Alrosa Swings to $110 Million H1 Loss Amid Weak Diamond Market
Alrosa Swings to $110 Million H1 Loss as Weak Diamond Market and Strong Rouble Hit Earnings Russian diamond producer Alrosa has reported a net loss of 9.5-billion roubles ($110.1-million) for the first half of 2026, compared with a profit of 40.6-billion roubles in the same period last year. The world’s largest diamond producer said its performance was affected by weak market conditions, a stronger rouble, relatively high interest rates and inflation in Russia. Revenue, including
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Dangote Refinery Faces Rising Petrol Imports as 43% of Nigeria’s July Supply Comes From Abroad
Nigeria’s Petrol Imports Surge to 43% of Supply, Pushing Dangote Refinery to Export Surplus Fuel Nigeria’s Dangote Petroleum Refinery is increasing petrol exports as rising imports take a growing share of the domestic market, creating uncertainty over demand and leaving the $20 billion refinery with surplus fuel. Imported Premium Motor Spirit (PMS) accounted for approximately 43% of Nigeria’s petrol supply in July 2026, according to data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority
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Kamoa-Kakula Switches On 233MW Solar-Battery System for 24/7 Power
DRC’s Kamoa-Kakula Begins 24/7 Solar Power From 233MW Renewable Energy System The Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) has begun receiving round-the-clock electricity from a 233 MWp solar farm and 526 MWh battery storage system, strengthening power security at one of Africa’s largest copper operations. The facility reached commercial operation on 12 August 2026 and is designed to provide at least 30MW of continuous electricity, including during periods when the solar
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DRC President Reassures on $1.26 Billion Dilolo-Sakania Railway Concession
DRC Secures $1.26bn Railway Investment as Tshisekedi Clarifies Dilolo-Sakania Concession DRC President Félix Tshisekedi has reassured the public that the concession of the Dilolo-Sakania railway line will not privatise the state-owned railway company or create a monopoly, as the government moves to attract major investment to modernise the strategic rail corridor. Tshisekedi’s remarks follow the signing of a 30-year concession agreement between the DRC government and Mota-Engil Engenharia e Construção Africa S.A. on 26 August
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