• Ruslan Obiang Nsue, son of President Teodoro Obiang, jailed for illegal aircraft sale.• Sentence may be suspended if he repays CFA144.2m ($255,000) plus fines and damages.• Case comes as national carrier Ceiba faces financial troubles and planned privatization. Ruslan Obiang Nsue, one of the sons of Equatorial Guinea’s President Teodoro Obiang Nguema Mbasogo, was sentenced on August 26...

• Burkina Faso and the UN seek to reopen dialog after a high-level meeting in Ouagadougou.• Talks follow the expulsion of the UN resident coordinator over a disputed report on child soldiers.• UN aid to Burkina Faso topped $505 million in 2024, with 2.7 million people facing food insecurity. Burkina Faso and the United Nations agreed to rekindle cooperation after a meeting on August...

• Ghana signs $5 billion agreement with Qatar’s Al Jedad Holdings for a fertilizer plant.• Project to be built in Atuabo Petroleum Hub with Granum Limited, creating 2,000 jobs.• The plant will reduce fertilizer imports and position Ghana among West Africa’s producers. Ghana’s Ministry of Food and Agriculture announced yesterday a partnership with Qatari energy group Al Jedad...

Egypt signs $220 million deal with investors from UAE, Bahrain, and China. Project will build solar cells, panels, and a storage plant on 200,000 m² in three years. Atom Solar Egypt to create 841 jobs and boost the Suez Canal zone as a clean energy hub. Egypt signed a $220 million deal yesterday with investors from the United Arab Emirates, Bahrain, and China for the...

Egypt brings Zohr-6 well online, adding 65 million cubic feet/day to national gas output. The move aims to offset decline in Zohr field, which saw production drop from 2.7 bcf/day to 1.9 bcf/day. Egypt has increased LNG imports, negotiating 300 cargoes through 2026 to meet domestic demand. CAIRO – Egypt has commissioned the Zohr-6 well in its giant Zohr gas field, adding...

 Cameroon Telecommunications (Camtel) uses only 16% of its four submarine cable capacities. A Supreme Court report highlights underutilization, citing low internet penetration and high transit costs. The NBN I project, funded by Exim-Bank of China, aimed to boost connectivity. Cameroon Telecommunications (Camtel), the sole concessionaire of the national fiber optic network, is...

Qatari conglomerate Al Mansour Holdings signs $20 billion deal with Mozambique. Investments to target energy, agriculture, infrastructure, and tourism. Move follows $12 billion commitment in Botswana and $19 billion in Zambia earlier this month. Qatari private conglomerate Al Mansour Holdings will invest $20 billion in Mozambique, the presidency announced on...

36.8% of artisanal cobalt miners in the DRC say they are victims of forced labour, while 56.9% report suffering from broader forms of severe exploitation, according to a University of Nottingham report. 1,431 miners were surveyed across Lualaba and Haut-Katanga, provinces that supplied 76% of global cobalt output in 2024. The report highlights long working hours, unsafe conditions,...

JCR affirms Afreximbank’s A- rating with stable outlook Cites strong solvency, prudent risk management, consistent profitability Rating boosts access to Japan’s markets, contrasts Fitch downgrade Japan Credit Rating Agency (JCR) has confirmed a credit rating of A- for African Export-Import Bank (Afreximbank), with a stable outlook for the next 12 to 18 months, according to a...

Angola’s Etu Energias boosts reserves to 106M barrels in 2024 New projects, higher stakes drive production and financial growth Reports $215M profit, IPO planned for 2026 amid national decline Etu Energias, Angola's largest independent oil producer, increased its proven and probable crude reserves from 36 million to 106 million barrels between 2023 and 2024. The company has...