The UK-based mining company, Vedanta Resources, has taken the calculated decision to slightly divest one of its assets in an attempt to raise funds for its mining operations in Zambia. Vedanta Resources plans to sell an 11.8% stake in its U.S. division, CopperTech Metals Inc, to raise up to $429 million. Most of these funds…
For quite a number of Nigerian travellers going to other destinations today, the journey does not end at arriving at the airport. In fact, a new one begins there. Nigerian travellers increasingly face payment and connectivity challenges abroad, including card restrictions and delayed mobile data access. As international travel becomes more digital, demand is growing…
Angola’s push to strengthen its place among Africa’s major oil producers has received another boost after Azule Energy awarded a $1 billion contract to Italian contractor Saipem for work on the Greater PAJ project. Saipem has won a $1 billion contract to build offshore infrastructure for Angola’s $5.1 billion Greater PAJ oil project. The contract…
As conflict, terrorism and geopolitical tensions continue to weigh on global stability, a handful of African countries have managed to stand out as islands of peace. Global peacefulness has declined for the 15th time in 18 years, dropping by 0.7% in the last year according to the Global Peace Index 2026. Ongoing conflicts, rising geopolitical…
Libya’s House of Representatives has criticised US Vice President JD Vance after he compared the risk of Iran’s collapse to Libya’s post-2011 instability, a period that disrupted the country’s oil-dependent economy and left it divided between rival political and armed factions. Libya’s House of Representatives criticized US Vice President JD Vance for comparing Iran policy…
The Nigerian billionaire Femi Otedola recently labelled Africa’s richest man, Aliko Dangote, as a “$200 billion man in the waiting,” just days after Dangote hinted at being worth over $38 billion. Femi Otedola called Aliko Dangote a “$200 billion man in the waiting” after hosting him in Monaco. Dangote’s wealth is expected to soar due…
The 650,000-barrel-per-day Dangote Refinery, according to recent data, imported an estimated 1.46 billion litres of intermediates and gasoline blendstock. The Dangote Refinery imported 1.46 billion litres of intermediates and gasoline blendstock between January and May. Despite increased crude oil access, the refinery continues to rely on imported intermediates to maintain and optimize gasoline output. Average…
Kenya is reviving a $1.2 billion expansion of Nairobi’s main airport, months after abandoning a controversial Adani-linked deal that had triggered public anger, legal scrutiny and political pressure. Kenya has appointed AFC and TDB to arrange financing for a $1.2 billion upgrade of Jomo Kenyatta International Airport. The project comes after Kenya cancelled a proposed…
Ireland has deported 42 South African nationals who were living illegally in the country, at an initial cost of €735,000 ($853,000), as South Africa faces renewed debate over migration, xenophobia and the presence of undocumented foreign nationals. Ireland deported 42 South African nationals living illegally in the country, at an initial cost of €735,000. Deportation…
