The Democratic Republic Of Congo Establishes Strategic Minerals Reserve Under ARECOMS
By decree adopted by the Council of Ministers on April 10, 2026, the Democratic Republic of the Congo has established a Strategic Reserve of Strategic Mineral Substances which aims to stabilize the markets of strategic mineral substances, support their development and strengthen the economic sovereignty of the country. The establishment and management of this Strategic […]
South Africans Shift Spending Toward Essentials And Savings As Cost Pressures Persist
TransUnion’s Q1 2026 Consumer Pulse Study highlights more deliberate financial behaviour South African consumers are adjusting their financial behaviour in response to ongoing cost pressures, with TransUnion’s Q1 2026 Consumer Pulse Study[1] revealing meaningful shifts in how households spend, save and manage credit. While many households remain under financial strain, the findings point to a shift toward […]
Artisanal Miners In Western Kenya Move Away From Mercury
They call this land Bushiangala. Gold has been mined here for nearly a century. In 1931, colonial prospectors arrived after traces were found in the nearby Yala River, setting off a rush that changed this quiet corner of western Kenya. Colonial authorities quickly took control of the boom, introducing mining laws that restricted access, while […]
S&P links Middle East war to African states’ ratings
Ratings agency S&P Global has warned that the ongoing Middle East conflict could negatively impact African economies if it is not resolved in the near future. This is largely because many African countries are net importers of fuel and fertilizers, making them especially susceptible to the disruptions caused by the conflict. S&P stated that rising […]
Egypt pivots to ecotourism amid regional unrest
Egypt’s booming tourism sector, which drew 19 million visitors and over $15 billion in revenue last year, is facing fresh uncertainty as Middle East tensions rattle traveler confidence. While officials insist the country remains safe, early signs of strain are emerging, with booking cancellations rising and hotel occupancy declining. The sector has proven especially susceptible […]
Sierra Leone taps Nigerian expertise to unlock offshore oil
Sierra Leone is aggressively reviving its offshore oil ambitions, signing a landmark $225 million licensing agreement with Nigeria-based Marginal Energy. Finalized at a high-profile energy forum in Paris, the deal grants the Nigerian independent exclusive exploration rights over five offshore blocks across 6,800 square kilometers of the frontier basin. Marginal Energy has committed to an […]
US backs South Africa’s rare earth project
Despite strained diplomatic ties, the US is pressing ahead with a $50 million investment in South Africa’s Phalaborwa Rare Earths Project, highlighting the strategic importance of critical minerals. The project, led by Rainbow Rare Earths, aims to extract key elements from mining waste, offering a lower-cost and more sustainable alternative to traditional mining. This move […]
Nigeria’s power reforms drive new investment strategy
Nigeria’s notoriously fragile power grid is losing its appeal as investors pivot to state-led electricity deals that offer clarity and reliability. Thanks to the 2023 Electricity Act, which handed more authority to Nigeria’s 36 states, states can now regulate and structure localized power markets, offering clearer tariffs, reliable off-takers, and predictable cash flows. As a […]
Zambia inks energy deal with China
Zambia has secured a $1.5 billion China-backed energy deal to add 900 megawatts to its power capacity, marking a major step toward stabilizing its electricity supply. Prolonged droughts have crippled the country’s hydropower-dependent grid, forcing frequent load-shedding that hurts mining, manufacturing, and daily life. The deal will fund three 300-megawatt projects blending solar, wind, and […]
Uganda kicks off domestic gold buying spree
Uganda’s central bank has begun purchasing domestically mined gold as part of a three-year pilot program aimed at strengthening and diversifying its foreign reserves. The move reflects a broader shift among African economies seeking to reduce reliance on traditional reserve assets and hedge against global financial volatility. This strategic shift follows a massive 76% surge […]
