Faith Nyasuguta The African Development Bank (AfDB) has approved a major financing package of $184.1 million to support Egypt’s Obelisk solar project- destined to become Africa’s largest solar photovoltaic (PV) power plant with an integrated 200 MWh battery storage system. The funding was approved by the bank’s Board on June 11, 2025, marking a milestone […]
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Faith Nyasuguta Burkina Faso has officially handed over five major gold mining assets to its state-owned mining company, SOPAMIB, marking a bold advancement in the country’s drive for greater sovereignty over its natural resources. The transfer, confirmed through a decree published late Wednesday, concludes a process initiated in August 2023. It also complements sweeping reforms […]
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Faith Nyasuguta In a landmark trade announcement, China has pledged to remove all import tariffs on goods from 53 African countries, excluding Eswatini, the only African nation without diplomatic ties to Beijing. This sweeping policy shift was announced on June 12, 2025, during the China-Africa Economic and Trade Expo in Changsha, and is seen as […]
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Faith Nyasuguta The European Commission has recently updated its high-risk third-country list, adding Kenya, Algeria, Angola, Cote d’Ivoire, Lebanon, Monaco, Namibia, Nepal, and Venezuela to jurisdictions flagged for strategic weaknesses in anti-money laundering (AML) and counter-terrorist financing (CFT) systems. The move, aligned with the Financial Action Task Force’s “grey list,” reflects ongoing global scrutiny of […]
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Faith Nyasuguta Africa’s richest man, Aliko Dangote, is set to step down as Chairman of Dangote Sugar Refinery Plc on June 16, 2025, bringing to an end over 20 years of leadership at one of Nigeria’s most successful and influential food companies. The announcement was made in a statement released by the company’s secretary, Temitope […]
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Faith Nyasuguta Current U.S. President Donald Trump (pictured) has announced plans to impose unilateral tariffs on U.S. trading partners within the next two weeks, signaling a sharp turn in his trade policy approach. Speaking to reporters at the Kennedy Center in Washington, D.C., Trump declared that letters would soon be sent to countries, laying out […]
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Faith Nyasuguta Zimbabwe, Africa’s largest producer of lithium, is taking another bold step to keep more profits from its mineral wealth at home. Starting January 2027, the country will ban the export of lithium concentrates, a move designed to promote local processing and strengthen its presence in the global battery supply chain. The announcement was […]
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Faith Nyasuguta Burkina Faso has taken a bold step to claim a larger share of its gold wealth by increasing the government’s free-carried equity in major mining projects from 10% to 15%. The move, implemented under the country’s newly revised Mining Code adopted in August 2024, is set to significantly boost state revenues without raising […]
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Faith Nyasuguta Namibia is charting a bold new course in its energy journey, with plans underway to construct its first nuclear power plant, a move that could dramatically transform its energy sector. At the heart of this ambitious project is Rosatom, Russia’s state-backed nuclear energy corporation, which is emerging as a key partner in what […]
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Faith Nyasuguta South Africa’s Eastern Cape province is reeling after the tragic sweep-away of a minibus carrying schoolchildren amid relentless floods and unprecedented snowstorms. The minibus vanished in roaring floodwaters, its exact passenger count still unknown, although three children have been rescued alive, provincial spokesperson Khuselwa-Rantjie confirmed. As dusk fell, rescue crews were forced to […]
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