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China Eyes Egypt for $2 billion Aluminium Hub Targeting Africa, Europe

  Egypt is in discussions with China’s Henan Zhongfu Industrial to establish a $2 billion aluminium production complex in the Suez Canal Economic Zone, as part of efforts to expand industrial output and boost exports.   The proposed facility will be located in East Port Said and will cover more than one million square metres, […]

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Shell to Hand 10% South African Fuel Market to UAE’s State Oil Company in $1 Billion Deal

    South Africa’s energy sector is set for a historic shift as British oil major, Shell enters advanced negotiations to sell its downstream assets to Abu Dhabi National Oil Company (ADNOC).   The deal, valued at approximately $1 billion, marks the end of an era for Shell, which has maintained a presence in the […]

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Africa’s top lithium producer eases export restrictions, introduces quotas for Chinese firms

  Zimbabwe’s recent suspension of lithium exports is beginning to show cracks, as Chinese firms secure special quotas to resume shipments, highlighting Beijing’s growing dominance in Africa’s critical minerals sector.   China’s Sichuan Yahua Industrial Group said it has obtained a six-month export quota for lithium concentrates from Zimbabwe, just two months after Harare halted […]

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NEITI Recovers $9bn, Pushes Transparency in Extractive Sector

  The Nigeria Extractive Industries Transparency Initiative (NEITI) has facilitated the recovery of $9 billion in unpaid liabilities from companies operating across Nigeria’s oil, gas, and mining sectors, strengthening government revenues.   The Director of Energy and Mining at NEITI, Sa’ad Balarabe, disclosed this during a two-day stakeholders’ engagement for the 2024 Solid Minerals Industry […]

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Lookman Strikes as Atletico Edges Barcelona in Champions League Thriller

Ademola Lookman proved to be the difference-maker at the Riyadh Air Metropolitano on Tuesday night, as Atletico Madrid weathered a fierce Barcelona comeback to secure their place in the UEFA Champions League semi-finals. Despite a 2-1 defeat on the night, Diego Simeone’s side progressed 3-2 on aggregate, sparked by Lookman’s decisive first-half strike.   The […]

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Kidnappers Seek N30m to Release Abducted University of Jos Student

By 𝔸bdulrazak Tomiwa   A final-year student of the University of Jos (UNIJOS), identified as Jennifer Anthony, was kidnapped by gunmen suspected to be bandits. The incident occurred while she was traveling, leading to immediate panic within the university community.   The abductors have established contact with the student’s family to make their demands known. […]