investment

Dangote's Cautious Approach Towards The Petroleum Sector In a recent discussion led by Aliko Dangote, Nigeria's most affluent billionaire, plans emerged regarding the construction of the country's largest seaport—an ambitious undertaking that promises to elevate his already expansive conglomerate. However, during a visit by members of the Global CEO Africa to the Dangote Petroleum Refinery, Dangote voiced an unexpected reluctance to dive deeper into the petroleum sector. Isn't it interesting how sometimes, the most…

In the vibrant landscape of Zambia's economic future, Barrick Gold Corporation, a renowned Canadian multinational, is embarking on an ambitious journey. With a formidable investment of $2 billion, the company is significantly expanding the Lumwana copper mine, a move that not only positions Zambia as a pivotal player in the global copper market but also enhances the industrial landscape locally. This expansive project, already underway, has set an impressive goal: doubling the annual copper output at Lumwana to…

During a recent meeting at the White House, President Donald Trump commended Liberian President Joseph Boakai for his remarkable command of the English language. This encounter, which also included leaders from five other African nations, showcased a moment of genuine appreciation. Trump expressed admiration, even inquiring about how Boakai honed his impressive language skills. Yet, beneath this seemingly innocent praise lies a deeper narrative that deserves scrutiny. Critics swiftly seized upon this incident, interpreting…

The Revival of Libya's Petroleum Sector: A New Era of Opportunities The landscape of global energy is shifting, and at the center of this transformation lies Libya, a North African country rich in oil and gas resources. Major players in the industry, including ExxonMobil, Chevron, TotalEnergies, and Eni, are beginning to take note of the country's revitalized petroleum sector. It's a change ripe with promise, both for Libya and for the international energy market. Recently, Masoud…

In a bold move aimed at invigorating the economy and drawing in private sector investment, Kenya is gearing up to privatize a number of state-owned enterprises through initial public offerings (IPOs). President William Ruto articulated this vision during a recent address at the London Stock Exchange, emphasizing the need for a modern and dynamic approach to national economic management. The journey towards privatization is set to kick off later this year with the listing of the Kenya Pipeline Company on the…

The ambitious billionaire Elon Musk is making waves yet again. His satellite internet venture, Starlink, is setting its sights on a hefty R2 billion investment—roughly $112.7 million—in South Africa. This investment appears to be a strategic move to navigate the complexities of the country’s Black Economic Empowerment (BEE) requirements. But what does this mean for both Starlink and the South African landscape? Starlink has openly expressed its intent to forge partnerships with local South African businesses to…

Rwanda and Democratic Republic of Congo Sign Landmark Peace Agreement On a momentous Friday, Rwanda and the Democratic Republic of Congo (DRC) ushered in a new chapter in their tumultuous relationship by signing a U.S.-brokered peace agreement. This development raises a collective hope that the rampant violence, which has claimed thousands of lives and displaced countless individuals throughout the year, may finally be quelled. As tensions have persisted for decades, can this agreement truly herald an era of peace? The…

Afreximbank: A Catalyst for Change in Africa’s Energy Sector In a noteworthy development, Prof. Benedict Oramah, President and Chairman of the Board at Afreximbank, recently shared significant strides the organization has made during the closing session of its 32nd Annual Meetings. His insights offered a profound glimpse into how targeted financial interventions can reshape an entire continent's energy landscape. Oramah introduced the concept of what he refers to as “African Best…

On June 24, 2025, Namibia took center stage at the "Invest in Namibia" Forum, held in the vibrant city of Luanda, Angola. This esteemed gathering was part of the 17th USA-Africa Business Summit, a platform designed to foster dialogue and collaboration between the two regions. Her Excellency President Dr. Netumbo Nandi-Ndaitwah delivered an inspiring keynote address, meticulously outlining Namibia's strategic vision for the future. As she spoke, attendees couldn’t help but feel a palpable sense of enthusiasm. President…

In a significant step towards enhancing regional energy infrastructure, HYDRO-LINK, a specialized company based in the United States, has embarked on an ambitious project to construct a 1,150-kilometer (720 miles) electricity transmission line linking Angola and the Democratic Republic of the Congo (DRC). This $1.5 billion endeavor is anchored by a recent memorandum of understanding with the Angolan government. The DRC, endowed with a wealth of minerals, faces an acute challenge: an erratic power supply that stifles its…