East Africa








Oil & Gas

Fossil Fuels

Fossil Fuels

Uganda deploys special forces in South Sudan's capital amid tensions

Uganda's chief of the military said on Tuesday that his country has deployed special forces to South Sudan's capital Juba in order to "secure" it, as tensions between Salva Kiir's and his First Vice-President Riek Machar stoke concerns about a return to civil conflict. In recent days, tensions in South Sudan have risen after Kiir’s government arrested two ministers, as well as several senior military officials who were allied to Machar. Since then, one minister has been released. The arrests and clashes that took place in the town of Nasir, a northern town, are seen by many as a threat...

Fossil Fuels

Vice presidency of South Sudan says that South Sudan security forces have released the peacebuilding Minister.

After the arrests and tensions escalated, a spokesman of Machar announced that the South Sudanese loyalists to President Salva Kir have released the minister of peacebuilding, a key ally for First Vice President Riek Machar. Security forces have arrested or placed under house arrest, between Tuesday and Thursday, several allies to Machar. These include the Petroleum Minister, the Peacebuilding Minister and a Deputy Head of the Military. This has put at risk a peace agreement that ended the civil war between fighters loyal Kiir and Machar. Stephen Par Kuol, the minister of peacebuilding who was illegally detained by National Security...

Fossil Fuels

Two signatories claim that Sudan's RSF and allies have signed a charter to form a parallel government.

Signatories al-Hadi Idris, and Ibrahim al-Mirghani said that Sudan's Rapid Support Forces had signed a charter late Saturday night with allied political groups and armed forces to create a "government for peace and unity". Abdelaziz al-Hilu is one of the charter's signatories. He is a powerful leader in South Kordofan who controls large swathes territory and has troops there. This government is unlikely to be widely recognized, and has already raised concerns from the United Nations. It is another sign of the country's splintering during the civil war, which has lasted for almost two years. RSF has taken over most...

Fossil Fuels

Kenya turns to the UAE for railway funds after China cut financing

Kenya has actually begun conversations with the United Arab Emirates to secure funding to finish a regional railway, President William Ruto stated, after China cut facilities funding to the task. The railway connecting the Kenyan port of Mombasa with landlocked neighbours, as part of China's Belt and Road Effort, ended in the Rift Valley in 2019, 468 kilometres ( 290 miles) short of the border with Uganda, after Beijing withdrew support. We are checking out a partnership arrangement with the United Arab Emirates to extend the Requirement Gauge Railway to link Kenya, Uganda and South Sudan, Ruto stated on X...

Oil & Gas Refining

Indian criteria end flat as earnings worries counter gains in Dependence, TCS

India's benchmark indexes ended largely the same on Wednesday as concerns over slowing corporate revenues and the increasing possibility of fewer U.S. rate cuts balance out a rise in Reliance Industries and Tata Consultancy Providers. The Nifty 50 shed 0.08% to 23,688.95, while the BSE Sensex was down 0.06% at 78,148.49. Both the benchmarks fell about 0.8% each during the session before paring losses in the last two hours. Recent company updates from business, including Dabur India and Hero MotoCorp, have actually not led financiers to believe that business earnings growth in the 3rd quarter will be any better than...

Fossil Fuels

Kenyan energy minister says no corruption involved in Adani energy offer

Kenya's energy minister stated on Thursday there was no bribery or corruption involved in the award of a contract to an unit of India's Adani Group to construct power lines in the East African country. Adani Energy Solutions in October signed a 30-year, $736. million public-private collaboration deal with the Kenya. Electrical Transmission Company. A court suspended the agreement. in the very same month. Energy Minister Opiyo Wandayi stated the deal was above board. There has actually been no case of corruption or bribery as far as. PIP (Privately-initiated proposal) with Adani Energy Solutions. is concerned, he told Kenya's Senate...

Fossil Fuels

Musk's Starlink dealing with Indian security clearance for satellite broadband

Elon Musk's Starlink is looking for security clearance for a licence to use satellite broadband services in India and will get an authorization if it satisfies all conditions, the telecoms minister stated on Tuesday. Starlink has actually been aiming to get in India for many years and its strategies got a major boost last month when New Delhi stated it wouldn't auction spectrum for satellite broadband but rather award it administratively - just as Musk desired. Competing Indian telecom billionaire Mukesh Ambani had wanted an auction. Indian telecom minister Jyotiraditya Scindia stated on Tuesday that Starlink was in the process...

