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Spain turns to Algeria for more gas

Spain turns to Algeria for more gas

As the Iran conflict rattles global energy markets and drives up price volatility, Spain is looking south for stability. Foreign Minister José Manuel Albares Bueno traveled to Algiers to explore expanding natural gas supplies from Algeria, which already accounts for more than 29% of Spain’s gas imports in the first two months of the year—making […]

Zambia’s copper boom nears 1 million tons

Zambia’s copper boom nears 1 million tons

Zambia is edging closer to a historic milestone as its copper sector surges toward annual production of more than one million tons. After reaching a record 890,346 tons last year, officials say stronger operations and new investments are pushing output even higher in 2025. The momentum comes as global copper prices have jumped nearly 50%, […]

Apache strikes gas in Egypt’s Western Desert exploration

Apache strikes gas in Egypt’s Western Desert exploration

Egypt has announced a fresh natural gas discovery in its Western Desert, offering a boost to the country’s efforts to strengthen domestic energy supply. The find, made by US energy company Apache Corp. in partnership with the Egyptian General Petroleum Corp., comes from the SKAL-1X exploratory well in the South Kalabsha area and is producing […]

Mobile money doubles retail investors on Nairobi Securities Exchange

Mobile money doubles retail investors on Nairobi Securities Exchange

Mobile money is rapidly reshaping stock market participation in Kenya, with Nairobi’s securities exchange seeing a surge in retail investors after trading was integrated with the M-Pesa platform. Just six weeks after the launch, about 200,000 users were already trading through an M-Pesa-linked app, effectively doubling the number of active retail investors. Executives say these […]

Congo deepens mining partnership with China

Congo deepens mining partnership with China

The Democratic Republic of Congo is strengthening mining ties with China as global powers compete for access to the country’s vast reserves of critical minerals. A new agreement between Kinshasa and Beijing outlines cooperation on geological data sharing, investment protection, and expanding local processing of raw materials, signaling deeper collaboration in a sector already dominated […]

Cocoa and cashew lead Nigeria’s non-oil export surge

Cocoa and cashew lead Nigeria’s non-oil export surge

Nigeria’s effort to diversify exports beyond oil gained momentum in 2025, with non-oil export earnings rising to $8.93 billion from $6.57 billion a year earlier. Agriculture played a central role, accounting for just over 41% of shipments abroad. Cocoa led the charge, contributing nearly 25% of total non-oil exports, while cashew posted explosive growth, with […]

Three priorities Africa could champion at WTO summit

Three priorities Africa could champion at WTO summit

As trade ministers gather for the World Trade Organization’s ministerial conference in Yaoundé this week, analysts say African countries have a chance to push for fairer global trade rules that better support development. Many nations on the continent still struggle with barriers such as farm subsidies in wealthy economies, weak implementation of support programs, and […]

Nigeria scraps FX limits on oil export earnings

Nigeria scraps FX limits on oil export earnings

Nigeria’s central bank has eased foreign exchange rules for international oil companies, allowing them to retain and repatriate the full value of their export earnings immediately. The new directive removes a previous “cash pooling” policy that required firms to keep part of their proceeds in local banks for up to 90 days, a measure introduced […]

Africa’s banking giants bet big on Kenya

Africa’s banking giants bet big on Kenya

Kenya is fast emerging as a regional expansion hub for Africa’s biggest banks, as lenders across the continent position themselves to tap into East Africa’s rapidly growing but underbanked markets. New capital requirements are pushing smaller Kenyan banks to seek partners, creating a wave of potential mergers and acquisitions that is attracting major players, particularly […]

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