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THE PROJECT HERALD
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Project Herald Outlook

Nigeria’s New EDTI Tax Incentive Opens a Narrow, Uncrowded Window for Manufacturers in 2026

Nigeria’s Economic Development Tax Incentive (EDTI) went fully live on January 1, 2026, replacing the old Pioneer Status Incentive with a targeted 25% tax credit for manufacturing, services and infrastructure investment. With most companies still oriented around the old regime, early movers face less competition for NIPC’s attention — but eligibility is rolling out in

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nigeria reserves could hit $53bn nesg projects

Nigeria’s External Reserves Could Reach $53 Billion by Year-End, NESG Projects

LAGOS, Nigeria — 21 August 2026 Nigeria’s external reserves could rise to approximately $53 billion by the end of 2026 if current macroeconomic reforms are sustained, according to the Nigerian Economic Summit Group (NESG) in its latest H2 2026 economic outlook. The organisation said stronger oil production, improving non-oil exports, ongoing foreign exchange reforms and

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south africa approves new electricity pricing policy to reform power sector. tph news

South Africa rewrites its electricity pricing policy

Cabinet-approved policy replaces the 2008 framework. The headline mechanics: a mandatory 10-year Nersa price forecast (so heavy industry can underwrite investment decisions against a known price path), fully unbundled tariffs separating generation, transmission and admin costs, tariffs moving to cost-reflective pricing over 5 years, and free basic electricity for poor households rising from 50kWh to

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Lifezone Buys Out BHP, Bets $942 Million on Tanzania's Nickel Future | The Project Herald

Lifezone Buys Out BHP, Bets $942 Million on Tanzania’s Nickel Future

Douglas, Isle of Man / Kabanga, Tanzania — August 2026 Lifezone Metals has removed the last obstacle standing between it and full control of one of the world’s most valuable undeveloped nickel deposits. In a deal completed in July 2025, the NYSE-listed company bought out BHP’s remaining 17% stake in Kabanga Nickel Limited, consolidating 100%

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MoMo's Super-App Bet: Why MTN Is Fighting Nigeria's Fintechs on Their Own Turf

MoMo’s Super App Bet: Why Nigeria Will Decide MTN’s Fintech Strategy

Project Herald Outlook MTN’s decision to launch its next-generation MoMo Super App in Nigeria is more than a product rollout—it is a strategic test of whether Africa’s largest telecom operator can translate its network scale into leadership in one of the continent’s most competitive fintech markets. By partnering with Ant International, the technology company behind

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Africa Has the Capital. The Problem Is Making Infrastructure Investable.

Africa’s infrastructure financing challenge is often described as a shortage of money. That explanation is becoming increasingly difficult to sustain. The continent needs enormous investment in roads, railways, ports, power systems, water infrastructure and digital networks. Governments cannot finance the requirement alone, while traditional development funding is under growing pressure. Yet across African markets, large

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