Nigeria lost $3.3B oil to theft, vandalism in 2023-2024 NEITI to launch ownership register, track oil cargoes in real-time Reforms aim to boost transparency, cut revenue leakages The Nigeria Extractive Industries Transparency Initiative (NEITI) is stepping up efforts to boost oil revenue traceability, aiming to curb losses from theft and vandalism of energy infrastructure....

The country is negotiating to ease the 30% tariffs imposed by Washington in August. The U.S. is South Africa’s second-largest trade partner with $17.6 billion in 2023 trade. The tariff hike and AGOA suspension threaten jobs, especially in the auto sector. South Africa is exploring the possibility of a new trade deal to reduce the 30% tariffs imposed in early August on its...

Verity now holds 100% of a 1,800 km² copper asset portfolio in Botswana. The company acquired BCL Investments’ 66% stake for $206,060. Key assets include Maibele North and other high-grade copper-silver prospects. Verity Resources announced yesterday it now fully controls a 1,800 km² portfolio of mining assets in Botswana, mainly focused on copper. The development follows...

Copper prices hit $10,775/t, their highest since May 2024, driven by a weak dollar and recent mining disruptions. UBS expects tight supply to lift prices further, while Goldman Sachs sees stabilization near $10,000–$11,000/t. Zambia and DRC stand to gain fiscally as strong copper prices boost revenues and support local currency stability. The value of copper futures...

French infrastructure fund STOA has made a $27 million equity investment in Atlas Tower Kenya (ATK) to fund the company's expansion and a transition to sustainable energy. The capital will directly fund the deployment of solar power and battery storage systems across ATK's 450-tower network, aiming to reduce diesel consumption, which constitutes 20-40% of operational costs for tower...

Yango Group, through its $20 million venture fund, has made a strategic investment in Zanifu, a Kenyan B2B fintech specializing in inventory financing for SMEs, according to a press release signed on October 13, 2025. The investment targets a platform with demonstrated scale, having already deployed tens of millions of dollars in capital to a base of 15,000 business...

The West African Development Bank held the first board meeting of its new foundation. Two thematic funds will target emergency solidarity and knowledge promotion. A 2026–2028 strategic plan will guide its social and environmental initiatives. The West African Development Bank (BOAD) has taken a new step in its institutional development with the creation of the BOAD Foundation,...

Debt service could cut Gambia’s growth by 1.2 GDP points between 2025 and 2028. Public debt fell to 71.2% of GDP in 2024 but still poses high sustainability risks. Reforms aim to strengthen debt management and maintain budget discipline. The World Bank projects that external debt service will reduce Gambia’s economic growth by about 1.2 percentage points of GDP between 2025 and...

• KEFI Gold and Copper is set to sign a $240 million financing deal for Ethiopia’s Tulu Kapi gold project, marking a significant milestone.• The $420 million project is fully permitted, with construction planned to start in 2025 and gold production targeted for early 2027.• Tulu Kapi will create 1,500 jobs, boost Ethiopia’s gold exports, and support the growth of the mining...

• Mali will now require U.S. nationals to post a visa bond of $5,000 or $10,000, mirroring new American visa conditions for Malians.• Bamako says the U.S. measure violates a 2005 bilateral visa agreement between the two countries.• The decision comes amid strained diplomatic relations since Mali’s 2020 and 2021 coups. Mali’s government said on Sunday, October 12, that it will...