East Africa








Oil & Gas

Fossil Fuels

Fossil Fuels

South Sudan: US visas revoked due to refusal of entry to non citizen

South Sudan stated on Monday that the U.S. decided to revoke visas for South Sudanese nationals because Juba refused to accept a deportee of another nationality. The U.S. announced on Saturday that it will cancel all visas for South Sudanese passport-holders because South Sudan has refused to accept its repatriated citizen's return. Juba's Foreign Ministry said that the deportee from the Democratic Republic of Congo was denied entry to South Sudan by South Sudanese officials. He claimed in an interview with immigration at the Juba Airport that he had been forced there. "Comprehensive Verification Processes confirmed that this individual was...

Fossil Fuels

Ugandan Museveni arrives at South Sudan amid political crisis

The Ugandan President Yoweri Mueveni arrived on South Sudan's border on Thursday. This was the highest-level mission to the country since the clashes in the region and the arrest of the vice president raised fears that civil war could return. Salva Kiir of South Sudan met Museveni at the airport. His administration accused First Vice-President Riek Makar of igniting rebellion and placed him under house arrest. In public remarks made at Juba Airport, the Ugandan leader did not directly refer to the crisis. His military had been invited to South Sudan to assist in securing the capital last month. This...

Fossil Fuels

Salva Kiir is the former rebel leader of South Sudan.

When South Sudan declared independence from Sudan in 2011 to a chorus of worldwide congratulations and celebrations, rebel-leader-turned-president Salva Kiir promised his people freedom and democracy. He fired his vice president, Riek Makar, two years later. This sparked a civil conflict that splintered his young nation on ethnic lines. The international and regional powers demanded a resolution. Kiir has now detained Machar for a decade, and his administration is threatening to ignite conflict once more in an impoverished nation in the middle of a fragile region. The scandal has highlighted the depth of ethnic and social rifts in the country...

Energy Markets

Zambia's CEC invests $500 million to improve transmission

Copperbelt Energy Corp. in Zambia will invest $500m over the next 2 years to double its capacity of an electricity transmission line into the Democratic Republic of Congo and increase the output of solar power, according to a senior official of the company. Copperbelt Energy Corporation owns the only power transmission line connecting Congo with the Southern African Power Pool. CEC's Chief Financial Officer Mutale Mukuka stated that CEC was looking to attract investors in order to finance projects, as the country is emerging from a four-year default on its sovereign debt. Mukuka said that he was looking to invest...

Fossil Fuels

Germany temporarily closes its embassy in South Sudan amid civil war fears

The German Foreign Ministry announced on Saturday that the embassy had temporarily been closed in Juba, the capital of South Sudan. This was due to rising tensions which have brought this East African nation to the brink of civil war. Salva Kiir, the president of South Sudan, sacked this week the governor of Upper Nile State, where escalating clashes between government troops, and an ethnic militia he claims is allied with his rival First Vice President Riek Makar, have taken place. The standoff has raised concerns that the world’s newest nation, which emerged from a civil conflict that claimed hundreds...

Fossil Fuels

South Sudan withdraws partially from peace process

Major party in South Sudan’s coalition government announced on Tuesday that it had suspended its participation in a key part of a 2018 deal to end violence and improve relations between Riek Machar, its leader, and President Salva Kir amid clashes. The agreement ended a 5-year war between forces loyal both to Kiir, and Machar who is now the First Vice-President of the SPLM-IO. The two men do have a fractious relation, and it has gotten worse in recent weeks after clashes occurred in the east of the country. Earlier this week, security forces arrested several SPLM-IO leaders, including the...

Fossil Fuels

EU sanctions Rwandan officers and M23 rebels for Congo violence

An official EU Journal publication revealed that the European Union sanctioned nine people, including the leader of Congo’s M23 rebel group and Rwandan army officials, for violence in the Democratic Republic of Congo. Since January, the Tutsi M23 rebels led by the Rwandan genocide of 1994 and the struggle to control Congo's minerals have escalated a long-running war. On the list of sanctions are M23 leader Bertrand Bisimwa and commanders from Rwanda's army - the Rwanda Defence Force. Also on the list is the M23 appointed governor for Congo's North Kivu Province. Bisimwa and a Rwandan Government spokesman did not...

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...

Environment

Environment

Malawi's female sandminers trapped by climate change dilemma

Sand mining is a growing industry for women after floods and drought The work is hard and the pay is low Sand mining is a major contributor to land degradation By Charles Pensulo The 37-year old sand-miner has no time to appreciate her surroundings. A tourist hotspot centred around the vast body of waters known as the Lake of Stars because of the brilliance of the nighttime reflections. Wilson notices that the shoreline is receding and thinks it may be her fault. She says that she is stuck with no choice. She said, "We think that (sand-mining) contributes to erosion....

