Aliko Dangote, Africa’s richest man, has stated that his true worth may be substantially higher than the figures currently published by global wealth trackers, noting that some of his most valuable firms are privately held. Aliko Dangote claims his real net worth is much higher than global wealth trackers estimate, as many of his valuable…
Africa’s uranium industry is becoming a strategic front in the global race for nuclear fuel, as rising reactor demand, supply-security concerns and resource nationalism draw fresh attention to the continent’s reserves. Africa is becoming increasingly significant in the global uranium industry due to growing nuclear reactor demand and geopolitical interest in nuclear fuel supply. Namibia,…
The European Parliament has called on the European Commission to withdraw its proposed €156 million (about $179 million) funding package for Tanzania, escalating tensions between Brussels and Dar es Salaam over allegations of electoral fraud and human rights violations. The EU has urged the European Commission to withdraw €156 million in proposed funding for Tanzania.…
Ukraine is deepening its engagement with Africa by combining food security diplomacy with technology partnerships, as Kyiv seeks to convert its “Grain from Ukraine” initiative into a broader platform for long-term economic cooperation across the continent. Ukraine is shifting its ‘Grain from Ukraine’ initiative from humanitarian aid to a platform for long-term economic cooperation in…
Toyota Motor Corp. shareholders have backed Akio Toyoda’s continued grip on the world’s top-selling automaker, re-electing the founding-family heir as chairman as the company pursues a $33 billion supplier buyout and leans on resilient sales in Africa. Akio Toyoda was re-elected as chairman of Toyota, reinforcing the founding family’s influence as the company pursues a…
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…
