AD Ports Group has signed an agreement with BUA Group, one of Africa’s largest foods, mining, manufacturing and industrial conglomerates, and MAIR Group, a strategic investment company, to explore collaboration in sugar refineries and agro-industrial facilities in Abu Dhabi and select global markets.
Nearly 600 million people in Africa lack electricity, with access growth failing to match population increases. While the IEA estimates $15 billion in annual investment is needed for universal access, current commitments remain under $2.5 billion. This widening funding gap, amid rising demand, presents a significant long-term commercial opportunity.
Gulf Warehousing Company (GWC), one of the region’s leading logistics providers, has announced that it has sealed a strategic collaboration with Apify, a European cloud platform specialising in web data extraction, automation, and AI-driven workflows.
Africa requires an estimated $375 billion over the next 10 to 12 years to adequately fund upstream and midstream gas development across the continent, according to non-profit organisation the Society of Petroleum Engineers (SPE).
The 2026 edition of African Mining Week (AMW) – officially launched last week – will bring together global mining companies, investors, policymakers and industry stakeholders to explore emerging opportunities across Africa’s minerals sector.
The Opec Fund for International Development (Opec Fund) has announced up to $2 billion in co-financing with the African Development Fund (ADF) for the period 2026–2030, reaffirming its long-standing commitment to Africa and to concessional financing for the continent’s most vulnerable countries.
Acwa Power has announced that it has signed a co-operation framework with African Development Bank (AfDB) to significantly strengthen collaboration in the development and funding of power generation and water desalination projects worth up to $5 billion across Africa.
RHI Magnesita, a global leader in refractory products and services for the steel, cement, glass, and non-ferrous metals industries, has strengthened its operations in the Middle East, Türkiye and Africa region by setting up its regional head office in Dubai.
General Motors has announced a leadership transition in its Middle East, Africa operations with Jorge Plata taking over as the new President and Managing Director effective March 1. He succeeds Jack Uppal who moves to Canada as President and Managing Director.
Africa is entering a pivotal phase in global energy dynamics, with refined product demand expected to rise from 4 million bbl/d in 2024 to over 6 million bbl/d by 2050, according to the African Energy Chamber’s 2026 Outlook Report.
