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African Development Bank welcomes major Algerian development initiatives as two forge an even stronger partnership

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African Development Bank

During his official visit to Algeria on 16-17 November, Dr Sidi Ould Tah, President of the African Development Bank, expressed his deep gratitude to Algerian President Abdelmadjid Tebboune for this significant decision

ALGIERS, Algeria, November 19, 2025/APO Group/ –The African Development Bank (AfDB) (www.AfDB.org) has officially been earmarked as Algeria’s international partner in the country’s renewed efforts to engage with external financing, marking a key milestone in the ongoing partnership between Algeria and the Bank Group.

During his official visit to Algeria on 16-17 November, Dr Sidi Ould Tah, President of the African Development Bank, expressed his deep gratitude to Algerian President Abdelmadjid Tebboune for this significant decision. Ould Tah emphasised that the move represented a strategic step forward in Algeria’s development and its relationship with the Bank Group.

As part of the 2025 Finance Law, Algeria has initiated its approach to external financing, focusing on large-scale projects of national importance. A central priority is the development of the Laghouat–Ghardaïa–El Meniaa railway line (495 km), with an estimated cost of  $2.8 billion.

This rail line marks the first phase of a major Trans-Saharan Railway corridor, which will eventually stretch from the north of the country to Tamanrasset and beyond, connecting to Niger. This new logistics route will not only open up the southern regions of Algeria but will also provide a vital transport link for landlocked countries in the Sahel, facilitating access to essential resources and markets.

The project is part of Algeria’s broader national railway expansion plan, which aims to double the country’s railway network to 10,000 km by 2030, with a long-term goal of reaching 15,000 km. This expansion aligns with Algeria’s broader goal of modernising its infrastructure to reduce transportation costs, integrate isolated regions, and increase the domestic processing of valuable natural resources, including critical and industrial minerals.

Minister of Hydrocarbons and Mines, Mohamed Arkab, underscored the government’s commitment to adding value to the country’s raw materials. “We can no longer accept exporting our raw materials in their unprocessed state,” said Arkab.

The ambition of the Algerian government, the quality of its projects, and its national execution capacity make it a central partner for Africa’s transformation

Algeria has set ambitious targets to increase the local transformation of hydrocarbons from 30 percent to 60 percent by 2035, supported by a $60 billion investment plan running from 2025 to 2029. The country also aims to expand its capacity in petrochemicals, hydrogen, and other gas derivative industries, with a focus on upgrading fertilizer, oil, tire, and mineral processing.

In the mining sector, Algeria is positioning itself as a leader in the extraction and processing of critical minerals such as iron, zinc, gold, and rare earths. Many of these resources are located in the Saharan region, often huge distances from existing infrastructure. The Trans-Saharan Railway will provide the necessary logistical support to unlock the potential of these remote deposits, enabling local processing and improving access to markets in Algeria and neighbouring countries.

Ould Tah expressed strong support for Algeria’s ambitions, highlighting the alignment of the country’s industrial transformation with the African Development Bank’s strategic vision. “The localisation of value, industrialisation, and mineral sovereignty are key pillars of Africa’s future,” Ould Tah said, referencing a recent study by BloombergNEF, which indicated that Africa has a clear competitive advantage in producing battery precursors. He called for a coordinated approach across African nations to protect and sustainably enhance the continent’s critical mineral resources.

The visit also focused on Algeria’s efforts to strengthen energy and water security. The Bank President visited the “Fouka 2” seawater desalination plant, which is part of Algeria’s broader efforts to address water scarcity exacerbated by prolonged drought in the Mediterranean region.

The country currently operates 19 desalination plants. Five more units are set to come online by 2027, increasing desalination capacity to meet an impressive 60 percent of national water needs by 2030.

Algeria’s years-long expertise in liquefied petroleum gas (LPG) distribution was also highlighted as a model for the continent. The country provides 75 percent of its households with LPG, including cities in the southern desert region, through locally designed and built infrastructure. This experience is seen as a valuable contribution to the African Union’s clean energy transition efforts, with the African Development Bank supporting similar clean cooking initiatives across the continent.

