Yaouré mine’s output up 12% to 194,486 oz in Jan-Sept 2025 Sissingué and Edikan mines report significant production declines Yaouré set to become Côte d’Ivoire’s first underground gold mine in 2026 Perseus Mining's Yaouré gold mine in Côte d’Ivoire produced 194,486 ounces of gold during the first nine months of 2025, marking a 12% increase year-on-year. This performance...

COBAC places Nofia S.A. under administration amid broader MFI crackdown in Cameroon Reforms target governance and internal controls; several MFIs already sanctioned Cameroon holds 81% of CEMAC’s bad microfinance loans, raising regional risk concerns La Nouvelle financière africaine (Nofia S.A.), a Category 2 microfinance institution, was placed under provisional administration for six...

ECCBC invests $77.6M to expand Morocco plant, boosting output by 40% New lines produce soft drinks and water for growing $1.1B market Expansion part of ECCBC’s broader push across West and North Africa The Moroccan subsidiary of Equatorial Coca-Cola Bottling Company (ECCBC), an authorized bottler for The Coca-Cola Company in West and North Africa, opened two new production...

EKH to sell 63.39% stake in Delta Insurance to Morocco’s Wafa Assurance Deal values Delta at EGP 5 billion; subject to regulatory approvals Acquisition expands Wafa’s reach in Egypt’s underpenetrated insurance market Egyptian Kuwaiti Holding (EKH) announced Thursday it has approved the sale of its entire 63.39% stake in Egypt’s Delta Insurance Company to Morocco’s Wafa Assurance...

Lindian Resources says Malawi export ban won’t affect Kangankunde project Malawi bans raw mineral exports to boost local processing and revenues Mining reforms aim to raise sector’s GDP share from 0.7% to 10% by 2063 Australian mining company Lindian Resources said Monday that its Kangankunde rare earths project in Malawi would not be impacted by the country's new policies requiring...

Seychelles and Mauritius top Africa’s investment rankings for 2025/26 Côte d’Ivoire climbs eight spots, Nigeria drops nine amid reforms Report ranks 31 economies using 20 indicators across four pillars Two island nations, the Seychelles and Mauritius, rank as Africa’s best investment destinations for 2025 and 2026, outperforming continental giants such as South Africa, Nigeria and...

Algeria dismissed Sonatrach CEO Rachid Hachichi after two years in office. Noureddine Daoudi becomes the third CEO in less than six years. Sonatrach prepares a $60 billion investment plan for 2025–2029. The Algerian government executed a new leadership change at Sonatrach on Sunday, October 26, 2025. The Ministry of Energy and Mines announced the dismissal of Hachichi and confirmed...

Ghana targets carbon neutrality by 2070 under a $550 billion transition plan.  Renewables represent less than 2% of the energy mix while fossil fuels exceed 60%. The plan expects to create about 400,000 jobs by 2060. Ghana advances its path toward carbon neutrality by 2070 under the National Energy Transition Plan (2022–2070). The government aims to increase the share of...

President Netumbo Nandi-Ndaitwah removes Industry, Mines and Energy Minister Natangwe Ithete. Namibia seeks to accelerate development of offshore hydrocarbons and green hydrogen. Mining contributed 14.4% of GDP in 2023 and includes uranium, diamonds and gold. The presidency announced on Sunday, October 26, the dismissal of Natangwe Ithete as Minister of Industry, Mines and Energy....

Nigerian financial group Finmal Finance presented plans to Chad authorities to establish the country's first Islamic bank. The initiative aims to diversify Chad's banking sector and expand financial access in a nation where formal banking penetration stands at a low 2.85%. Finmal Finance also expressed interest in investing in Chad's priority sectors: agriculture and logistics. Nigerian...