 kilometers from Rosh Pinah in the southern part of the country. The $90.3 million project is being financed in part by a $73 million loan from Germany’s development bank, KfW, with NamPower covering the remaining costs. Namibia has historically relied heavily on imported electricity. In 2022, the country sourced nearly 78% of its power from foreign

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Corporate News Diamonds International

Namibia’s TaTe Diamonds expands into U.S. market with Atlanta showroom

29, June, 202529, June, 2025

TaTe Diamonds, Namibia’s first fully Namibian-owned diamond company, has officially entered the United States market with the grand opening of its flagship showroom in Atlanta, Georgia. Located in Buckhead, Atlanta’s premier luxury district, the showroom marks a significant milestone in the company’s international expansion and brand visibility. The launch event drew distinguished Namibian and international guests, with Brent Eiseb, CEO of the Namibian Diamond Trading Company (NDTC), presiding over the ribbon-cutting ceremony. The Namibian delegation

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International News Oil

Namibia Offers Incentives to Accelerate Venus Oil Field Development Amid Push to Join Global Oil Producers

29, June, 202529, June, 2025

Namibia is preparing to introduce financial incentives to support the development of the Venus oil field, operated by TotalEnergies, as the country aims to become an oil producer within the next five years. The initiative was confirmed by Kornelia Shilunga, recently appointed Special Adviser and Head of the Upstream Petroleum Unit in the Namibian Presidency, who acknowledged the scale and financial demands of the deepwater project. “The government recognises the complexities and high costs associated

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Infrastructure Energy International News

Italy’s CDP Grants €250 Million Loan to AFC for African Infrastructure and Energy Projects

29, June, 202529, June, 2025

Africa Finance Corporation (AFC) has secured a €250 million (approximately USD 289.2 million) 10-year term loan from Cassa Depositi e Prestiti (CDP), Italy’s national promotional and development finance institution. The announcement was made on Friday, June 20, 2025. The financing will be directed toward infrastructure and renewable energy projects across the continent, with a particular emphasis on the Lobito Corridor—an ambitious rail project intended to boost trade and connectivity in Southern and Central Africa. The

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Local News Renewable Energy

Cuito Photovoltaic Plant to Begin Operations in July

27, June, 202527, June, 2025

The Cuito photovoltaic power plant, located in Angola’s Bié Province, is set to begin producing electricity in July, according to an announcement by the provincial governor, Celeste Adolfo. Speaking at the opening of the first ordinary meeting of the Social Concertation Council last Friday, the governor confirmed that the 14.6-megawatt facility is now complete and undergoing final technical tests before going live. Quoted by Angop, Governor Adolfo noted that the plant’s official delivery to the

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Diamonds Economy Local News

African Nations Sign Luanda Agreement to Protect and Promote Natural Diamonds

27, June, 202527, June, 2025

On Wednesday, several African countries signed the “Luanda Agreement,” a commitment to defend and promote natural diamonds. Under this pact, the signatory nations agreed to contribute 1 percent of their annual revenues from diamond sales to fund a global marketing initiative for the sector. The agreement was signed by the ministers of mineral resources from Angola, South Africa, Botswana, Namibia, and the Democratic Republic of Congo (DR Congo)—all key diamond-producing countries. The announcement was made

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Corporate News Diamonds Exploration Local Mining Projects

De Beers to Launch Diamond Exploration in Angola’s Lunda Provinces

27, June, 202527, June, 2025

De Beers, the global diamond mining giant, will commence diamond exploration activities in Angola’s Lunda Norte and Lunda Sul provinces within the next two weeks, according to the company’s CEO, Al Cook. The announcement was made following a meeting with President João Lourenço in Luanda on Tuesday. According to a statement from the Press Office of the Presidency (CIPRA), accessed by VerAngola, the exploration marks the next phase following two years of aerial electromagnetic surveys

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Mining Projects Local News

Angola to Begin Copper Output at Mavoio Mine in September

27, June, 202527, June, 2025

The Mavoio copper mine, located in the municipality of Maquela do Zombo in Angola’s Uíge Province, is set to begin operations this September, entering its first phase of production with an expected output of 2,500 tons of copper per day. This marks a significant step for the country’s mining industry and regional development. According to a statement from the provincial government of Uíge, the mine has a total exploration capacity of 4,000 tons per day.

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Diamonds Local News

Angola Vows to Protect Natural Diamond Interests Amid De Beers Stake Sale

27, June, 202527, June, 2025

Angola is closely monitoring the ongoing restructuring of diamond giant De Beers, following the announcement that Anglo American—its majority shareholder—is planning to sell its 85% stake. The Angolan government is actively engaging with partners to prevent the company from being taken over by parties that lack a genuine interest in the future of natural diamonds. This assurance was given on Thursday by Minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, during remarks at Endiama’s

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