Shell moves forward with onshore and ultra-deep offshore exploration in Africa Company signs deal in Libya and gains drilling approval off South Africa Operations continue in unstable legal and political environments As competitors like TotalEnergies, Eni, and BP reduce their presence in Africa’s upstream oil and gas sector, Shell is choosing a different path. The Anglo-Dutch...

Namib Minerals plans to revive the idle Mazowe and Redwing mines with a $300 million investment. CEO Ibrahima Tall says preparatory work could take 18 to 24 months after securing funding. The company recently listed on Nasdaq and is exploring private placements and capital Namib Minerals is seeking $300 million to resume production at its Mazowe and Redwing gold mines in...

Ora Technologies secures its largest funding to date, led by Azur Innovation Fund Total capital raised reaches $11.9 million since its launch in January 2023 Funds will boost food delivery platform KooulMaroc and mobile wallet Ora Cash Moroccan start-up Ora Technologies announced yesterday that it has raised 75 million dirhams ($7.5 million) in a Series A funding round. This...

Rwanda tops 40 Sub-Saharan African countries in policy and institutional quality Benin, Côte d’Ivoire, Cape Verde, and Kenya follow with strong performance  Infrastructure, public services, and governance gaps remain across the region Rwanda has been ranked as the top-performing country in Sub-Saharan Africa for the quality of its public policies and institutions in 2024....

In Africa, the private sector is widely seen as the main engine of industrialization and plays a central role in the long-term development strategies of governments. However, it remains dominated by small and medium-sized enterprises (SMEs), which are key players in still underdeveloped value chains. In West Africa, the BCEAO estimates that SMEs account for between 80% and 95% of the business...

MTN has announced the launch of the MTN Cloud Accelerator, a 12-week hybrid program designed to help African startups scale faster by leveraging MTN’s vast infrastructure, products, and networks. The program targets startups that are already in the market with MVPs or live products and are solving key African challenges in sectors including Fintech & Payments, HealthTech, EdTech, AgriTech, AI...

• CMOC increased cobalt production by 13% to 61,073 tonnes in the first half of 2025.• The DRC extended its cobalt export ban, forcing CMOC to stockpile while adapting.• CMOC maintains its 2025 cobalt output forecast at 100,000 to 120,000 tonnes despite challenges. Chinese mining giant CMOC reported a 13% rise in cobalt production at its Democratic Republic of Congo (DRC) mines during the...

• IMF extends Niger’s Extended Credit Facility (ECF) program by one year through December 2026.• IMF approves a $41 million disbursement tied to governance and fiscal reforms.• Niger’s economy rebounds strongly but faces ongoing security and financial risks. The International Monetary Fund (IMF) approved a 12-month extension of Niger’s Extended Credit Facility (ECF) program, the...

Kenya plans to import 1.05 million tonnes of palm oil in 2025/2026, near its highest ever level. Malaysia supplies 90% of Kenya’s palm oil, sharply overtaking Indonesia since 2019. Kenya acts as a regional hub, re-exporting 10% of refined palm oil to neighboring countries. Kenya relies heavily on palm oil, which accounts for more than 90% of its total oil and fat consumption....

EBRD grants $100 million loan to Banque Misr to expand credit access for SMEs and women-led businesses. Loan supports Egypt’s green finance goals and sustainable development. Partnership furthers EBRD’s long-term investment in Egypt’s private sector and green economy. The European Bank for Reconstruction and Development (EBRD) approved a $100 million loan to Banque...