Dangote unveils ambitious plan for 20,000MW power project.
Feyishola Jaiyesimi – May 7, 2026. Source- Business Day Aliko Dangote, the billionaire industrialist behind Africa’s largest industrial conglomerate, has unveiled an ambitious plan to generate 20,000 megawatts of electricity — a move that could significantly reshape Nigeria’s chronic energy deficit. In a conversation with International Finance Corporation Managing Director Makhtar Diop, Dangote outlined the […]
Why we chose 100% indigenous technology for our refinery, says Ebenco
By : Ernest Nzor The Chief Executive Officer of Ebenco, Dr. Ebenezer Oluwagbemiga, has said the company’s decision to deploy 100 per cent indigenous technology for its modular refinery project was driven by a deliberate strategy to deepen local capacity, boost Nigeria’s economy, and reduce dependence on imported refinery systems. Oluwagbemiga explained that the project is the […]
FG Launches $750m Mini-Grid Solar Power Project
economicconfidential.com FG Launches $750m Mini-Grid Solar Power Project The Federal Government is implementing what has been described as the largest publicly funded renewable electricity programme in the world, aimed at expanding power access through mini-grids, solar infrastructure, and off-grid electrification projects across Nigeria, the Managing Director of the Rural Electrification Agency (REA) Abba Aliyu, has […]
Zimbabwe clarifies why it rushed to ban the exportation of some of its most critical minerals
Zimbabwe last week cited government malpractice and leakages as the rationale for the audacious decision to ban the export of lithium concentrates. By Chinedu Okafor04 March 2026 08:50 AM Recently, Polite Kambamura, Zimbabwe’s mines minister, reiterated this logic, asserting that under-declaration by miners constituted a problem too significant to be overlooked. He noted that the problem had […]
Africa Must Rewire US$29.5 Trillion Mineral Endowment Around Industry, Infrastructure and Demand, Africa Finance Corporation Study Says
Source: africafc.org Cape Town, South Africa, 9th February 2026 Africa hosts an estimated US$29.5 trillion in mine-site mineral value, representing about 20% of global mineral wealth, yet captures only a fraction of the economic value embedded in this endowment, according to a new study released today by Africa Finance Corporation (AFC). Of this total, US$8.6 trillion remains […]
Nigeria Signs Deal With South Korea to Launch Africa’s First Electric Vehicle Manufacturing Plant
Olamilekan Okebiorun Source: Business insider Africa Nigeria has taken a decisive step toward reshaping Africa’s clean mobility landscape after signing a landmark agreement with South Korea to establish Africa’s first electric vehicle manufacturing plant, a project that signals a shift from vehicle import dependence toward industrial ownership and green technology development on the continent. The […]
Frequent grid collapse: Why the Siemens deal matters
By: Osa Victor Obayagbona Nigeria’s national grid has become something of an unreliable metaphor for the country itself, functional one moment and collapsed the next. In 2024 alone, the grid reportedly collapsed more than 10 times. By mid-2025, Nigeria had already recorded multiple partial and total system failures, plunging Lagos, Abuja, Kano, Port Harcourt and […]
Africa’s richest man unveils plans to expand into steel, power, and ports in new industrial push
Africa’s richest man and President of the Dangote Group, Aliko Dangote, has unveiled fresh plans to expand into steel production, electricity generation, and port development. By: Adekunle Agbetiloye Africa’s richest man and President of the Dangote Group, Aliko Dangote, has unveiled fresh plans to expand into steel production, electricity generation, and port development, as he […]
Nigeria joins Africa’s alumina race with new $1.3B refinery deal
By: Solomon Ekanem Nigeria is accelerating efforts to diversify its economy away from crude oil after the Federal Government signed a landmark Memorandum of Understanding with the African Finance Corporation (AFC) to jointly fund three strategic mining projects, including a $1.3 billion alumina refinery. The agreement, signed in Abuja, also covers a nationwide geoscience mapping […]
African Energy Bank rolls out $10bn first phase funding for Nigeria, 2 other countries
