Senegal’s gold industry is accelerating. After producing more than 10 tonnes in 2025, the country could extract around 16 tonnes in 2026, according to forecasts reported this week. First-half production already reached 8.2 tonnes, up 35% year on year. This increase reflects new capacity ramping up, but does not yet guarantee the full-year result.
The first turbine at Angola’s Caculo Cabaça hydroelectric plant is expected to enter service in June 2027, according to the schedule announced during a government site visit on October 17. Located on the Kwanza River, the project has planned installed capacity of 2,172 megawatts. Overall progress stands at 57.48%, while completion of all work is now targeted for August 2029.
The second International Exhibition of Extractive and Energy Resources (SIREXE) will take place in Abidjan on November 18–22, 2026. Focused on infrastructure, it will bring together oil, gas, mining and electricity stakeholders around a shared challenge: turning investment ambitions into financed and delivered projects. For Côte d’Ivoire, it comes as hydrocarbon expansion must coexist with ambitious energy-transition and local-content goals.
Ethiopia is reviving development of the Corbetti geothermal project with Taranis becoming majority shareholder. Completed in early October, the transaction opens a new financing and exploratory-drilling preparation phase in the Corbetti caldera, around 250 kilometers south of Addis Ababa. The initial envisaged plant would generate 50 megawatts, with a potential 100 MW expansion. No commissioning timetable has been announced.
Ghana has announced a $28 billion agreement for the second phase of its Jomoro petroleum hub. Signed on October 19 by the Petroleum Hub Development Corporation (PHDC) and an international consortium led by Global Sphere, the partnership envisages a 300,000-barrel-per-day refinery, two petrochemical units and port facilities. The industrial ambition is substantial. Its credibility will nevertheless depend on turning the announced agreement into financing, construction and sustainable supply.
The offshore Bouri gas project in Libya has reached an important milestone. On October 19, Eni announced completion of the Bouri Gas Utilization Project, designed to recover and process associated gas previously flared during oil extraction. Commissioning procedures have begun, but the announcement does not yet mean normal operating rates have been reached.
Mozambique’s state-owned ENH is seeking investors to develop natural gas import, regasification and transport infrastructure around Beira and Inhassoro. Estimated at around $250 million according to information reported by Reuters, the project could help maintain supply for southern consumers and markets connected to the pipeline toward South Africa. Discussions remain preliminary: no final investment or supply agreement has been announced.
Mauritania’s liquefied natural gas (LNG) exports reached around 603,000 tonnes in the third quarter of 2026, 16% above the same period a year earlier. This increase confirms accelerating sales since shipments began from Grand Tortue Ahmeyim (GTA), shared with Senegal. It nevertheless requires qualification: quarterly volumes declined from the second quarter, and September recorded a slight year-on-year fall.
Algeria plans to allocate $71.6 billion to hydrocarbons through 2030. Presented by Minister of State for Hydrocarbons Mohamed Arkab to the National People’s Assembly finance committee, the program aims to strengthen exploration and production while increasing processing capacity. Its scale is significant, but impact will depend on actual capital mobilization, project execution and meeting growing domestic demand.
France has reportedly approached Algeria for additional oil and liquefied natural gas (LNG) as energy markets face severe pressure. The information, published on October 19 by a specialist platform and attributed to anonymous sources, was not accompanied by an official announcement specifying requested volumes, timing or commercial terms. It nevertheless highlights the difference between Algeria’s ability to increase some crude shipments and its reportedly more limited short-term LNG flexibility.
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