The Langer Heinrich uranium mine in Namibia, which primarily supplies resources for nuclear power plants, is nearing its full operational capacity. The Langer Heinrich uranium mine in Namibia, partially owned by Paladin, is nearing its full production capacity by July due to rising uranium prices. Namibia, a pivotal player in the global uranium market, aims…
Nigeria has retained its position as Africa’s largest crude oil producer after raising output to 1.45 million barrels per day in March, according to the latest monthly report from the Organization of the Petroleum Exporting Countries. Nigeria has retained its status as Africa’s top crude oil producer, according to OPEC’s latest monthly report. The country…
African countries are entering 2026 deeply involved in the gold market, but from very different positions. On one hand, the continent’s major gold producers are exporting record volumes, generating billions in foreign exchange. African countries are responding differently to rising gold prices. While producers such as Ghana, Mali, South Africa and Burkina Faso continue exporting…
To protect its investment and cut its losses, sources claim that India is pulling out of a lithium project in the West African country of Mali. India has decided to withdraw from a lithium exploration project in Mali, citing security concerns in West Africa. This decision aligns with advisories issued by Western nations urging their…
Ethiopian Airlines, Africa’s largest and most profitable carrier, has reported $4.4 billion in revenue for the first six months of its 2025 to 2026 financial year, equivalent to roughly $4.5 billion in 2026 dollars when adjusted for inflation. Ethiopian Airlines has posted $4.5bn in half-year revenue, marking a 14 percent year-on-year increase. The carrier transported…
Zambia is gearing up to launch negotiations on a fresh IMF economic program, but officials say the deal will only be finalized once voters head to the polls in August. Finance Minister Situmbeko Musokotwane said that talks will start “almost immediately,” marking the most direct timeline yet from Lusaka. Zambia will open talks with the…
Zimbabwe’s cabinet recently gave its approval to draft legislation that aims to amend the constitution, potentially returning the country’s political situation to a familiar, concerning trajectory. Zimbabwe’s cabinet has approved draft legislation proposing to amend the constitution. The amendment seeks to extend the presidential term from five years to seven and to shift the presidential…
Angola’s state-owned diamond miner, Endiama, is aiming to scale production to 17 million carats by 2027, building on a record-breaking performance that strengthened the country’s standing in the global diamond industry. Angola’s state-owned diamond miner Endiama plans to increase production to 17 million carats by 2027 after hitting a record high in 2024. The milestone…
Kenya’s political and economic landscape is increasingly shaped not only by voters but also by powerful, often invisible billionaire networks operating behind the scenes, according to a 2026 Oxfam report. A new Oxfam report warns that Kenya is drifting towards a rule of the rich, driven by secretive billionaire networks. Politically connected tycoons are shaping…
