While Angola News Today

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The country is targeting heightened exploration and production across both mature and emerging basins in a bid to become a regional energy hub

As Angola celebrates the 37th anniversary of Mining Labor Day this year, strategic developments across its mining sector are positioning the country as a globally competitive mineral producer.

Africa has now positioned itself as a driver of oil & gas deals, with several transformational transactions already announced over the past six months. In fact, the proposed acquisition of Mobil Producing Nigeria by Seplat Energy in February remains, so far, the biggest acquisition in the in ...

While Angola takes the place as the third-largest oil producer in Africa – with production measured at 1.14 million barrels per day in 2021 – the country has also recently made headway in mineral wealth extraction. In 2022, the Ministry of Mineral Resources, Oil and Gas is focused on driving mineral-related development and deals on […]

In countries with weak governance institutions, natural resource wealth tends to be a curse instead of a blessing. Where citizens are relatively powerless to hold ruling elites to account, resource wealth undermines development prospects. On the contrary, where citizens are able to exert constraints on executive power, resource wealth can generate development that benefits ordinary citizens. Development scholar Richard Auty first coined the term ‘resource curse’ in the early 1990s. He used ...