The International Energy Agency (IEA) projects a record oil surplus of 4 million barrels per day (bpd) in 2026. Global oil supply is expected to reach over 106 million bpd in 2026, up 4.5% from 2024. Brent prices have dropped about 15% since Q2 2025, currently trading between $62 and $67 per barrel. The International Energy Agency (IEA) expects a significant oil surplus in...

Saudi Exim Bank has opened its first African representative office in Casablanca, Morocco, to expand its regional footprint and boost Saudi non-oil exports. The bank previously signed major cooperation agreements with Shelter Afrique, Standard Bank South Africa, and UBA to finance infrastructure and trade projects across Africa. Bilateral trade between Saudi Arabia and Morocco reached 26.4...

Namibia confirms it has assembled the full amount necessary to redeem its largest-ever sovereign debt—$750 million due October 29. The redemption will draw down foreign reserves by about 25 %, from N$63 billion to N$47 billion by year-end. The government plans modest reserve recovery in 2026 and is exploring currency swap lines to support reserve stability. Namibia faces its largest...

Egypt plans to finalize a new debt-swap agreement with European partners before the end of 2025. The deal aims to convert part of Egypt’s external debt into financing for development projects in water, energy, and climate sectors. The country, under an IMF program, seeks to ease fiscal pressure amid inflation, currency depreciation, and falling Suez Canal revenues. Egypt plans to...

Lion Rock Minerals has secured a firm commitment to raise A$8.6 million (about $5.6 million) to advance its Minta rutile and monazite project in Cameroon. Tronox Holdings, one of the world’s leading titanium producers, will fully fund the placement and acquire around 5% of Lion Rock’s capital. The funds will accelerate drilling and resource definition ahead of a maiden mineral...

DHL plans to invest €300 million (about $350 million) in warehouses and logistics infrastructure across Africa. Africa’s e-commerce market is projected to exceed $75 billion by end-2025, according to Knight Frank. The warehousing market in Africa and the Middle East is expected to reach $131.7 billion by 2030, up from $83.1 billion currently. DHL is preparing...

Sadiola mine output rose 7% year-on-year to 42,174 ounces in Q3 2025, marking the first quarterly increase this year. Allied Gold targets annual production of up to 205,000 ounces in 2025 and plans to lift capacity to 300,000 ounces per year after expansion. The mine expansion’s first phase is set for completion by end-2025. Allied Gold’s Sadiola mine in Mali produced 42,174...

Projected output: 840,000 ounces of gold (26 tonnes) over 8.1 years. Project valuation: Net Present Value (NPV) of $563 million, Internal Rate of Return (IRR) of 72%. Timeline: Start of production targeted for Q2 2028, feasibility study expected mid-2026.  Canada’s Fortuna Mining plans to bring its Diamba Sud gold project in Senegal into production by mid-2028, aiming for...

Projected output: 840,000 ounces of gold (26 tonnes) over 8.1 years. Project valuation: Net Present Value (NPV) of $563 million, Internal Rate of Return (IRR) of 72%. Timeline: Start of production targeted for Q2 2028, feasibility study expected mid-2026.  Canada’s Fortuna Mining plans to bring its Diamba Sud gold project in Senegal into production by mid-2028, aiming for...

The IMF’s October 2025 Fiscal Monitor examines fiscal sustainability and public spending efficiency amid sluggish post-pandemic growth, soaring debt, social pressures, and declining aid to low-income countries in Africa. It asks: how to “do more with less”? Reviving growth requires smarter budget composition and greater efficiency, not higher spending—essential for addressing the...