SA spotlights global poverty while hosting G20
South Africa will present a global inequality report at the G20 summit led by Nobel laureate Joseph Stiglitz to address wealth gaps.
Africa’s nuclear pivot: big ambitions, $100bn price tag, and power payoff
Africa eyes nuclear with SMRs and El Dabaa, but $100bn buys a tiny power share by 2050 amid huge access gaps
Egypt signs $220 million deal to build a major solar energy complex
Egypt signed a $220 million deal with UAE, Bahrain, and China to build a solar cell, panel, and energy storage complex in the Suez Canal Economic Zone.
KoBold Metals secures permits to expand lithium hunt in Congo
KoBold Metals, backed by Jeff Bezos and Bill Gates, has secured seven permits to explore lithium and other minerals in Congo, including Manono.
Nigeria halts raw shea nut exports for six months to spur local processing
Nigeria pauses raw shea exports to boost local processing, curb leakage and lift earnings for farmers
Japan rebuffs Nigeria on Africa visa at TICAD 9
Japan denied Nigeria’s claim of a special visa under JICA Africa hometown initiative and requested correction of the TICAD 9 press release.
Africa’s millionaires to rise 65% in 10 years
Henley & Partners report shows strong wealth growth in Africa despite global headwinds and rising investment migration interest
Egypt boosts gas output as work begins on three new Zohr wells
Egypt has restarted drilling and added output at the Zohr gas field to boost production after earlier declines.
Tinubu: Petrobras can return to Nigeria quickly after Lula talks
Tinubu signals swift Petrobras comeback as Brazil–Nigeria sign trade and aviation deals
Zambia unveils Imboo, an 11,685-carat emerald
Zambia’s Kagem mine has discovered Imboo, an 11,685-carat emerald weighing 2.337 kilograms, the largest gemstone found there to date.
NOC to host Libyan-US energy investment forum
The forum will bring together Libyan officials and US investors to boost oil and gas sector investment.
Apple talks with Google to enhance Siri via Gemini AI
Apple is reportedly exploring Google’s Gemini AI to redesign Siri and improve its voice assistant capabilities next year.
Zambia, Israel to expand cooperation in minerals, health
Reopening of Israel’s embassy in Zambia marks a new chapter in their friendship
Ethiopia’s FDI edges higher ahead of bond talks
Ethiopia draws $4bn FDI (+2.2%) as reforms lift sentiment; Eurobond talks near, with Addis seeking an 18% cut
Burundi launches work on rail network connecting to Tanzania
Burundi begins its first railway to Tanzania aiming to cut transport costs and boost trade through the Central Corridor.
SA plant to boost truck exports across Africa
Isuzu Motors South Africa plans to grow truck production and exports while boosting locally sourced parts for African markets.
South African court rescinds TotalEnergies, Shell oil permit over risks
A South African court has overturned TotalEnergies and Shell’s oil exploration permit, citing inadequate risk, climate, and community impact assessments
Turkish, African businesses unite at Istanbul WCI Forum
The WCI Forum in Istanbul brought Turkish and African businesses together to strengthen trade, investment, and economic cooperation.
Senegal leader urges Turkey to invest more
Senegal’s prime minister urged Turkey to expand investments and partnerships, highlighting new economic opportunities and inviting Turkish firms to key projects.
Burundi capital grinds to a halt amid crippling power and fuel crisis
Burundi is facing widespread power cuts and fuel shortages that have paralysed its capital, disrupted services, and left residents without basic necessities for days.
Africa embraces AI as Mastercard maps digital roadmap
Mastercard’s whitepaper reveals how AI can transform African industries by 2030 with inclusive investment, collaboration, and policy development.
Zimbabwe’s platinum sector struggles with unpaid export income
Zimbabwe’s platinum miners are owed millions in unpaid export earnings due to government delays under foreign currency retention rules, impacting their operations.
Guinea’s junta seizes GAC bauxite mine
Guinea’s junta cancels GAC’s bauxite licence citing violations and transfers operations to a state firm, raising legal and economic concerns.
Nigeria’s oil production climbs past 1.8 mbpb per day last month
Nigeria’s oil production rose above 1.8 million barrels per day last month despite theft and underinvestment challenges
Pretoria defends trade profile as US tariff deadline looms
Pretoria: our exports aid U.S. industry; 30 % tariff due 8 Aug risks jobs but talks will continue
Lesotho’s textile industry faces job losses despite Trump tariff cut
Lesotho says 15% US tariff still cripples textiles, threatens jobs despite Trump’s cut from 50%
Ghana’s central bank cuts rate as inflation eases
Ghana’s central bank cut its benchmark interest rate to 25 percent amid easing inflation and a stronger currency.