Angola

Angola: Rising Tensions Amid Fuel Price Hike Leaves 22 Dead On Wednesday, the Angolan government reported the tragic loss of at least 22 lives due to violent unrest spurred by a sudden increase in fuel prices. The two-day turmoil in this oil-rich southern African nation not only took lives but also led to hundreds of injuries and over 1,200 arrests. This stark disruption reflected the deep-frustrations of a population grappling with the economic realities of a nation abundant in resources yet shadowed by poverty. At the…

The Challenges of Nigeria's Maritime Industry: A Closer Look In a recent statement, Ladi Olubowale, the President of the African Shipowners Association based in Nigeria, raised significant concerns regarding the local maritime industry. He noted that the Dangote Group's decision to opt for foreign vessels is rooted in a distressing scarcity of Nigerian ships capable of handling large-scale cargo operations. As he shared his insights with Punch, one couldn't help but wonder: how did we arrive at a point where our own…

China's Investment in Angola: A New Agricultural Era In a significant move set to reshape the agricultural landscape of Angola, China's Sinohydro Group has announced an investment exceeding $100 million aimed at diversifying the country’s grain production. This decision marks the second pivotal agricultural agreement between Angola and China within a span of just a week, underlining a strengthening bilateral relationship. On a late Thursday evening in Luanda, Angola's government granted Sinohydro a remarkable…

TAAG Expands Its Fleet with Boeing's Latest Technology In a significant move toward modernizing its fleet, Angola’s state-owned airline, TAAG, is preparing to acquire Boeing 787-10 aircraft along with spare engines. This initiative is made possible by a substantial financing package of $297 million, backed by the U.S. Export-Import Bank (EXIM). Such a decision resonates with a larger narrative about international partnerships and the importance of fostering robust aviation infrastructures. The announcement,…

Activists are rallying for a stay-at-home strike as they gear up for their next protest concerning escalating fuel and transportation costs. Tensions flared recently when protesters in Luanda faced police intervention, with rubber bullets and tear gas leaving several injured and prompting numerous arrests. On the ground, hundreds of demonstrators from diverse backgrounds came together: taxi drivers, students, street vendors, and passionate members of civil society. United by shared grievances, they marched peacefully…

On July 12, the Angola National Oil and Gas Agency (ANGP) made an exciting announcement: a significant gas discovery in Block 1/14, situated in the Lower Congo Basin. This development, reported by Reuters, marks a pivotal moment in Angola’s ongoing journey in oil and gas exploration. According to insights shared by ANGP, the drill encountered rocks rich in gas and condensate. Preliminary assessments indicate that this newly discovered field might contain over one trillion cubic feet of gas, along with an impressive…

In the heart of the Democratic Republic of Congo (DRC), where the rich geology supports vast mineral wealth, a transformative energy project is unfolding. Valued at an impressive $1.5 billion, this initiative directly targets the ongoing power shortages that have long hindered the development of the Copperbelt region—a hotspot for critical mineral mines. Imagine the vibrant landscape of Angola, where abundant hydropower resources glow like gems against the backdrop of its breathtaking vistas. The linchpin of this project…

The 2025 U.S.-Africa Business Summit in Luanda provided a remarkable platform for transformative dialogue and strategic engagements that are poised to redefine economic partnerships between the United States and Africa. This gathering was nothing short of historic, as it brought together an unprecedented number of Heads of State and Government. Twelve leaders—among them Presidents and Prime Ministers from various African nations—graced the summit, amplifying its significance. This summit wasn’t just marked by the…

The 2025 U.S.-Africa Business Summit, held in Luanda, served as a pivotal platform to unveil ambitious initiatives, with a staggering $2.5 billion earmarked for projects across Angola, the Democratic Republic of the Congo, Ethiopia, Sierra Leone, and Rwanda. In a post-summit statement, the State Department articulated that this monumental gathering aimed not only to cement key agreements but also to foster an environment conducive to enhancing U.S. exports and investments in Africa. The overarching goal? To champion mutual…

On June 24, 2025, Namibia took center stage at the "Invest in Namibia" Forum, held in the vibrant city of Luanda, Angola. This esteemed gathering was part of the 17th USA-Africa Business Summit, a platform designed to foster dialogue and collaboration between the two regions. Her Excellency President Dr. Netumbo Nandi-Ndaitwah delivered an inspiring keynote address, meticulously outlining Namibia's strategic vision for the future. As she spoke, attendees couldn’t help but feel a palpable sense of enthusiasm. President…