Burkina Faso has officially completed the handover of five gold mining assets to its state-owned mining company. Burkina Faso finalized the transfer of five gold mining assets to its state-owned mining company SOPAMIB. The reforms raised the country’s free-carried equity stake in gold mining projects from 10% to 15%. Assets included two operating mines and…
The African Development Bank Group’s Board of Directors has approved up to $184.1 million in financing for the Obelisk solar project in Egypt, which is set to become Africa’s largest solar power plant. The African Development Bank approved $184.1 million for Egypt’s Obelisk solar project. This project includes a 1-gigawatt solar PV facility and a…
The ECOWAS breakaway states of Burkina Faso and Mali are on the verge of signing a nuclear deal with one of their most prevalent international partners, Russia. Burkina Faso and Mali are finalizing a nuclear energy agreement with Russia, assigning Rosatom to oversee implementation. The agreement entails constructing nuclear power plants and research reactors to…
A senior U.S. official overseeing Africa policy at the State Department is expected to step down in mid-July, marking another significant transition in President Donald Trump’s foreign policy team. Troy Fitrell, leading the Bureau of African Affairs, plans to step down on July 15. His tenure involved advancing U.S. diplomatic and commercial ties with Africa.…
Aliko Dangote will retire as Chairman of the Board of Dangote Sugar Refinery Plc on June 16, 2025, marking the end of two decades of leadership at one of Nigeria’s most profitable food companies. Aliko Dangote will retire as Chairman of Dangote Sugar Refinery Plc on June 16, 2025, concluding over two decades of leadership.…
DHL Group plans to invest around €500 million ($575 million) in healthcare infrastructure across Africa and the Middle East over the next five years. DHL plans to invest €500 million in healthcare infrastructure in Africa and the Middle East over the next five years. The investments aim to address growing demand for pharmaceutical logistics and…
Russia has set a new global benchmark in grain exports by delivering over 10 million tons of wheat to Egypt in 2024, an unprecedented volume that underscores Moscow’s expanding influence in global food supply chains and its deepening trade ties with North Africa. Russia has become the top wheat supplier to Egypt, exporting over 10…
The everyday commute has turned into a slow-moving nightmare in many African cities. Long periods stuck in traffic are now the rule, whether traveling from Lagos to Nairobi, Johannesburg to Cairo. Business Insider Africa presents the top 5 African cities that spend the most time in traffic in mid-2025. This list is courtesy of Numbeo.…
A new regulation in Burkina Faso will allow the country to earn more from its gold resources by increasing the government’s ownership in major mining projects from 10% to 15% Burkina Faso has increased its government equity stake in major gold mining projects from 10% to 15% under its new Mining Code. The nation ranks…
