Vital Industry News
Sodiam Raises $25.8 Million in 16th Rough Diamond Auction Shell Reaffirms Commitment to Reviving Angola’s Oil Production Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions Global Oil Prices Surge Amid Rising Tensions in the Middle East 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
Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

More Angolan Mining News

Corporate News Diamonds Local

Sodiam Raises $25.8 Million in 16th Rough Diamond Auction

Angola’s Sodiam Generates $25.8 Million in Rough Diamond Auction, Surpassing Expectations Angola’s National Diamond Trading…
Corporate News Oil Petroleum

Shell Reaffirms Commitment to Reviving Angola’s Oil Production

Shell Pledges Support for Angola’s Oil Production Revival as Company Returns After 20 Years Shell…
Corporate News Local Oil

Sonangol Oil Tanker Damaged by Explosion Near Iraqi Port

Sonangol Tanker Hit by Explosion Near Iraq’s Khor al Zubair Port; Crew Safe and Vessel…
Local Energy News

Angola and Namibia Advance Energy Cooperation with Focus on Electricity Interconnection

Angola and Namibia Strengthen Energy Ties, Discuss Power Interconnection and Baynes Hydroelectric ProjectAngola and Namibia…
International News Oil

Oil Hits Multi-Year High as Iran Conflict Escalates, Boosting Vegoils and Aluminium

Oil Surges 25% to Highest Since 2022 Amid Iran War, Driving Vegoils and Aluminium Prices…
Gold International

Ghana Prepares Alternative Gold Export Routes Amid Dubai Flight Disruptions

Ghana’s GoldBod Plans Backup Export Routes as Dubai Flight Disruptions Threaten Artisanal Gold Trade Ghana’s…
International Energy

South Africa’s PIC and Development Banks Commit $37 Million to Boost Green Hydrogen Sector

South Africa’s Public Investment Corporation (PIC) has partnered with two development finance institutions to commit $37 million (approximately R655.6 million) toward financing the country’s green hydrogen industry. The Development Bank of Southern Africa (DBSA) and the Industrial Development Corporation (IDC) are collaborating to support the SA-H2 fund, which mobilizes both public and private investments. This fund is jointly managed by Climate Fund Managers, based in The Hague, and Invest International, a Dutch development finance institution.

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Oil Corporate News International

Ghana’s Tema Oil Refinery Targets Full Restart by October 2025 to Slash Fuel Imports

The Tema Oil Refinery (TOR) is on track to resume full operations by October 2025, aiming to drastically reduce Ghana’s dependence on imported refined fuels. In a recent briefing with Parliament’s Energy Committee, Edmund Kombat, TOR’s Acting Managing Director, revealed that Ghana currently spends about $400 million per month on fuel imports. Once TOR is fully operational, he estimates that figure could be cut by more than half. Kombat explained that with the refinery running,

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International News Oil

Sierra Leone Eyes Major Oil Licensing Round Pending Results of First Offshore 3D Survey in a Decade

Sierra Leone is awaiting the results of its first offshore 3D seismic survey in over a decade before deciding whether to launch a new oil and gas licensing round later this year, according to the country’s Petroleum Directorate. The six-week seismic campaign, which began last month, is being conducted by GeoPartners in collaboration with the Petroleum Directorate of Sierra Leone. The goal is to de-risk offshore exploration by generating high-resolution data across the country’s offshore

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International Gas News

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

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

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

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

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

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

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

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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