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News
TotalEnergies and partners plan $10 billion Angola investment to protect 450,000-barrel daily output
27+ min ago (338+ words) TotalEnergies and its partners plan to invest $10 billion in Angola over the next five years as the Southern African country struggles to maintain production from its ageing offshore oilfields. Patrick Pouyanné, TotalEnergies’ chairman and chief executive, announced the investment programme…...
India’s largest sustainable critical minerals producer ships first lithium ore from Zimbabwe, secures 10 blocks with an estimated $7 billion lithium deposit
6+ hour, 41+ min ago (285+ words) India’s Lohum has shipped its first consignment of lithium ore from Zimbabwe, marking the start of its mining operations in the southern African country and making it the first Indian company to produce lithium from overseas assets. The move gives…...
ExxonMobil makes 20th oil discovery in Angola block that has produced 2.7 billion barrels
15+ hour, 44+ min ago (471+ words) ExxonMobil has made the twentieth oil discovery in an offshore Angola block that has already produced more than 2.7 billion barrels over three decades. Angola’s National Oil, Gas and Biofuels Agency, known as ANPG, announced on September 9 that the Vicango Este…...
Chinese nuclear giant nears $321.5 million Namibia uranium deal as miner raises another $82 million
15+ hour, 53+ min ago (473+ words) China’s state-owned nuclear group is moving closer to a $321.5 million investment in Namibia’s Etango uranium project as Australian-listed Bannerman Energy raises another approximately $82 million to fund construction. Bannerman announced on September 9 that it had launched a fully underwritten A$124 million…...
An African country that banned exports of its most important raw resource has now banned two more raw materials
21+ hour, 56+ min ago (374+ words) Months after banning the export of lithium concentrates, the Southern African country of Zimbabwe has banned another one of its raw exports. To force more companies to refine its raw materials domestically, Zimbabwe recently decided to prohibit the export of…...
The world???s newest oil producing country is emerging from Africa with a 230,000 bpd target
22+ hour, 46+ min ago (503+ words) The global market is set for the emergence of a new African oil exporter. Uganda, typically known for its coffee, gold, and cocoa beans among other key exports, is about to join the elusive club of oil producing countries. The…...
Africa’s second-richest man names son co-deputy chairman in succession plan for Richemont luxury empire
1+ day, 17+ min ago (399+ words) Johann Rupert, the South African billionaire who has long kept a tight grip on luxury group Richemont, is finally giving investors a clearer picture of what comes next. The 76-year-old chairman has appointed his 39-year-old son, Anton Rupert, as non-executive…...
South Africa makes fresh bid to block $1.35 million auction of Nelson Mandela’s belongings after 4-year legal battle
1+ day, 1+ hour ago (743+ words) South Africa has returned to its Constitutional Court in a renewed attempt to stop the auction in the United States of 29 personal items once belonging to Nelson Mandela, escalating a four-year legal battle over whether the memorabilia should be treated…...
As fear drives 100s to Kenya’s embassy, the government quickly moves to grant temporary amnesty to its undocumented neighbours
2+ day, 3+ hour ago (427+ words) Amid growing concern among undocumented East Africans in Kenya, the administration led by President William Ruto has decided to grant them temporary amnesty. This decision follows the mass panic on Monday that prompted hundreds of Burundians to run to Kenya’s…...
Top 10 African countries with the most foreign nationals legally permitted to live in South Africa
2+ day, 3+ hour ago (427+ words) South Africa remains a major destination for migrants from across the continent, even as a growing anti-immigration movement has put the presence of foreign nationals under intense public scrutiny. The country was recently rocked by nationwide protests, with demonstrators demanding…...