Azule Energy has started production at the offshore Ndungu field in Block 15/06. The field is expected to reach about 60,000 barrels per day at peak capacity. The launch follows a 500-million-barrel discovery on the same block. Azule Energy, the joint venture formed by BP and Eni, has announced the start of production at the offshore Ndungu oil field in Angola’s Block 15/06. In...

Services are projected to employ 3.8 million more African youth than agriculture by 2033, marking a historic structural shift Service jobs pay about 2.6× more and are far more likely to be formal (22% vs. agriculture’s 3%) The transition reflects a “leapfrogging” path in which economies move directly from farming to services, bypassing large-scale...

Liberia now requires mobile network operators to separate telecom and mobile money activities. Orange Liberia has spun off Orange Money into a licensed subsidiary; MTN is expected to follow. The reform shifts control of USSD codes to the regulator to open the market to fintech firms. Liberia has introduced new rules requiring mobile network operators to separate their telecom...

Nigeria launched a trilateral partnership with Brazil and the United Kingdom to deploy digital tools and data systems in cattle farming. Brazil will provide production expertise, while the United Kingdom will contribute data analytics and artificial intelligence capabilities. The initiative supports Abuja’s plan to double milk output to 1.4 million tons by 2030. Nigeria has...

Japan grants $11.69 million for Abidjan road project JICA to supply maintenance equipment, specialized services Deal supports expanding infrastructure, long-standing bilateral ties Japan and Côte d'Ivoire signed an agreement on Friday in Abidjan for a 6.5 billion CFA franc ($11.69 million) grant to support the Greater Abidjan Road Maintenance Equipment Improvement...

Boundiali gold resources rise to 3.03 million ounces Aurum plans 100,000-meter drilling ahead of mine development Pre-feasibility study due this quarter, DFS by year-end Australian operator Aurum Resources said Monday that mineral resources at its Boundiali gold project in Côte d'Ivoire have reached 3.03 million ounces, nearly double a year earlier, as the company prepares to...

Egypt Aluminium ranks sixth in global renewable buyers Signed over 1 GW PPA with Scatec Global corporate clean energy deals fall 10% in 2025 Egypt Aluminium ranked sixth worldwide among corporate renewable power buyers in 2025, according to BloombergNEF’s 1H 2026 Corporate Energy Market Outlook published on Feb. 19. The report analyzes clean power purchase agreements signed...

Namibian energy delegation visits Algeria from 22-28 February 2026 to deepen cooperation in hydrocarbons, energy and mining. Discussions focus on experience sharing in petroleum, gas and capacity building, including technical training and site visits. Both sides aim to elevate cooperation into strategic partnerships with concrete project frameworks and sustainable development...

Driven by surging valuations and economic reforms, Nigeria’s capital market now accounts for 33% of GDP, with total capitalization up 125% in less than two years, according to the regulator. Structural weaknesses remain, however, particularly in market liquidity and trading depth. Nigeria's capital market contribution to gross domestic product has risen to 33% from 13% in April 2024, driven by...

Africa’s startup debt is growing, but $1–$5M loans remain scarce—too big for grants and too small for big lenders to process. FMO–Dalberg (Feb 2026) says fixed legal/admin costs—like collateral registration fees—make mid-sized loans expensive and rare. Closing the gap requires guarantees, stronger insolvency rules, better data sharing, and more local-currency...