UK Pledges $400 Million to Help Ethiopia Expand GERD-Linked Power Grid
Gridworks, a UK government-supported investor, will fund and develop around $400 million in electricity transmission projects in Ethiopia as the […]
African Markets
FDA Cautions Against Purchasing Foods from Vendors Near Open Gutters
The FDA has urged the public to stop buying food sold in unhygienic locations, warning that the practice puts public health at risk. Deputy CEO Roderick Daddey-Adjei said consumers have a key role in driving change, as vendors will be forced to improve hygiene if people refuse to buy unsafe food.
India Tariff Slash: Trump Reduces Duties After Modi Halts Russian Oil Imports
President Donald Trump has announced a reduction in U.S. tariffs on Indian goods after Prime Minister Narendra Modi agreed to curb India’s purchases of Russian oil, signaling a shift in trade and energy ties between the two countries.
Zodiac Gold to Invest $6.1 Million in Exploration of Liberia’s Todi Gold Project
Canadian gold exploration firm Zodiac Gold Inc. has kicked off its 2026 exploration activities at the Todi Gold Project in Liberia, committing $6.1 million to drilling and trenching at the Ben Ben target.
Nigeria’s Dangote refinery enhances gas agreements with NNPC
In a major move aligning corporate expansion with national strategy, three subsidiaries of the Dangote Group have secured enhanced gas
Nigeria Petrol price shock: Marketers say they can’t raise money to buy products
Oil marketers are lamenting that the recent increase in the price of petrol is negatively affecting their businesses as they
Zimbabwe Set to Launch Africa’s First Lithium Sulphate Plant, Transforming Mineral Revenue Potential
Zimbabwe is advancing its position as Africa’s top lithium producer with the launch of a lithium sulphate plant, shifting from raw ore exports to high-value refined production. The move, supported by major Chinese investors, is expected to boost industrialization, strengthen the country’s role in clean energy supply chains, and capture greater economic value from its mineral resources.
Gold and Silver Prices Fall Sharply Following Friday’s Decline
Gold and silver prices plunged further after a recent rally pushed both metals to record highs. Spot gold fell over 9% to $4,403 an ounce, while silver dropped 15% below $72. Analysts say the sell-off was triggered by Kevin Warsh’s nomination as US Federal Reserve chair, alongside profit-taking after weeks of parabolic gains.
Fuel prices to rise as cedi weakens, crude prices climb
Fuel prices are poised for a possible rise with industry projections pointing to increases across petrol, diesel, and LPG in
Ghana Champions Global Call for $100bn Yearly Adaptation Finance
Ghana has urged African leaders to unite behind a bold push for $100 billion in annual climate adaptation and mitigation finance, stressing that the continent cannot tackle escalating climate impacts alone. Speaking on behalf of President Mahama, Minister Alhaji Baba Seidu Issifu highlighted Africa’s disproportionate climate burden and called for fair, accessible financing, strengthened partnerships, and collective action to turn adaptation into a driver of sustainable growth and industrialisation.