Africa’s Energy Transition Must Be Locally Led
Africa’s energy transition must be designed in Africa, for Africa, balancing three urgent imperatives: expanding energy access, driving industrial growth, and prioritising energy security for the continent. That means shaping policies, financing mechanisms, and partnerships that work for Africa rather than copying models that do...
Africa’s $100B investments boom as oil projects open in Nigeria, Angola and Uganda
Africa is set to add 1.2 million barrels per day of new refining capacity by 2030 – driven by landmark projects across Nigeria, Angola and Uganda. These investments will pave the way for a $100 billion investment window, offering a new phase of growth in...
U.S. Senator Ted Cruz driving strategic American energy influence in Africa
Senator Cruz’s participation at African Energy Week: Invest in African Energies is expected to firm up U.S.-Africa energy ties. Known for his push for energy independence and market-driven growth, Senator Cruz’s message is expected to center on expanding private-sector investment. Texas lawmaker also set to...
Russia’s Rosatom inks $1.2 Billion nuclear energy deal with Tanzania
Deal aims to harness Tanzania’s vast uranium reserves as a driver for economic growth, industrial development, and future clean energy prospects. Project involves a 20-year plan to extract and process an estimated 300,000 tonnes of uranium. Construction is scheduled to begin in the first quarter...
Unlocking Value: Africa’s rise as a hub for mineral processing
Mineral processing firm Buenassa in the DRC is developing the country’s first integrated copper and cobalt refinery. In Mali, Russia’s Yadran Group and a Swiss investor are collaborating with the government in a deal to process up to 200 tonnes of gold per year. In...
EU bets big on Africa’s critical raw materials to secure green future
In the six months to June 30, EU identified four major mining projects in Africa among its 13 globally strategic targets under the Critical Raw Materials Act. These projects spread across Malawi, South Africa, Madagascar and Zambia will receive direct EU financing and technical support....
African leaders call for U.S. tariff reforms, investment-led ties
“It is time to replace the logic of aid with the logic of investment and trade,” says Angolan President João Lourenço. “We should review the high tariffs on African countries. What is needed is more trade between Africa and the U.S., not less,” said AfDB...
Revealed: Coca-Cola’s $10.4 billion ripple effect across African economies
Across 54 African markets, Coca-Cola contributed $10.4 billion in economic activity across its value chain in 2024. The beverage giant’s value chain supported over 1 million jobs in retail, agriculture, manufacturing, transport and services in Africa. Soft drinks maker purchased $4.3 billion from suppliers in...
Policymakers bet big on Islamic finance to reshape Africa’s MSME economy
Policymakers aim to direct Islamic finance away from passive monetary markets and toward productive enterprise, especially MSMEs in Africa. Islamic financial institutions urged to allocate at least 20% of their loan portfolios—an estimated US$1 trillion—toward MSME In Africa, lack of affordable financing is a persistent...
Angola opens energy frontier to U.S. investors in renewables and minerals
US investors are now eyeing new frontiers—ranging from gas monetization and mineral development to solar and green hydrogen investments in Angola. Luanda has unveiled over $60 billion in oil and gas investment prospects through its National Oil, Gas and Biofuels Agency. These investments span exploration,...
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