Tirupati Graphite targets an output of 200,000 tonnes of graphite per year in Madagascar a few years from now. Though the company is very far from this number at the moment, it has been ramping up efforts to achieve its ambition. The two graphite Malagasy projects of Tirupati Graphite–Vatomina and Sahamamy–could soon see a "significant increase" in mineral resources. Shishir Poddar, the...

Ooredoo is accelerating its initiatives to upgrade its network infrastructure and ready it for the launch of 5G technology in its African markets, specifically Algeria and Tunisia. In March 2023, the company entered into a partnership agreement with Nokia. The Qatari telecom group, Ooredoo, has signed a partnership deal with Huawei to advance its network core to 5.5G in select markets, including...

Fortuna Silver Mines started mining gold at the Séguéla mine in Côte d’Ivoire in 2023, with exploitation forecast to last eight years minimum. Now, however, the mine's reserves could be increased through exploration, potentially extending Séguéla's lifespan. Fortuna Silver Mines announced on March 11 the discovery of a new prospect at its Séguéla gold mine in Côte d’Ivoire. The...

Uranium could sell for $150 per pound by 2025-2027, after nearing $106, according to Shaw and Partners. The positive outlook spurred a wave of new projects in Africa, attracting new companies. Moab Minerals has finalized an agreement to acquire an 81.85% stake in Linx Resources. The latter holds a portfolio of advanced uranium assets in Tanzania, including the Manyoni and Octavo...

An exploratory study from December 2022 revealed that the Diamba Sud project in Senegal could yield 715,000 ounces over 7.5 years. Fortuna Silver, the firm owning the mine plans to launch exploration works there in the coming months. These could scale up the mine’s potential. Fortuna Silver Mines, a Canadian mining firm, has allocated $9.2 million to its 2024 exploration program for the...

Namibia and Niger are Africa’s two biggest uranium producers. With uranium prices going up, the uranium industry in these countries is set to flourish, and new mines could be commissioned. Deep Yellow is raising AU$220 million (about US$145 million) to advance its Tumas uranium project in Namibia. The firm disclosed the operation on March 11, according to sources consulted by Ecofin...

Between 2019 and 2023, Africa's total arms imports fell by 52% compared to the previous five years, largely due to significant reductions by Algeria and Morocco. Russia accounted for 24% of Africa's arms imports between 2019 and 2023, according to a report issued yesterday by the Stockholm International Peace Research Institute (SIPRI). The report, focusing exclusively on major weapons (such as...

The report, released for International Women's Day, highlights a glaring lack of parity in financing access for startups, even in the modern world. Women-led African startups received $209.3 million in funding between 2019 and 2023, according to a report issued on March 8 by TechCabal Insights. Entitled "Breaking Barriers: Female Pioneers in African Tech 2024," the report points out that...

In a significant stride towards enhancing telecommunications infrastructure across Africa, Telecom Egypt, a prominent telecommunications firm, has partnered with Huawei to lead the way in innovative technologies. These initiatives include pioneering Africa's inaugural DWDM 1.2Tbps single-channel lab test, preparing for 5G implementation, and successfully concluding the continent's first 50G PON...

Burkina Faso's robust efforts to combat terrorism and secure its territories are expected to bear fruit, with the International Monetary Fund (IMF) projecting the country's GDP growth to reach 5.5% in 2024. This optimistic economic forecast follows the government's implementation of significant reforms during its transitional period, as highlighted in an IMF statement released on Thursday, March...