Nigeria may soon hand majority control of two of its most strategic oil assets to Chinese investors as the Nigerian National Petroleum Company Limited pushes a new plan to revive the country’s troubled refineries after years of failed rehabilitation efforts. NNPC is considering an NLNG-style partnership that could hand Chinese investors a 51% stake in…
Egyptian billionaire Hisham Talaat Moustafa is making a major push into the Middle East’s fast-growing entertainment industry through a new partnership with Saudi Arabia’s Sela, as Gulf money increasingly reshapes tourism, culture and consumer spending across the region. Egyptian billionaire Hisham Talaat Moustafa has partnered Saudi Arabia’s Sela to launch a major entertainment and live…
General Dagvin Anderson of the United States Air Force (USAF) has outlined a bleak viewpoint on the state of security across Africa. General Dagvin Anderson highlighted worsening security in Africa due to growing terrorist networks and bad actors. Africa’s strategic significance was emphasized, both as a global commerce hub and a key supplier of critical…
Australian mining company Midas Minerals has reported another round of high-grade copper and silver drill results from its Otavi Copper Project in Namibia, strengthening investor expectations that the southern African country could be home to one of the region’s more significant undeveloped copper discoveries. Australian miner Midas Minerals has announced another round of high-grade copper…
A newly confirmed rare earth elements (REEs) discovery in Mkiu Village, Ludewa District, Njombe Region, Tanzania, is adding fresh momentum to Africa’s bid to become a critical supplier of strategic minerals key to the global clean-energy transition. A significant rare earth elements (REEs) discovery in Mkiu Village, Tanzania, could make the country a major player…
Africa’s worsening electricity shortages and rising energy costs are driving a massive surge in demand for Chinese solar equipment, strengthening Beijing’s grip on one of the world’s fastest-growing renewable energy markets. China’s solar exports to Africa jumped 83% in April as countries accelerated efforts to tackle electricity shortages and rising energy costs. South Africa and…
The Nigerian billionaire, Abdulsamad Rabiu, is quickly approaching a historic financial milestone, as Nigeria’s second-richest man and Africa’s second-richest individual currently has a net worth of $19.7 billion, according to the Bloomberg Billionaires Index. Abdulsamad Rabiu, Nigeria’s second-richest man, now holds a net worth of $19.7 billion according to Bloomberg. Rabiu’s fortune has increased by…
China has unveiled its first stealth fighter built specifically for export, a development that could widen fifth-generation fighter jet options for African countries beyond America’s Lockheed Martin F-35 Lightning II and Russia’s Sukhoi Su-57. China has unveiled the J-35AE, its first export-oriented stealth fighter, aiming to rival the US F-35 and Russian Su-57 in global…
The growing wave of military coups across West Africa may no longer be something the Economic Community of West African States (ECOWAS) can easily stop, according to one of the bloc’s top security officials, who says global power shifts have dramatically weakened the regional body’s influence. ECOWAS says shifting global power dynamics are making it…
