Africa

The African Development Bank Group and the United States Exchange Views on Common Opportunities to Support Economic Transformation

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November 2025 The Deputy Director General of the African Development Bank Group (www.AfDB.org) for West Africa, Joseph Martial Ribeiro, received on 17 November at the institution’s headquarters in Abidjan a high-level American delegation led by Jessica Davis Ba, United States Ambassador to Côte d’Ivoire, and Alex Severens, Alternate Executive Director of the Bank Group for […]

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Barrick Will Pay 430 Million Dollars to Mali to Settle Their Mining Dispute

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November 2025 Barrick Mining is said to have agreed to pay 244 billion CFA francs (430 million dollars) as part of its agreement with Mali, under the deal concluded by the company to end a two-year dispute that led to the closure of the Loulo-Gounkoto gold complex, according to Bloomberg. The payment is expected to

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Rio Tinto Increases Its Stocks of Simandou to 2 Million Tonnes for the First Shipment

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Rio Tinto has stockpiled 2 million tonnes of high-grade iron ore at its Simandou project in Guinea for a shipment in mid-November, three sources told Reuters, which would be the first from the mega-mine that should reshape global supply and prices. In its third-quarter production report published, Rio declared that SimFer – one of the

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A Kenyan Tribunal Blocks a 2 Billion Dollar Coal Power Plant on a Heritage Site

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A high Kenyan court has blocked the construction of a 2 billion dollar coal-fired power plant near the coastal town of Lamu, which is home to a site listed as a UNESCO World Heritage site. The developers of the 1,050 megawatt installation, majority-owned by Centum Investment Co., failed to ensure adequate public participation, declared Judge

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The AFC Launches a Call for Tenders for the Construction of a Railway Link in Zambia

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October 2025 The Africa Finance Corp. intends to launch a call for tenders from companies for the construction of a new railway link between the copper-rich region of Zambia and an existing line that leads to the Angolan port of Lobito in the coming months. The call for tenders will be divided into three parts,

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Breaking: Congo Builds First Gold Refinery to Capture Value

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Congo Launches Its First Gold Refinery Pilot — A Historic Step for the Country’s Mining Industry The Democratic Republic of the Congo has reached a historic milestone with the launch of its first pilot gold refinery in Kalemie, Tanganyika Province. The refinery, DRC Gold Refinery S.A., was officially inaugurated on 11 March 2026, marking a

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One of South Africa’s Largest Export Engines

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Mining Still Carries South Africa’s Economy — Even When People Forget When people talk about the South African economy today, the conversation usually revolves around finance, banking, and corporate headquarters in Johannesburg. But beneath that modern narrative sits an industry that still quietly carries a significant portion of the country’s economic weight. Mining. It’s easy

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The Industrial Spine of Congo’s Cobalt Boom

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The mining sector in the Democratic Republic of Congo, rich in minerals like cobalt and copper, relies on a crucial industrial ecosystem for operation. MES Holdings plays a pivotal role in this ecosystem by providing engineering and manufacturing services, establishing local production facilities, and supporting recycling initiatives. This approach enhances industrial capacity, reduces reliance on imports, and fosters sustainable practices.

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The $9B Sicomines Mining Deal Under Fire as Congo Orders New Audit

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The Democratic Republic of Congo has launched a new technical and financial audit into one of the most controversial mining agreements in Africa, the Chinese-backed Sicomines minerals-for-infrastructure deal. The review, announced on March 5 by the government’s Regulatory Agency for the Monitoring and Coordination of Collaboration Agreements (APCSC), will examine the mining operations, infrastructure spending

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