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LEO XIV IN AFRICA – Eastern Angola: Plundered Riches, Calls for Autonomy, and Witchcraft unsdg.un.org/un-in-action/angola Luanda (Agenzia Fides) – Eastern Angola, specifically the ecclesiastical province of Saurimo, encompasses the Diocese of Luena in Moxico Province, the Diocese of Dundo in Lunda Norte Province, and the Archdiocese of Saurimo in Lunda Sul Province. This region is exceptionally rich in natural resources, yet the local population sees little to no benefit from these abundancies. Discrimination and Resource Exploitation For years, civil society movements have protested against the systemic discrimination faced by the inhabitants of eastern Angola, which includes Moxico, Lunda Norte, Lunda…

Tunisia’s Strategic Land Trade Corridor: Bridging North Africa and the Sahel Tunisia is advancing a transformative land trade corridor aimed at connecting North Africa to the Sahel. This ambitious project is designed to position Tunisia as a pivotal gateway between the Mediterranean and sub-Saharan Africa. The Corridor’s Key Connections The proposed corridor will link the Ras Jedir border crossing with Libya to vital routes extending to Niger, Mali, Burkina Faso, Chad, and the Central African Republic. This initiative is being developed in collaboration with Libyan authorities to forge a continuous land trade axis that taps into the landlocked markets of…

Exploring Africa’s Mineral Landscape: A Pillar for Economic Transformation Africa’s subsurface wealth serves as a vital foundation for initiatives aimed at revitalizing the continent through mining. With approximately 30% of the world’s proven mineral reserves, Africa offers unparalleled economic opportunities through strategic partnerships focused on resource development. Understanding Africa’s Strategic Resource Position The availability of resources is crucial for economic transformation on each continent, yet few regions enjoy the geological advantages that Africa does. The continent’s minerals range from traditional precious metals to critical minerals essential for modern technology and renewable energy infrastructure. Continental Mineral Wealth Distribution and Global Market…

Navigating Financial Markets and Economic Cycles: A Comprehensive Overview An Entrepreneurial Beginning Achieving operational ownership at a young age laid the foundation for success in construction and beyond. By his early twenties, involvement in construction management showcased the need for precise coordination of labor and budgeting. This hands-on experience demanded daily accountability to project timelines, suppliers, and financial limits, solidifying business fundamentals like leverage management and margin discipline. Understanding Economic Cyclicality Engagement in tangible industries cultivated an acute awareness of economic cyclicality. Market demand often shifts in response to interest rates and financing conditions, requiring businesses to reinvest strategically while…

South Africa’s Eskom Ordered to Disclose Fuel Contracts: A Landmark Ruling for Transparency South Africa’s Supreme Court of Appeal has ruled in favor of transparency by requiring Eskom, the country’s state-owned electricity utility, to disclose its contracts with coal and diesel suppliers. This decision, announced on March 23, 2026, marks a significant step towards enhancing accountability in a sector plagued by secrecy and financial chaos. Eskom’s Role in South Africa’s Energy Landscape Eskom is responsible for generating approximately 90% of South Africa’s electricity, primarily from coal sourced from domestic mines. Annually, Eskom spends over R70 billion (approximately US$4.16 billion) on…

EUNIC Launches Second Edition of Spaces of Culture Grants for Cultural Projects in Sub-Saharan Africa and Europe The European Union National Institutes for Culture (EUNIC) has officially kicked off the second edition of its Spaces of Culture call for proposals. This initiative invites cultural actors from Sub-Saharan Africa and Europe to submit their project applications for grants of up to €50,000. The call, which started on April 1, 2026, aims to support seven innovative cultural relations projects based on principles of equal partnership, local ownership, and co-creation between African and European participants. Application Deadline Submission Closing Date: June 21, 2026,…

Streamlined Money Transfers to Canada with Grey Sending money to Canada is now easier than ever, thanks to Grey. Whether you’re supporting family in Ontario, paying a contractor, or handling business invoices, Grey eliminates frustrating wire queues and unpredictable fees. Users can now send Canadian Dollars directly to any Canadian bank account in minutes using Interac for only $3.00 or opt for a next business day bank transfer for just $2.50, avoiding percentage fees altogether. Addressing Diaspora Needs Canada boasts a diverse diaspora population, with communities from Nigeria, India, the Philippines, and more. These connections often require remittances that are…

The Impact of Middle East Conflict on Africa’s Energy and Food Security The ongoing conflict in the Middle East, particularly involving escalating hostilities between Israel, the United States, and Iran, is provoking significant increases in global energy and food prices. This situation is disrupting vital fertilizer supplies to Africa, according to urgent warnings from the African Development Bank (AfDB), the African Union Commission (AUC), and various UN agencies. Rising Global Volatility and Its Implications As missile and drone strikes proliferate in recent weeks, oil markets have responded with heightened anxiety, leading to a roughly 50% surge in global oil prices…

Exxaro Resources and Eskom Secure Long-Term Coal Supply Agreement to Support South Africa’s Energy Needs Exxaro Resources and Eskom Holdings are furthering their collaborative efforts with a new long-term coal supply agreement (CSA). Initiating on 1 April 2026, this agreement will ensure a consistent supply of coal from Exxaro’s Matla Mine to the Matla Power Station in Mpumalanga, with a commitment lasting until 30 November 2043. Notably, this agreement can be adjusted upon mutual consent between both parties. Exxaro Resources and Eskom Holdings have signed a new long-term coal supply agreement (CSA), ensuring the continued delivery of coal from Exxaro’s…

Mokgome Mogoba, managing partner and founder of Kholo Capital ** For the best experience, download the free Africa Private Equity News app Android | iOS ** Kholo Capital and Tensai Private Equity Fund Management Buy-Out of Isambane Mining Kholo Capital Mezzanine Debt Fund I, in collaboration with Tensai Private Equity, has announced a significant funding initiative aimed at supporting the management buy-out (MBO) of Isambane Mining. The collaboration has successfully secured R275 million (approximately $16.4 million) in mezzanine debt financing for the transaction, which marks a crucial step towards enhancing operational capabilities and expanding market presence in the South African…