• Newmont weighs cost cuts, possible layoffs after Newcrest takeover• AISC up 25% since 2022; aims $300/oz cost reduction• Ghana’s Ahafo South mine key asset, employs thousands locally Facing a rise in its costs, the American mining group Newmont is reportedly working on a plan to cut expenses, including potential job cuts. The information, which was reported on Wednesday, August 27...

• Angola awards $200M Mussulo desalination project to AMEA Power• Plant to supply 800,000 residents, operational in two phases by 2028• Marks UAE firm’s shift from energy to integrated water infrastructure A new desalination plant with a capacity of 100,000 cubic meters per day is set to be built on Angola’s Mussulo peninsula by 2028. The $200 million project, awarded to AMEA...

In West Africa, the energy transition is gaining momentum as more medium-sized solar power plants come online. These projects, led by independent producers, are becoming the new standard, giving countries a fresh way to reduce their reliance on imported energy and diversify their power sources. Medium-sized solar power plants, ranging from 10 to 100 MW, are becoming the preferred format for...

• KoBold Metals secures seven lithium exploration permits in DRC• Licenses cover Manono, Malemba Nkulu; focus remains on lithium• Deal with Kinshasa pending AVZ Minerals dispute resolution U.S. company KoBold Metals, which is backed by billionaires Bill Gates and Jeff Bezos, has secured seven lithium exploration permits in the Democratic Republic of Congo (DRC). According to the Congolese...

• Kenya’s Poa Internet secures $4M from Finland’s Finnfund• Funding to expand broadband in low-income, rural areas• Nokia supports infrastructure rollout; operator has 238,000 subscribers Kenyan internet provider Poa Internet, the fourth-largest operator in the country with over 238,000 subscribers, announced on Wednesday, August 27, 2025, that it has secured $4 million in...

• South Africa urges EU to ease carbon tax for African nations• Warns CBAM could harm economies, derail climate efforts• Report estimates $25B annual revenue loss for Africa from tax South Africa officially requested on Tuesday, August 26, 2025, that the European Union reconsider the application of its carbon border adjustment mechanism (CBAM). The nation is also asking that the same...

With Africa facing an annual infrastructure funding deficit estimated at $68 billion to $108 billion, according to the African Development Bank, the global investment firm Meridiam is planning to double its investments on the continent. In an interview with Ecofin Agency, Meridiam's new Africa Director, Mete Saraçoğlu, discussed the challenges of financing, local community...

• Ruslan Obiang Nsue, son of President Teodoro Obiang, jailed for illegal aircraft sale.• Sentence may be suspended if he repays CFA144.2m ($255,000) plus fines and damages.• Case comes as national carrier Ceiba faces financial troubles and planned privatization. Ruslan Obiang Nsue, one of the sons of Equatorial Guinea’s President Teodoro Obiang Nguema Mbasogo, was sentenced on August 26...

• Burkina Faso and the UN seek to reopen dialog after a high-level meeting in Ouagadougou.• Talks follow the expulsion of the UN resident coordinator over a disputed report on child soldiers.• UN aid to Burkina Faso topped $505 million in 2024, with 2.7 million people facing food insecurity. Burkina Faso and the United Nations agreed to rekindle cooperation after a meeting on August...

• Ghana signs $5 billion agreement with Qatar’s Al Jedad Holdings for a fertilizer plant.• Project to be built in Atuabo Petroleum Hub with Granum Limited, creating 2,000 jobs.• The plant will reduce fertilizer imports and position Ghana among West Africa’s producers. Ghana’s Ministry of Food and Agriculture announced yesterday a partnership with Qatari energy group Al Jedad...