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Author: Makungu Coco

International Renewable Energy

Renewvia Energy Expands Solar Mini-Grid Operations Across Four African Countries to Tackle Energy Poverty

Renewvia Energy to Invest $750M in Solar Mini-Grids Across Uganda, Rwanda, Ethiopia, and DR Congo to Expand Electricity Access in Sub-Saharan Africa Renewvia Energy Corp. is accelerating its expansion of solar-powered mini-grid projects across Africa as energy companies intensify efforts to address the continent’s persistent electricity shortage. The Atlanta-based renewable energy firm plans to enter Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. The expansion is expected to require approximately $750 million in investment

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International News Oil

Libya Shuts Down Zawiya Refinery After Armed Clashes Near Key Oil Facility West of Tripoli

Libya’s Zawiya Oil Refinery Halts Operations After Violent Clashes Near Tripoli Escalate Security Crisis Libya, Africa’s second-largest oil producer, has suspended operations at its largest refinery following violent clashes near the facility west of Tripoli. The shutdown underscores the country’s ongoing security challenges and the continued vulnerability of its critical energy infrastructure. Shutdown of Zawiya Refinery On May 8, 2026, the Zawiya Oil Refinery, Libya’s largest processing facility with a capacity of more than 120,000

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International News Oil

U.S. Nigerian Crude Oil Imports Fall 15% in Q1 2026 as Africa Trade Share Shifts

U.S. Imports of Nigerian Crude Decline in Early 2026 Amid Supply Disruptions and Shifting African Trade Flows In the first quarter of 2026, the United States imported approximately $578.78 million worth of crude oil from Nigeria, marking a 15.06% decline compared to the same period in 2025. Data from the U.S. Census Bureau and the Bureau of Economic Analysis indicates a notable contraction in both value and volume of imports from the West African producer.

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Corporate News International Oil

Dangote Conditions East Africa Refinery Investment on Strong Anti-Dumping Policies

Dangote Links $15–$17 Billion East Africa Refinery Plan to Anti-Dumping Protection in Kenya and Region Aliko Dangote has indicated that he will only proceed with a proposed major oil refinery investment in East Africa if regional governments implement robust anti-dumping measures to protect local refining industries from cheaper imported fuel. The Nigerian billionaire is exploring the development of a large-scale refinery in Kenya, potentially modeled on his existing 650,000-barrels-per-day facility in Nigeria, currently the world’s

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International Gold Mining Projects

Zimbabwe’s Mutapa Investment Fund Seeks $250 Million to Expand Gold Mining Operations

Zimbabwe’s Mutapa Investment Fund Targets $250 Million Financing to Boost Gold Production Mutapa Investment Fund is seeking to raise $250 million to expand its gold mining operations as part of a broader strategy to strengthen Zimbabwe’s mining sector and increase output of one of the country’s key export commodities. The state-owned sovereign wealth fund, which controls Mutapa Gold Resources, has already initiated discussions with local financial institutions. The first phase of the financing plan involves

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International Corporate News Oil Petroleum

Dangote Refinery Gains From Strait of Hormuz Crisis as Africa Seeks Alternative Fuel Supplies

Aliko Dangote Profits From Strait of Hormuz Disruption as African Nations Scramble for Fuel Security The closure of the Strait of Hormuz has become a major financial windfall for Nigerian billionaire Aliko Dangote, as global energy disruptions drive up refining margins and increase demand for alternative fuel suppliers. According to a senior executive at the Dangote refinery, fertiliser prices have doubled while jet fuel margins have risen sharply due to tightening global supply conditions. Speaking

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Diamonds Corporate News International

Lucara Reports Strong Financing Progress and Underground Expansion Momentum at Karowe Mine

Lucara Diamond Strengthens Balance Sheet as Karowe Underground Project Advances Toward 2028 Production Lucara Diamond Corporation has reported a “transformational” first quarter, driven by the successful completion of equity and bond financing for its Karowe underground project (UGP) in Botswana. The funding milestone has significantly strengthened the company’s balance sheet and positioned it for long-term value creation. For the three months ended March 31, Lucara recorded revenue of US$21.8 million, reflecting a higher proportion of

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Corporate News Diamonds International

Petra Diamonds Launches Cost Cuts as Debt Rises and Market Pressures Hit Operations

Petra Diamonds Reviews Capex and Considers Finsch Mine Suspension Amid Weak Diamond Prices and Rising Debt London-listed Petra Diamonds has launched an urgent review of costs and capital expenditure (capex) across its operations as it moves to protect liquidity amid sustained pricing pressure in the global diamond market. The company is also considering suspending further capex at its Finsch mine in South Africa due to escalating cost pressures. In its operational update for the quarter

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Diamonds International Mining Personality

Ronnie VanderLinden Appointed President of World Diamond Council

World Diamond Council Names Ronnie VanderLinden President Amid Natural Diamond Industry Challenges Ronnie VanderLinden has been appointed president of the World Diamond Council (WDC) following the organisation’s 2026 Annual General Meeting held in Antwerp on May 7. Mr VanderLinden succeeds Feriel Zerouki at a time when the global natural diamond industry is facing weaker demand, increasing competition, and fragmented messaging across the sector. In his first remarks as president, Mr VanderLinden stressed the need for

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International News Oil

Kenya Set to Begin Commercial Oil Production From South Lokichar Fields

Kenya to Launch Commercial Oil Production in Turkana as East Africa Expands Energy Ambitions Kenya is set to officially join Africa’s oil-producing nations, with commercial oil production expected to begin before the end of the year from the South Lokichar oil fields in Turkana County. Energy Cabinet Secretary Opiyo Wandayi told lawmakers that initial production will start at approximately 20,000 barrels per day before gradually increasing to around 50,000 barrels per day as operations expand.

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