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Angola

Angola is a country in south-western Africa, bordered by Namibia to the south, the Democratic Republic of Congo to the north and east, Zambia to the east, and the Atlantic Ocean to the west. The capital and largest city is Luanda, which serves as the country's economic and political centre. Angola has a population of about 35-million people and is the seventh-largest country in Africa by land area. The economy is heavily dependent on oil and gas, which account for the majority of export revenues and government income, though the country also possesses significant diamond reserves and agricultural potential. The currency is the kwanza. Angola is a presidential republic and a member of the African Union, the Southern African Development Community (SADC), and the Organisation of Petroleum Exporting Countries (OPEC). The country gained independence from Portugal in 1975, followed by a prolonged civil war that lasted until 2002. Since the end of the conflict, Angola has focused on reconstruction, infrastructure development, and economic diversification, though it remains vulnerable to fluctuations in global oil prices. The government has prioritised investment in water infrastructure, energy, and transport to support long-term growth and improve living standards.

Latest Articles in 60 Seconds

Minbos signs $13.8-million Phase 2 construction contract for Cabinda fertiliser plant

ASX-listed Minbos Resources has awarded a $13.8-million Phase 2 construction contract to Grupo Arliz for the Cabinda Phosphate Fertilizer Plant, covering structural steel, mechanical installation, electrical and instrumentation works to advance the project to dry commissioning. The plant equipment, designed by FEECO International and shipped to Angola in 2023, is already on site and ready for assembly, with funding support from South Africa's Industrial Development Corporation and a Banco de Fomento Angola term sheet.

Angola strengthens position in diamond industry and energy transition

Angola has become a Nation Affiliated Member of the World Federation of Diamond Bourses, reflecting growing African producer-country participation across the diamond value chain as De Beers' sale process nears completion. Meanwhile, state energy company Sonágas is building 80 new electric vehicle charging stations in partnership with Huawei this year, supporting Angola's target of 100 000 EVs by 2030 and forming part of a planned charging corridor extending through Namibia into South Africa.

Lobito Corridor gains momentum as strategic critical minerals route

Zambia and the US Millennium Challenge Corporation have agreed to realign a $491-million agriculture grant to support critical minerals infrastructure in the Lobito Corridor, the rail link connecting the Democratic Republic of Congo and Zambia's copperbelt to Angola's Atlantic port of Lobito. The corridor is seen as strategic for exporting copper and cobalt to Western markets seeking to counter China's dominance in energy transition metals.

Angola Updates


PAUL ZIMNISKY 
Angola emerged as Africa’s second largest diamond producer by value in 2024, with a total diamond output worth $1.41-billion
Angola rivals Botswana as top diamond supplier
26th June 2026 By: Keabetswe Shilakwe

Angola emerged as Africa’s second largest diamond producer by value in 2024, with a total diamond output worth $1.41-billion, marking a significant shift in the global diamond landscape that has... 


AVI KRAWITZ
The diamond industry is taking steps to give consumers assurance that the diamonds they purchase are ethically sourced and to give them the confidence to buy
Diamond industry at a turning point – expert
26th June 2026 By: Keabetswe Shilakwe

The natural diamond industry’s legacy operating model of scarcity driving desire and desire driving price is under strain and as the industry moves forward, producers and traders confront pressures... 


Frontier Rare Earths CEO James Kenny.
South Africa’s Zandkopsdrift rare earths project highlighted at Junior Indaba
26th June 2026 By: Martin Creamer

The Zandkopsdrift rare earths project in South Africa’s endowed Northern Cape was highlighted on day two of the Junior Indaba, which also learnt of the rapid forward momentum of West Wits Mining’s... 


Location map of the Cabinda phosphate project
Cabinda phosphate project, Angola – update
26th June 2026 By: Sheila Barradas

On June 22, 2026, Minbos signed a contract with Grupo Arliz for all the remaining works required to advance the fertiliser plant to dry commissioning.  


Stuart Heather-Clark, SLR Consulting Power Sector Lead Middle East and Africa
Exciting gigawatt-scale projects across Africa, SLR reports
26th June 2026 By: Martin Creamer

To combat climate change, the world needs green molecules in addition to green electrons. “If we look how the economy is carbonised, an electron can only decarbonise between 60% to 70% of the... 


