WIA Gold estimates Kokoseb will cost $358.8 million to build, with average output of 146,000 oz/year over 11 years. The project has a post-tax NPV of $646 million and IRR of 38%, with a 1.8-year payback at $2,600/oz gold. A definitive feasibility study is due in H2 2026, as WIA seeks permits and continues exploration. WIA Gold will need $358.8 million to build a...

AGOA expired Sept 30, ending 25 years of duty-free U.S. access for over 30 African nations. Key exporters face steep tariffs, which threaten jobs in textiles, citrus, automobiles, and vanilla. Africa pivots toward the AfCFTA and new partners, including China, India, and the EU, to reshape its trade. The African Growth and Opportunity Act (AGOA), a key U.S. trade policy toward...

TotalEnergies has pushed the restart of its Mozambique LNG project to 2029. The $20 billion project has been on hold since 2021 due to violence in Cabo Delgado. Annual output of 13 million tons of LNG will not reach markets before the new date. French energy major TotalEnergies has set a new timeline for one of its flagship African projects. In May, the company had targeted an...

The Bank of Central African States kept key rates unchanged at its September 29 meeting. CEMAC growth is forecast to slow to 2.6% in 2025, weighed down by oil and gas output. Inflation is easing, but budget and current account deficits are set to widen. The Bank of Central African States (BEAC) has decided to keep its key rates unchanged, the Monetary Policy Committee (CPM) said in...

Intra-EAC trade grew 22% in 2024 to over $11 billion, UN Economic Commission says. Growth was driven by agricultural and manufactured goods, including textiles and cement. Intra-African trade also rose, supported by AfCFTA and a new 35% common external tariff. Trade within the East African Community (EAC) rose by 22% in 2024 compared with 2023, surpassing $11 billion for...

Climate change could cut Uganda’s growth by 3.1% by 2050 without adaptation measures. Agriculture, 24% of GDP and employer of 72% of the workforce, faces severe risks. Uganda needs $28 billion for adaptation by 2030 but has secured only a fraction so far. Uganda’s economic growth could fall by 3.1% by 2050 if no adaptation measures are taken against climate change,...

Nigeria secured a $500 million World Bank loan for the BRIDGE digital backbone project. The $1.6 billion plan will extend the national fiber network from 35,000 km to 125,000 km. Broadband penetration dropped to 48% in July 2025, underlining the urgency of the project. The World Bank on Tuesday, September 30, approved a $500 million financing package for Nigeria...

Mali’s industrial gold output reached 26.2 tons by August 2025, down 32% year-on-year. The closure of Barrick’s Loulo-Gounkoto mine in early 2025 heavily weighed on production. Lower output threatens state revenue despite gold trading above $3,800 an ounce. By the end of August 2025, Mali’s industrial gold production stood at 26.2 tons, down 32% year-on-year and 22.5%...

Equatorial Guinea will open a new oil and gas licensing round in April 2026, offering 24 blocks. Oil output has fallen from 241,000 barrels per day in 2010 to 55,000 in 2023, pushing major firms to exit. Malabo is betting on gas projects, including a $690 million deal with Chevron and a $4.5 billion LNG plan. Equatorial Guinea will open a new oil and gas licensing round...

Equatorial Guinea signed a $690 million deal with Chevron to develop the Aseng gas project. The project comes as the country’s oil output has fallen to around 55,000–62,000 barrels per day in 2025, far below the 2010 peak. Gas from Aseng will supply Punta Europa’s LNG plant, part of the national strategy to boost exports. Equatorial Guinea and Chevron, through its...