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...

Senegal inaugurated a 16 MWp solar plant coupled with 10 MW / 20 MWh battery storage in northern Saint-Louis. The €40 million project marks Senegal’s first solar plant dedicated to frequency regulation. Authorities aim to support grid stability, renewable integration, and peak-time supply. Senegalese authorities on Thursday, Jan. 22, inaugurated the Walo Storage power...

Nigeria launched the official application portal for its Cabotage Vessel Financing Fund, reviving a scheme dormant for nearly 20 years. The fund earmarks $25 million to help Nigerian companies acquire vessels as the government phases out waivers for foreign ships. Authorities aim to expand local operators from domestic cabotage into regional coastal shipping across West...

Morocco expects cereal production to exceed 8 million tonnes in 2025/2026, up nearly 80% year on year. Authorities credit improved rainfall after November for reversing early-season drought conditions. A stronger harvest could reduce cereal imports, which cost Morocco 27 billion dirhams ($2.9 billion) in 2024. Morocco expects cereal output to exceed 8 million tonnes at the end...

Long dominated by mining, particularly gold and phosphates, Senegal’s extractive sector has seen oil and gas fields enter production over the past two years, lifting the role of hydrocarbons in the industry. Senegal's extractive revenues increased by 23% year-on-year to reach 447 billion CFA francs (about $808 million) in 2024. While mining remained the dominant contributor to these...

Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of Angola, Africa’s top military rankings are unchanged from the 2025 edition of the Global Firepower Index, which is based on more than 60 indicators including manpower, equipment and defence spending. Egypt remains Africa's leading military power, according to the 2026 edition of the world's...