• Nigeria LNG (NLNG) signed 20-year agreements with local firms.• The deals secure 1.29 billion standard cubic feet of gas daily.• This partnership aims to restore revenues and drive economic growth. Nigeria LNG (NLNG), a cornerstone of the Nigerian economy, has taken a decisive step to ensure its operational stability and enhance the nation's energy diversification. The company,...

Pasofino Gold plans an Environmental and Social Impact Assessment (ESIA) for its Dugbe project. The project aims for an average annual production of 172,000 ounces of gold over 14 years. The company seeks to update its 2022 feasibility study and secure financing. Pasofino Gold is preparing an Environmental and Social Impact Assessment (ESIA) to relaunch its $435 million Dugbe...

Senegal’s Q1 2025 growth is estimated at 12.1%, driven by oil production, while non-oil GDP rose by only 3.1%. Public debt was revised to 118.8% of GDP by the end of 2024, following the discovery of hidden liabilities. Treasury resources of 1,215.9 billion CFA (≈$ 2.06 billion USD) were primarily used for debt service and arrears. Senegal’s economy is estimated to have...

Google launched Flight Deals, an AI feature that finds the cheapest tickets. Airfares in Africa remain among the highest globally due to heavy taxes and limited liberalization. Wider use of AI comparators could disrupt travel agencies that rely on low price visibility. Google recently announced the launch of Flight Deals, a new feature in its Google Flights platform. The tool,...

Galileo Resources launched a reverse circulation drilling campaign on license PL253. The project targets copper deposits in the Kalahari Copper Belt, a key exploration zone. Copper discoveries have become rare, with only 14 projects reaching production since 2010. Galileo Resources announced yesterday the start of a reverse circulation (RC) drilling program on its copper...

Sonadrill signed two contracts for offshore drilling campaigns starting late 2025. Angola’s oil production dropped below 1 million b/d in July, the lowest since 2023. New projects and refinery plans aim to reverse declining output and boost capacity. The Sonadrill joint venture, formed by Seadrill and Angola’s state-owned Sonangol, is preparing to start a new offshore...

Kubota signed a 3-year agreement with SMBC to boost farm machinery sales in Africa. The Japanese group aims to ship 4,000 tractors annually to Africa by 2030, five times current levels. Africa’s tractor market is projected to reach $2.6 billion by 2030, driven by large farms and government support. Japanese industrial group Kubota, a manufacturer and distributor of farm...

Moody’s will become majority shareholder of Egypt-based credit rating agency MERIS. MERIS will keep its local management and brand while tapping Moody’s global expertise. The move follows Moody’s 2024 acquisition of South Africa’s GCR Ratings to strengthen its African footprint. Moody’s Corporation, parent company of Moody’s Ratings, announced on August 25 that it plans...

President Alassane Ouattara, 83, has submitted his bid for a fourth term in October’s vote. Opposition leader Laurent Gbagbo, still barred from the voter roll, was also put forward by his party. The Constitutional Council will decide on the validity of their candidacies before the final list is published. President Alassane Ouattara formally submitted his candidacy for Côte...

Tunisia gets $51M AFD loan to modernize civil protection Project includes AI-powered ops rooms, drones, and rescue units New training school, digitization align with national tech strategy Tunisia will receive a 150 million dinar (about $51 million) loan from the French Development Agency (AFD) to modernize its civil protection system. The project, outlined on a radio...