Energy - Copperbelt Katanga Mining

DRC Ranks Lowest in Africa for Energy Transition in 2025

June 26, 2025June 26, 2025 Constance

The Democratic Republic of Congo (DRC) ranks last among 22 African countries in terms of energy transition performance, according to the Energy Transition Index (ETI) 2025, released by the World Economic Forum (WEF) on June 18. The index evaluates the energy systems of 118 countries worldwide, using a comprehensive framework to measure performance and readiness for transition. Nigeria leads the continent in the 2025 ranking, placing 61st globally with a score of 54.8 points. The West African nation jumped 48 places from its 2024 ranking, largely due to targeted regulatory… Read More Here

Mining in Zambia Energy

Zambia Welcomes Major Solar Investment from China’s LONGi Green Energy

June 24, 2025June 24, 2025 Constance

The Zambian Government has welcomed a major renewable energy investment from Chinese solar technology giant LONGi Green Energy Technology Co., which plans to develop a 100-megawatt (MW) solar power plant in Zambia. Scheduled to become operational by December 2025, the project marks the first phase of a broader plan to scale up to 200MW—offering a substantial boost to Zambia’s renewable energy sector. The announcement was made during a courtesy visit by LONGi executives to the Minister of Energy, Hon. Makozo Chikote, MP, in Lusaka, where the company presented its investment… Read More Here

Mining in Zambia Copper Energy

Kansanshi Mining Plc Commissions K1.7 Million Solar Power System at Kwambula

June 20, 2025June 20, 2025 Constance

FQM`s Kansanshi Mining Plc has officially commissioned a state-of-the-art 120 kWh solar power system at Kwambula Trades Training Institute, representing a K1.7 million investment. The project ensures a reliable and sustainable energy source for both Kwambula and the Solwezi Trades Training Institute’s administration block, ending their dependency on diesel generators during Zambia’s ongoing power crisis. Speaking on behalf of Kansanshi’s General Manager, Training Manager Charlie Watt emphasised the company’s broader commitment to education in Solwezi. In addition to the solar system, Kansanshi is currently investing over K12 million in infrastructure… Read More Here

Electricity Energy Mining in Zambia

Kenya, Zambia, and South Africa Lead Charge in Africa’s Electricity Market Reforms

June 20, 2025June 20, 2025 Constance

Kenya, Zambia, and South Africa are accelerating power sector reforms, transitioning from state-controlled utility models to open access electricity markets. These changes aim to improve reliability, attract private investment, and reduce energy costs across a region long burdened by power deficits. In Kenya, the Energy Act of 2019 and the newly published Electricity Market, Bulk Supply and Open Access Regulations 2024 allow independent power producers (IPPs) to sell directly to large consumers or private vendors through a wheeling process. Consumers using at least 1 MVA can bypass the state utility,… Read More Here

Mining in Zambia Corporate News Energy

CEC Urges New Financing Models and Partnerships to Power Africa’s Energy Future

June 20, 2025June 20, 2025 Constance

Copperbelt Energy Corporation PLC (CEC) has called for strategic partnerships and innovative financing mechanisms to accelerate energy infrastructure development across Africa, cautioning that traditional risk models are no longer adequate to meet the continent’s growing power needs. Speaking at the 2025 Africa Energy Forum (AEF) in Cape Town, South Africa, CEC Chief Financial Officer Mutale Mukuka stressed the importance of cross-sector collaboration. He emphasized that sustainable progress in Africa’s energy sector hinges on deeper cooperation among governments, utilities, financiers, Engineering, Procurement and Construction (EPC) contractors, and local communities. “Governments alone… Read More Here

International Energy Uranium

Niger to Nationalize French-Operated Somair Uranium Mine Amid Regional Shift

June 20, 2025June 20, 2025 Constance

Niger has announced plans to nationalize the Somair uranium mine, currently operated by French state-owned company Orano, as tensions between the two parties escalate following the country’s 2023 military coup. The decision is part of a broader trend across West Africa, where governments are increasingly reclaiming control over natural resources. Recent nationalizations in Mali and Burkina Faso have raised concerns among international mining companies and investors with significant financial stakes in the region. In a statement issued late Thursday, the Nigerien government accused Orano of disproportionately benefiting from Somair’s uranium… Read More Here

International Energy Uranium

Morocco Launches $100 Million Uranium Extraction Project to Strengthen Energy Sovereignty

June 19, 2025June 19, 2025 Constance

In a bold move to enhance its strategic autonomy, Morocco has unveiled a $100 million investment by URANEXT, a state-owned company affiliated with the OCP Group (Office Chérifien des Phosphates). The project focuses on extracting uranium from phosphate deposits near Jorf Lasfar—locally known as Yellow Cliff—leveraging Morocco’s vast phosphate reserves to position the country as a key player in the global uranium industry. This initiative marks a transformative leap for Moroccan industry, shifting the traditional phosphate sector toward advanced resource extraction and technological innovation. Significantly, the project is fully funded… Read More Here

Mining in Zambia Electricity Energy

ZESCO and CEC Partner to Accelerate Solar Energy Expansion Across Zambia

June 16, 2025June 16, 2025 Constance

ZESCO Limited and Copperbelt Energy Corporation (CEC) Plc have announced a strategic partnership to accelerate the rollout of solar power generation across Zambia. The collaboration includes the creation of a joint planning team designed to streamline the development of solar projects, optimize resource use, and eliminate project duplication. The announcement was made during an appreciation tour of CEC’s solar facilities in Kitwe. ZESCO Chairman Vickson Ncube highlighted the importance of a coordinated national approach. “We are forming a joint planning team between ZESCO and CEC management to plan the national… Read More Here

Mining in Zambia Energy

CEC Becomes First LuSE-Listed Company to Surpass $1 Billion Market Capitalisation

May 30, 2025May 30, 2025 Constance

The Copperbelt Energy Corporation (CEC) has made history by becoming the first company listed on the Lusaka Securities Exchange (LuSE) to achieve a market capitalisation exceeding US$1 billion — a landmark moment for both Zambia’s capital markets and the energy sector. The milestone was announced by Verona Nkolola, CEC’s Head of Corporate Communications and Investor Relations, following a 6.19% increase in the company’s share price, which rose from K16.65 to K17.68 on May 22, 2025. The surge propelled CEC’s valuation beyond the billion-dollar mark. “This historic achievement reflects strong investor… Read More Here

International Energy Oil & Gas Uranium

Namibia Eyes Investment Rebound on Uranium, Oil, and Green Hydrogen Projects

May 22, 2025May 22, 2025 Constance

Namibia expects a strong rebound in foreign direct investment (FDI) this year following a 25% decline in 2024, driven by the restart of uranium operations and increased activity in oil exploration and green hydrogen projects. The southern African country is actively positioning itself to attract renewed capital in these strategic sectors, according to Francois van Schalkwyk of the Namibia Investment Promotion and Development Board. “Several international oil companies are continuing to invest not only in exploration but also in supporting services for future development,” he noted. “We anticipate that at… Read More Here