Minbos signs $13.8m Phase 2 construction contract for Angola project
Minbos signs $13.8m Phase 2 construction contract for Angola project
23rd June 2026 By: Sabrina Jardim

ASX-listed Minbos Resources has announced the signing of a $13.8-million Phase 2 construction contract for the Cabinda Phosphate Fertilizer Plant (CPFP), in Angola, with the Portuguese and Angolan... 


Businesses adapt as diamond industry evolves
Businesses adapt as diamond industry evolves
23rd June 2026 By: Sabrina Jardim

As the natural diamond industry continues to navigate a challenging period, businesses across the pipeline are adapting to changing market conditions, evolving consumer behaviour and ongoing... 


A copper plant in Zambia
Zambia, US expand use of $491m grant programme to critical metals infrastructure
19th June 2026 By: Reuters

Zambia said on Thursday it had agreed with US agency Millennium Challenge Corporation to expand the use of a $491-million agriculture grant programme to support key critical minerals... 


An image of the Longonjo project
Pensana’s Qatari backer bolsters board
18th June 2026 By: Tasneem Bulbulia

Sheikh Dr Badr bin Dalhim Al-Faheid Al-Hajri has joined the board of the Qatar-backed Cascade Natural Resources and has expressed his support for the company’s $165-million strategic investment... 


Southern Transitions cofounder and director Gaylor Montmasson-Clair
Copper rivalry gives African producers leverage to demand more value, says analyst
18th June 2026 By: Mariaan Webb

The intensifying competition among China, the US and Europe to secure future copper supplies is strengthening the negotiating position of African producer countries, creating an opportunity to... 


De Beers CEO Al Cook
De Beers CEO sees sale of diamond firm in 'weeks not months'
17th June 2026 By: Reuters

A sale of De Beers, Anglo American's diamond unit, has never been closer, its CEO said on Tuesday, adding that a deal could come within weeks. Anglo put De Beers - one of the world's leading... 


Resources Watch
Resources Watch
17th June 2026

This week: Africa must create conditions that allow investment to flourish, Junior Indaba hears; South Africa’s Zandkopsdrift rare earths project highlighted at Junior Indaba and, Electra Mining... 


Lobito rolling stock
Lobito railway receives first Congo shipment after flood repairs
15th June 2026 By: Bloomberg

Lobito Atlantic Railway (LAR) received its first copper shipment from the Democratic Republic of Congo (DRC) since reopening a flood-damaged section of the corridor, restoring traffic on a key... 


Photo of Martin Creamer
On-The-Air (12/06/2026)
12th June 2026 By: Martin Creamer

Martin Creamer talks about Manganese Metal Company, rare earths in the Northern Cape and Junior mining opportunities. 


Aerial View of Longonjo Rare Earths Project
Longonjo rare earths mine/refinery project, Angola – update
12th June 2026 By: Sheila Barradas

The Longonjo development remains on target and on budget. 


Condra to take crane support online with remote diagnostics
12th June 2026 By: Natasha Odendaal

Crane and hoist manufacturer Condra has expanded its maintenance programme to include hands-on training for customers’ service personnel, with further plans to introduce remote diagnostics for... 


Frontier Rare Earths CEO James Kenny.
South Africa’s Zandkopsdrift rare earths project highlighted at Junior Indaba
10th June 2026 By: Martin Creamer

The Zandkopsdrift rare earths project in South Africa’s endowed Northern Cape was highlighted on day two of the Junior Indaba, which also learnt of the rapid forward momentum of West Wits Mining’s... 


An image of the Longonjo site
Pensana continues to progress Longonjo mine construction
8th June 2026 By: Tasneem Bulbulia

London-listed Pensana has achieved progress on construction of the Longonjo mine, in Angola. The $250-million development is on target and on budget for first mixed rare earth carbonite (MREC)... 


Nampak CEO Riaan Heyl
Nampak’s beverage operations offset slowdown in diversified business
29th May 2026 By: Lumkile Nkomfe

JSE-listed packaging producer Nampak has reported a mixed performance for the six months ended March 31, with resilient growth in its beverage business offset by a sharp downturn in its diversified... 


How a digital foundation can overcome the LNG trilemma
How a digital foundation can overcome the LNG trilemma
28th May 2026

By: Christophe Begat - Vice President for, Industry and Segment for Sub-Saharan Africa at Schneider Electric The global LNG (Liquefied Natural Gas) sector is entering an historic chapter with... 


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