President John Dramani Mahama has urged African governments to prioritise road and rail infrastructure, warning that weak transport networks continue to raise business costs and hinder trade across the continent. He said stronger transport links are critical to making intra-African trade more affordable and fully realising the goals of the AfCFTA.
South Africa’s state-owned Industrial Development Corporation is backing Frontier Rare Earths’ Zandkopsdrift project in the Northern Cape, funding a feasibility study for a mine expected to produce rare earths and battery-grade manganese by 2030. The EU, seeking alternatives to Chinese supply, has designated the project a strategic asset, while Frontier explores EU funding partnerships and innovative extraction technology.
Founded in 2014, the privately held firm is repositioning to address Africa’s growing food security pressures while capitalising on rising demand for digital infrastructure driven by cloud computing and artificial intelligence. The company has already invested about $300 million in land acquisitions and asset-backed projects across the continent, with further funding to be deployed through partnerships and public–private collaborations with African governments.
President John Dramani Mahama has cautioned that Africa could miss out on critical development opportunities if countries on the continent
Ghana has moved to capture greater value from its gold sector by launching local refining operations for artisanal and small-scale miners.
U.K. bond yields rose as Prime Minister Keir Starmer faced mounting pressure over his handling of former ambassador Peter Mandelson’s links to Jeffrey Epstein. The controversy has intensified calls from Labour MPs for a leadership challenge, with analysts warning it could mark a tipping point in Starmer’s premiership.
The United States is working with Mexico, the European Union, and Japan to establish minimum prices for critical minerals, the
South Africa announced on Tuesday that it will increase the national minimum wage by 5% starting 1 March, raising the hourly rate to R30.23 ($1.89) from the previous R28.79 ($1.80).
Uber reported better-than-expected revenue for the fourth quarter on Wednesday, although shares fell in premarket trading following the earnings release.
Nigeria is advancing its abundant natural gas resources as a key driver of Africa’s industrial development and energy transition, amid
