Two ships arrived at Morebaya Port as Guinea readies its first Simandou iron ore shipments. The $20 billion project includes a 650 km railway and major port upgrades. The IMF projects Simandou will raise Guinea’s GDP by 26% by 2030. Guinea is preparing to export its first shipments of iron ore from the Simandou mine, following the arrival on November 2 of two vessels—the...

Blue Gold secured $140 million to revive the Bogoso-Prestea mine amid a legal dispute over its ownership. Local firms like Health GoldFields and Engineers & Planners are emerging as key players in gold mining. The trend reflects a regional push for stronger local participation in West Africa’s mining industry. On November 5, Nasdaq-listed miner Blue Gold announced that it...

Prospect Resources will sell its 90% stake in the Step Aside Lithium project in Zimbabwe. The sale proceeds will fund development of its Mumbezhi copper project in Zambia. Weak lithium prices contrast with strong copper demand and rising market prices. Australian miner Prospect Resources announced on November 5 the signing of an agreement to sell its 90% stake in the Step Aside...

The UAE imported 748 tons of gold from African countries in 2024, up 18% year-on-year. Togo, Uganda, and Rwanda topped exports to Dubai despite limited domestic production. SWISSAID links part of Sudan’s exports to networks tied to armed groups. The United Arab Emirates (UAE) imported 748 tons of gold from African countries in 2024, an 18% increase from the previous year. Africa...

Africa’s sports economy surges toward $20B by 2035, driven by youth, streaming, and rising demand for local and global competitions. Bolloré’s Canal+ takeover of MultiChoice unites SuperSport & Showmax, creating Africa’s biggest sports media powerhouse. The merger reshapes African sports culture—bringing local heroes, leagues, and global events to viewers in their own...

World Bank values the region’s forest ecosystem services at $1.15 trillion in 2020. Only $7.8 billion of that was captured by national economies in the same year. The Bank urges stronger carbon market access and better forest finance systems. Countries in the Congo Basin are capturing only a fraction of the true value of the ecosystem services their forests provide to...

Morocco could generate up to 66.8 TWh of electricity per year from rooftop solar installations. This capacity could cover 98% of the charging needs for 2.5 million electric vehicles by 2035. The study calls for clearer regulations to accelerate solar self-production and EV integration. A new study by the think tank Imal Initiative for Climate and Development, published on November...

PAK won FECIAC 2025’s Regional Integration Champion award after earning FCFA 35.3 billion in 2024, up 24% from 2023. The port handled 12.7 million tonnes in 2024, with FCFA 3.4 billion net profit and FCFA 183.36 billion balance sheet as of Dec 2024. PAK unveiled a 2,600 ha industrial zone to boost local processing and regional trade under Cameroon’s industrial growth plan. The...

Gold Standard certified the first African carbon credits eligible for the aviation offset scheme CORSIA. The credits come from Hestian’s clean cooking program, which distributes improved stoves in Malawi. Over 1.5 million credits were validated, marking a milestone for Africa’s carbon market integration. Gold Standard announced on November 5 that it has, for the first time,...

Egypt launched a new international bidding round for offshore oil and gas exploration. The tender covers four Red Sea blocks and remains open until May 3, 2026. Contract signings for awarded blocks are expected by 2027. Egypt has launched a new international bidding round for oil and gas exploration in the Red Sea. The announcement was made on November 4, 2025, by Minister of...