TotalEnergies, while announcing a $4.5 billion increase in the cost of its Mozambique gas project, requested a 10-year extension to its concession. This adjustment presents major economic and regulatory challenges for the Mozambican state. Four years after work was suspended following militant attacks in Cabo Delgado province, TotalEnergies is preparing to restart the Mozambique LNG...

Prime Minister Ousmane Sonko’s announcement to cut electricity, gas, and fuel prices aims to provide relief for households. While the decision was praised, it immediately caused the country's bonds to retreat. Senegal will redirect public spending to ease social pressures, cut prices for electricity, gas, and fuel “in the coming days,” Prime Minister Ousmane Sonko announced on...

Standard Bank lends $45M to PepsiCo bottlers in Kenya, Uganda Loans aim to boost production, local sourcing, and supply chains PepsiCo targets growth in East Africa’s expanding soft drink markets South Africa’s Standard Bank has extended $45 million in loans to two PepsiCo bottlers through its subsidiaries Stanbic Bank Kenya and Stanbic Bank Uganda. Crown Beverages Limited...

First 5,000 m drilling campaign to start in November 2025 Konahiri becomes firm’s second key exploration site after Didievi Company holds $10.5 million in cash to fund ongoing operations Australian miner African Gold announced on October 27 its plan to launch a diamond drilling campaign of at least 5,000 meters in November at its Konahiri gold project in Côte d’Ivoire. The move...

Mauritius ranks 22nd globally and 1st in Africa for lowest fraud risk Botswana and Morocco complete the continent’s top three performers Africa remains the most exposed region, with a regional score of 3.84 Mauritius, Botswana, and Morocco are Africa’s best-protected countries against digital fraud in 2025, according to the Global Fraud Index 2025 published on October 9 by Sumsub,...

Rainbow Rare Earths postpones Phalaborwa feasibility study to 2026 Project aims to recover rare earths from industrial residues DFC-backed venture expected to require $326 million investment In South Africa, UK-based mining company Rainbow Rare Earths now plans to complete the definitive feasibility study (DFS) for its Phalaborwa rare earths project in 2026. The announcement, made on...

Proposed budget set at 33 trillion kwanzas ($36.05 billion) Drop reflects lower oil income and tighter global financial conditions Economy expected to grow 2.6% in 2026 after slowdown this year The Angolan government has proposed a 2026 budget of 33 trillion kwanzas ($36.05 billion), a 4.7% decline from the previous year’s 34.63 trillion kwanzas, following a cabinet meeting on October...

New UN report projects 10% drop in emissions by 2035 if pledges are met Current efforts still fall short of Paris Agreement’s 1.5°C and 2°C targets Findings come two weeks before COP30 summit in Belém, Brazil Global greenhouse gas emissions could decline by about 10% by 2035 if countries fully implement their current climate plans, according to the latest report from the United...

Profit down 23.3% in H1 2025 due to higher loan-loss provisions Non-bank subsidiaries post strong double- and triple-digit gains Group revenue up 13.8%, led by credit and digital services growth Access Holdings, the Nigerian financial group, reported a decline in profit for the first half of 2025 despite solid operational performance and strong growth from its non-banking...

SA FinTech credit surged 38% to $2.9B (R55B), challenging banks' core market and projected to hit $17.7B (R337B) revenue by 2030. Foreign funds, holding most SA bank capital, face new risk: not credit default, but margin erosion as FinTechs capture growth in digital services Banks remain robust (19.5% ROE), but valuation contraction shows the market demands innovation to protect...