Oil
Egypt Aims to Double Oil Production by 2030 The Egyptian government has set a goal to double oil production over the next five years and has invited international oil companies operating in the country to increase their production. The Egyptian authorities have also launched a renegotiation of existing contracts with foreign partners. The Ministry of Petroleum is working to establish a new contractual and technical framework between the public oil company (EGPC) and international companies to simplify the development of fields and improve their productivity. Optimizing mature fields and using advanced drilling technologies are the basis of the strategy adopted to achieve this goal.
Mali
Government Continues to Invest in Mining Sector The Malian government recently announced the creation of a new public company aimed at strengthening the state's presence and control in the mining sector. Named Société de patrimoine minier (Sopamim SA), it will be 100% owned by the state and will have the main mission of acquiring and managing public participation in mining projects, the government announced after a Council of Ministers meeting on Friday, February 6, 2026. Bamako thus intends to structure and centralize the management of its mining assets, in a context of progressive redefinition of the relationships between the state and extractive companies. Mali is one of the main gold producers in West Africa and hosts several multinationals.
Kenya
Launch of Mobile Trading Platform Kenya has launched a mobile trading platform called Ziidi Trader, which will allow Kenyan individuals to buy and sell stocks on the Nairobi Stock Exchange (NSE) without a traditional brokerage account. This initiative marks a new stage in the democratization of stock market investment by expanding the base of national investors. Launched jointly on Wednesday by Safaricom PLC and Kestrel Capital and integrated into the M-PESA application, the platform targets individual investors, particularly young people, women, and micro, small, and medium-sized enterprises (SMEs). It gives them access to stocks, bonds, and other products listed on the NSE directly from their mobile wallet. The initiative is regulated by the Capital Markets Authority (CMA), which ensures transparency and protection for investors, while encouraging informed and long-term investments. Read also: Express
