News

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 …

Irene Batebe, Uganda’s Permanent Secretary in the ministry of Energy and Mineral Development, has called on regional energy regulators in East Africa to expand their mandate to include mining, arguing that the sector is increasingly intertwined with energy development and regional industrialization ambitions. Speaking during the annual general meeting of …

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 …

A new long-term supply agreement secured through Eastinco, Aterian’s subsidiary, with an established Rwanda-based producer of tin, tantalum and tungsten (3T), marks a strategic expansion into East Africa’s critical minerals sector. The agreement establishes a structured framework for sourcing 3T concentrates and is expected to enhance feedstock availability for Aterian’s …

Chinese companies that reshaped Indonesia into the world’s dominant nickel hub are increasingly turning their attention to Africa, as policy tightening in Jakarta begins to unsettle the investment model that underpinned the sector’s rapid expansion. The shift reflects growing uncertainty around Indonesia’s regulatory direction, where tighter ore export controls, revised …

While presidents Cyril Ramaphosa and William Ruto spoke of industrialisation, investment and African integration, business leaders at the South Africa-Kenya Business Forum repeatedly returned to a simpler complaint: Africa’s trade agreements are moving faster on paper than they are at border posts, customs offices and regulatory agencies. Held at Gallagher …