Your curated selection of weekly Africa business and investment headlines.
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Headlines
🎦 ReElement and Novare Announce $100 Million Africa Partnership
🎦 Ilegal Mining in Africa Continues Unabated
🎦 SA Minister Threatens USA To Block Mineral Exports Over Aid Cuts
Africa
🎦 ReElement and Novare Announce $100 Million Africa Partnership
Together, they plan to develop integrated refining facilities across Africa through an investment of USD $100 million… Read More
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📰 Trump Team Has Wealth-Fund Ambitions for Small Lending Agency
Advisers also see the DFC as a tool to remake how Washington delivers foreign aid and as a way to invest in strategic projects like data centers. It can also help secure supply chains for critical minerals and other resources… Read More
📰 China’s Zijin Plans Lithium Production in Congo From Early 2026
The lithium mine would be the first in Congo, the world’s second-largest copper producer and biggest source of cobalt. The West toils as Chinese miners aggressively secure mineral rights in Africa in spite of a short term supply gut… Read More
🎦 Ilegal Mining in Africa Continues Unabated
Local populations aren’t being enriched as the minerals leave the Continent to fuel industries in foreign nations, primarily China… Read More
[videos for subscribers only]
📰 Don’t Fall for the Hype About China’s Critical Minerals Controls
The total annual cost for all four (i.e., tungsten, bismuth, indium, tellurium) comes to less than $500 million; by comparison, the US spent more than three times as much importing olive oil last year… Read More
📰 Battery Storage is Booming in Africa
Africa’s installed battery storage capacity has been steadily increasing since 2017, growing from just 31 Megawatt hours (MWh) to over 1,600 MWh by 2024, according to the Solar Africa Solar Outlook 2025 report… Read More
📰 Global Investors Eye Nigeria’s Lithium Reserves
Zimbabwe currently holds the largest share of lithium deposits in Africa, with significant Chinese investments. But Nigeria is also eager to claim a piece of the global market. By 2030, Africa is projected to supply 20% of the world’s lithium.
In 2023, China’s Ming Xin Mineral Separation Nig Ltd. was chosen by Kaduna State to build Nigeria’s first lithium-processing plant, with plans to manufacture batteries for electric vehicles (EVs).
In 2022, the Nigerian government claimed it had rejected a proposal from Tesla to purchase raw lithium from the country… Read More
📰 Nigerian Fintech Raenest Raises $11 Million in Series A
QED Investors led the round that brought the startup’s total funding to US$14.3 million in a round that also Norrsken22, Ventures Platform, P1 Ventures, and Seedstars.… Read More
📸 Remittance Startups Ride Africa’s Migration Wave
LemFi and Nala are part of a wave of companies tapping into the remittance boom in sub-Saharan Africa, which received an estimated $56 billion from overseas migrants in 2024, a fourth successive year of increases and a record peak, according to the World Bank… Read More
🎦 SA Minister Threatens USA To Block Mineral Exports Over Aid Cuts
South Africa's total exports to the US (R180 billion per annum) is around 0.3% of America's imports. If we include the whole of Africa, we get to about 0.5% of American imports.
[videos for subscribers only]
📰 Africa’s Richest Nation to Raise $50 Million for Formula 1 Bid
If successful, South Africa’s bid to host the Grand Prix Formula 1 event will see the country return after a three decade hiatus. South Africa last hosted a Formula 1 race at the Kyalami race track north of Johannesburg in 1993… Read More
📰 PE Firms Tap Nedbank to Find Buyer for Kenya Candy-Maker Stake
Edmond de Rothschild Holding SA-backed Amethis and South Africa’s Metier Private Equity Ltd. intend to sell their stakes in Kenafric Industries Ltd.’s confectionery operation. The company is the largest manufacturer of gum in the region, selling more than 40 million pieces every month.… Read More
