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Globeleq, Partners Close $292 Million Deal for South Africa’s Largest Battery Storage Project

Independent power producer Globeleq and its partner, African Rainbow Energy, have secured financing for the 153 MW/612 MWh Red Sands battery energy storage system (BESS), a landmark project poised to become Africa’s largest standalone facility of its kind. The deal, valued at approximately R5.4 billion ($292 million), was financed through …

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Kenyan Gold Rush Gets a High-Tech Twist with Satellite Exploration

A new frontier in gold exploration is emerging in Kenya, where traditional, costly methods are being challenged by the precision of satellite technology. A recent case study by Farmonaut, a remote sensing firm, details a successful project that used satellite imagery to pinpoint potential gold deposits in a 26-square-kilometre area, …

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Caracal Signs Exclusivity Deal with Tanzanian Gold Firm

London-listed Caracal Gold has signed a four-month exclusivity agreement with Tanzanian mining company Pumba Resources, targeting gold prospecting licence applications in Tanzania’s Geita and Singida regions. The agreement, announced on 1 August 2025, grants Caracal exclusive rights until November 30 to conduct legal, technical and financial due diligence on Pumba’s …

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