China begins building world’s biggest hydropower project in Tibet
Premier Li Qiang has launched a massive energy project in Tibet that aims to generate 300 billion kWh annually and advance China’s carbon goals.
Kenya scales carbon capture with heat from the Great Rift Valley
Kenya’s Octavia Carbon is leveraging geothermal energy to pioneer cost-effective direct air carbon capture, despite scepticism and scalability challenges.
South Africa’s car exports to US plummet after Trump tariffs hit
Tariffs imposed by the US have led to a collapse in South African auto exports, creating deep concerns for the country’s economy and workers.
Mozambique clears path for revival of TotalEnergies LNG project
Mozambique says conditions now allow TotalEnergies to resume its LNG project halted after 2021 insurgency near its Afungi site.
Sudan pound nears 3,000 per dollar
Bankers blame an acute shortage of foreign-exchange inflows and heavy withdrawals of local deposits for paralyzing the formal market
Mali sells gold from Barrick mine to restart major operations
Malian authorities are using gold reserves from a seized Barrick mine to address salary arrears and resume production activities.
Botswana lets pula slide faster to ease diamond market pressure
Facing pressure from declining diamond revenue and shrinking reserves, Botswana will allow the pula to depreciate faster than previously announced.
Dangote expands fuel reach to southern Africa via Namibia
Nigeria’s Dangote refinery plans fuel storage in Namibia to serve southern African markets and enhance regional energy distribution.
Sonatrach, Eni ink $1.35B Algerian energy deal
A 30-year contract between Sonatrach and Eni will explore and exploit hydrocarbons in Algeria’s Berkine Basin, investing $1.35 billion.
BP and Shell partner with Libya’s NOC to explore oilfields
Libya’s NOC signs with BP and Shell to study and develop hydrocarbon resources in key oilfields.
Morocco trains youth in coding to grow its local video game industry
Morocco builds a homegrown gaming industry with developer hubs and training to create jobs for its youth.
IMF unlocks $261 million following Congo program review
Following a successful program review, the IMF has disbursed $261.9 million in credit support to the Democratic Republic of Congo.
Ethiopia secures IMF funds as debt restructuring talks progress
IMF endorses Ethiopia’s loan program and releases funding while the country negotiates relief on $8.4 billion of debt.
Modi, Mahama deepen security and mining ties in Ghana
Modi and Mahama pledged closer cooperation in defence, counter-terrorism, and critical mineral exploration.
Kenya plans to privatise state assets to boost private investment
Kenya will privatise state assets through IPOs to bring in private investment and strengthen its domestic capital markets.
US-Africa trade talks see South Africa call for more time
South Africa requested an extension from the US on a bilateral trade deal to ensure alignment with current negotiation frameworks and protect national interests.
Morocco, China launch first EV battery plant
Morocco and China opened a battery component plant expected to power one million EVs per year, marking a major step in green industrial cooperation
Afreximbank may turn to China after credit downgrade
The bank’s chief economist says Afreximbank may avoid tough markets by seeking financing from China and African countries.
Angola urges shift from aid to investment at US-Africa summit
Funding for the Lobito Corridor railway remains secure as U.S. ambassador stresses trade cooperation.
World Bank funds South Africa’s transport and green shift
South Africa received a 1.5 billion dollar World Bank loan to upgrade transport infrastructure and support a low-carbon economic transition.
Niger miners back uranium nationalisation
Niger mine workers’ union supports nationalisation of uranium mine as government moves to reclaim control from French operator Orano.
Uganda posts sharp rise in coffee exports amid bumper harvest
Uganda’s coffee export earnings and shipments rose sharply in May, fuelled by a bumper harvest and rising market prices
African leaders gather in Luanda for US-Africa Summit
The US-Africa Business Summit in Luanda unites African presidents and investors to foster economic partnerships
Congo delays cobalt exports amid market oversupply
Democratic Republic of the Congo extended its cobalt export suspension by three months due to persistent oversupply in the global market