Minister of the Interior, Local Authorities, and Transport, Saïd Sayoud, and Minister of Public Works and Basic Infrastructure, Abdelkader Djellaoui, highlighted Algeria’s exceptional capacity to manage large infrastructure projects. The country recently completed 950 km of railway in just 24 months using entirely domestic resources and expertise. This execution capacity is critical for supporting the ongoing development of key North-South corridors and strategic mining lines.

President Ould Tah praised Algeria’s ambitious vision and ability to execute high-quality projects, declaring: “The ambition of the Algerian government, the quality of its projects, and its national execution capacity make it a central partner for Africa’s transformation.”

Distributed by APO Group on behalf of African Development Bank Group (AfDB).

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Spiro Appoints Former Indofast Energy Chief Executive Officer (CEO) Anant Badjatya as Group CEO to Lead its Next Phase of Growth

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Spiro

Anant joins Spiro with more than two decades of leadership experience across India, the Middle East and Africa

DUBAI, United Arab Emirates, June 9, 2026/APO Group/ —

  • Following its most recent landmark US$215 million equity raise, Spiro is strengthening its leadership team to execute its next phase of pan-African expansion and appoints Anant Badjatya as Group CEO of Spiro.
  • Anant Badjatya previously spearheaded Indofast Energy, the IndianOil × SUN Mobility joint venture, where he built one of India’s largest battery-swapping networks with more than 1,800 stations serving approximately 90,000 vehicles daily.

Spiro (http://www.Spironet.com), Africa’s leading electric mobility company, today announced the appointment of Anant Badjatya as Group Chief Executive Officer.

Anant will consolidate the Group’s strategic initiatives and guide the company through its next chapter of growth and execution in mobility, energy and tech

Anant joins Spiro with more than two decades of leadership experience across India, the Middle East and Africa, building and scaling businesses across electric mobility, energy and industrial sectors.

Most recently, he served as CEO of Indofast Energy, the joint venture between IndianOil and SUN Mobility, where he led the development of one of India’s largest battery-swapping networks, comprising more than 1,800 stations and serving nearly 90,000 vehicles daily.

The appointment comes at a pivotal moment for Spiro following its landmark US$215 million financing round, one of the largest investments ever made in Africa’s electric mobility sector. Anant’s broad mandate will span battery swapping, leasing, logistics, energy, and vehicle manufacturing.

Gagan Gupta, Founder and Chairman of Spiro said: 

As Spiro is accelerating on its mission to transform mobility across Africa through clean, affordable and accessible electric transportation solutions, Anant will consolidate the Group’s strategic initiatives and guide the company through its next chapter of growth and execution in mobility, energy and tech.”

Commenting on his appointment, Anant Badjatya said:

Africa represents the most exciting frontier for electric mobility.  Spiro has built a unique platform and is exceptionally well positioned to accelerate the transition to cleaner and more accessible mobility across the continent. I look forward to working with our teams, partners and stakeholders to drive the next phase of growth and impact.

Distributed by APO Group on behalf of Spiro.

 

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Gwede Mantashe Joins African Energy Week (AEW) 2026 as South Africa’s Petroleum Reforms Open the Orange Basin to Drilling

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African Energy Chamber

A new petroleum law and the prospect of fresh Orange Basin drilling is resetting South Africa’s upstream, and Minister Mantashe is taking the AEW host nation’s case to the global market

CAPE TOWN, South Africa, June 8, 2026/APO Group/ –Gwede Mantashe, Minister of Mineral and Petroleum Resources of the Republic of South Africa, has been confirmed as a featured speaker at the upcoming African Energy Week (AEW) 2026 Conference and Exhibition, where he is expected to lay out the reform agenda reshaping the country’s upstream oil and gas sector and its drive to convert long-stranded offshore gas into production.

 

South Africa is pursuing one of the most significant upstream overhauls in its history, anchored by a new law that gives oil and gas their own regulatory regime for the first time. The reforms position the host nation as both a destination for exploration capital and a future producer along an Atlantic margin that has drawn the world’s largest oil companies to the region.

At the center of the shift is the Upstream Petroleum Resources Development Act (UPRDA), which President Cyril Ramaphosa signed into law in October 2024. The Act separates petroleum from the mining statute that has long regulated both sectors. It also creates a single petroleum right covering exploration and production along with a 20% carried interest for the state. The UPRDA awaits a presidential proclamation to take effect, and implementing regulations that went through a further round of industry comment in early 2026 are now being finalized.

