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…
International Corporate News Renewable Energy

Zambia Welcomes Major Solar Investment from China’s LONGi Green Energy

The Zambian Government has welcomed a major renewable energy investment from Chinese solar technology giant LONGi Green Energy Technology Co., which plans to develop a 100-megawatt (MW) solar power plant in Zambia. Scheduled to become operational by December 2025, the project marks the first phase of a broader plan to scale up to 200MW—offering a substantial boost to Zambia’s renewable energy sector. The announcement was made during a courtesy visit by LONGi executives to the

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Local News Transport and Logistics

Angola and France Deepen Strategic Transport Cooperation in Paris

Angola’s Minister of Transport, Ricardo Viegas D’Abreu, and France’s Minister Delegate for Transport, Philippe Tabarot, convened in Paris to enhance bilateral collaboration in the fields of transportation and infrastructure. The high-level meeting focused on several key areas of strategic importance: Civil Aviation: Discussions highlighted Air France’s operations in Angola and the expansion of TAAG Angola Airlines’ fleet with Airbus aircraft, aiming to boost connectivity and modernize the national carrier. Urban Mobility: Both nations emphasized the

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Transport and Logistics Local

Lobito Corridor Gains Global Momentum as Zambia Deepens EU-Italy Partnerships

Zambia has strengthened its global development partnerships following a high-level summit on the Mattei Plan and the European Union’s Global Gateway, held in Rome. The meeting, co-hosted by Italian Prime Minister Giorgia Meloni and European Commission President Ursula von der Leyen, reaffirmed Italy and the EU’s support for Zambia through the transformative Lobito Corridor Project. Representing Zambia at the summit was Minister of Finance and National Planning, Hon. Dr. Situmbeko Musokotwane. The event brought together

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International Oil

Nigeria’s $5 Billion Oil-Backed Loan Deal with Aramco Stalls Amid Falling Crude Prices

Nigeria and Saudi oil giant Aramco are struggling to finalize a proposed $5 billion oil-backed loan, as declining global crude prices raise concerns among potential financiers and reduce the appeal of the deal. If completed, the agreement would represent Nigeria’s largest oil-backed borrowing to date and Aramco’s most significant financial engagement in the country. However, sources familiar with the matter say the falling price of oil may lower the deal’s overall value, complicating negotiations and

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International Gas

Egypt Secures Over $8 Billion in LNG Deals to Avert Power Crisis Amid Energy Struggles

Egypt has finalized agreements with several major energy companies and global trading houses to purchase 150–160 cargoes of liquefied natural gas (LNG) through 2026, as the country races to secure fuel for its power grid amid deepening energy and economic challenges. Valued at more than $8 billion based on current market prices, the LNG procurement underscores the growing financial strain on Egypt’s government, already grappling with falling domestic gas production, a foreign currency shortage, and

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Corporate News International Oil Petroleum

Dangote Refinery Set to Disrupt Nigeria’s Fuel Market with Free Direct Distribution and Credit Incentives

Nigeria’s downstream petroleum sector is bracing for a major shake-up following the announcement by Dangote Petroleum Refinery that it will begin direct, free distribution of Premium Motor Spirit (PMS) and diesel across the country, starting August 15, 2025. Unveiled on Sunday, June 15, the plan includes the deployment of 4,000 Compressed Natural Gas (CNG)-powered tankers to deliver fuel directly to petrol stations, manufacturers, aviation companies, telecom operators, and other large-scale consumers. This move bypasses traditional

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International Energy Renewable Energy

Egypt Launches First Grid-Scale Battery Storage to Power Clean Energy Future

AMEA Power, in collaboration with the International Finance Corporation (IFC) and the Egyptian government, is deploying Egypt’s first grid-scale Battery Energy Storage System (BESS). This landmark project marks a significant step toward stabilizing the national grid and accelerating the country’s transition to renewable energy. To fund the initiative, IFC has committed a $72 million loan to the Abydos Solar Project Company, a subsidiary of AMEA Power. The financing supports the integration of a 300 MWh

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International News Renewable Energy

Zambia Launches $40 Million Solar Power Project to Energize Public Institutions

The Government of Zambia has formalized a $40 million partnership to deploy 50 megawatts (MW) of solar power across 209 public institutions in the Eastern Province, marking a major step toward the country’s clean energy transition. The initiative falls under the Presidential Solar Initiative, spearheaded by President Hakainde Hichilema, which aims to add 1,000 MW of solar energy to Zambia’s national grid by 2025. The agreement was signed between Zambian firm Accura Logistics and international

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International Gold News

Mali Begins Construction of Russia-Backed Gold Refinery to Assert Resource Sovereignty

Mali has officially begun construction of a new gold refinery backed by Russia, a move the country’s military leadership says will strengthen national control over its vast natural resources. The facility, which will have a refining capacity of 200 tons per year, is being built in partnership with Russia’s Yadran Group and a Swiss investment firm. The Malian government will maintain a controlling stake in the project. Speaking at the groundbreaking ceremony in Senou, near

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Economy Local News Transport and Logistics

Lobito Corridor Seen as Key Driver of Angola’s Economic Transformation

The Lobito Corridor is being regarded by members of the Benguela Business Alliance as a strategic route for the large-scale distribution of national production. This view was shared with Jornal de Angola by Adérito Areias, president of the Alliance. According to Areias, the infrastructure is expected to drive the country’s economic development by facilitating the movement of goods and promoting regional growth. “We must see the Lobito Corridor as a tool for development and take

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