South Africa has revoked HSBC’s local banking license following the withdrawal of its foreign exchange authorization earlier in 2026. HSBC has completed the sale of its South African branch operations ...
Côte d’Ivoire has begun building a solar plant in Tongon, expected to supply electricity to 300,000 people by mid-2028. The CFAF 33 billion project is expected to create nearly 500 construction jobs ...
Norway's BW Energy suspended operations at its MaBoMo oil production facility offshore Gabon after the Prospector 5 drilling rig sank on October 24. Five people missing: The rig carried 115 people ...
Poland’s Faspol, through its affiliate Faspol Africa, signed an agreement with Guinea on October 22 to explore investments in mango cold storage infrastructure. Post-harvest losses: Guinea loses an ...
Australian producer Syrah Resources expects $15 million in U.S. financing by October 31 to maintain operations at its Balama graphite mine in Mozambique. Share purchase rights linked to this and an ...
African airlines recorded 10 accidents in 2024, with an accident rate nearly 10 times the global average, according to IATA. Employees and contractors with authorized access to restricted areas create ...
Mali activated a fiber-optic connection with Senegal on October 5, adding another route to global internet networks through submarine cables linked to Cape Verde and Portugal. Infrastructure gaps: ...
Burkina Faso has approved a state-backed company to make wine from local grapes, while private producers already sell hibiscus and palm-based alternatives. These alternatives have established markets, ...
DR Congo cobalt, Tanzania nickel: U.S.-backed Orion has two big mining deals in the works, a year in
U.S.-backed Orion CMC is in advanced talks to invest in Tanzania’s Kabanga nickel and cobalt project, but the investment amount remains undisclosed. The consortium also plans to acquire 40% of ...
Sudan has approved imports of more Brazilian poultry products, including chicks, hatching eggs, meat and offal. Brazilian chicken exports to Africa reached a record 1.16 million tons in 2025, up 20.3% ...
Nigerian billionaire Aliko Dangote is expanding his oil business beyond refining, acquiring a 24.76% stake in Kenya Pipeline Company for approximately $327 million. The investment gives him a foothold ...
Sasol is discussing coal processing projects with Uzbekistan, but no final agreement has been announced. The talks include a possible role in turning coal into chemicals used to make plastics and ...
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