A long-running dispute over one of Abuja’s biggest real estate developments has moved beyond Nigeria’s borders, with Ghanaian businessman Sir Sam Jonah’s company taking the Nigerian government to international arbitration in Paris. A major dispute over the River Park Estate development in Abuja has led to international arbitration in Paris. The project, planned to include…
Chinese-owned mining companies in the Democratic Republic of Congo have rejected claims that their cobalt contains excessive uranium after Kinshasa banned exports of copper and cobalt concentrates to promote local processing. Chinese mining companies in the DRC rejected allegations that their cobalt products contain excessive uranium, calling these claims unfounded. The companies’ response follows a…
The global aviation industry is on the verge of a significant change as a $3 billion investment prepares to turn a native Brazilian fruit into high-performance jet fuel. A $3 billion investment is set to turn Brazil’s macauba palm into a plant-based jet fuel, aiming to revolutionize global aviation fuel. Macauba outperforms traditional crops like…
Malawi is attracting fresh international investment in its critical minerals sector after Australian-listed AuKing Mining agreed to acquire the Machinga Heavy Rare Earth Elements (HREE) Project, underscoring the country’s growing role in the global scramble for minerals essential to electric vehicles, renewable energy and advanced defence technologies. Australian miner AuKing has agreed to acquire the…
As Zambia heads to the polls next week, the country’s mining industry is focused on more than who wins the presidency. Zambia’s miners are looking beyond next week’s elections to policies that can accelerate copper production. The country aims to nearly triple annual output to 3 million tonnes by the next decade. Mining firms are…
Nigeria has approved a $4.5 billion refinancing of the Nigerian National Petroleum Company (NNPC) Limited’s flagship oil-backed financing facility, unlocking $3 billion in fresh funding while reducing the volume of crude committed to servicing the debt in a move expected to strengthen the finances of Africa’s largest oil-producing nation. Nigeria has approved a $4.5 billion…
Morocco is set to build Africa’s second large-scale waste-to-energy plant, a $1.5 billion project designed to turn millions of tons of household waste into electricity while tackling one of the country’s biggest landfill pollution problems. Morocco will construct Africa’s second major waste-to-energy plant in Casablanca, costing $1.5 billion. The facility, led by a Swiss-Japanese consortium,…
In recent weeks, relations between Morocco and the United States have transcended standard national interests, developing into somewhat of a formal friendship between the leaders of the two nations, King Mohammed VI of Morocco and U.S. President Donald Trump. King Mohammed VI of Morocco recently, via a letter, confirmed that he has named the 1,055-kilometre…
First HoldCo Plc, the parent entity of one of Nigeria’s largest commercial bank, First Bank, has secured regulatory approval from the Central Bank of Nigeria to launch a major $1 billion equity offering. First HoldCo Plc received regulatory approval to launch a $1 billion equity offering from the Central Bank of Nigeria. This move is…
