Ethiopia and two UN agencies launched two national programs valued at $419.34 million for the 2025-2030 period. The programs focus on human capital development, gender equality, resilience, governance, and inclusive growth. The initiatives align with Ethiopia's ten-year development plan and economic reform 2.0. The United Nations Population Fund (UNFPA) and the United Nations...

Mozambique's Balama mine delivered 26,000 tonnes of graphite in Q3 2025, marking its first full quarterly output since restarting operations in June. Operator Syrah Resources sold 24,000 tonnes during the period, generating $15 million in revenue at an average price of $625 per tonne. Syrah confirmed it will continue running the mine in "campaign mode," conditioning production...

Amid the shift toward clean energy, the head of the International Energy Agency believes that the strategic hydropower sector is still being marginalized. Fatih Birol, Executive Director of the International Energy Agency (IEA), has reopened the discussion on hydropower's role in the global energy transition, arguing that it is frequently sidelined despite being the world's third-largest source...

Djibouti grants RSGT 30-year deal to develop Port of Tadjourah Project aims for 5M-ton capacity, links to Ethiopia’s trade corridors Plan includes free zone to boost investment and regional logistics role The Djibouti Ports and Free Zones Authority (DPFZA) finalized a 30-year concession agreement last week with Saudi Arabia’s Red Sea Gateway Terminal (RSGT) for the development and...

TotalEnergies, while announcing a $4.5 billion increase in the cost of its Mozambique gas project, requested a 10-year extension to its concession. This adjustment presents major economic and regulatory challenges for the Mozambican state. Four years after work was suspended following militant attacks in Cabo Delgado province, TotalEnergies is preparing to restart the Mozambique LNG...

Prime Minister Ousmane Sonko’s announcement to cut electricity, gas, and fuel prices aims to provide relief for households. While the decision was praised, it immediately caused the country's bonds to retreat. Senegal will redirect public spending to ease social pressures, cut prices for electricity, gas, and fuel “in the coming days,” Prime Minister Ousmane Sonko announced on...

Standard Bank lends $45M to PepsiCo bottlers in Kenya, Uganda Loans aim to boost production, local sourcing, and supply chains PepsiCo targets growth in East Africa’s expanding soft drink markets South Africa’s Standard Bank has extended $45 million in loans to two PepsiCo bottlers through its subsidiaries Stanbic Bank Kenya and Stanbic Bank Uganda. Crown Beverages Limited...

First 5,000 m drilling campaign to start in November 2025 Konahiri becomes firm’s second key exploration site after Didievi Company holds $10.5 million in cash to fund ongoing operations Australian miner African Gold announced on October 27 its plan to launch a diamond drilling campaign of at least 5,000 meters in November at its Konahiri gold project in Côte d’Ivoire. The move...

Mauritius ranks 22nd globally and 1st in Africa for lowest fraud risk Botswana and Morocco complete the continent’s top three performers Africa remains the most exposed region, with a regional score of 3.84 Mauritius, Botswana, and Morocco are Africa’s best-protected countries against digital fraud in 2025, according to the Global Fraud Index 2025 published on October 9 by Sumsub,...

Rainbow Rare Earths postpones Phalaborwa feasibility study to 2026 Project aims to recover rare earths from industrial residues DFC-backed venture expected to require $326 million investment In South Africa, UK-based mining company Rainbow Rare Earths now plans to complete the definitive feasibility study (DFS) for its Phalaborwa rare earths project in 2026. The announcement, made on...