New oil well discovered in Angola’s Block 15
A new oil well has been discovered in Block 15, located about 365 kilometers northwest of the coast of Luanda, announced the Angolan government, ExxonMobile […]
Business
Angola receives US$100 million from Lobito corridor concession
The Angolan government will receive US$ 100 million (100.4 million euros) in prize money from the signing, in Luanda, of the concession contract for the […]
Cape Verde to run for the presidency of the CPLP Business Confederation
Cape Verde will apply for leadership of the CPLP business confederation. Information advanced by the president of the Chamber of Commerce of Sotavento, at the […]
China’s Addax Petroleum Development pulls out from four oil mining blocks in Nigeria
Nigeria’s Oil company, NNPC, has announced the exit of Sinopec’s Addax Petroleum Development (Nigeria) Ltd from its four major oil mining blocks in Nigeria and […]
São Tomé and Príncipe, approves start of free trade zone project
The Free Trade Zone project in Malanza, Sao Tome, should start in January 2023, after the Sao Tome authorities approved on Tuesday the “master plan” […]
Angola: TotalEnergies invests $3 billion in oil exploration
French oil company TotalEnergies recently made available US$3 billion to be used in projects related to renewable energy in several locations around the country, as […]
São Tomé and Príncipe with no foreign exchange to buy essential goods on the international market
The government of Sao Tome and Principe says the net international reserve at the archipelago’s central bank is below the minimum required, i.e., it is […]
Angola devalues nationalization of Chinese stake in Catoca and highlights cooperation with China
The Angolan government yesterday devalued the nationalization of the share held by the Chinese LL International Holding BV (LLI) in the Catoca mine, the largest […]
S. Africa’s coal export to EU soared by 582.7% during 2022
As the world scrambles to secure energy supplies, South Africa has once again emerged as one of the leading exporters, as its coal exports to […]
Angola: government reaffirms promise to build surface metro in Luanda
The Angolan government Tuesday promised to materialize the interconnection of the Luanda and Benguela railways, aiming to connect the eastern part of the country and […]