Since the discovery of substantial oil reserves by TotalEnergies SE and Shell Plc in 2022, Namibia has garnered significant attention within the global oil market. Namibia has attracted global oil industry attention after significant oil discoveries by TotalEnergies and Shell in 2022. BP has recently secured a deal to acquire and operate a 60% stake…
Australian miner Chariot Resources Limited has announced a lithium-rich mineral discovery in Nigeria following the approval of six mining licences by the Nigerian Mining Cadastre Office (MCO), marking a significant step in its entry into the country’s critical minerals sector. Chariot Resources Limited has discovered lithium-rich minerals in Nigeria after receiving approval for six mining…
One of the most obvious indicators that it could be a smart idea to buy a house rather than keep renting is a lower price-to-rent ratio. The price-to-rent ratio measures whether it is more affordable to buy or rent a home. A low price-to-rent ratio suggests that home prices are reasonable compared to rent costs,…
Ghana is in talks with Ukraine to build a wheat flour processing plant, as rising imports and global supply risks push African countries to secure more control over their food supply chains. Ghana and Ukraine are discussing a wheat processing plant to cut import dependence. Wheat demand is rising fast, with imports up nearly 57%…
Egypt has secured a $525 million investment from a Singapore-based corporation, Indorama Corporation to build a phosphate fertiliser and chemicals complex in the Suez Canal Economic Zone (SCZONE), as it pushes to expand exports and strengthen foreign exchange earnings. Egypt has signed a $525m deal with Indorama to build a fertiliser plant in the Suez…
French renewable energy firm Voltalia has brought a 148-megawatt solar power plant online in South Africa, in a deal that signals how large industrial companies are moving away from unreliable national grids. A 148MW solar plant has begun supplying power to a Rio Tinto subsidiary in South Africa. The project reflects a growing shift by…
Amid persistent disruptions to global trade in the Strait of Hormuz, Togo is putting forward an ambitious plan to position the Port of Lome as a more secure and dependable logistics center for the international maritime industry. Togo aims to position the Port of Lome as a secure and reliable logistics center amid disruptions in…
Uganda’s central bank has moved to reshape the country’s gold sector by signing $160 million worth of contracts with local suppliers to start buying domestically refined gold. The Bank of Uganda has signed $160 million in contracts with local suppliers to purchase domestically refined gold. Agreements were made with EuroGold Refinery Ltd and Feldstein Trading…
The U.S. Department of State has updated its travel advisory for Nigeria to reflect changes in embassy operations, as it begins evacuating non-essential staff from its mission in Abuja amid heightened security concerns. The U.S. Department of State has updated its travel advisory for Nigeria and is evacuating non-essential staff from the embassy in Abuja…
