Cameroon's Constitutional Council declared Paul Biya the winner of the presidential election, securing 53.66 percent of the vote amid a tense political climate. In the Ivory Coast, President Alassane Ouattara is expected to win a fourth term after an election in which his main political rivals were disqualified. Issa Tchiroma finished second in Cameroon with 35.19 percent of the vote,...

Sub-Saharan Africa youth jobless rate lower than EU’s in 2025 ILO: 71.7% of African youth in precarious employment EU faces higher jobless rates but stronger labor protections Sub-Saharan Africa’s unemployment rate among people under 25 was lower than the European Union’s between July 2024 and July 2025. According to Eurostat, the EU’s statistical agency, youth...

The Petroleum Training Institute warns Africa’s oil reserves could lose value amid the energy transition. The continent’s dependence on foreign technology limits its capacity for low-carbon extraction. Experts urge more investment in local innovation and regional cooperation in oil research. If Africa does not rapidly close its technological gap, the 125 billion barrels of oil...

EU launches €2M deforestation-free cocoa project in Ghana Targets 5,000 farmers, 1,000 hectares agroforestry rehab Aims to meet 2025 EU import rules, protect key export sector The European Union (EU) has launched a three-year program in Ghana aimed at making cocoa production more sustainable, traceable, and compliant with the EU Deforestation Regulation (EUDR). In a statement...

Rhino plans appraisal, flow tests in Namibia’s Orange Basin Goal: confirm oil, gas potential before development phase Production targeted by 2030 using offshore FPSO systems Rhino Resources is preparing a new drilling and testing campaign in its PEL 85 offshore block in Namibia’s Orange Basin, the company said. The goal is to confirm the commercial potential of its oil and condensate...

Aliko Dangote becomes first African worth over $30 billion Wealth boost driven by refinery launch, soaring stock values Plans to list refinery shares, expand production capacity Nigerian billionaire Aliko Dangote has become the first African with a net worth above $30 billion, according to the latest Bloomberg Billionaires Index update on Sunday, October 26, 2025. The index,...

Harmony Gold acquires MAC Copper for $1.01B, enters copper market CSA mine adds 40,000 tons annual copper output Deal aligns with gold miners’ shift toward energy transition metals South Africa’s Harmony Gold has completed the $1.01 billion acquisition of Australia-based MAC Copper Limited, the company said in a statement on Friday, October 24. The deal gives the...

Output hits 87,974 tons Jan-Sept Production from DRC mines faces new export quotas 2025 forecast cut amid market controls, oversupply concerns Chinese mining company CMOC Group reported its cobalt production reached 87,974 tons from January through September 2025, a 3% increase compared to the same period in 2024, according to an operational report released on Friday, Oct. 24. The output...

Dangote targets $100B annual revenue within five years Growth driven by refinery, regional exports, Afreximbank support Calls for African industrialization to curb job and wealth outflows Nigerian billionaire Aliko Dangote said on Saturday, October 25, that he expects the Dangote Group to reach $100 billion in annual revenue within the next five years. He said he would count on...

Morocco to phase out coal power by 2040 Coal made up 62% of electricity, 48% of emissions in 2023 Plan aligns with global trend, boosts renewables by 2030 Morocco has confirmed its intention to progressively phase out coal from its electricity production by 2040. This target is outlined in the updated version of the country's Nationally Determined Contribution (NDC 3.0), which sets...