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Business Brief
By Business Insider Africa

The Lithium Boom is Heating Up

Lithium stock prices have more than doubled in the past year in response to ballooning costs and shortages. $ALB climbed 185%. $SQM, 133%.

This $1B unicorn’s patented technology can recover up to 3X more lithium than traditional methods. That’s earned investment from leaders like General Motors.

Now they’re preparing for commercial production just as experts project 5X demand growth by 2040. EnergyX is tapping into 100,000+ acres of lithium deposits in Chile, a potential $1.1B annual revenue opportunity at projected market prices.

Energy Exploration Technologies, Inc. (“EnergyX”) has engaged Beehiiv to publish this communication in connection with EnergyX’s ongoing Regulation A offering. Beehiiv has been paid in cash and may receive additional compensation. Beehiiv and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX’s offering materials. EnergyX’s Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty.

From the Editor

Big financial decisions rarely come without difficult trade-offs.

Nigeria has moved ahead with a $5 billion financing arrangement with the UAE despite the IMF raising concerns about the deal's transparency and long-term fiscal risks. It is another reminder that governments sometimes weigh immediate funding needs against the caution of international lenders.

The real question is whether today's financing decision will deliver the growth it promises without creating bigger challenges down the road.

Victor Inusa
Victor Inusa,
Newsletter Editor.

Today’s Must Read

Israeli media highlights a growing military in Africa that is of increasing concern to it

(photo Credit: AP)

Israeli media has expressed concern over Egypt’s growing military expansion and modernization, particularly within the Sinai Peninsula. Security officials are closely monitoring Egypt's rapid military acquisitions, training, and infrastructure projects, which some experts believe exceed its conventional border security needs.

These developments have raised uncertainties regarding Egypt’s strategic intentions.

While Israel remains highly attentive to military movements along its borders under the 1979 peace accord, robust security cooperation between Cairo and Tel Aviv has still been maintained recently to combat regional terrorist threats. Read more…

The Big 3

(Photo Credit: Britannica)

🇿🇦 South Africa may consider government intervention in Africa's richest city amid deepening financial crisis

Johannesburg has been warned to fix its finances or risk losing R8 billion in government funding. Business leaders say years of political instability, rising debt and failing infrastructure have pushed the city closer to government intervention.

They also warn the crisis could affect South Africa's economy because Johannesburg contributes about 16% of the country's GDP. Read more…

🇷🇼 Rwandan gold refinery becomes the latest target of Trump's sanctions amid supply chain transparency push

The U.S. sanctioned Kigali-based Gasabo Gold Refinery, accusing it of refining gold smuggled from eastern DR Congo through networks linked to M23 rebels. The sanctions also target the refinery's chairman, general manager and three mining companies.

U.S. authorities say the move aims to disrupt conflict financing and support the Washington peace agreement. Read more…

🇫🇷 Africa’s largest private defence company joins Indian billionaire Baba Kalyani’s defence group to launch new armoured vehicle in France

Paramount Group and India's Kalyani Strategic Systems launched the Simha 4×4 light armoured vehicle at the Eurosatory defence exhibition in France.

Designed for missions including border protection, troop transport and reconnaissance, the vehicle targets markets across Africa, South Asia and beyond, reflecting deeper defence partnerships between African and Asian manufacturers. Read more…

Quote Of The Day

The only limit to our realization of tomorrow will be our doubts of today.

— Franklin D. Roosevelt

Listicles

These 9 African countries recorded the highest Canadian visitor visa rejection rates ahead of the 2026 World Cup

New IRCC data shows that overall, just 41% of World Cup visitor visa and eTA applications to Canada were approved. For African fans, refusal rates ranged from 59.1% to 96.1% due to strict eligibility checks and extensive documentation required for temporary resident visas.

S/N Country Refusal Rate (World Cup Requests)
1 🇨🇩 DR Congo Total Processed: 385
96.1%
2 🇰🇪 Kenya Total Processed: 225
91.1%
3 🇬🇭 Ghana Total Processed: 1,725
89.3%
4 🇨🇲 Cameroon Total Processed: 115
87.0%
5 🇳🇬 Nigeria Total Processed: 785
86.0%
6 🇸🇳 Senegal Total Processed: 170
85.3%
7 🇪🇹 Ethiopia Total Processed: 140
78.6%
8 🇩🇿 Algeria Total Processed: 245
73.5%
9 🇪🇬 Egypt Total Processed: 550
59.1%

Source: CTVNEWS/Immigration

Geopolitics & Power

(Photo Credit: X/poaenglish)

🇫🇷 France weighs retaliation after Burkina Faso cuts ties in latest blow to Paris’ West Africa influence

France is considering reciprocal measures after Burkina Faso cut diplomatic ties with its former colonial ruler. Burkina Faso accused France of supporting subversive networks and terrorist groups, allegations Paris denies and labeled as hostile and unfounded.

The rupture marks another setback for French influence in the Sahel, as Mali, Niger, and Burkina Faso pursue closer ties with alternative partners like Russia. Read more…

Global Trends, African Impact

(Photo Credit: IMF)

🇳🇬 Nigeria ignores warnings from the IMF and goes ahead with its a $5 billion arrangement with the UAE

Nigeria has moved forward with a $5 billion loan arrangement from the UAE, successfully drawing an initial $1.5 billion through First Abu Dhabi Bank despite direct warnings from the IMF.

Secured to fund the 2026 budget, back infrastructure, and restructure existing debt, the deal requires Nigeria to provide 133.3% collateral in its local currency.

This Total Return Swap structure drew criticism from the IMF, which warned that the arrangement lacks transparency and carries complex long-term fiscal risks that could constrain monetary policy. Read more…

Executive Trivia

(Photo Credit: emma.aero)

Which country has the highest number of airports in the world?

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Did You Know?

(Photo Credit: Apexblossoms)

Kenya is the leading African exporter of cut flowers to the European Union, supplying around 35% of all flower sales across Europe.

The heart of this multi-million dollar industry is centered around Lake Naivasha, where the country's unique high-altitude climate, volcanic soil, and year-round sunshine create the perfect conditions for growing premium, long-lasting roses, carnations, and lilies. This agricultural powerhouse has grown so massive that Kenyan flowers are flown fresh daily to major global hubs, making the flower sector one of the top foreign exchange earners for the East African nation.

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