• Nigeria's Trade Union Congress (TUC) has threatened a nationwide strike if the government implements a proposed 5% tax on petroleum products.• The government intends the tax to fund infrastructure development, while unions and the opposition criticize its timing amid high inflation and recent fuel subsidy removal.• The TUC has issued a 14-day ultimatum to the government to withdraw the...

• Resolute Mining added 1 million ounces (approximately 31 tonnes) to the mineral resources at its Doropo gold project in Ivory Coast.• This increase brings Doropo's total mineral resources to 4.4 million ounces, a 28% rise from the 3.4 million ounces declared in 2024.• The resource growth could extend Doropo's mine life by at least five years beyond the initial 10-year...

• Ghana exports surplus electricity despite $5.6 billion in sector debt.• ECG owes $4.2 billion to power producers and gas suppliers.• Government expects sector deficit to top $9 billion in 2026 without reforms. Ghana has stabilized electricity supply in recent months and started exporting surplus to neighboring countries, Energy Minister John Abdulai Jinapor said on...

• Airtel Uganda invested UGX 87.8 billion ($23.5 million) in H1 2025, adding 176 new 4G sites and 150 5G sites.• Airtel counted 17.9 million subscribers and UGX 1.08 trillion ($309 million) in H1 2025 revenue, up 12.3%.• MTN remains market leader with 22.8 million subscribers and UGX 1.72 trillion revenue in the same period. Airtel Uganda plans to expand its network...

iXAfrica secures RMB funding to expand Nairobi campus from 2.25 MW to 22.5 MW, the largest in East Africa. The project taps Kenya’s 90% renewable power mix to meet surging demand for cloud, AI and hyperscale workloads. RMB’s backing signals investor confidence as rivals ADC, Raxio and Liquid also race to scale capacity in Africa. iXAfrica Data Centre Ltd. recently announced...

Occupancy of modern warehouses in Africa rose to 83% in H1 2025, up from 75%. Growth driven by e-commerce, agro-industry, and push for regional self-sufficiency. South Africa, Egypt, and Nigeria remain top hubs for industrial real estate. Africa’s industrial and logistics real estate market is expanding rapidly, with occupancy of modern warehouses reaching 83% in the first...

Guinea plans to require local refining of iron ore from the Simandou project. The $20 bln project involves Chinese firms, Baowu, and Rio Tinto. Aim is to create jobs and raise export revenues through value-added products. At the Africa Down Under conference in Australia last week, Guinea’s government reaffirmed its ambition to expand local processing in the mining sector....

Anglo American and Teck to merge into Anglo Teck, worth over $50 billion. New group will rank among the top 10 global miners and top 5 copper producers. Anglo American shareholders to own 62.4%, Teck shareholders 37.6%. British miner Anglo American and Canada’s Teck Resources announced on September 9 their merger to create Anglo Teck, a mining group valued at more...

Egypt’s Elsewedy Electric to invest $2.5 billion in Algeria’s energy sector. Deal covers electrical industries, renewables, and technology transfer. Investment is five times the group’s current presence in Algeria. Egyptian group Elsewedy Electric and Algeria’s Investment Promotion Agency (AAPI) signed on September 8 a memorandum of understanding for $2.5...

Shareholders of Guinea Insurance approved a capital increase on Sept 8. Nigeria’s new law raises minimum capital for non-life insurers to 15 bln nairas. Guinea Insurance had 5.2 bln nairas in equity at end-2024, well below target. Shareholders of Nigeria’s Guinea Insurance Plc, a general insurance company, have approved a capital increase. The decision, announced on...