Funds to boost Sadiola output, expand Kurmuk plant capacity Targeting 800,000 oz gold production annually by 2029 Allied Gold announced on Thursday, October 16, that it is launching a share placement aimed at raising approximately C$175 million (about $124 million) to fund ongoing work at its Sadiola and Kurmuk gold mines in Mali and Ethiopia, respectively. The company plans to offer...

Orezone earns $68.7M in Q3 from Bomboré gold sales Higher gold prices offset 27% drop in sales volume Output set to rise with new plant, post-rainy season recovery Orezone Gold reported revenue of $68.7 million from its Bomboré gold mine in Burkina Faso for the third quarter of 2025, according to the company’s operational report released on Wednesday, October 15. The revenue...

Drones to aid soil health, pest control, and input efficiency High costs, skills gap challenge access for smallholder farmers The Kenyan Ministry of Agriculture, through its Agricultural Information Resource Centre, is developing a national roadmap to deploy drone technology across farms nationwide. The initiative is a collaboration with Fahari Aviation, a subsidiary of Kenya Airways...

BYD to install 200-300 EV chargers in South Africa by 2026 Fast-charging stations powered by grid or solar in off-grid areas Move marks major push into Africa’s top auto market Chinese automaker BYD plans to install between 200 and 300 fast-charging stations across South Africa by the end of 2026, Tech media outlet TechCentral reported last Thursday, quoting Executive Vice President...

DRC, Hydro-Link sign $1.5B deal for Angola power line 1.2 GW to supply Congo’s mining zone by 2029 U.S. agencies to support financing, feasibility, and export credits The Democratic Republic of Congo (DRC) has signed a Memorandum of Understanding (MoU) with U.S.-based Hydro-Link LLC to build a 1,150-kilometer transmission line that will import 1.2 gigawatts (GW) of electricity from...

Angola’s Port of Namibe receives four Japan-financed support vessels $600M terminal upgrade boosts ore export capacity to 10M tonnes Investments aim to cut costs, link DRC and Zambia to global markets The Port of Namibe in southern Angola has taken delivery of four new specialized vessels to support operations at its container terminal and the adjacent Saco Mar ore terminal. The new...

AXIAN acquires 85.6% stake in Zambia's Bangweulu Solar plant 54.3 MWp facility powers 82,500 homes under 25-year PPA Move marks AXIAN’s entry into Zambia, expands African footprint AXIAN Energy, the renewables subsidiary of the AXIAN Group, announced on Thursday, October 16, that it has acquired an 85.6% controlling stake in the Bangweulu Solar PV plant, located in Zambia’s Kafue...

Cameroon seeks first local-currency credit rating from Bloomfield Aims to boost regional investor confidence, diversify funding sources Move supports shift from foreign to domestic debt strategy The Cameroonian government has hired Bloomfield Investment Corporation, an Ivorian rating agency, to secure its first sovereign credit rating in local currency (XAF). The move aims to boost...

Diaspora sent $990M to CEMAC via mobile money in 2023 Europe led transfers; Cameroon dominated digital transaction volume Mobile money reshapes remittances, boosts financial inclusion in region Mobile money has fundamentally changed how the diaspora sends money to the Central African Economic and Monetary Community (CEMAC) region. Migrants from the six member states transferred 557.3...

Over 70% of key bacteria resist standard treatments in Africa WHO urges urgent action to prevent global health crisis Antibiotic resistance now affects one in five infections across Africa, surpassing the global average, where one in six laboratory-confirmed bacterial infections are resistant to standard treatments, according to the World Health Organization’s (WHO) 2025 Global...