Fossil Fuels

Sumitomo Corp resumes production at Ambatovy, withdraws nickel output outlook

Japanese trading house Sumitomo Corp stated on Thursday it had actually resumed production at the Ambatovy nickel and cobalt task in Madagascar at endOctober after a pipeline issue a month before, but is evaluating future output volumes. Sumitomo has actually been having a hard time to stabilise production and improve success at the Ambatovy project, which released in 2005. The job produced about 10,000 metric tons of nickel in April-September, or a half of the volume in the exact same period a. year earlier, the company said on Thursday, without supplying a complete. year output forecast, which it stated is...

Fossil Fuels

IMF urges African oil exporters' reforms to boost 'controlled' development

SubSaharan African nations that depend upon product exports need to reform their economies to tackle irregular regional financial development, International Monetary Fund Africa Director Abebe Aemro Selassie stated. The region is expected to grow by 3.6% this year, unchanged from in 2015 and down from an April projection of 3.8%, the IMF said in its latest World Economic Outlook released today, with product economies lagging their varied equivalents. The product intensive countries are growing at about half the rate of the rest of the area, the IMF stated in the report, with oil exporters struggling one of the most in...

Fossil Fuels

Mozambique's ruling celebration retains power in objected to election

Mozambique's ruling party Frelimo has maintained power in this month's national election, extending its fivedecade guideline in the Southern African state as the opposition sobbed fraud. Frelimo's Daniel Chapo, 47, will prosper President Filipe Nyusi to end up being Mozambique's 5th president since its independence from Portugal in 1975. Nyusi is stepping down after serving the optimum two terms. Chapo won over 70% of votes, the electoral commission stated on Thursday. Venancio Mondlane, backed by the Podemos party, came second with 20% of votes, displacing previous rebel motion Renamo, which had been the main opposition party but whose candidate came...

Crude Oil

Kremlin backtracks from comments on Saudi BRICS subscription

The Kremlin rowed back on Tuesday from earlier remarks describing Saudi Arabia as a. member of the BRICS group of nations, and exposed the. question of whether the kingdom would be represented at a BRICS. summit in Russia next week. Saudi Arabia has been invited to sign up with BRICS however has not yet. officially done so. Last week, however, Kremlin aide Yuri Ushakov. described it as a BRICS member and stated its foreign minister. would participate in the summit in the Russian city of Kazan. Asked to clarify Saudi Arabia's status in BRICS, Kremlin. spokesman Dmitry Peskov stated: The...

Renewable Energy Equipment

Japan's Toyo to produce solar cells in Ethiopia for United States plant

Japan's TOYO Co. Ltd on Monday stated it will develop a 2 gigawatt solar cell factory in Ethiopia that will provide dutyfree elements to a panel factory it is preparing in the United States. WHY IT is essential TOYO's investment in Hawassa, Ethiopia, comes amid growing concerns over new U.S. tariffs on photovoltaic panels from 4 Southeast Asian countries. TOYO currently produces its solar items in Vietnam, one of the nations subject to the responsibilities. KEY QUOTE We are enjoyed embark on this enthusiastic project, which will enable us to rapidly scale up solar cell production to meet the needs...

Environment

Environment

WFP: An additional 1 million people may be affected by the Somalia Hunger Crisis

The World Food Programme warned on Tuesday that a projected drought in the next crop cycle could cause a further one million people to face crisis-level hunger in the coming months. Jean-Martin Bauer said that the number could increase even more due to funding cuts. According to a study, in 2022 the Horn of Africa experienced the driest weather conditions for more than 40 years after successive rainy seasons failed. This led to the deaths of up 43,000 people. A recent report estimates that approximately 3.4 million Somalians are suffering from acute food insecurity. This number will rise to 4.4...

Environment

The roofs of La Reunion are blown off by Cyclone Garance, which has hit the French island.

