The African Union says solid geological data is crucial for mining growth. It helps launch exploration programs and cuts investment risks. Nigeria wants to tap into $700 billion in mining resources to reduce its reliance on oil and gas. To do that, the government is fast-tracking geological mapping of its land. This is key to attracting investors and lowering exploration risks. Several...

Eurasian Resources Group (ERG), a major mining company operating in Africa, has firmly denied reports that it is negotiating a sale. The company is 60% owned by its founders and 40% by the Kazakh government, with significant copper and cobalt mining assets in the Democratic Republic of Congo (DRC) and Zambia. On April 21, ERG issued a statement rejecting claims that American investor James...

Alphamin Resources resumed mining at its Bisie tin mine in the Democratic Republic of Congo (DRC) after a month-long halt spurred by rebel advances. The company recently scaled down its 2025 output forecast–from 20,000 tons to 17,500 tons. Alphamin Resources has appointed a new CEO to head its tin mine in the DRC, the Bisie mine. The new boss, Jacobus van Heerden, will replace retiring CEO...

Africa is making significant strides in advancing its space technology landscape, marking a new era of innovation, connectivity, and collaboration across the continent. With growing investments, expanding satellite capabilities, and a surge in local talent, Africa is positioning itself as a rising force in the global space economy. Egypt-based satellite operator NILESAT and the Regional African...

• European Investment Bank commits $60 million to LeapFrog Investments to expand access to green tech in emerging markets• The funding targets companies offering eco-friendly solutions in energy, transport, food, and housing• Move is part of a broader $500 million plan to tackle climate change in Africa and Asia The European Investment Bank (EIB) has pledged $60 million to...

• The government raised CFA454.2 billion ($790 million) on April 22 through the WAEMU regional debt market• The auction covered seven bond maturities, from 1 to 7 years, and was oversubscribed by 105.63%• Yields rose slightly, but remained lower than rates seen in other WAEMU countries like Mali Côte d’Ivoire raised CFA454.2 billion on April 22 in a public bond auction on the West...

• Tunisia and Japan agreed to finalize a new investment deal during a meeting in Tunis on April 21.• The two countries reviewed the progress of current cooperation projects and explored new areas of partnership.• In 2024, trade between them totaled $218.7 million, led by vehicles, machinery, and electrical equipment. Tunisia and Japan have confirmed their shared goal of strengthening...

• Morocco plans to roll out 5G to a quarter of its population by the end of 2025 and reach 70% coverage by 2030• The launch will begin in November 2025, just ahead of the Africa Cup of Nations, with a focus on cities and key economic zones• Telecom giants Maroc Telecom and Inwi are teaming up to expand fiber and mobile tower infrastructure under a $475 million investment plan The...

Ghana’s Ewoyaa lithium mine is poised to produce 3.6 million tonnes of spodumene concentrate over 12 years. Half of this output has already been sold to the American firm Piedmont Lithium. The Ghanaian government plans to refine the remaining half locally with the mine owner Atlantic Lithium’s backing. However, a March 2025 study by the Natural Resource Governance Institute (NRGI) warns...

Gold prices are on track to soar, and African countries like Mali, Burkina Faso, and Ivory Coast stand to gain, as they rely heavily on this mineral. JP Morgan, in a report released April 22, 2025, predicts gold will average $3,675 an ounce by the last quarter of 2025 and surpass $4,000 by mid-2026. The bank warns this milestone could come even sooner if demand outpaces...