President João Lourenço announced the creation of the Angolan Space Agency to manage national space activities. The agency will oversee projects including the Angosat-2 telecommunications satellite and the upcoming Angeo-1 Earth observation satellite, built by Airbus for €225 million ($263.6 million). The initiative aims to make Angola a producer of space technologies, not just a...

Innoson Vehicle Manufacturing (IVM) will build a compressed natural gas (CNG) vehicle assembly plant in Bayelsa State, creating over 1,000 jobs. The initiative supports Nigeria’s $10 billion CNG market expansion, following the removal of fuel subsidies and a sharp rise in petrol prices to 900 naira per liter. The project aligns with the government’s energy transition strategy to...

United Capital Fertiliser (UCF) signed a $1.4 billion financing deal to expand its urea plant in Chilanga, near Lusaka. The expansion aims to double production capacity to 1.6 million tonnes per year, with support from Chinese partners. Zambia imported 796,713 tonnes of fertiliser in 2024, making it Africa’s third-largest importer after Ethiopia and Kenya. United Capital Fertiliser...

Segilola produced 22,617 ounces of gold in Q3 2025, up 12% year-on-year. Year-to-date output reached 68,191 ounces, aligning with Thor Explorations’ 2025 target of 85,000–95,000 ounces. Thor CEO Segun Lawson said the mine remains on track to meet both production and cost guidance for 2025. Thor Explorations Ltd. reported that gold production at Nigeria’s Segilola mine increased...

Dalaroo to acquire Red Rock’s Ivorian gold assets for A$715K Deal includes seven exploration permits, pending due diligence Move follows rising investor interest in Côte d’Ivoire gold sector Australian Securities Exchange (ASX)-listed junior miner Dalaroo Metals has reached an agreement to acquire the entire portfolio of Ivorian gold exploration assets held by Red Rock Resources. The...

Citrus exports via Transnet terminals up 19% in 2025 R3.4B invested to boost port efficiency, new R4B plan underway Report cites major gains in vessel turnaround, crane operations South African state logistics firm Transnet reported a surge in activity at its main container terminals for the citrus season ending in September 2025, with export volumes up 19% compared to the previous...

Tunisia seeks $3.7B loan from central bank in 2026 Economists warn of inflation, liquidity risks from domestic borrowing IMF talks stalled; budget deficit at 6.3% of GDP Facing tight access to external financing and a prolonged budget deficit, the Tunisian government plans to seek an exceptional $3.7 billion loan from the Central Bank of Tunisia (BCT) in 2026, according to the...

China’s CRBC to build new oil refinery in Gabon Project aims to boost fuel supply, cut import reliance Over 20,000 jobs expected during refinery construction phase China Road and Bridge Corporation (CRBC) has launched a project to build a new crude oil refinery in the southwestern city of Port-Gentil, local media reported on October 15, 2025. The Chinese state-owned group is said to...

Mali approves ESIA for Toubani’s Kobada gold project Final permits pending; gold output targeted for 2027 $259M financing plan announced, subject to approvals Toubani Resources announced on Thursday it had received official government approval in Mali for the Environmental and Social Impact Assessment (ESIA) for its Kobada gold project. This key regulatory clearance is a significant...

Maritime piracy cases rise to 116, highest since 2021 Singapore Strait reports 73 attacks, worst since 1991 IMB urges stronger regional cooperation to boost vessel security Global maritime piracy and armed robbery incidents rose to 116 in the first nine months of 2025, a significant jump from 79 during the same period last year. This marks the highest nine-month total since 2021,...