On Friday, Cyclone Garance hit the French overseas territory La Reunion at top winds speeds of 155 km/h (96mph), destroying roofs and preventing residents from accessing drinking water and electricity. Patrice Latron said that there had been no deaths reported on the island. The cyclone hit land in the north of Madagascar, an island located in the Indian Ocean. Meteo France, the weather agency, said that it left the southwest part of the island a few hours later. Prefecture officials said that 180,000 households, or 42% of customers with the electric utility, had lost electricity and that nearly 10% did...

Environment

Apple sued for claiming watches are carbon neutral

Apple was sued by consumers who claimed that its claims that the three Apple Watches versions are "carbon neutral" or environmentally friendly were false and misleading. Seven purchasers of Apple Watch Series 9 SE and Ultra 2 with green tags filed a lawsuit on Wednesday at the San Jose federal court in California. They said that if they had known the truth, they would either not have purchased their watches, or they would have paid less. Apple, known for its iPhone, announced the launch of the watches in 2023. They claimed that they would be carbon-neutral through a combination lower...

Mining

Mineral Resources

Mineral Resources

Copper falls from its fresh peak following downbeat Chinese data

Copper prices fell from their five-month high on Friday as concerns about U.S. Tariffs and disappointing data from China, the world's largest metals consumer, dampened purchasing activity. The benchmark three-month copper price on the London Metals Exchange rose 0.1% to $9,797 per metric tonne by 1030 GMT. It had previously reached $9,850 a metric tonne, its highest level since October 9. Prices fell after the new lending by banks in China in February was lower than expected from its record high of the previous month. Nitesh Sha, a commodity strategist with WisdomTree, said that the price of copper would be...

Mineral Resources

Shanghai tin price jumps after Alphamin stops mining in Congo

Alphamin Resources, which has halted its mining operations in the Democratic Republic of Congo, has halted the production of tin. Alphamin Resources announced on Thursday the halting of activity at the Bisie Tin Mine in Congo's North Kivu "after insurgent militants groups recently advanced westward toward the mine's position in DRC, occupying Nyabiondo". Shanghai's most actively traded tin contract rose 8.8% on Friday to 288,450 Yuan ($40212.16) per metric ton at 0346 GMT after reaching the upper limit by 10% in the morning Asian trade session. The benchmark three-month tin price on the London Metals Exchange increased 0.6% to $35,110...

Mineral Resources

Alphamin shares fall as the company temporarily stops tin-mining in Congo's East

Alphamin Resources' shares fell further in Toronto on Friday after the miner announced that it had temporarily stopped its tin mining operations in the volatile eastern region of the Democratic Republic of Congo as rebels advanced toward the operations. Early trading in Toronto saw a drop of up to 36%. Alphamin shares have fallen 52% this year according to LSEG. The company announced that activities at the Bisie tin mining site in Congo's North Kivu were halted after "insurgent militants groups recently advanced westward toward the mine's position in DRC, occupying Nyabiondo," according to a statement. Alphamin stated that "all...

Mineral Resources

LME Tin Jumps After Alphamin Temporarily Stops Operations at Bisie Mine in Congo

Alphamin Resources announced that it will temporarily stop operations at its Bisie Tin Mine in the Democratic Republic of the Congo because of unrest in North Kivu Province. The London Metal Exchange's (LME) soldering metal prices were up 3.3% to $34,530 per metric ton by 1401 GMT, after reaching $34,815 per ton - the highest price since July. Alphamin produced over 17,000 tons last year of the metal that is used in semiconductors. This represents more than 4% global total supplies, estimated to be around 380,000 tonnes. Alphamin stated in a press release that "this decision was taken after insurgent...

Mineral Resources

Tigray officials warn that Ethiopia and Eritrea are on the path to war

Officials in an Ethiopian region at a centre of tensions warned that Ethiopia and Eritrea, long-time enemies, could be heading towards war. This would risk another humanitarian catastrophe in the Horn of Africa. Analysts said that direct clashes between the two largest African armies could be the death blow to a historic rapprochement, for which Ethiopian Prime Minister Abiy Abiy Ahmed was awarded the Nobel Peace Prize for in 2019. It may also attract other regional powers. This would likely cause another crisis in the region, where cuts in aid have made it difficult to help millions of people affected...

Mineral Resources

Angola's presidency has announced that it will try to broker direct negotiations between Congo and M23.

