Europe enters Namibia’s lithium race
Europe has taken its first concrete step into Namibia’s emerging lithium sector in a move that could have a significant impact on the global battery race. The European Investment Bank signed a cooperation agreement with Andrada Mining, committing up to $2.4 million to advance the Uis lithium project toward a bankable feasibility study. The bank […]
Uganda’s aquaculture sector scores major trade win
Uganda has secured a major trade win after receiving approval to export aquaculture fish products to the European Union. The development confirms that Uganda’s fish farmers meet the bloc’s strict compliance with health and safety standards. The decision ends years of restrictions on animal-based exports and opens the door to one of the world’s most […]
Why Ghana’s gold boom faces a policy test
Ghana posted a record-breaking 6 million ounces of gold production in 2025, driven largely by a surge in artisanal and small-scale mining, according to the Ghana Chamber of Mines. While large-scale output remained flat, higher gold prices and reforms helped pull informal supply into official channels. However, industry leaders warned at South Africa’s Mining Indaba […]
Chinese miner to kickstart Congo’s lithium production
China’s Zijin Mining is set to launch the Democratic Republic of Congo’s first lithium production in June from the massive Manono deposit, marking a major shift in Africa’s critical minerals landscape. The project, operated through a joint venture with state miner Cominiere, follows Congo’s decision to reassign permits previously held by Australian firm AVZ Minerals, […]
Nigeria’s oil giant rebounds with $4.2 billion profit
The Nigerian National Petroleum Company posted a strong $4.2 billion profit for 2025, powered by crude and condensate production averaging 1.62 million barrels daily. The development underscores renewed momentum in Nigeria’s oil sector. Annual revenue reached roughly $44.8 billion, with nearly $11 billion paid to government bodies and partners, reflecting the company’s central role in […]
Why water holds the key to Africa’s economic boom
Nearly one in three people in Sub-Saharan Africa still lack access to basic water services. As the region’s labor force is expected to double by 2050, the World Bank is betting that addressing this gap could unlock Africa’s greatest economic transformation. The math is compelling. With 95 percent of smallholder farms still rainfed, expanding irrigation […]
South Africa poised for more interest rate cuts
A Bloomberg survey of 14 economists, including heavyweights from Morgan Stanley and UBS, predicts that South Africa’s Reserve Bank will slash interest rates three more times before calling it quits. That would bring cumulative reductions to 2.25 percentage points since September 2024, bringing the benchmark to 6%. The timing, however, sparks debate—BNP sees the final […]
