Zimbabwe has licensed a second gold refinery as it moves to expand its processing capacity amid rising output of the precious metal and growing pressure on its existing infrastructure. Zimbabwe has approved a second gold refinery in Bulawayo to expand processing capacity as gold output rises. The current state-owned facility, Fidelity Gold Refinery, may soon…
Libya’s push to reclaim its position as one of Africa’s leading oil producers gained fresh momentum after the country reported encouraging production rates from a newly drilled well in the Al-Khair oilfield. Libya has reported strong production rates from a newly drilled well at the Al-Khair oilfield. The development comes as the country pushes to…
The United Kingdom has imposed new sanctions targeting a Nigeria-linked entity accused of being part of a wider financial network used to support Russia’s war effort and bypass Western restrictions. The UK has imposed new sanctions targeting a Nigeria-linked entity accused of supporting Russia’s financial networks. These actions are part of a broader G7 package…
Kenya is close to signing a critical minerals agreement with the United States that would allow rare earths and other strategic minerals to be processed domestically, marking a significant step in the country’s efforts to capture more value from its natural resources. Kenya is nearing a critical minerals agreement with the United States. The proposed…
Morocco’s fuel-price debate has become bigger than petrol stations. It is now a test of power, privilege and who pays when an import-dependent economy is exposed to global energy shocks. Morocco’s parliament has rejected proposals to cap fuel prices and nationalise the Samir refinery. But the debate has revived scrutiny of Prime Minister Aziz Akhannouch,…
Controversial Zimbabwean businessman Wicknell Chivayo, who maintains close ties to Kenyan President William Ruto, has secured a stake in the $2.9 billion expansion of Jomo Kenyatta International Airport (JKIA). Zimbabwean businessman Wicknell Chivayo, connected to Kenya’s President William Ruto, has obtained a stake in the $2.9 billion expansion of Nairobi’s Jomo Kenyatta International Airport. Chivayo’s…
Bombardier has confirmed that a private jet owned by Africa’s third-richest man, Abdulsamad Rabiu, is the first delivery of its flagship Bombardier Global 8000 on the continent, marking a milestone for Africa’s private aviation market. Abdulsamad Rabiu, Africa’s third-richest man, has acquired the continent’s first Bombardier Global 8000, a state-of-the-art long-range business jet. The Bombardier…
Morocco has secured a place among the world’s largest silver-producing nations, standing out as the only African country on a new global ranking of top silver producers compiled by Visual Capitalist. Morocco is now one of the world’s largest silver producers and the only African country in the top global ranking by Visual Capitalist. The…
The global shipping industry has spent nearly two years rerouting vessels around Africa as attacks in the Red Sea disrupt one of the world’s most important trade corridors. Yet South Africa, the country best positioned to benefit from the shift, is struggling to seize the opportunity. Cape Town has been ranked the world’s worst-performing container…
