Business

Globeleq has reached commercial and financial close on its 153 MW/612 MWh Red Sands battery energy storage system (BESS) in South Africa’s Northern Cape, in what is being described as Africa’s biggest standalone battery project to reach commercial close. The renewables developer, owned by the development finance institutions of the …

Battery technology developer Alsym Energy has secured a 9-gigawatt-hour strategic partnership with Australian mining consultancy ERITY to deploy sodium-ion storage systems globally, marking a major push to challenge lithium’s dominance in industrial applications. The multi-gigawatt agreement targets the power-intensive mining sector across Tanzania, Saudi Arabia, Finland, and the United States. …

Kenya is overhauling its mining regulations to mandate that investors pay royalties at the point of cargo loading, a move aimed at stamping out tax evasion and ensuring local communities receive long-delayed financial compensation. The policy shift, announced by the Ministry of Mining, Blue Economy, and Maritime Affairs, is designed …

London-listed Aterian subsidiary Eastinco has entered into a long-term supply agreement with an established Rwanda-based tin, tantalum and tungsten (3T) producer and exporter to support the expansion of the company’s trading activities in Rwanda. The agreement establishes a framework for sourcing and supplying 3T concentrates from Rwanda and is expected …

Kampala, Uganda – The expected oil revenues could provide an important source of financing for the country’s Energy Transition Plan (ETP), but they will not be sufficient on their own to fund investments required to transform the energy sector and achieve broader development goals, experts have said. The warning emerged …

The International Finance Corporation (IFC) is set to provide 80 million loan to MIDROC Ethiopia PLC (MEP), the hospitality arm of MIDROC Investment Group (MIG), IFC is providing MEP with an $80 million long‑term loan to support the refurbishment of the Sheraton Addis (Luxury Collection) and the development of a …

Rwanda-based mining company Trinity Metals says exports from its Nyakabingo tungsten mine now account for up to 20% of primary tungsten concentrate consumption in the US. Since the commercial agreement that Global Tungsten & Powders (GTP) signed with Trinity’s offtake partner, New York-headquartered Traxys in August 2025, more than 320 …

MITHRA Metals Holding, a private investment firm headquartered in Abu Dhabi Global Market, has announced the advancement of a strategic nickel laterite initiative in Southern Ethiopia, expanding its critical minerals portfolio across Africa and Middle East. The initiative is being advanced through a majority-controlled Ethiopian subsidiary holding exploration licences issued …

Commemorating 112 years of innovation, premium quality products, cutting-edge technologies and enduring partnerships, SKF South Africa in 2026 enters a defining chapter, one that underscores its unwavering commitment to shaping the future of industry through strategic rotating asset optimisation. SKF was established in 1914 by Swedish holding company SKF AB …

Scandinavian-based gold producer operating in Ethiopia, Akobo Minerals says following the fuel supply disruptions that temporarily impacted operations during April, key activities progressively resumed during May as diesel availability improved. According to the company’s operational update, the development enabled a phased restart of mining, processing and development activities. The company …