• The cash deal values Loncor at C$261 million and should close by early 2026.• Chengtun will buy all outstanding shares at C$1.38 each, pending approvals.• The Adumbi gold project holds 3.66 million ounces of resources. Loncor Gold, operator of the Adumbi gold deposit in the Democratic Republic of Congo, announced on October 14 it has entered into an arrangement agreement to be acquired...

• The five-year plan allocates 388 billion pulas to boost growth and jobs.• Focus areas include transport, housing, and water infrastructure.• The initiative comes amid diamond sector slowdown and weaker reserves. The Botswana government has unveiled a five-year, 388 billion pula (about $27 billion) plan to guide the country’s economic transformation and deepen diversification...

• New 10-year strategy aims to boost sugar production and processing capacity.• Sector faces high costs, outdated equipment, and limited irrigation infrastructure.• Higher output could expand exports to markets in the EU, U.S., and Africa. Zimbabwe plans to raise its annual sugar production to 800,000 tons within the next decade. This is the main goal of the new Sugar Industry Development...

• 8.1 million hectares of forests were lost in 2024, triple Rwanda’s land area.• Agriculture drives 86% of deforestation, with mining pressure rising.• Funding for forest protection remains far below global commitments. Nearly eleven years after the New York Declaration on Forests, which pledged to end deforestation by 2030, the problem remains acute, according to a new assessment report...

• Parliament adopts laws to modernize the judiciary and regulate police custody.• Reforms include new land and criminal chambers and limits on detention duration.• Rights groups say enforcement and judicial independence remain major challenges. Chad’s National Assembly passed two laws on October 13. The goal is to improve the justice system and strength citizens’ rights within judicial...

• The Bank urges Nigeria to raise excise taxes on alcohol, tobacco, and sugary drinks.• Current rates are among the lowest in ECOWAS and globally.• Higher taxes could fund health programs and improve fiscal fairness. The World Bank has suggested that Nigeria could significantly boost its public revenue and human capital investments by raising public health taxes. The recommendation was...

The European Union, through the European Investment Bank (EIB), granted Nigeria a €190 million ($219.5 million) credit line to strengthen financing for the cocoa and dairy sectors. The initiative aims to reduce lending risks, build institutional capacity, and expand long-term agricultural financing in Nigeria. Agriculture contributes 20% to Nigeria’s GDP but receives only 4% of total...

Allied Gold will deploy a hybrid energy program at its Sadiola gold mine, starting with 14 MW of diesel generators and expanding to 60 MW of solar power with 45 MWh of battery storage by 2028. The plan aims to cut energy costs by up to 45% and reduce gold production costs by $150–$200 per ounce. The investment underscores Mali’s growing shift toward renewable energy amid chronic...

The Great Zimbabwe National Monument stands as one of southern Africa’s most iconic archaeological sites, a silent witness to a thriving African civilization that flourished between the 11th and 15th centuries. Located near the modern town of Masvingo, the vast complex covers roughly 800 hectares and once served as the capital of a powerful kingdom whose legacy endures in the name of today’s...

Empower New Energy signed a new solar partnership in Tunisia with AR Solaire and Leoni Tunisia, enabling Leoni to generate power from 10 solar sites nationwide. The initiative will reduce Leoni’s energy costs by 40%, saving over $9 million. Empower is scaling up in North Africa with major projects in Egypt ($50 million, 40 MW) and Morocco (5.8 MW), strengthening its role in Africa’s...