Funds cover EPC payment, ESIA update, and 12 months of working capital Company eyes partnerships or full sale amid $2.07B project cost estimate Kore Potash announced on Thursday that it plans to raise approximately 12.2 million dollars through a share placement to certain existing shareholders and new institutional investors. The company said the proceeds will be used to advance its...

WHO’s AFRO Geodatabase centralizes verified health and administrative data across Africa, enabling countries to make consistent, coordinated, and data-driven public health decisions. The platform improves operational efficiency supporting critical programs like vaccination campaigns and emergency response. Geospatial tools significantly reduce costs and improve impact: A study in Zambia...

Galp in advanced talks to sell up to 40% stake in Mopane project TotalEnergies and Chevron emerge as leading bidders after slow start Sale aims to share deepwater costs amid regulatory and market challenges After months of trying to sell part of its stake in the Mopane oil project in Namibia, Galp has finally drawn interest from major international oil companies. According to sources...

Aya to sell legacy ore stockpile at Boumadine project in Morocco Sale to fund future silver-gold mine; shipments underway, payment due 2025 Boumadine PEA forecasts 11-year mine life with major silver-gold output Aya Gold & Silver announced on Wednesday that it has reached an agreement with an international buyer to sell a legacy ore stockpile at its Boumadine project in Morocco....

The Zambia Development Agency (ZDA) has issued an Investor License to China Zambia Petrochemical Energy Co. Ltd for a USD 510.49 million oil refinery project. The refinery will be implemented through an SPV between IDC Zambia and China’s Xiang Xin Holding Co. Ltd. The project, located in the Sub-Saharan Gemstone Exchange Industrial Park, is expected to create 454 jobs at this initial...

45 energy officials from AU Member States begin week-long training in Nairobi Initiative led by AFREC Executive Director Rashid Ali Abdallah with support from Sweden (SIDA) and Strathmore University Second cohort to follow in Cairo in December, expanding participation to over 80 officials from 45+ countries The African Energy Commission (AFREC) has launched a new continental...

Burkina Faso restructures public funds into four targeted financing mechanisms New funds aim to streamline spending, improve oversight, and reduce duplication Sectors covered include development, media, education, and social assistance Burkina Faso’s Council of Ministers on Thursday approved four decrees that restructure several existing public funds into four new financing...

Zenith Bank explores East African expansion, holds talks with regulators Denies reports of confirmed Paramount Bank acquisition in Kenya Strategy targets sub-Saharan growth, follows 2024 Paris branch opening Zenith Bank, one of Nigeria’s largest banking groups, has informed shareholders that it is exploring several avenues for regional expansion, including entry into East...

Endeavour plans Assafou gold mine in Côte d’Ivoire by end-2028 Ivorian mines could contribute 65% of group’s gold output by 2025 $734M project heightens risks from geographic concentration and pending reforms Endeavour Mining, one of West Africa’s leading gold producers, plans to bring its Assafou gold project in Côte d’Ivoire into production by the end of 2028, according to its...

IRIS notes that the TAZARA corridor is emerging as a direct rival to Lobito. In addition to a full rehabilitation planned within three years, the line linking Zambia’s Copperbelt to the port of Dar es Salaam already benefits from an established institutional framework and proven operational experience. These advantages strengthen its appeal at a time when the Lobito Corridor remains under...