Ghana cuts exploration tax to spark mining boom

Ghana is scrapping its 15% value-added tax on mineral exploration in a bid to revive investment in a sector that has struggled to attract new projects for more than two decades. The levy, introduced 25 years ago, had raised upfront costs for…

Nigeria secures $50b for Africa’s second-largest refinery

Nigeria is set to further reshape Africa’s refining landscape as an international energy consortium has secured over $50 billion to build a 500,000-barrel-per-day refinery and free trade zone in Ondo State. The project, led by Backbone Infrastructure Nigeria Limited in partnership with…

How Japan is betting big on Africa’s startup ecosystem

Japan is reshaping its relationship with Africa by transitioning from traditional aid to strategic venture capital investments, targeting sectors such as fintech, mobility, and climate technology. As global investors rethink conventional VC models that often overlook Africa’s unique challenges, Japanese…

Congo unveils ethically tracked artisanal cobalt

In a major step for sustainable technology, the Democratic Republic of Congo (DRC) has announced its first production of 1,000 tons of fully traceable artisanal cobalt. This is a pivotal development for the mineral, which is essential for powering electric vehicles…