The Africa Finance Corporation (AFC) plans to invest over $3 billion in infrastructure projects across the continent, focusing on key industries and supporting the AfCFTA. Established in 2007, AFC aims to drive development in Africa by leveraging the continent’s resources, including critical battery minerals for renewable energy. CEO Samaila Zubairu highlighted priority projects like a major railway linking Zambian mines to Angola’s Lobito port, aiming to boost industrialization, tackle poverty, and create jobs while positioning Africa as a leader in green logistics and sustainable development.
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Niger military leaders to nationalise uranium firm Somaïr
Niger's military junta plans to nationalise the French-owned uranium company Somaïr, accused of irresponsible practices, as part of its effort to gain greater control over local mineral resources and reduce ties with France, moving closer to Russia. This move follows a history of colonial agreements that many in Niger view as ongoing domination, raising concerns over job security and export earnings in the mining sector. Need More Context? 🔎
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