Ventures

Burkina Faso's Bold Move to Enhance National Profit in Gold Mining In a significant development for its mining landscape, Burkina Faso has officially increased its free-carried equity stake in key gold mining projects from 10% to 15%. This change comes in line with the provisions outlined in the new Mining Code, which was adopted in August 2024. It's a pivotal moment, one that reflects a larger narrative of national sovereignty and economic empowerment. This adjustment affects several prominent mining assets, including…

In recent weeks, Middle Eastern countries have expressed a keen interest in African energy assets, securing deals worth at least $6 billion. This trend underscores an evolving landscape where investment appetites are increasingly aligning across continents, creating promising opportunities and potential partnerships. It raises an interesting question: what draws these nations to Africa at this pivotal moment? Among the key players is the Abu Dhabi National Oil Company (ADNOC). This prestigious firm has recently…

Adani Ports and Special Economic Zone Ltd., established by the billionaire Gautam Adani, is actively seeking port opportunities in South Africa. This initiative marks a significant relaunch of the company’s international expansion efforts, intending to bolster its presence in the dynamic global maritime sector. In a statement, Karan Adani, the managing director of Adani Ports, shared, “We are evaluating port projects in South Africa to boost our presence in Africa.” He further indicated that the company is…

The Dynamic Intersection of U.S. Investment and DR Congo's Mineral Wealth In a landscape marked by strategic maneuvers and fluctuating allegiances, a U.S. mining company is making waves in the rich mineral basin of the Democratic Republic of Congo (DR Congo). With backing from prominent figures such as Jeff Bezos and Bill Gates, this initiative aims to secure vital rare minerals necessary for the energy transition. It's not merely a business venture; it’s a significant play to contend with China’s longstanding…

Turkey's Ambitious Initiative to Enhance Energy Independence In a move that promises to reshape the energy landscape of the region, Turkey is gearing up to initiate a robust series of oil and natural gas exploration projects in Libya, Iraq, Somalia, and Azerbaijan. This strategic initiative, heralded by Turkish Energy Minister Alparslan Bayraktar, aims to significantly diminish Turkey's reliance on imported energy sources. Announced during a recent event in Istanbul, this plan reflects Turkey’s commitment to…

Turkey Expands Energy Exploration in Bulgaria and Beyond In a noteworthy development for the energy sector, Turkey is currently engaged in negotiations to explore lucrative oil and gas opportunities in Bulgaria. This initiative, highlighted by Energy Minister Alparslan Bayraktar, signals Turkey's ambitious plans not only for Bulgaria but also for Iraq and Libya. Turkey's state-owned energy enterprise, Turkiye Petrolleri AO (TPAO), is poised to ink an agreement next month with a foreign partner—whose identity remains…

Imagine a network so complex and deeply intertwined, yet not where you'd expect to find it—no, not in a tech corporation or a sprawling conglomerate, but within mercenary operations. The Wagner Group is perhaps most notorious for providing soldiers for hire to authoritarian states, but the real story weaves through an extensive and intricate tapestry of corporate alliances. These range from mining to political influence, each thread tightly connected, forming an ensemble that performs on stages far and wide—especially…

Imagine a place rich with minerals, a land that holds the keys to future technologies. This is the Democratic Republic of Congo, a nation blessed with enormous reserves of cobalt, lithium, and uranium. It's here where the United States is setting its sights, engaging in high-stakes discussions to inject billions of dollars in investment while hoping to contribute to the resolution of ongoing conflicts plaguing the country's eastern region. The Congolese government has been grappling with the persistent threat…

The Hobyo-Port Initiative (Courtesy of MyProperty) Pretty recently, Turkish builders have been all about turning African air and sea ports into some real head-turners. Summa Construction is knee-deep in airport ventures in Nigeria. Meanwhile, Metag Holding, hailing from Ankara, inked a $70 million blueprint to spruce up Hobyo Port, Somalia's mighty second-largest. These Turkish enterprises are grabbing the spotlight with their big plays in boosting African airwaves and waterways. "Metag Holding's freshly inked pact looks…