• Côte d’Ivoire inaugurates the BMPA in Abidjan with cashews, corn, and kola nuts as initial listings.• The platform replaces over-the-counter trading with a regulated, electronic system to improve transparency and boost food sovereignty.• Backed by the BRVM since 2018, the BMPA is the first commodities exchange in both Côte d’Ivoire and the WAEMU. Seven years after its announcement,...

• Thor Explorations generated $64 million from Segilola mine in Q1 2025.• Gold sales rose 30%, with average price per ounce up 34% year-on-year.• Net profit reached a record $34.4 million for the quarter. Thor Explorations, operator of Nigeria’s only industrial gold mine, nearly doubled its quarterly revenue in Q1 2025. The company sold 22,750 ounces of gold from the...

• Agip, a unit of Eni, wins appeal in the long-running OPL 245 dispute.• Nigerian court rules Malabu’s claim was filed too late to proceed.• Verdict bolsters Agip’s legal position on the oil block, with no current challenges. In the high-profile OPL 245 affair tied to Nigeria’s oil sector, the Abuja Appeal Court has overturned a December 2020 decision that had allowed a case by...

Prime Minister Ousmane Sonko officially launched the second edition of the Invest in Senegal Forum (FII Senegal 2025) this Tuesday, scheduled to take place on October 7 and 8, 2025, at the Abdou Diouf International Conference Center (CICAD) in Diamniadio, located 25 km from Dakar. This major event is part of the Senegal Vision 2050 and represents a decisive milestone in the structural...

• Africa, home to 30% of global critical mineral reserves, is projected to receive $50 billion in production investments by 2040.• Most of this funding will target copper, with cobalt drawing smaller shares.• The IEA urges faster moves from African nations to convert interest into concrete projects. Africa holds about 30% of the world's reserves of critical minerals and is...

• Petrobras signs two new cooperation agreements with Angola’s Sonangol and oil regulator ANPG as part of its return to African oil and gas.• The agreements cover joint studies and research in oil and gas, without immediate financial commitments.• This marks Brazil’s renewed energy partnership with Angola and a broader Petrobras strategy to re-enter African markets. Brazil’s...

New draft policy links telecom licenses to local investment commitments Starlink's entry could be easier, though officials deny favoring Elon Musk’s firm Public consultation on the proposal is open for 30 days before any final decision Yesterday, South Africa’s Minister of Communications and Digital Technologies, Solly Malatsi, defended a new draft policy direction before...

• Egypt is doubling the storage capacity of its main edible oil terminal in Alexandria to 150,000 tons to improve food security.• The move comes amid growing domestic demand and global price volatility, with soybean oil imports set to quadruple in 2024/2025.• The project is part of a national strategy to upgrade storage and distribution infrastructure for critical food supplies. Egypt,...

• Swedfund joins Novastar Ventures' third fund with a $10 million commitment to back green startups in Africa• The fund targets clean energy, sustainable agriculture, and circular economy businesses in Kenya and Nigeria• Novastar's growing portfolio includes ventures like BasiGo and energy-from-waste innovations Swedfund, Sweden’s development finance institution, has...

Africa Finance Corporation lends about $113 million to Mota-Engil Africa to carry out gold mining projects in Ivory Coast and Mali The funds will be used to buy equipment and expand operations, helping create jobs and bring in more foreign exchange The project builds on a long-standing partnership between AFC and the construction firm Africa Finance Corporation (AFC), a...