Kamoa-Kakula to receive 50 MW from Inga II dam starting November Full 178 MW rollout by 2027 as power grid upgrades progress Site to reach energy independence via hydro and solar by mid-2027 Ivanhoe Mines announced that its Kamoa-Kakula copper complex will begin receiving an initial tranche of 50 megawatts (MW) of power from the Inga II hydroelectric dam in November. The...

Producers in Ituri see prices fall to $2.70/kg; poor fermentation blamed Gov’t targets 3M tons by 2030, eyes reforms and security for plantations Export prices for cocoa, a key commodity for the Democratic Republic of Congo (DRC), have plummeted sharply, according to the External Trade Ministry’s latest commodity price index for the period of October 20 to 25, 2025. The...

KenGen, Kaishan to build geothermal-powered green fertilizer plant in Kenya Plant to produce up to 300,000 tons annually over 30 years KenGen posts $81M profit, advances regional green energy expansion strategy Kenya Electricity Generating Company (KenGen) announced on Monday, November 3, that it has signed an agreement with China’s Kaishan Group for the construction of a...

Ghana holds talks to address energy debt and tighten sector oversight New inspector, stricter rules, and regional coordination planned for reforms Energy debt may hit $8.4B by 2027 without urgent financial discipline Ghana’s Energy Commission met with independent power producers (IPPs) and public institutions in Accra on Wednesday, October 29, 2025, to strengthen regulatory...

EIB invests €20M in fund aiding EU SMEs' Africa expansion Amethis fund targets growth sectors to build EU-Africa business ties Investment aims to boost tech transfer, jobs, and local supply chains The European Investment Bank (EIB) announced on Friday, October 31, 2025, a 20 million euro (approximately $23 million) investment in the Amethis Europe Expansion fund. The...

COBAC raises bank capital requirement to 25 billion CFA francs from 10 billion Compliance deadline extended to 2029 as most banks face shortfalls Reform aims to boost financial resilience and regional market funding The Central African Banking Commission (COBAC) will almost quadruple the minimum capital requirement for banks in the Central African Economic and Monetary Community...

Brazil, the United States, and China dominate the global soybean trade. The ongoing tariff dispute between Washington and Beijing is holding market participants in suspense and continues to impact soybean prices. The most-active soybean futures contract on the Chicago Board of Trade (CBOT) rose 1% on Monday, November 3, to settle at $11.26 per bushel, its highest level since July 2024. The...

The Bank expects a 41% rise in 2025 and a further 6% increase in 2026. Gold topped $4,000 an ounce in October, driven by strong investment demand. Prices may only ease in 2027 amid monetary and geopolitical shifts. The World Bank expects precious metal prices to remain elevated through 2026 before a mild correction in 2027, according to its latest Commodity Markets Outlook...

IISD urges African producers to strengthen tax policy, infrastructure, and local markets. Fiscal incentives alone have delivered mixed results across mining economies. Stable laws and reliable energy are essential to attract refining investment. Improving regulatory frameworks, developing infrastructure, granting fiscal incentives for local processing, and expanding domestic...

OMV made a combined oil and gas discovery on onshore block 106/4. Tests showed output of 4,200 barrels of oil and 2.6 million cubic feet of gas per day. The find marks the company’s first successful result since resuming Libyan exploration. Austrian energy group OMV has announced a new oil and gas discovery in Libya’s Sirte Basin, more than a year after resuming exploration...