Fitch downgrade on Dangote: Alarm bells for Africa’s Industrial Quests

There is no question that the establishment of the Dangote Refinery, a $19 billion project, represents a significant stride towards Africa’s self-sufficiency in refined petroleum products and its ability to export to other African nations. This transformative initiative has the potential to reduce the continent’s reliance on imports, create jobs, and drive industrialization, ultimately contributing…

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UN Report: Africa Emerges as a Prime Destination for Manufacturing Investment

A  report by the United Nations Conference on Trade and Development (UNCTAD) has highlighted Africa’s vast potential as a hub for manufacturing investment. The continent’s rich reserves of critical minerals and metals, such as aluminium, cobalt, copper, lithium, and manganese, make it an attractive location for technology-intensive industries. Africa’s abundant resources and expanding consumer markets…

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African countries collaborate in ground-breaking BESS consortium.

Several African nations have officially indicated their interest in participating in the innovative Battery Energy Storage Systems (BESS) Consortium, which was launched during COP28. This collaboration has the potential to revolutionize the energy landscape in Africa by fostering advanced energy storage solutions through cooperation and ingenuity. By becoming part of the BESS Consortium, which is…

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