Chemaf may shut Congo mines by November if no investor in place $1.4B Norinco deal collapsed; Gécamines bid stalled 3,000 jobs at risk amid unresolved financial struggles Chemaf Resources, the operator of the Etoile and Mutoshi copper and cobalt mines in the Democratic Republic of Congo (DRC), is considering a halt to operations by the end of November, according to an internal email cited...

Ghana’s TOR refinery to restart operations in October 2025 Restart depends on crude supply, final technical checks Aims to cut $10.2B fuel import cost, restructure debt Ghana’s Tema Oil Refinery (TOR) is scheduled to resume operations in October 2025 after being inactive for several years, according to local press reports on Tuesday. Jerry Kwofie, TOR's interim Managing Director,...

The AfDB's new chief, Dr. Ould Tah, is expected to secure record ADF pledges, with the final session scheduled for December 2025, amid tighter global aid flows. The UAE, other Gulf states, and an increasing number of African countries are seen as alternatives as the U.S. cuts aid and Europe faces fiscal strain. The AfDB portfolio reached a Unit of Account (UA) of 49.14 billion in 2024; the...

Peter Mutharika, re-elected president, has pledged to create one million jobs and provide free secondary education. The IPOR survey predicted his victory, and undecided voters helped to widen his margin of support in the final results. Lazarus Chakwera leaves office after a tenure marked by Covid, the Ukraine war, Cyclone Freddy, and a drought, with inflation and food insecurity. Professor...

• Senegal secured CFA5,448 billion ($9.7 billion) in private investments in 2024.• A new investment code lowers entry thresholds and expands eligible sectors.• APIX plans the “Invest in Senegal” forum to boost inflows in 2025. Senegal recorded CFA5,448 billion ($9.7 billion) in private investments in 2024, according to Bakary Séga Bathily, director general of the Agency for Investment...

• Angola has made a fully funded bid to acquire a strategic stake in De Beers. • The move aligns Luanda with Botswana, Namibia, and South Africa for a joint African partnership. • Anglo American plans to spin off De Beers amid weak global diamond demand. The Angolan government announced on September 24 that it has submitted a fully financed offer to acquire a strategic stake in De Beers....

• The ECOWAS Bank for Investment and Development (EBID) dedicates 14% of its portfolio, totaling $306.3 million, to water infrastructure.• EBID's interventions span from rural boreholes with manual pumps to urban treatment plants, impacting thousands of families.• The bank prioritizes projects aligned with national strategies, aiming to enhance water quality, public health, and local...

• World Bank provides $100 million grant through IDA for Zambia’s Digital Acceleration Project (DZAP).• Program targets women, youth, and vulnerable groups to reduce digital exclusion.• Zambia aims to become an integrated and inclusive digital economy by 2030. The World Bank, through the International Development Association (IDA), approved a $100 million grant to Zambia for...

• Algeria’s police (DGSN) and financial intelligence unit (CTRF) signed an agreement to step up information-sharing on money laundering, terrorism financing, and arms proliferation.• The partnership includes joint training, international cooperation tools, and an annual prevention plan.• Algeria remains on FATF’s grey list and ranked 133rd globally in Transparency International’s 2024...

• Kenya’s fish import costs fell to $7.12 million in 2024, down 44% from $12.77 million in 2023.• Local production rose 4.34% to 168,424 tons, driven by a 21% jump in marine catches and 5% growth in aquaculture.• Despite gains, demand still far outstrips supply, with annual consumption needs projected at 510,000 tons versus current production. Kenya’s fish and seafood imports...