News & Events

Namibia Critical Minerals Inc. has amended its agreement with the Japan Organisation for Metals and Energy Security to secure additional funding for the Lofdal heavy rare earths project.

Under the revised deal, Jogmec will contribute an extra N$37 million to help finance a definitive feasibility study, the final stage before a mining company decides whether to proceed with development. Namibia Critical Minerals president Darrin Campbell said the added support would help position Lofdal for project financing and future development decisions.

The Lofdal project, which holds a 25-year mining licence, is expected to produce heavy rare earth metals used in high-performance magnets for renewable energy technologies. Toyota Tsusho Corporation, part of the Toyota Group, said it will join the project as part of Jogmec’s ownership.

Read the original article here: https://www.msn.com/en-xl/africa/top-stories/namibias-lofdal-heavy-rare-earths-project-gets-additional-japanese-funding/ar-AA1ZYRwD?ocid=BingNewsVerp

Afreximbank underwrites $2.5 billion of $4 billion syndicated loan for Dangote Refinery, one of Africa’s largest industrial financing deals.

The African Export-Import Bank and Access Bank Plc led the five-year facility to refinance debt and support the 650,000 barrels-per-day refinery’s operational phase. The complex aims to cut Nigeria’s heavy fuel import reliance and boost domestic supply.

Afreximbank President George Elombi called it the bank’s largest commitment to Dangote Group, where it has invested $15 billion since 2015 to drive African industrialisation. Aliko Dangote said the deal strengthens the refinery’s financial position for future growth.

The transaction drew strong participation from African and international lenders, reflecting confidence in the refinery as a game-changer for the continent’s energy security despite Nigeria’s chronic refining capacity shortages.

Read the original article here: https://www.msn.com/en-us/money/markets/afreximbank-underwrites-2-5bn-of-4bn-loan-to-nigeria-s-dangote-oil-refinery/ar-AA1ZPgH9?ocid=BingNewsVerp

Uganda has reintroduced rhinos to Kidepo Valley National Park in a major conservation step aimed at restoring a species wiped out there by poaching.

Two southern white rhinos were moved from the Ziwa Rhino Sanctuary, followed by two more, as part of a relocation effort led by the Uganda Wildlife Authority and conservation partners. Rhinos had not lived in Kidepo since 1983.

The Ziwa program, launched in 2005, has successfully bred the species over the years, providing stock for this translocation. More rhinos are expected later this year, including some from Kenya. Poaching remains a threat across Uganda’s protected areas despite improved security, driven by Asian demand for rhino horn products that often command higher prices than gold in illegal markets.

Read the original article here: https://www.mcall.com/2026/03/20/uganda-rhinos-translocation/