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Zimbabwe, Mozambique Sign Deal to Expand Fuel Pipeline Corridor
PRESIDENTS Emmerson Mnangagwa and Daniel Chapo on Wednesday announced a major expansion of the Beira-Harare fuel corridor that will increase the pipeline’s capacity by 67%, strengthening energy security in Zimbabwe and across the region. The CPMZ pipeline’s annual transport capacity is expected to rise from three million to five million cubic metres by the end…
Uranium Detected in DR Congo Cobalt Shipments to China – Report
An investigation by Lighthouse Reports, The Financial Times and Le Monde traces the possible export of uranium from the Democratic Republic of Congo back to a confidential International Atomic Energy Agency memo obtained in 2024. Chinese mining group CMOC, which owns the main site examined in Katanga, disputes the findings. Lighthouse Reports obtained a previously undisclosed internal memo from the International Atomic Energy…
U.S. Cutting Aid to Seven African Countries – Report
Cape Town — The Trump administration is canceling humanitarian aid programs it previously identified as lifesaving, according to an internal State Department email obtained by The Atlantic. The new round of cuts will reportedly end all U.S. humanitarian funding in seven African countries — Burkina Faso, Cameroon, Malawi, Mali, Niger, Somalia, and Zimbabwe — in what officials describe…
Mauritania’s Sidi Ould Tah Elected African Development Bank President
Mauritanian candidate Sidi Ould Tah was elected president of the African Development Bank on Thursday, securing a decisive victory over his Zambian opponent Samuel Munzele Maimbo in the third round of voting. Ould Tah succeeds Nigeria’s Akinwumi Adesina as the head of Africa’s leading financial institution. Formerly the president of the Arab Bank for Economic…
Morocco Launches Derivatives Market As It Eyes Emerging-Market Status
TLDR Morocco has launched derivatives trading on its Casablanca Stock Exchange (CSE), introducing a futures contract based on the MASI 20 index, which tracks the 20 most liquid stocks in the market. The move is part of a broader strategy to deepen capital markets, attract more investors, and regain MSCI emerging-market classification after 12 years….
Mauritania’s AfDB Presidential Candidate Ould Tah Shares His Four Pillars of Leadership
My agenda prioritises speed of delivery, which means investing in capacity building and integrating digital solutions, including AI and data analytics, to improve efficiency and accountability Former Mauritanian Finance Minister and candidate for president of the African Development Bank (AfDB), Sidi Ould Tah, promised internal reforms at the regional development institution if elected at the…