(CMOC) - CMOC has announced that it has completed the closing of its previously disclosed acquisition of Brazilian gold assets. The company first unveiled the transaction on December 15, 2025, with a plan to acquire 100% ownership of the Aurizona Gold Mine, the RDM Gold Mine and the Bahia complex from Canada-based Equinox Gold, for a total consideration of up to USD 1.015 billion. With all...

Germany raised its total JETP commitment to South Africa to €2.68 billion, up from €986 million in 2021. Germany has already disbursed more than €1.4 billion under a program running through 2027. European partners reaffirmed support for the JETP despite the United States’ withdrawal in 2025. Despite the withdrawal of the United States and an electricity...

Senegal plans to digitize its judicial system under its “New Deal technologique” strategy to improve efficiency and access. Judicial leaders support modernization but warn against risks to equity, ethics and human judgment. Internet penetration reached 60.6% in 2023, raising concerns about unequal access to digital justice services. President Bassirou Diomaye Faye reiterated...

Mauritania launched an international tender to award satellite communications licenses to expand internet access. About 63% of the population did not use the internet in 2023, despite near-universal 2G coverage. Authorities plan to allow GEO satellite operators first, while LEO providers like Starlink target entry in 2026. Mauritania has turned to satellite connectivity to expand internet...

Algeria plans to open more than 285,000 new vocational training places starting February 15, 2026. Authorities will expand workplace apprenticeships and residential training to improve youth employability. Youth unemployment stood at about 29.7% in 2024, underscoring pressure on the labor market. Ahead of the next vocational training intake scheduled for February 15, 2026, Algerian...

Eni has started its first appraisal well at the Calao offshore discovery, two years after its 2024 find. Côte d’Ivoire aims to raise oil output from about 60,000 barrels per day to 200,000 barrels per day by 2027. Authorities estimate Calao and related discoveries at around 1.5 billion barrels of crude. Italian energy group Eni has launched an appraisal drilling campaign to...

Gold rose above $5,000 an ounce for the first time, reaching a record near $5,090 on Jan. 26, 2026. Strong central-bank buying, ETF inflows and expectations of US rate cuts drove the rally. The surge holds major implications for African gold-producing economies reliant on export revenues. Gold crossed the $5,000-per-ounce threshold for the first time, a level that...

Libya signed a 25-year oil and gas agreement with TotalEnergies and ConocoPhillips through Waha Oil Company. The deal plans more than $20 billion in foreign investment and targets 850,000 barrels per day of capacity. Libyan authorities estimate the contract could generate over $376 billion in net revenue over its lifetime. Libya announced a 25-year oil agreement with...

Nigerian President Bola Ahmed Tinubu will travel to Turkey on Jan. 26, 2026, for a state visit. Nigeria and Turkey plan to sign multiple memorandums of understanding covering energy, defense, research, and media. Bilateral trade between the two countries reached $877.8 million in 2024, according to ITC data. Nigeria’s President Bola Ahmed Tinubu will undertake a state...

Ghana signed a strategic partnership with Google to integrate AI tools in local languages into the national education system. The program will deploy data-free educational tools in languages including Twi, Ewe, Dagbani, and Hausa. The initiative builds on Google’s $37 million AI investment in Africa announced in 2025. The Ghanaian government has entered a strategic...