West Wits Mining raised A$33.74 million ($23 million) to advance the Qala Shallows gold project in South Africa. The company expects the first gold pour in March 2026, positioning Qala Shallows as the first new underground mine launched in South Africa in 15 years. The project targets 70,000 ounces per year over 12 years, with expansion plans of up to 200,000 ounces annually under...

Star Oil Limited suspended its membership in Ghana’s Chamber of Oil Marketing Companies over disagreements on fuel price floor communication. The company said COMAC failed to reflect its position in favor of scrapping the regulated retail price floor. The move followed the regulator’s decision to maintain the price floor despite industry calls for its removal. In Ghana,...

DR Congo plans to tighten controls on mining exports to boost revenue collection, according to an IMF report published in January 2026. Authorities aim to improve measurements of export volumes, mineral grades and moisture content, which directly affect taxable value. The government plans to deploy automated weighing and quality-control systems by March 2026 to reduce revenue...

Kenya plans to cut value-added tax on agricultural inputs to 8% under the 2026 finance bill to lower production costs. The government plans to remove excise duties and export promotion taxes on packaging materials used by horticulture exporters. Authorities aim to accelerate VAT refunds and extend export-zone tax treatment to fully export-oriented operators. The Kenyan...

BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitization fund admitted to the exchange. Sonabhy raised more than CFA34 billion ($60.8 million), exceeding its initial target by 14%. Proceeds will finance hydrocarbon storage infrastructure to strengthen Burkina Faso’s energy security. The Regional Stock Exchange (BRVM), which...

Izili acquired off-grid solar firm Qotto, active in Benin and Burkina Faso. The group secured $5 million in convertible bonds to support growth. The deal strengthens Izili’s off-grid power presence in West Africa. Izili Group announced yesterday it had acquired Qotto, a company specializing in off-grid solar solutions operating in Benin and Burkina Faso. The transaction...

Nigeria approved the immediate launch of the Ogun State deep-sea port project. Authorities designed the port to ease congestion at Lagos ports. The project may align with Aliko Dangote’s integrated logistics and energy assets. The Nigerian government approved the launch of construction works for the Ogun State deep-sea port in the southwest, according to statements from Ogun...

Benin raised $500 million through its first international sovereign sukuk. The state also reopened its 2038 eurobond for $350 million. Total investor demand exceeded $7 billion. Benin announced yesterday it had completed its first international sukuk issuance. The country became the first African sovereign to launch an international sukuk in 2026, according to an...

DR Congo extended temporary import restrictions on selected goods for another 12 months. Authorities aim to cut the import bill and support domestic manufacturing under the “Made in Congo” strategy. Officials cite falling prices and rising exports of locally produced goods as early results. The Ministry of Foreign Trade announced the signing of several ministerial decrees...

Burkina Faso inaugurated two government mini-datacenters costing $28.6 million. Authorities aim to keep public and private data hosted inside the country under a digital sovereignty strategy. Officials expect savings of about 30 billion CFA francs over five years by cutting foreign hosting costs. Burkina Faso has stepped up efforts to develop its national digital...