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DRC Orders Oil and Gas Sector Review to Unlock Hydrocarbon Potential
President Félix Tshisekedi has directed the Democratic Republic of Congo (DRC) government to conduct a comprehensive review of the country’s oil and gas sector as Kinshasa looks to better understand its hydrocarbon assets and advance new development opportunities. State Minister for Hydrocarbons Acacia Bandubola Mbongo has been tasked with leading the review, which will assess
The Mining Wrap
This week’s Mining Wrap covers mining investment, exploration, ESG, equipment, acquisitions and critical-mineral developments across Africa. Highlights include Exxaro’s push to increase the contribution of future-facing metals and energy, new copper exploration in Botswana, Kamoa Copper’s US$16.9 million community investment in the DRC, and South Korea’s US$1 billion financing arrangement with Glencore. Hitachi Construction Machinery
Complete Farmer Founder Desmond Koney Joins Endeavor Network
Ghanaian agribusiness entrepreneur Desmond Koney, founder and CEO of Complete Farmer, has been selected by Endeavor Nigeria to join the global Endeavor network following a multi-stage evaluation process. Koney was selected at Endeavor’s International Selection Panel in Athens, Greece, alongside 27 other entrepreneurs representing 16 companies from Europe, Africa, Asia, the Middle East and the
Botswana Targets New Mining Investment Beyond Diamonds
Botswana is seeking to reduce its dependence on diamonds by attracting investment into copper, silver and critical minerals while requiring mining companies to create more value within the country. The government plans to increase non-diamond mineral exploration spending to 150 million pula by 2029 as it looks to develop a broader mining base. At the
Equinor Takes 17.4% Stake in Namibia’s PEL 90 Oil and Gas Block
Norwegian energy major Equinor has agreed to acquire a 17.4% interest in the PEL 90 oil exploration licence offshore Namibia, marking its first upstream entry into the country and its first move into a new oil-producing country since Argentina in 2017. The deal, announced on 18 August, was reached with a subsidiary of US oil
Zambia Approves $971.5 Million in Energy Sector Investments
Zambia’s Energy Regulation Board (ERB) has approved licences, construction permits and licence inclusions linked to proposed investments worth about ZMW18.4 billion ($971.5 million) across the electricity, renewable energy and downstream petroleum sectors. The approvals, announced on 17 August 2026, cover 23 licences, 20 construction permits and licence inclusions. They include renewable-energy equipment manufacturing and supply,
Nigerian Startup Truee Launches AI-Focused Business Information Platform
Nigerian startup Truee has launched a platform designed to help businesses organise their information in a format that AI tools can access when identifying or recommending companies. Founded this year by Adekola Adedokun, Truee allows businesses to create profiles containing their services, products, locations, contact details, portfolios and how they want their businesses described. The
Meta to Start Charging for WhatsApp Customer Service Messages in South Africa
Meta will start charging South African businesses for customer service replies sent through the WhatsApp Business Platform from 1 October, ending an exemption that has kept these messages free since November 2024. The company has not yet confirmed how much businesses will pay. Meta has said it will publish market-specific rates by 1 September, leaving
Are African Small-Scale Mining Startups Scalable?
Mining is a capital-intensive industry, but not every opportunity requires developing a large mine. Small-scale mining startups can enter the sector with more focused operations, targeting deposits and opportunities that may not attract major mining companies. For an investor, the interesting question is not whether a small mine costs less to develop. It is whether
Commonwealth Startup Fellowship Opens Applications to African Startups
African startups are being invited to apply for the 2026/2027 Commonwealth Startup Fellowship, a six-month programme focused on helping high-potential businesses strengthen their operations, attract investment and create jobs. The programme is delivered by the Commonwealth Scholarship Commission (CSC) in partnership with Imperial College London. It combines online learning with in-person programmes designed to give
ExxonMobil Awards $1.1 Billion in Contracts for Mozambique’s Rovuma LNG Project
ExxonMobil, on behalf of the Area 4 partners, has awarded about $1.1 billion in pre-investment contracts for Mozambique’s Rovuma LNG project, bringing key suppliers into the development ahead of a final investment decision expected in 2026. The contracts, awarded on 17 August, cover subsea production systems, large-bore valves and offshore line pipe for the first
Sierra Leone Begins Grid Work for 108.4 MW NANT Power Plant
Sierra Leone has started grid work for the 108.4 MW NANT power plant under construction at Kissy in eastern Freetown. The project is expected to start supplying electricity in the third quarter of 2027 and will add significant generation capacity to a system with just over 140 MW currently available. The Electricity Distribution and Supply
Rwandan Startup Wekraft Connects Learning With Careers
Rwandan technology entrepreneur Staphord Nkumbuye is working to make learning more practical for children through Wekraft, an education technology company he co-founded in 2022. Wekraft develops learning tools that allow children to apply classroom concepts through hands-on activities. Its educational kits cover areas such as science and introduce students to different careers through practical exercises.
Sungrow Breaks Ground on $50 Million Energy Storage Plant in Egypt
Sungrow Power Supply has broken ground on a $50 million energy storage systems plant in Egypt, adding local manufacturing capacity for battery storage equipment as the country expands its renewable energy sector. The project was launched on 17 August 2026 in the China-Egypt TEDA industrial zone within the Suez Canal Economic Zone. Egyptian officials described
NiYA and Cascador Partner to Launch Programme to Support 20 Nigerian Founders
The Federal Ministry of Youth Development (FMYD), through the Nigerian Youth Academy (NiYA), has partnered with entrepreneurship platform Cascador. The partnership will provide early-stage Nigerian founders with business training, mentorship and access to non-dilutive funding. The NiYA × Cascador Founders Program will run for four weeks and target 20 young Nigerian entrepreneurs. Founders who have
ABH Selects Top 20 African Entrepreneurs for 2026 Semi-Final
Africa’s Business Heroes (ABH) has selected its 2026 Top 20 entrepreneurs from an expanded Top 100 cohort, following more than 24,000 applications from all 54 African countries. The entrepreneurs will now compete for 10 places in the ABH semi-final after going through three-person judging-panel interviews that assessed leadership, innovation, impact, scalability and commercial strength. ABH
Startup Mondays : Transitioning from Informal to Formal Business
Many small businesses start informally. At some point, the way the business has been run starts to become challenging. The business may be getting work and making money, but without the right structure, taking on bigger opportunities can become more challenging over time. As the business grows, putting a formal structure in place can make
Kenyan Startup JentaHub Launches Verified Talent Marketplace
Kenyan startup JentaHub has launched a verified talent marketplace connecting businesses and organisations worldwide with African professionals. Founded in 2026 by Joseph Ongachi, the platform is focused on helping qualified professionals access international freelance and remote work opportunities. JentaHub was created around what Ongachi describes as a gap between Africa’s growing pool of skilled professionals
MTN Adds AI-Powered Job Board to Skills Academy
MTN has added an AI-enabled Job Board to its Skills Academy, bringing job discovery, skills-gap analysis and application tracking into the same platform where users complete training. The Job Board is available across the 11 markets where the Skills Academy operates. It recommends vacancies based on a learner’s skills, location and career goals. Users can
Airtel Africa Brings Starlink Satellite-to-Mobile Service to DRC
Airtel Africa has launched a commercial satellite-to-mobile service in the Democratic Republic of Congo (DRC), allowing customers with compatible smartphones to stay connected in areas beyond terrestrial mobile network coverage. The service was launched on 14 August 2026 and is the first commercial deployment of Starlink’s direct-to-cell technology in Africa. The service follows a partnership