Global Affairs

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Global Affairs

DFC equity investing in Africa to expand, with critical minerals in the pipeline

The US International Development Finance Corporation will make more direct equity investments in Africa, including in critical minerals, its regional managing director for Africa, Vibhuti Jain, has told Reuters. The DFC already has more than $14bn committed across the continent, with over $3bn of it in critical minerals.
Global Affairs

What does a 100 million barrel release mean for Africa’s diesel bill?

G7 members agreed on 2 October to release 100 million barrels of diesel, petrol and crude from emergency reserves over four months, with a front-loaded diesel release in the first twenty days. Brent eased to around $100.8, but the fuel African importers buy most will take longer to reach their pumps.
Global Affairs

AFRICA AT THE FOREFRONT: the urgent need to diversify energy supply

By Dele Kuti, Global Head, Energy at Standard Bank Corporate & Investment Banking As we approach the second half of the year, it is important to reflect on the busy first half. After a hectic 2025, most observers would have expected some form of respite. Unfortunately, respite will not likely be a word associated with […]
Global Affairs

United Arab Emirates quits OPEC

The United Arab Emirates (UAE)leaves the Organization of the Petroleum Exporting Countries (OPEC) on 1 May 2026 following a comprehensive review of its production policy and future capacity. It announced the move on 28 April. According to the Emirates News Agency, the decision reflects the UAE’s “long-term strategic and economic vision and evolving energy profile, […]
Global Affairs

Australian firm gets six lithium mining licences in Nigeria

By Premium Times Nigeria – April 17, 2026 The licences include four exploration permits and two small-scale mining licences, previously held by Continental Lithium Limited. An Australian mining company, Chariot Resources Limited, now has permission to mine lithium in Nigeria after the country’s mining regulator approved six licences for its operations. The Nigerian Mining Cadastre Office (MCO) […]
Global Affairs

How US, Chinese investment models are reshaping Nigeria’s trade, energy sector

By Premium Times Nigeria – March 6, 2026 Nigeria is currently the United States’ second-largest trading partner in Africa. Bilateral trade in goods and services reached nearly $13 billion in 2024. When the United States and Nigeria signed a landmark Commercial and Investment Partnership (CIP) in Washington in July 2024, the announcement attracted little fanfare. There were […]
Global Affairs

Energy in Words #2 | Predictability

Nelson Lage, President of ADENE –  Portuguese Energy Agency Volatility is now normal. Predictability is what makes businesses competitive. Today, energy stability doesn´t come from a world without surprises. It comes from being prepared for shocks, managing them well, and keeping their impact as small as possible. Predictability is not about control. Predictability is about […]
Global Affairs

Ministers Sign Treaties While Power Grids Fracture Into Fragments

Gerald Hamuyayi, Lusaka, Saturday, 29 Nov 2025 – Energy regulators review applications, environmental authorities call for new assessments, land commissions raise questions about routes, and planning ministries challenge project timelines. A developer trying to build a cross-border transmission line watches his project split across different offices, with each approval triggering new demands from surrounding agencies. […]
Global Affairs

Africa urged to seize role in US critical minerals supply

WASHINGTON, October 9, 2025, ENN: African nations should position themselves as key partners for the United States in securing supplies of critical minerals essential to modern industries, according to a new report from the Washington DC-based Brookings Institution. The report, Leveraging US–Africa Critical Mineral Opportunities: Strategies for Success, argues that Africa’s mineral wealth and improving […]
Global Affairs

Mutual Benefits and Relationship Building in the Current Geopolitical Context

June 2025 | Africa Energy Forum With the geopolitical tectonic plates shifting in every corner of the world, largely towards a multipolar landscape where it’s difficult to know where to look for power and partnership, African energy is finding itself looking both externally and internally for a new way forward. Chief among these geopolitical shifts […]
Battery Storage

BII, AfDB and EBRD support pioneering solar and battery storage project in Egypt with US$ 479 million loan to Obelisk Solar Power  

British International Investment (BII), the UK’s development finance institution and impact investor, the African Development Bank (AfDB) and European Bank for Reconstruction and Development (EBRD) are providing a total of US$ 479.1 million to Obelisk Solar Power SAE, a special-purpose vehicle incorporated in Egypt and owned by Scatec ASA. This financing will support the development of a 1.1 GW solar photovoltaic (PV) power plant […]
Case studies

South Africa’s Overberg: turbo-charging wind power

South Africa’s Overberg project is set to become the continent’s biggest wind farm. As the final contracts are signed, we look at a potential model for the future of clean, low-cost power in Africa In early June this year, the story of renewables in Africa changed. The finalisation of the second stage of the Overberg […]

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