Angola launches $4 billion gas plant
Angola has inaugurated a $4 billion gas processing plant in Soyo, marking a major step in diversifying its energy sector beyond crude oil. The facility, developed by Novo Consórcio de Gás (NCG) with partners including Azule Energy, Sonangol E&P, Chevron, and TotalEnergies, can process 400 million cubic feet of gas per day from Angola’s first standalone gas […]
Zimbabwe revises gold royalty structure
Zimbabwe is set to raise royalties on gold producers to capitalize on soaring bullion prices, according to the country’s 2026 national budget. Gold miners will face a 10% royalty on production when prices exceed $2,501 per ounce, reflecting an effort to boost state revenue and support local industry. Although gold has dipped 5% from its October record […]
Kenya’s new model for major infrastructure
Kenya is partnering with two Chinese state firms to launch a $1.5 billion highway expansion, marking Beijing’s return to major infrastructure projects in the country after a years-long pause. The initiative, structured as a public-private partnership, will upgrade key transport corridors linking Mombasa to Nairobi and western regions, facilitating trade with landlocked neighbors like Uganda. The […]
Billboard Africa launches to amplify continent’s sound
Africa’s music industry is rising to global prominence at an accelerating pace, fueled by surging interest in Afrobeats, Amapiano, and other homegrown sounds. New data shows Afrobeats’ global listenership up 28% in 2024, while streaming hours for Nigerian artists exceeded 1.1 million. As this momentum grows, major players like Billboard are deepening their footprint with the launch […]
Seychelles tops Africa’s 2024 GDP per capita ranking
Africa’s richest countries in 2024, based on World Bank GDP per capita data, highlight both rising prosperity and persistent inequality across the continent. Seychelles leads the ranking despite a slight contraction, followed by Mauritius and Gabon, each benefiting from strong tourism, services, or resource-driven revenues. Further down the list, nations such as Algeria, South Africa, and […]
Côte d’Ivoire bets on oil and gas for growth
Côte d’Ivoire expects its economic growth to accelerate over the next five years as rising oil and gas production begins to reshape the country’s outlook. Planning Minister Kaba Niale says output could reach at least 200,000 barrels per day by 2027 or 2028, a sharp jump from the 44,000 barrels pumped in 2024. This momentum follows a […]
Zambia’s mega-refinery project gets green light
Zambia’s energy ambitions have taken a major leap forward as authorities issue an investment license for a $1.1 billion oil refinery and integrated energy complex in Ndola. The move allows the China Zambia Petrochemical Corporation—formed by the IDC and Fujian Xiang Xin Corporation—to shift from planning to full implementation, with groundbreaking expected within weeks. Officials say the […]
EIB and AfDB back Mauritania’s rail upgrade
Mauritania is set for a major infrastructure boost as the European Investment Bank and the African Development Bank unveil a $275 million financing package to modernize the country’s key Zouerate–Nouadhibou railway corridor. The investment aims to upgrade existing tracks, add 42 kilometers of new rail to future mining hubs, and fund modern locomotives and equipment. This overhaul […]
US backs Zipline to transform healthcare across Africa
The US government has awarded $150 million to California-based drone logistics company Zipline to accelerate its expansion across Africa. Since launching in Rwanda in 2016, Zipline has revolutionized medical supply delivery, using drones to transport blood, vaccines, and essential healthcare products. The company has since extended operations to Côte d’Ivoire, Ghana, Kenya, and Nigeria. The funding is […]
