Business & Economy

Africa’s critical minerals processing gamble puts sovereignty to the test

Across Africa, governments are restricting raw mineral exports and promoting critical minerals processing to keep more value at home. But turning policy into industry will require power, investment and regional coordination.

Kenya’s Rare Earth Minerals Push Kwale County to the Centre of a US-China Contest

Kenya's rare earth minerals at Mrima Hill have drawn competing interest from the United States and China, highlighting the growing geopolitical importance of Africa's critical mineral resources.

Burkina Faso approves CFA104 billion electrification programme to close rural power gap

Burkina Faso has approved a CFA104.175 billion power expansion scheme designed to connect more than 250,000 households and narrow the country's vast urban-rural electricity gap.

TEXFORCES-BF: Burkina Faso Launches Textile Complex to Transform Cotton Locally

Burkina Faso has inaugurated TEXFORCES-BF, a major integrated textile complex near Bobo-Dioulasso designed to process local cotton into finished fabrics and garments. Authorities say the project will strengthen industrial sovereignty, create jobs and reduce dependence on imports

Starlink Senegal Licence Suspended After Sonatel Legal Challenge

Senegal's Supreme Court has temporarily suspended the Starlink Senegal licence after telecoms giant Sonatel challenged the terms of the satellite internet authorisation.

DR Congo’s debt sustainability holds, government insists, after record Eurobond debut

The Democratic Republic of Congo says its debt remains sustainable despite issuing its first-ever Eurobond worth $1.25 billion. Officials point to a largely concessional debt portfolio, strong investor demand and rising mining revenues as evidence

Dangote Refinery IPO: Minimum Subscription Fixed at N5,250

The Dangote Refinery IPO will allow Nigerians to subscribe for shares from N5,250, with the offer opening on 14 September and closing on 13 October.

Congo has stopped debating local processing. It has started forcing it.

Congo's copper export ban forces a major shift towards local processing, but chronic power shortages could determine whether the policy succeeds.

Zambia’s $3.5 billion illicit financial flows crisis deepens as multinationals come under scrutiny

Zambia lost an estimated $3.5 billion to illicit financial flows in 2024, with multinational businesses, illegal mining and trade mispricing among the key concerns.

Brazil, Portugal Move to Turn Cabo Verde Into Africa’s Investment Platform

Brazil and Portugal have endorsed Cabo Verde as an investment platform for Africa, with business leaders highlighting technology, tourism, energy and digital services as key growth sectors.

Ruto Orders Tata Chemicals Magadi to Leave Lake Magadi Over Compliance Row

President William Ruto has ordered Tata Chemicals Magadi to leave Lake Magadi, escalating a dispute over mining compliance, local jobs, royalties and value addition in Kajiado County.

Dangote Cement sets London briefing as LSE listing preparations advance

Dangote Cement has set 21 September for a London Capital Markets Day as preparations for its proposed London Stock Exchange listing move forward.

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