1. The U.S. Embassy in Tanzania issued a new security warning: unrest may occur in Dar es Salaam in the coming weeks. In the event of unrest, avoid demonstrations. Stockpile water, food, medicine, fuel, and cash before December 5th, and confirm your updated personal security plan, including confirming your personal flights in advance.
2. Nigeria today lifted the 15% tariff on imported oil.
3. The Uganda Petroleum Authority announced that its current recoverable oil reserves have increased to 1.65 billion barrels. It has approved $7 billion in construction contracts and is building a 1,443-kilometer export pipeline to Tanzania and a 60,000-barrel-per-day refinery (this investment is jointly funded by Total Energy, China National Offshore Oil Corporation, Uganda Petroleum Corporation, and Tanzania Petroleum Development Corporation).
4. Botswana and Oman reached a cooperation agreement for a 500-megawatt solar power project, aiming to increase renewable energy from 8% to 50% of the electricity mix by 2030. 5. China Road and Bridge Corporation (CRBC) is collaborating with the Kenyan National Social Security Fund to expand a 139-kilometer highway connecting western Kenya with the port of Mombasa using a PPP model, upgrading single-lane highways to four-lane and six-lane highways. Shandong Expressway Group's subsidiary, Shandong Expressway Road and Bridge International, will construct the remaining 94 kilometers of single-lane highways to six-lane highways.
6. Following the United States' announcement that it would cut off all financial support and aid to South Africa and withdraw from the nearly 80-year-old free trade agreement, China announced duty-free access to all African countries.
7. The Mauritania Railway Corridor Modernization Project secured $275 million in financing, with $150 million from the African Development Bank and $125 million from the European Investment Bank, and guaranteed by the European Union. This railway project primarily connects the mining hub of Zuelat with the Atlantic port of Nouadhibou and is part of the EU's Global Gateway project.
8. South Africa imported approximately 153,000 tons of subsidized sugar from January to September this year, three times the amount imported during the same period last year. Sugar prices have plummeted by 60% from their peak this century, affecting approximately one million sugar farmers.
9. Canadian company Montage Gold acquired Australian company African Gold for $170 million, indirectly owning 5.5 million ounces of gold at the Kone mine in Côte d'Ivoire, which is expected to begin production in 2027.
10. Afreum, built on the Stellar blockchain, today launched its African wallet feature, providing users in Africa and elsewhere with seamless cross-border payments, remittances, DeFi applications, and token asset management.
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