Climate Change

U.N.: Global temperatures are increasing and melting glaciers around the world.

According to a report by UNESCO released on Friday, glaciers are disappearing more quickly than ever. The last three years saw the greatest loss of mass on record. Michael Zemp of the Switzerland-based World Glacier Monitoring Service said that the 9,000 gigatons (or a quarter of a million tons) of ice lost by glaciers since 1975 is roughly equivalent to an ice block as large as Germany and with a thickness of 25 meters. This was revealed at a Geneva press conference to announce the report. Climate change caused by fossil fuels will likely cause global temperatures to rise, accelerating...

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...

Mining

Mineral Resources

Mineral Resources

Official: Madagascar faces the loss of 60,000 textile jobs due to U.S. Tariffs

An industry official said that Madagascar's textile sector could lose around 60,000 jobs due to President Donald Trump’s 47% tariff against the country. The latest U.S. Tariffs were calculated using a formula that meant low-income countries such as Madagascar, which imported small quantities of U.S. products, faced the highest tax rates. According to an ILO report from 2023, the textile and clothing industry in Madagascar employs approximately 180,000 people. It accounts for about one-fifth the gross domestic product of the country. In 2024, the country of 31,000,000 people will export $733 million worth of goods to the U.S. Most of...

Mineral Resources

Former President Kabila has said he will return home to Congo

He said late Tuesday that the former Congolese President Joseph Kabila would return to central Africa to help solve the crisis in war-ravaged eastern Congo, where Rwandan-backed M23 M23 rebels had seized large swathes. Since January, the M23 rebels have launched a lightning-fast offensive in the mineral-rich eastern part of Democratic Republic of Congo. This has resulted in thousands of deaths and hundreds of thousands of people being forced to flee their homes. It also stoked fears of an escalating regional conflict. Sources from the Congolese government, M23 and other sources confirmed this week that the peace talks between Congo...

Mineral Resources

Ethiopian PM Abiy names new leader of Tigray Administration

Ethiopian Prime Minister Abiy Ahmad appointed Tadesse Worede on Tuesday to lead the interim government in the northern Tigray Region, where divisions within the ruling party has sparked concerns of a new war between Ethiopia and Eritrea. Tadesse was a commander of the Tigray People's Liberation Front during the war between Ethiopia's Federal Government and the Tigray People's Liberation Front in 2020-2022, which resulted in the deaths of tens thousands of people, as well as the forced displacement of millions. Eritrean troops fought alongside Ethiopia's Federal army during the conflict. However, relations between the two long-time rivals has soured since...

Mineral Resources

Trump claims he had a productive call with Canadian PM Carney

Donald Trump, the U.S. president, said that he and Canadian Prime Minister Mark Carney had a productive phone call on Friday. The two leaders will meet next month after the Canadian election. Trump posted on his Truth Social social media platform that the call was "extremely productive". We agreed on many points and will meet immediately after Canada's next election to discuss elements of Business, Politics and other factors. He added that the work would be great for both Canada and the United States. Carney's office and Carney himself have yet to comment on this call. It comes a day...

Mineral Resources

East Congo ceasefire is troubled as rebels remain in strategic town

The de facto ceasefire that had been agreed between Congolese and Rwandan rebels in Walikale, a town located in eastern Congo, appeared to have collapsed on Monday. The rebels reneged on their promise to withdraw from the area and accused the army of breaking its own promises. The M23 rebels are hopeful about a possible ceasefire in Walikale. Captured last week The hope that diplomatic efforts would be revived to end the largest conflict in eastern Democratic Republic of Congo for decades was briefly sparked. This conflict is rooted in the long-lasting fallout of the 1994 Rwandan genocide and the...

Mineral Resources

Angola will end its mediation role in the east Congo conflict, says the presidency

Angola is stepping down as the mediator for parties in an intensifying Rwanda-backed rebel offensive against eastern Congo. A different African country will now take over to help bring peace talks back to track, announced the presidency on Monday. M23, led by ethnic Tutsi, has escalated its long-running rebellion in this year. They have taken control of east Congo's largest cities since January. Angola President Joao Lurenco, who is currently rotating African Union (AU), has tried to mediate a ceasefire lasting and reduce tensions between Congo, and Rwanda, the neighbouring country, which was accused of supporting M23. Rwanda denies that....

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...