Agence Ecofin, widely regarded as the leading French-language source for pan-African economic reporting, is now aiming higher: to become the top economic...
While Small-Scale Businesses (SSBs) or businesses in the so-called "informal sector" represent a significant share of value creation and employment in...
• Jean Bamanisa says Kinshasa needs 3,500 km of roads rebuilt at a cost of over $10 billion.• He warns that without urgent investment, the city...
• Africa must transition from symbolic influence to active leadership on global platforms.• AU reform, peace architecture, and AfCFTA implementation are...
Recently appointed to lead the International Finance Corporation’s (IFC) operations in Africa, Ethiopis Tafara visited Lomé as part of “Africa Leads,” a...
As challenges related to sustainable development, social inclusion, and ecological transition grow more pressing, mobilizing the private sector has become...
African countries' public debt service forecasted to average 137.4% of their annual climate financing needs by 2030, says a report by the Institute for...
• Passenger demand in Africa rose 9.1% in early 2025, outpacing global growth• Sector affected by blocked funds, safety concerns, high costs, and weak...
The African Development Bank Group has unveiled its first edition of Integrate Africa Magazine (I.A.M.) during a colourful ceremony at the Sofitel Hotel,...
BCEAO grants extra time for payment service providers to get licensed by August 31, 2025 Only licensed firms will be allowed to operate from...
Africa’s cross-border payments market is expected to grow from $329 billion in 2025 to $1 trillion in 2035 Growth is driven by digital...
• Mali secures majority ownership in refinery built with Russia’s Yadran• Facility to process up to 200 tons of gold per year• Project aims to boost local...
• CNPS announces asset growth from $40 million in 2012 to $2 billion in 2025• Nearly half of funds are invested in state bonds, with 35% in...
As international development aid faces growing pressure, the African Development Bank (AfDB) is entering a new era. Yesterday, May 29, Sidi Ould Tah of...
- Mauritanian candidate Sidi Ould Tah won more than 76% of total regional and non-regional votes in the African Development Bank (AfDB) election.- Ould...
• Africa loses over $587 billion annually to capital flight, driven by corruption and illicit flows• External capital inflows totaled...
With the right policies, Africa has the potential to mobilize an additional $1.43 trillion in domestic resources from both tax and non-tax revenue...
African countries' public debt service forecasted to average 137.4% of their annual climate financing needs by 2030, says a report by the Institute for Economic Justice. Despite Africa’s overall...
The African Development Bank Group has unveiled its first edition of Integrate Africa Magazine (I.A.M.) during a colourful ceremony at the Sofitel Hotel,...
NEMA launches relief effort after floods in Mokwa kill about 200 people Floods displace 3,000, damage infrastructure, and devastate local...
• IFC to guarantee 50% of FirstRand’s $100M SME lending program• Focus on women-led and climate-related businesses under 60M rand turnover•...
• Mali secures majority ownership in refinery built with Russia’s Yadran• Facility to process up to 200 tons of gold per year• Project aims to boost local...
Agence Ecofin, widely regarded as the leading French-language source for pan-African economic reporting, is now aiming higher: to become the top economic...
- Bill Gates commits to allocate major part of his $200 billion wealth to support Africa's development initiatives - The funding focus will be on...
NEMA launches relief effort after floods in Mokwa kill about 200 people Floods displace 3,000, damage infrastructure, and devastate local...
• IFC to guarantee 50% of FirstRand’s $100M SME lending program• Focus on women-led and climate-related businesses under 60M rand turnover•...
• Climate-driven displacements in Africa rose 30% to 7.8 million in 2024• East and Central Africa were the most affected sub-regions• Flooding caused over...
Tanzania plans to boost local palm oil production to cut down on imports that meet over half of its edible oil needs. The country seeks technical...
• Aliko Dangote and three other African philanthropists featured in TIME’s 2025 philanthropy list• Collectively, their foundations have committed billions...
Africa Finance Corporation lends about $113 million to Mota-Engil Africa to carry out gold mining projects in Ivory Coast and Mali The funds...
Proptech sector accounts for 33% of total funding, fintech leads in deal volume Government pushes reform and support through Ministerial Group for...
• First net profit since COVID-19 reflects sector recovery• Airlines face high costs, weak margins, and low passenger load factor• Growth outlook strong...
• Libya now holds shares in Afreximbank, enabling access to project financing• Move strengthens Libya’s role in regional infrastructure and trade...
• UBA Group expands asset management arm to Abidjan with UCAMWAL• Subsidiary to offer diversified investment solutions beyond Nigeria• Strategy aims to...
• Solar Panda enters Senegal to supply off-grid households with solar power• Over 350,000 homes in Kenya already equipped with its solar kits• The kits...
• Cape Town’s central rail line resumes service after $73 million in repairs• Line was shut since 2019 due to vandalism and infrastructure decay•...
• EgyptAir orders ten Airbus A350-900 jets as part of a plan to grow its fleet from 70 to 97 aircraft by 2028.• The airline aims to strengthen its...
Feasibility study submitted by CPCS Transcom UK Ltd after April 2025 launch Corridor to link Walvis Bay and Gaborone, covering 1,500...
12 of the 15 countries with blocked airline revenues are in Africa, totaling $846 million Mozambique, Algeria, and Angola top the continent’s...
• Uganda to secure €500M from Afreximbank, Ecobank, and DBSA for infrastructure• Rising domestic costs and limited concessional funding drive...
Uganda aims to expand rail length from 258 km in 2025 to 768 km by 2029 through major investments The five-year plan includes new locomotives,...
