Eskom targets 32 GW renewable capacity by 2040, cutting coal to 18 GW Plans include new clean energy projects and a dedicated subsidiary $22B debt and rising off-grid solar raise funding and demand concerns Eskom, South Africa’s state-owned electricity company, announced on Wednesday, July 16, its goal to generate most of its electricity from renewable sources by 2040. This...

After years of stagnation or even decline, platinum prices are up more than 40% this year, making it the best-performing precious metal by mid-2025. As the global market heads toward a third consecutive annual deficit, producers are looking to capitalize on the momentum. Zimbabwe is preparing to restart the development of the Darwendale platinum deposit. Trevor Bernard, CEO of Kuvimba Mining...

Côte d’Ivoire Terminal added 2 electric STS and 9 RTG cranes to boost capacity at Abidjan’s second container terminal The upgrade supports rising container traffic, which doubled to 1.6M TEUs in 2024, driven by larger vessels and regional demand Part of a strategy to modernize and stay competitive in West Africa’s port sector Côte d’Ivoire Terminal announced on Monday,...

• Côte d’Ivoire issued a ¥50 billion ($336.2M) Samurai bond, first for sub-Saharan Africa• The 10-year, 2.3% ESG-labeled bond was backed by JBIC and drew strong demand• Part of broader 2025 strategy, including $1.75B eurobond and CFA 220B local issuance Côte d'Ivoire’s Ministry of Finance announced on Thursday, July 17, 2025, the country successfully issued a 50 billion yen...

• Oil production has held steady. Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and OPEC confirm oil output averaged between 1.1 and 1.6 Gas flaring in Nigeria has surged to a four-year high, costing the country over $1 billion in the first five months of 2025.• Lax penalties and loopholes in Nigerian law make it cheaper for oil producers to flare gas than to...

• Zambia launches the Growth Investment Partners Zambia (GIP) initiative to raise over $300 million for SMEs.• The program aims to support 150 SMEs over the next 15 years, with $70 million already secured from key international partners.• President Hakainde Hichilema emphasizes SMEs’ pivotal role, as they account for 80% of GDP, 88% of jobs, and 97% of businesses in Zambia. The...

• Montage Gold secures key stakes in several West African gold projects, positioning itself as a leading contender ahead of its flagship mine’s launch in 2027.• The company’s network of equity deals links it to major gold sites in Côte d’Ivoire, Guinea, and Mali, giving it dominant leverage in the region.• Backing from the Lundin family, top institutional investors, and international...

• Two NGOs sued the US Export-Import Bank, claiming it approved a $4.7B loan to Mozambique LNG in violation of legal procedures.• The loan is critical to restarting the TotalEnergies-led project, stalled since 2021 due to jihadist violence.• The legal flaw—loan approval by an interim board without Senate-confirmed directors—could void the deal and stall financing. The US...

• Ivory Coast loses over 100 tons of cocoa, coffee, and cashew nuts weekly to smuggling, despite ongoing border control operations.• Authorities now shift focus toward civic education and national awareness to fight the illicit outflow of agricultural products.• In 2023, cocoa, coffee, and cashew exports brought in $512.5 million—66% of all export levies—highlighting the...

(AfDB) - The Board of Directors of the African Development Bank Group has approved €173.84 million for the Rwanda Energy Sector Result-Based Financing (RBF II) program to modernize the electricity network, expand access to clean energy, and strengthen institutional capacity. The Asian Infrastructure Investment Bank will provide an additional €86.92 million, bringing the total...