Burundi has signed a three-year agreement with US-based mining companies KoBold Metals and Lifezone Metals to explore critical minerals needed for the global energy transition, marking a significant step in the East African country’s push to attract foreign investment into its natural resources sector. Burundi has signed a three-year minerals exploration agreement with US mining…
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In a period of geopolitical turmoil and fluctuating oil markets, African countries can benefit greatly from retaining relatively low fuel prices. Fuel prices in Egypt, Nigeria, Ethiopia, and Liberia increased compared to last month. Fuel prices in Algeria, Tunisia, and Niger decreased slightly, despite the overall increase in the global average price. Fuel prices in…
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Kenya is exploring plans to extend a colonial-era railway to its north-western oil fields, creating a new route to transport crude to an Indian Ocean port by 2030. Kenya is planning to build a 640 km meter-gauge railway to transport crude oil from its north-western oil fields to an Indian Ocean port by 2030. The…
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France has signaled a renewed diplomatic push in Africa with the first visit in seven years by a senior official to the Central African Republic (CAR). France is renewing its diplomatic engagement in Africa, highlighted by Foreign Minister Jean-Noël Barrot’s visit to the Central African Republic (CAR) after seven years. The visit marks Paris’ strategic…
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The International Finance Corporation (IFC) is considering a $40 million investment in Nile Sugar Company, a sugar beet project owned by one of Egypt’s leading business families, as the country works to reduce its dependence on imported sugar. The International Finance Corporation (IFC) is considering a $40 million investment in Nile Sugar Company to support…
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Rising global oil prices are offering a fresh financial reprieve to Algeria, Africa’s largest country by landmass, as crude briefly surged past $100 a barrel amid geopolitical tensions linked to the Iran conflict. Oil prices briefly surged above $100 per barrel, offering Algeria fiscal breathing room amid geopolitical tensions that threaten global energy supplies. The…
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