Madagascar invests $2.2 million in airport upgrades as part of a broader €23.5 million modernization plan Ivato airport tarmac expansion...
Nigeria to support 50,000 conflict-affected people through agro-business training and aid 2.1 million hectares of farmland are abandoned due to...
Cotton and Cashew Council signs 5-year renewable deal with CMV Plan includes local assembly of equipment, spare parts storage, technician...
• Côte d’Ivoire inaugurates the BMPA in Abidjan with cashews, corn, and kola nuts as initial listings.• The platform replaces over-the-counter trading...
• Egypt is doubling the storage capacity of its main edible oil terminal in Alexandria to 150,000 tons to improve food security.• The move comes amid...
• Madagascar signs $90M deal with Israeli firm LR Group to launch a smart agriculture project.• The plan covers 10,000 hectares across four regions...
French retailer Casino partners with Morocco’s H&S Invest Holding to open 210 Franprix and Monoprix stores by 2035 The move follows a similar...
French agricultural exports to Africa declined by 2% in 2024 to $5.8 billion, a loss of about $114 million Sub-Saharan Africa saw the...
• Burkina Faso is building a CFA6.65 billion ($11.5M) cashew plant in Péni, set for 2025.• The facility will process 5,000 tons annually, producing...
• 150 MW wind farm to deliver clean energy to clients via wheeling agreements• Project investment exceeds ZAR 13 billion with completion set for 2027•...
• Kiaka gold mine in Burkina Faso is set for first gold pour in Q3 2025• U.S., Australian, and U.K. investors hold over 40% of the parent company’s...
Infrastructure and public incentives drive household access to gas Gas strategy aligns with Tinubu’s energy transition and security...
• ASM production reaches 1.9 million ounces, boosting national gold output• Small operators account for 39% of total production, up from 28% in 2023•...
Sonelgaz strengthens national grid ahead of expected summer power demand 1,100 MW added to capacity along with new lines, transformers, and...
• Eastern authorities threaten force majeure over key oil terminals• NOC denies export disruption, but internal divisions raise concerns• Oil output...
• Guinea withdraws 129 exploration permits, including three held by Resolute• Resolute says it received no official notice and may pursue legal action•...
• TotalEnergies divests 12.5% stake in Nigeria’s Bonga field to Shell• Deal aligns with strategy to cut costs and prioritize low-carbon assets• Shell...
With this new investment, Orange Egypt stands poised to lead the country into its 5G era, reshaping digital access and transforming everyday life across...
• Government to install 7,000 towers in poorly connected regions• USPF and local operators to implement the project• Goal is 80% national connectivity by...
• Nearly 90% of Burundians lacked internet access in 2023, per ITU• Government targets 4G coverage in 178 rural divisions, reaching 786,000 people•...
• Apple featured three mobile games by Maliyo Games for Africa Day• Africa’s video game industry earned over $1 billion in revenue in 2024• Games...
• Ghana plans to train one million coders over four years• A new innovation hub is being developed in partnership with the UAE• The project aims to grow...
New draft policy links telecom licenses to local investment commitments Starlink's entry could be easier, though officials deny favoring Elon...
NEWSWIRE
• Fewer than 1.5% of youth in sub-Saharan Africa are enrolled in vocational programs• Employers say graduates lack job-ready skills due to outdated...
“Youth Forward 2025” program launched in partnership with GIBS Targets entrepreneurs aged 18–35 with turnover above R100,000 Initiative...
• CcHub and Mastercard Foundation launch third EdTech Fellowship cohort• 12 startups selected, including 6 led by women, receive up to $100,000...
• Benin is accepting applications for the "Next Impact" program until June 14, offering funding and support to young entrepreneurs.• Selected projects can...
• Nigeria LNG has awarded around $90,000 in grants to 28 young entrepreneurs in Rivers State• The initiative is part of a broader SME-focused scheme...
NEWSWIRE
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Oluwatomisin Kolawole Simplifies Cross-Border Payments
11:49
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Burkina Faso, Senegal Join Africa's Elite in ICT Regulation as Continent Advances (ITU)
11:42
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Togo: Egypt and Bassar Named Guest of Honour for Aného International History Festival
11:40
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Togo Reviews National Strategy for Implementing African Continental Free Trade Agreement
11:36
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Debt Service Strains Africa’s Capacity to Tackle Climate Change
11:31
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Ghana Seeks to Deliver 8mln Tons of Manganese in 2025
11:28
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Togo Looks to China for Digital Trade Growth Strategies
11:10
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UMOA Securities: Togo Issues Treasury Bills to Raise CFA20 Billion
11:03
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Trans-Kalahari Railway Corridor Project Moves to Next Phase
11:03
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Egyptian Start-ups Raise $228mln between Jan and May 2025
10:46
• The African Solidarity Fund has provided CFA225 billion ($390 million) in guarantees to support Ni...
• UBA Group expands asset management arm to Abidjan with UCAMWAL• Subsidiary to offer diversified in...
• The NCC now requires telecom operators to publish details of major service outages.• Operators mus...
• BOAD and JICA sign €200 million loan deal to support West Africa’s growth corridor plan.• Fun...
Located in the vibrant coastal city of Durban, on South Africa’s eastern seaboard, uShaka Marine World is far more than just a theme park. It stands as a...
The Osun-Oshogbo Sacred Grove, located in the city of Oshogbo in southwestern Nigeria, holds significant cultural and religious meaning for the Yoruba...
