Kodal Minerals and Hainan Mining reached an agreement with the Malian government in 2024 to keep operations running at the Bougouni lithium mine. The agreement required two $15 million payments, with the second installment originally due on March 31, 2025. UK-based Kodal Minerals announced on April 30 that it signed a $15 million loan agreement with Hainan Mining, its joint venture...

Pasofino Gold leads the Dugbe gold project in Liberia. The company published a feasibility study in 2022 that estimated the mine would require $397 million to develop. Three years later, construction has not started at the site. Pasofino Gold now plans to raise C$5 million (about $3.6 million) through a private placement, mainly to fund an updated feasibility study for Dugbe. The...

U.S. plans to slash 2026 foreign aid by $49.1 billion, targeting global health, education, agriculture $555 million cut to African Development Fund, U.N. peacekeeping missions defunded New aid strategy focuses on U.S. interests, boosts DFC to counter China’s influence The Trump administration unveiled its 2026 federal budget blueprint on May 2, and it is already raising...

By fostering strategic alliances and showcasing the nation’s digital potential on the global stage, the company is not only unlocking investment but helping shape a future where every Ethiopian is connected, included, and empowered. Safaricom Ethiopia is deepening its engagement with global partners as part of its mission to accelerate digital transformation and inclusive connectivity in...

Safaricom Ethiopia announced on March 19 that it hosted GSMA on a workshop to close digital access gaps, particularly in gender and usage disparities. Held at Safaricom Ethiopia’s headquarters, the session brought together Consumer Business Unit (CBU) employees and GSMA experts to address barriers like handset affordability and digital literacy. Participants explored scalable, sustainable...

Airtel Uganda has officially launched new 4G network masts in Rwemikoma, Kazo District, as part of its continued mission to expand digital inclusion and reliable connectivity across the country, the company announced on April 29. The new infrastructure, aligned with Airtel’s 2019 commitment to nationwide 4G rollout, is set to deliver faster internet, clearer voice calls, and enhanced access to...

Prices for energy, metals, fertilizers, and food are expected to drop in 2025 and 2026, according to the World Bank. Lower global growth and strong oil supply are driving the decline in commodity prices. Falling prices could ease inflation but may hurt growth prospects in two-thirds of developing countries. Most commodity prices are likely to fall in 2025 and 2026, the World Bank said in...

Burkina Faso’s industrial gold production has declined for three straight years since Nordgold exited its Taparko mine in 2022. Record-high gold prices now drive the government to boost export volumes for more revenue. Burkina Faso’s Council of Ministers approved mining rights for Nordgold’s Niou deposit on April 24, 2025. The decision lets the Russian firm expand operations through its...

In 2024, Perseus Mining took over Tanzania’s future Nyanzaga gold mine through its OreCorp acquisition. The company delayed the project’s final investment decision (FID) to January 2025 before greenlighting development on April 28, 2025. Perseus Mining committed $523 million to construct the Nyanzaga gold operation, targeting first production by Q1 2027. The budget...

Africa’s payment market sees a new partnership between Onafriq and Circle. The deal builds on a trend of stablecoin solutions to reduce FX bottlenecks and enhance payment efficiency. Key challenges include regulatory issues, infrastructure gaps, and trust in digital currencies. Onafriq, a major payment network operating across 40 African countries, announced a partnership...