Indian palm oil imports hit 766,000 tonnes in January Palm oil trades about $100 per tonne below soybean oil Rising Malaysian stocks pressure prices, boosting competitiveness Palm oil has gained a competitive edge over soybean oil among buyers at the start of the year. According to Reuters data, Indian imports of the world’s most consumed vegetable oil rose to 766,000...

Poverty, inflation and job insecurity persist despite strong growth New government formed to convert mining growth into inclusive development Recent elections in Guinea have taken place amid an open-ended political transition following the overthrow of President Alpha Condé in September 2021. Led by the National Committee of Reconciliation and Development (CNRD), the transition...

BW Energy’s Gabon oil output rose 20% to 24,400 bpd Production mainly from Dussafu offshore permit, company says Revenue fell despite higher output due to lower oil prices BW Energy's oil production in Gabon increased in 2025, according to operational results released on Wednesday by the Norway-based company. Daily production averaged about 24,400 barrels per day (bpd), up...

Guinea signs education partnership with Morocco under Simandou Academy Deal gives students access to UM6P training across priority sectors Aims to boost skills amid low higher-education enrolment levels The Guinean government on Wednesday signed a strategic partnership with Morocco under an agreement between the National Service for Foreign Scholarships (SNABE) and Mohammed VI...

De Beers cuts 2026 diamond production forecast to 21-26 million carats Weak natural diamond demand, lab-grown competition pressure output Lower production weighs on Botswana economy reliant on diamonds While the natural diamond market remains weak, De Beers has struck a cautious tone for 2026. In an operational report published on Thursday, Feb. 5, the diamond group, which has...

Seychelles secures $8.7 million ADFD funding for social housing Project includes 80 housing units for low-income families Housing prioritised amid flood damage and rising demand Seychelles and the Abu Dhabi Fund for Development (ADFD) signed an $8.7 million financing agreement for a social housing programme on Wednesday, Feb. 4, 2026, the Seychelles presidency said....

Morocco launches SR500 rooftop solar program targeting 500 MWp by 2030 First Article 6.2 Paris Agreement project approved in Morocco Program supports unsubsidized on-site solar for industrial, service companies Africa Climate Solutions launched its Solar Rooftop 500 (SR500) program on Tuesday, Feb. 4, in Casablanca, in partnership with Cluster ENR. The launch event drew nearly...

AfDB President Sidi Ould Tah said Africa needs more than $400 billion annually to finance development. He outlined four strategic priorities focused on large-scale financing, financial architecture reform, jobs, and infrastructure. He said African institutional investors manage at least $1 trillion that remains poorly allocated to development. Members of the...

Morocco evacuated more than 143,000 people from flood-prone northwestern plains. Heavy rainfall, river swelling, and dam water releases drove the emergency measures. Authorities linked the flooding pattern to climate-driven hydrological volatility. In Morocco, the Ministry of Interior announced on February 5 that authorities evacuated more than 143,000 people on a preventive or emergency...

Rwanda and Brazil signed a memorandum of understanding to promote trade and facilitate investment. Brazil’s export agency APEX-Brasil and Rwanda’s Private Sector Federation signed a separate cooperation agreement. Rwanda posted 11.8% economic growth in the third quarter of 2025, supporting its investment appeal. Rwanda and Brazil signed a memorandum of understanding...