Defense tech-firm locks in $1 million deal to protect critical lithium and gold mines amid $500M development push in Nigeria
Terra said the phase-one contract was awarded by Anka Metals and will cover autonomous surveillance and site protection at the project in Gidan Waya, where deposits of gold, lithium, copper and nickel have been identified
More than $7 million poured into Dangote Refinery’s $1.6 billion IPO within its first hour
The Nigerian energy company opened the offer on Monday, September 14, seeking to raise about $1.6 billion (N2.15 trillion) through the sale of 4.1 billion ordinary shares at N525 each
$160 million investment linked to South Africa’s richest black billionaire faces setback with over 200 jobs at risk
Bloomberg reports that London-based Kropz will restructure its Elandsfontein mine after a $160 million investment, halting phosphate production as it struggles to turn a profit amid disruption to the global fertiliser industry caused by the US-Iran war
One of Africa’s largest economies unlocks up to $25 million each for shipowners to challenge foreign dominance
This comes20 years after the fund was originally established under the Coastal and Inland Shipping (Cabotage) Act of 2003 to help indigenous companies purchase vessels and build domestic capacity
Angola puts up to over $260 million in Standard Bank shares seized from former insurance tycoon
The country’s Capital Market Commission has approved the sale of 4.76 million shares, representing 34% of the bank, according to the regulator’sofficial announcement
Africa’s 2nd-largest economy lands $350 million Shell investment in a sector affecting almost every citizen
This move targets a crucial sector that plays a fundamental role in powering homes and supporting the everyday lives of citizens across the nation
After $11.4 million China satellite debt dispute, Nigeria turns to Israeli, French firms for next-generation satellites
The Federal Government has approved the acquisition and deployment of NigComSat-2A and NigComSat-2B, with Israel Aerospace Industries (IAI) and France’s Thales Alenia Space set to provide the new satellites
Tony Elumelu’s $500 million Seplat Stake Now Worth Over $1 billion – MSME A
Seplat Energy Plc has seen its market capitalisation rise to $5.24 billion as the value of Heirs Holdings’ stake in the Nigerian energy company crosses the $1 billion mark
4 African countries secure over $62.8 million from US for rare-earth projects as private investors avoid China-dominated market
The US development finance agency has committed US$62.8 million to rare-earth projects in Malawi, Angola, Madagascar and South Africa, although none of the projects has reached production, according to two senior DFC executives who spoke toReuters
Africa’s richest man secures $356 million boost for sugar business after years of losses
Dangote Sugar Refinery has raised $356 million through a share sale as Nigeria’s biggest sugar producer moves to strengthen its balance sheet, reduce debt and expand local sugar production