A clear petroleum framework and a credible state partner are what international capital needs to commit to the Orange Basin

Mantashe has emerged as the most forceful advocate for accelerating the sector. He has long-argued that South Africa must shift from importing refined products to producing its own, warning that dependence on foreign supply leaves the economy exposed to global price shocks. This shift becomes increasingly more importance in the current global climate, where supply security has become a major challenge – particularly for import-reliance economies such as South Africa. As such, Mantashe has repeatedly pressed for faster licensing and fewer legal delays to exploration. AEW 2026 is a key platform to bring this discussion to a global audience.

“South Africa has the geology for exploration. Now it is building the regulatory certainty it needs to turn discoveries into bankable projects,” said NJ Ayuk, Executive Chairman of the African Energy Chamber. “A clear petroleum framework and a credible state partner are what international capital needs to commit to the Orange Basin.”

Offshore, TotalEnergies – operator of Block 3B/4B in the Orange Basin – is preparing to begin drilling in South African waters in 2026 pending final regulatory approvals. The acreage sits on trend with the Venus discovery in neighboring Namibia, where TotalEnergies is developing the basin’s first oil project.

Onshore, momentum is building in Mpumalanga, where gas developer Kinetiko Energy’s Amersfoort project has logged sustained high-flow results and is advancing plans for an LNG pilot plant. Mantashe has also signaled that government is moving to lift the long-standing moratorium on shale gas development, with the Petroleum Agency of South Africa (PASA) estimating recoverable Karoo reserves at 209 tcf.

Mantashe is also expected to report on successes of the South African National Petroleum Company (SANPC), the state entity formed in May 2025 through the merger of PetroSA, iGas and the Strategic Fuel Fund. Positioned as the country’s petroleum champion, SANPC is intended to anchor state participation across the value chain as South Africa works toward 6 GW of gas-fired power by 2030.

As AEW 2026 prepares to convene policymakers, investors and operators at the Cape Town International Convention Centre from October 12-16, Mantashe’s address carries added weight as the host nation’s signal to the market. His message is expected to be direct: South Africa is open for upstream investment and ready to move from potential to production.

Distributed by APO Group on behalf of African Energy Chamber.

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Mining Review Africa expands coverage to include global mining news

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vukagroup

The expanded editorial scope aligns with Vuka Group’s commitment to delivering timely, relevant and insightful content that supports informed decision-making across the mining value chain

CAPE TOWN, South Africa, June 8, 2026/APO Group/ –Vuka Group’s Mining Review Africa (https://WeAreVUKA.com), a leading source of mining industry news and insights, is expanding its editorial coverage to include major mining developments from around the world.

 

While Mining Review Africa remains firmly committed to reporting on the opportunities, challenges and successes shaping Africa’s mining sector, readers will now also benefit from coverage of international projects, investments, technologies, commodity markets and policy developments influencing the global mining industry.

The move reflects the increasingly interconnected nature of the mining sector, where developments in one region can have significant implications for investment decisions, supply chains, commodity markets, and mining operations worldwide.

Expanding our coverage enables us to deliver a more comprehensive view of the mining industry while maintaining our strong focus on Africa

“As the mining industry continues to evolve on a global scale, our readers are seeking greater context around international developments that impact Africa and the wider resources sector,” said Mining Review Africa Editor-in-Chief, Gerard Peter.

“Expanding our coverage enables us to deliver a more comprehensive view of the mining industry while maintaining our strong focus on Africa.”

Readers can expect enhanced reporting on major mining projects, mergers and acquisitions, sustainability initiatives, technological innovation, critical minerals, energy transition developments and regulatory changes from key mining jurisdictions worldwide.

The expanded editorial scope aligns with Vuka Group’s commitment to delivering timely, relevant and insightful content that supports informed decision-making across the mining value chain.

Mining Review Africa has established itself as a trusted voice within the African mining industry, providing news, analysis and thought leadership for mining professionals, investors, suppliers and policymakers. By broadening its coverage, the publication aims to give readers a deeper understanding of the global forces shaping the future of mining, while continuing to place African mining stories at the centre of its reporting.

For readers, this means access to a wider range of industry intelligence, bringing together African mining news and key international developments on a single trusted platform.

Distributed by APO Group on behalf of VUKA Group.

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