Oil demand expected to peak only in 2032, later than earlier forecasts Consumption to stay above 106 million barrels per day over the next decade Fossil fuels still cover about 80% of primary energy demand, WoodMac says Global oil demand will peak later than expected, according to the latest Energy Transition Outlook 2025 report from data provider Wood Mackenzie, cited by international...

Illegal cocoa exports to Côte d’Ivoire and Togo cost Ghana $1.1 billion 473,253 tons smuggled between 2021/2022 and 2024/2025 seasons Government raises farmgate prices and rewards informants to curb losses Ghana has lost about $1.1 billion in export revenue over the past four cocoa seasons due to illegal bean shipments to Côte d’Ivoire and Togo, according to the latest...

Q3 revenue rose to CFA875.7 billion ($1.6 billion), up 9.9% year-on-year EBITDAaL increased 7.8% to CFA305.3 billion Growth driven by mobile data, fiber, and expansion in Liberia and Burkina Faso Orange Côte d’Ivoire Group reported revenue of CFA875.7 billion, about $1.6 billion, in the third quarter of 2025, marking a 9.9% increase compared with the same period in 2024, according...

94% of Zambia’s debt restructuring process is completed, Musokotwane says Most bilateral creditors have signed or committed to debt agreements Talks with Afreximbank remain key to ending Zambia’s default status Zambia has completed 94% of its debt restructuring process, Finance and National Planning Minister Situmbeko Musokotwane said during a press briefing. He noted that the country...

(AMETRADE) - SIM Senegal 2025, West Africa’s leading mining event will take place from the 4th – 6th November 2025 under the patronage of His Excellency Bassirou Diomaye Diakhar Faye, President of the Republic of Senegal. Taking place on biennial basis since 2009, the 8th edition of the event is organised by the Ministry of Energy, Petroleum & Mines in partnership with AME Trade Senegal. A...

The Benin government adopted a decree establishing a regulatory framework for the tourist guide profession, defining access conditions, rights, and obligations. The measure aims to professionalize actors and enhance the quality of services to increase Benin's tourism competitiveness. The regulation supports the government’s ambition to raise the tourism sector's contribution to national GDP...

CMOC secured board approval for a $1.08 billion expansion of its Kisanfu copper mine in the Democratic Republic of Congo (DRC), targeting an average annual production increase of 100,000 tonnes. The expansion, expected to be operational by 2027, is part of a wave of Chinese projects, including JinChuan Group's Musonoi project (38,000 t/year capacity) and Zijin Mining's optimization at...

Dangote Cement recorded a 166.3% surge in net profit for the first nine months of 2025, reaching 743.3 billion naira (approx. $511 million). The improved performance stemmed primarily from a 25.85% increase in the average selling price and strong operational efficiency, offsetting a 2% volume drop. The Nigerian market remained dominant, driving a 42.4% revenue increase in the region,...

The Nigerian Energy Commission (ECN) signed a Memorandum of Understanding (MOU) with London-based UNIDACO Limited for a €100 million (approx. $116.2 million) investment. The financing targets developing renewable energy production and strengthening industrial capacity under the government's "Renewed Hope" program. The partnership aims to leverage clean energy to help Nigeria...

The G20 Common Framework has only reduced the total external debt value of highly indebted low-income countries by 7%, or $13.6 billion. Only two of the four countries that applied—Ghana ($9.3B relief) and Zambia ($4.3B relief) —have secured effective debt relief. The mechanism's "very mixed track record" has led eligible low-income countries, including African states like Kenya and...