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UAE-Backed Deals Reignite Momentum for Uganda’s $4bn Oil Refinery

Uganda’s long-delayed US$4 billion oil refinery project has gained fresh momentum after the government signed new agreements with UAE-based Alpha MBM Investments, marking a decisive push toward the long-awaited Final Investment Decision (FID) in July 2026. The partnership, led by Sheikh Mohammed bin Maktoum bin Juma Al Maktoum, will see …

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Potash Developer Kore Draws Bids in Congo Project Sale

Kore Potash, the publicly traded company pursuing the $2 billion Kola potash project in the Republic of Congo, announced Tuesday that it had received non-binding offers from two potential buyers, marking a key juncture in its search for a strategic partner and financing. The London-listed miner initiated a formal sale …

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Mozambique Strengthens Ties with Tanzania at Presidential Inauguration

The President of Mozambique, Daniel Francisco Chapo reaffirmed his country’s commitment to deepening cooperation with Tanzania during the inauguration of President Samia Suluhu Hassan in Dodoma. Attending as Guest of Honour, Chapo highlighted the enduring friendship and shared history between the two nations, rooted in the liberation struggle and long-standing …

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