Angola announced on Tuesday that it will attempt to broker direct negotiations between the Democratic Republic of Congo (DRC) and Rwanda-backed M23 M23 rebels within the next few days. The Congolese government has refused to engage in talks with M23 on numerous occasions and so far, there is no comment. The Southern African nation has been working to mediate for a long-lasting ceasefire, and deescalate tensions with Rwanda. Rwanda has been accused by the Congo of supporting the Tutsi rebel group. Rwanda denies that it has provided arms and troops to the M23 rebels and claims its forces are acting...

Mineral Resources

After a deadly attack on civilians, the violence in eastern Congo continues

Residents reported that fighting between M23 rebels, and pro-Congo forces, was taking place in Nyabiondo on Sunday, 100 km north of Goma, in the eastern Congo. This comes days after an attack in the area left many civilians dead, according to both UN and NGO reports. Since the beginning of this year, the Rwanda-backed M23 rebel group has taken over large areas of the mineral-rich east of Congo. Kipanda Bibiiri, a local official who was fleeing from the area, said that M23 had taken Nyabiondo at 11 a.m. (0900 GMT) following clashes. Telesphore Mitondeke is a civil society reporter in...

Mineral Resources

After a deadly attack on civilians, the violence in eastern Congo continues

Residents reported that fighting between M23 rebels, and pro-Congo armed militias, was taking place in Nyabiondo on Sunday, 100 km north of Goma, in eastern Congo. This comes days after an attack in the area left many civilians dead, according to both UN and NGO reports. Since the beginning of this year, the Rwanda-backed M23 rebel group has taken over large areas of mineral-rich eastern Congo. Kipanda Bibiiri, a local official who was fleeing from the area, said that M23 had taken Nyabiondo at 11am (0900 GMT) following clashes. Telesphore Mitondeke is a civil society reporter in Masisi. Nyabiondo lies...

Mineral Resources

Andy Home: Tin bulls retreat as Myanmar flags the return of a key mine

The Wa State in Myanmar, a semiautonomous region, has finally broken a year-long silence about the fate of Man Maw Tin Mine. The mine is a jewel in Myanmar's crown of tin and its suspension, since August 2023 ostensibly to conduct an audit, has cut the flow of raw tin materials into Chinese smelters thereby reducing the output of refined metal. The Wa authorities now say they are ready for applications to be submitted for mining and processing licenses at Man Maw. This indicates that it is likely to return in the second half of this year. The International Tin...

Mineral Resources

Andy Home: Tin bulls retreat as Myanmar flags the return of a key mine

The Wa State in Myanmar, a semiautonomous region, has finally broken a year-long silence about the fate of Man Maw Tin Mine. The mine is the crown jewel of Myanmar's tin industry. Its suspension in August 2023 - ostensibly to conduct an audit - has reduced the flow tin materials from Myanmar to Chinese smelters and thereby constrained the output of refined metal. The Wa authorities now say they are ready for applications to be submitted for mining and processing licenses at Man Maw. This indicates that it is likely to return in the second half of this year. The...

Mineral Resources

East Congo rebels kidnap at least 130 hospitalized patients, UN reports

The United Nations reported on Monday that M23 rebels supported by Rwanda, who launched an offensive in eastern Congo last week abducted at least 131 sick and injured men from two Goma hospitals. In a statement, Ravina Shamdasani, spokesperson for the U.N. Human Rights Office said that M23 fighters attacked CBCA Ndosho Hospital on February 28 and Heal African Hospital in the same night. They took 116 and 15 victims respectively. The men abducted were believed to be Democratic Republic of Congo (DRC) soldiers or Wazalendo, a progovernment militia. Shamdasani, who called for the immediate release of these prisoners, said:...

Mineral Resources

Uganda signss first production sharing agreement to revive copper mine

Uganda signed its first mining sharing agreement (PSA), to redevelop an abandoned copper and cobalt-mine in the west of the country, near its border, with Democratic Republic of Congo. Government geologists estimate that the Kilembe Mine, located at the foothills the ice-capped Rwenzori Mountains, contains about 4,000,000 metric tons ore containing 1.98% cobalt and 0.17% copper, both of which will be needed to transition from fossil fuels. Energy and Mineral Development minister Ruth Nankabirwa said that under the PSA, Ugandan companies Sarrai Group Limited and Nile Fibreboard Limited would jointly develop the mine. She didn't say how much she would...