New 10% royalty to apply from 2026 when gold hits $2,501 an ounce Move mirrors recent fiscal adjustments in Mali and Burkina Faso Rising prices lift revenue prospects but raise miners’ operating costs Zimbabwe plans to impose a 10% royalty rate on gold producers starting January 1, 2026, if the metal’s price is equal to or above $2,501 an ounce. The announcement...

IFC to provide strategic advisory support to help MOPO enter new markets MOPO relies on a pay-as-you-go solar battery rental model across six countries Partnership aims to advance the World Bank Group’s Mission 300 initiative MOPO, a United Kingdom-based company that specializes in solar battery rentals, announced on September 27 a strategic partnership with the International...

Environmental study confirms a 2026 start for the first 500 MW phase Project includes 1000 MW of solar capacity and 200 MWh of storage Egypt aims to raise renewable energy to 42% of its power mix by 2030 The environmental impact study for Egypt’s Dandara solar project, published on Tuesday, November 25 by the African Development Bank, indicates that the first phase will begin...

AEE Power plans a 14.04 MW hybrid mini-grid for the city Network to include solar, battery storage, and backup thermal generation System expected to serve up to 25,018 customers within five years AEE Power, a pan-African developer focused on power infrastructure in sub-Saharan Africa, plans to invest $42.7 million to build a 14.04 MW mini-grid to supply electricity to...

Government seeks CFA3104.2 billion in fresh financing for 2026 Funding need rises by CFA777.7 billion compared with last year Debt risk remains high as total obligations continue to climb Cameroon plans to raise CFA3104.2 billion ($5.5 billion) in new borrowing to help fund its 2026 budget, according to the draft finance bill submitted to Parliament. The planned amount is...

Spending plan reaches CFA8816.4 billion, up 14% from 2025 Special Accounts nearly double after creation of a new women and youth fund Financing needs total CFA3104.2 billion amid high debt-risk warnings The government submitted its draft 2026 finance bill to the National Assembly on Wednesday, November 26. According to the explanatory statement that Finance Minister Louis Paul...

Army general Horta N’Tam is sworn in as transition president for one year Ceremony follows a military coup and arrests of top political and security figures IMF sees 5.5% GDP growth in 2025 despite persistent political instability General Horta N’Tam, chief of staff of the army, was officially sworn in on November 27 as “president of the transition and head of the High...

Government creates a multisector commission to implement drug-testing rules in schools and training centers. Medical teams will conduct periodic screenings and offer treatment without legal prosecution. Official data show rising addiction among youths, including 54,000 students who used psychotropic substances in early 2023. Algeria faces rising concern over drug use among...

Governments add 20 million children to school-feeding programs in two years, raising total beneficiaries to 87 million.  Studies show school meals sharply reduce absenteeism and dropouts while improving academic scores. Local procurement models generate major economic gains, including USD 23 million injected into Benin’s economy in 2024. Africa faces persistent education...

South Africa secured adoption of a G20 declaration despite the absence of the United States and several major leaders. The final text advances African priorities on debt relief, climate finance, and strategic minerals. Washington accused Pretoria of “instrumentalising” its presidency after the summit concluded. The G20 summit convened for the first time on African soil in...