The first discovery was made in 1985, with Shell joining 20 years later, after Sunlink had farmed out a 40% equity stake. A final investment decision has been reached for the $2 billion HI gas project, targeting first production before 2030. The HI field is expected to supply 350 million standard cubic feet per day (mmscf/d) to Nigeria LNG’s Train 7, supporting national gas...

OCP may shift from being a fertilizer supplier to a producer in Kenya, with new plans for local blending and manufacturing under discussion. Diplomatic talks and site visits signal Kenya–Morocco cooperation to fast-track OCP’s plant, aligning with Ruto’s push for food sovereignty. Local output could cut import reliance by 40% by 2027, boost women farmers’ yields, and reinforce...

Chad's informal cattle exports to Cameroon rose 20.3% in 2024 Livestock trade worth $63M bypassed customs, boosted Chad’s rank Smuggling thrives in Far North; other regions saw sharp declines Informal cattle exports from Chad to Cameroon rose again in 2024, according to a report on cross-border informal trade by Cameroon’s National Institute of Statistics (INS). The...

• Presco plans $162M rights issue to raise capital• 166.6M shares offered at ₦1,420 each to shareholders• Funds to expand palm oil output, cut import dependence Presco Plc, one of Nigeria’s leading palm oil producers, plans to raise as much as 236.7 billion naira (about $162 million) through a rights issue to boost its capital base. The company has applied to the Nigerian...

(CMOC) - Tenke Fungurume Mining S.A. ("TFM"), a prominent copper cobalt mine in the Democratic Republic of Congo (DRC) operated by CMOC Group Ltd. ("CMOC"), today announced its successful completion of The Copper Mark re-audit, achieving "Fully Meet" across all 32 rigorous criteria. This significant achievement positions TFM as the first mine in Africa to not only be awarded The Copper Mark, but...

• Safran invests 3.5 billion dirhams to build aircraft engine complex in Nouaceur• Facility to assemble and test 350 engines annually and create 900 jobs• Project strengthens Morocco’s growing aerospace manufacturing ecosystem Morocco’s King Mohammed VI attended on October 13, 2025, the launch of construction for a new aircraft engine complex by French group Safran in the province of...

• Trade deficit reaches 16.7 billion dinars, up from 13.5 billion in 2024• Imports rise to 63.1 billion dinars, while exports remain stable• EU remains main partner, regional trade with Libya and Algeria grows Tunisia’s trade deficit widened by 24% in the first nine months of 2025, reaching 16.7 billion dinars (about $5.7 billion) compared with 13.5 billion dinars a year earlier,...

• Parliament approves Virtual Asset Service Providers Bill 2025 to regulate digital assets• Central Bank and Capital Markets Authority to share oversight of the crypto sector• Law aims to attract investors and position Kenya as Africa’s digital finance hub Kenya’s Parliament has passed a landmark bill this week to regulate digital assets such as cryptocurrencies, aiming to attract...

• $5.4 billion production-sharing contract covers Illizi Basin exploration• 30-year agreement includes a $288 million exploration phase funded by Midad• Algeria targets stronger energy sovereignty despite rising foreign partnerships Sonatrach announced on October 13, 2025, the signing of a $5.4 billion production-sharing contract with Midad Energy North Africa, a subsidiary...

Ethiopia’s $1bn bond talks collapse, prolonging its default and potentially blocking access to markets despite G20 and IMF-backed reforms. Dispute over solvency against liquidity stalls debt deal, as bondholders reject deep haircuts and Addis Ababa cites fiscal strain. Failure threatens FX reserves, reforms, and investor confidence, testing the G20 Common Framework’s credibility in...