A major contractor at Loulo-Gounkoto gold complex, Mali’s largest gold mining operation, is shutting down its activities in the country and laying off more than 600 workers, in the latest sign of mounting pressure surrounding one of Africa’s biggest gold assets. Gounkoto Mining Services, a major contractor at Mali’s largest gold mine, is shutting down…
African airlines are bracing for higher costs after the Lufthansa Group warned that disruptions around the Strait of Hormuz could add about $2 billion to its fuel bill this year, highlighting growing pressure on carriers as Middle East tensions tighten global jet fuel supplies. The escalating Middle East conflict is increasing global kerosene prices and…
The Dangote group, in its quest to explore options for raising capital to expand its conglomerate, is now looking at the prospect of more dollar bond sales. Dangote Group is considering issuing more dollar bonds to finance its expansion projects. Their fertilizer arm recently raised $750 million through a private bond sale, marking its first…
The Government of Ghana has formally petitioned the African Union to intervene regarding the xenophobic attacks targeting foreign African migrants within South Africa. The Ghanaian government has petitioned the African Union to intervene against xenophobic attacks on African migrants in South Africa. Ghana expressed particular concern for attacks on its citizens and urged AU action…
Zimbabwe said it was returning several foreign-owned farms that were seized during a violent land grab more than 25 years ago and paying compensation of $146 million. Zimbabwe is returning several foreign-owned farms seized over 25 years ago and compensating with $146 million. The transfer affects 67 properties linked to owners from Denmark, Germany, the…
The ECOWAS Parliament’s ongoing First Ordinary Session of 2026 in Abuja has placed renewed focus on the future of regional integration, with Nigerian lawmaker Dr Sulaiman Gumi arguing that it remains in the interest of Mali, Burkina Faso and Niger to return to the ECOWAS fold. ECOWAS lawmakers are pushing for renewed engagement with Mali,…
Egyptian billionaire Naguib Sawiris and Franco-Tunisian media executive Tarak Ben Ammar have sold Prima TV’s digital terrestrial multiplex to Syes for about €2.5 million, marking another step in Sawiris’ gradual exit from legacy media investments. Egyptian billionaire Naguib Sawiris and Tarak Ben Ammar sold Prima TV’s digital terrestrial multiplex to Syes for about €2.5 million.…
A Dutch designed amphibious warship first operationally deployed by a West African navy during a regional anti coup mission is now emerging as a key platform in future U.S. and Australian military strategy, highlighting Africa’s unexpected influence on evolving Indo Pacific defence planning. The Dutch-designed Damen LST 100 amphibious warship, first operationally deployed by the…
Kenya is set to enter Africa’s oil-producing club for the first time, with commercial production expected to begin before the end of the year from the South Lokichar fields in Turkana, even as the country continues to explore long-term refining options to support future output growth. Kenya will start commercial oil production from the South…
