Civil society organization Public Interest SA has issued a strict 14-day ultimatum to the City of Johannesburg, demanding an immediate and transparent financial recovery strategy or face legal action over its escalating electricity debt crisis. The warning follows revelations that Johannesburg owes South Africa’s state power utility, Eskom, more than R5.2 billion (over $315 million) […]

The Nigerian National Petroleum Company Limited is considering a major restructuring initiative that could hand Chinese investors a controlling 51% equity stake in Nigeria’s Port Harcourt and Warri refineries as part of a new Technical Equity Partnership (TEP) framework. The proposed arrangement represents a dramatic shift from the country’s longstanding fixed-fee refinery rehabilitation contracts toward […]

Governor Peter Mbah has undertaken an extensive inspection tour of major infrastructure projects across Enugu State, with particular focus on the newly constructed 40-kilometer dual carriageway designed to transform regional connectivity and economic activity. The inspection exercise forms part of the state government’s final assessment ahead of the formal commissioning of several flagship projects. According […]

Nigeria is facing mounting criticism from civil rights organizations, media advocates, and opposition figures over what critics describe as an escalating crackdown on bloggers, journalists, and online activists under the country’s cybercrime laws. The backlash comes as the country continues to grapple with worsening insecurity, including mass kidnappings, armed banditry, and insurgent violence across several […]

Burkina Faso has officially created a new sovereign wealth fund aimed at capturing surplus mining revenues and redirecting them toward long-term industrialization and infrastructure development. The country’s Council of Ministers approved the executive decree establishing the Fonds Souverain Minier d’Investissements du Burkina Faso (FSMIB), officially named “Siniyan-Sigui.” The initiative marks another major step in the […]

World Bank Group has announced an ambitious new strategy aimed at mobilizing nearly $23 billion in private investment for Africa over the next four years, as the continent faces mounting pressure from rising youth unemployment, infrastructure shortages, and persistent energy deficits. The multi-billion-dollar initiative represents one of the institution’s most aggressive efforts yet to attract […]

Aluminum Corporation of China, widely known as Chalco, has finalized a landmark $1 billion agreement to construct a large-scale alumina refinery in Guinea, strengthening the country’s ambitions to move beyond raw mineral exports and expand domestic industrial processing. The agreement marks a historic milestone for Chalco as the company’s first overseas alumina refining project. It […]