Blencowe raises £3 million via share placement for Uganda graphite project Funds support Orom-Cross development amid delayed lender financing Project targets 2027 production, diversifying graphite supply from China London-listed miner Blencowe Resources said on Thursday it has raised 3 million pounds ($4 million) through a share placement with investors. This marks its third...

Funds expand equipment credit for off-grid solar mini-grids in Africa Platform targets $800 million solar equipment orders over four years Facility for Energy Inclusion (FEI) signed financing agreements on Wednesday to provide $7.5 million in long-term senior debt to Odyssey Energy Solutions, a platform connecting investors, developers and equipment suppliers to accelerate...

Floating regasification unit planned at Nador West Med port Project aims to secure gas supply after pipeline halt Morocco plans to commission its first liquefied natural gas (LNG) import terminal in 2027, using a floating storage and regasification unit (FSRU) at the Nador West Med port. According to international media reports on Thursday, the timetable leaves little scope to rely on a...

Starlink launches satellite internet service in Sao Tome and Principe Monthly fees $61-$81 plus upfront hardware costs High prices may limit adoption despite low broadband penetration SpaceX’s Starlink announced on Thursday that its satellite internet service is now available in Sao Tome and Principe. To access the service, residents will pay between 1,300 dobras ($61.70) and...

Dangote Foundation pledges 1 trillion naira for Nigerian education over decade Funding targets STEM, girls’ education, teacher training from 2026 Pledge aims to tackle out-of-school crisis, build skilled workforce The Aliko Dangote Foundation pledged on Wednesday to commit 1 trillion naira ($689 million) to education programmes in Nigeria over the next ten years. The sum is...

The mining group is refocusing on iron, aluminium, lithium and copper while placing other activities, including titanium, under strategic review, raising questions about the long-term future of its ilmenite project in Madagascar. Mining giant Rio Tinto plans to raise between $5 billion and $10 billion by reviewing and divesting parts of its asset portfolio, with the goal of selling...

IFC considers €75.25 million investment in cocoa processor Guan Chong Funds to expand cocoa processing plant in Côte d’Ivoire Project targets sustainable supply chains, jobs, and export capacity The International Finance Corporation (IFC) is considering an investment of up to 75.25 million euros ($88.34 million) in Malaysia’s Guan Chong Berhad (GCB), one of the...

Uganda signed a bilateral agreement for as much as $1.7 billion in U.S. health funding The plan requires Kampala to increase domestic health spending by more than $500 million Uganda becomes the third African country to join the framework after Kenya and Rwanda Uganda signed a bilateral agreement on Wednesday, December 10, securing up to $1.7 billion in U.S....

Three Cameroon-flagged vessels were listed among 56 ships sanctioned by Ukraine Kyiv targets maritime trade flows seen as supporting Russia’s war effort Cameroon’s flag faces renewed scrutiny as authorities pledge tighter oversight Three vessels sailing under the flag of Cameroon are among the 56 ships recently sanctioned by Ukraine. On November 25, acting on a proposal...

Cameroon waived more than CFA9 billion in taxes on renewable energy equipment The incentives target solar power and potable water production systems Authorities report lower equipment prices as tax advantages reach consumers Cameroon has waived more than CFA9 billion (about $16 million) in tax revenue over two years on materials and equipment used for renewable energy,...