Economic information from Africa
foreign-reserves-in-waemu-jump-42-in-2024-to-record-high

Foreign Reserves in WAEMU Jump 42% in 2024 to Record High

• WAEMU’s foreign exchange reserves rose 42% in 2024 to reach CFA13.5 trillion• The jump was driven by stronger export earnings, rising gold prices, and a...
Public Management
25 April 2025
trump-ends-mcc-further-shrinking-u-s-aid-to-africa

Trump Ends MCC, Further Shrinking U.S. Aid to Africa

Trump Ends MCC, Further Shrinking U.S. Aid to Africa

• The Trump administration has decided to close...
Read more |  25 April 2025
Telecom
25 April 2025
mtn-hit-by-cyberattack-urges-vigilance-among-users

MTN Hit by CyberAttack, Urges Vigilance Among Users

MTN Hit by CyberAttack, Urges Vigilance Among Users

This cybersecurity incident involving MTN Group, one of...
Read more |  25 April 2025
Public Management
25 April 2025
trump-ends-mcc-further-shrinking-u-s-aid-to-africa

Trump Ends MCC, Further Shrinking U.S. Aid to Africa

Telecom
25 April 2025
mtn-hit-by-cyberattack-urges-vigilance-among-users

MTN Hit by CyberAttack, Urges Vigilance Among Users

Telecom
25 April 2025
vodafone-business-and-maroc-telecom-partner-to-drive-digital-innovation-in-morocco

Vodafone Business and Maroc Telecom Partner to Drive Digital Innovation in Morocco

Vodafone Business and Maroc Telecom Partner to Drive Digital Innovation in Morocco

As telcos reinvent themselves as tech enablers for businesses, partnerships like this...
Read more |  25 April 2025
Public Management
24 April 2025
cote-d-ivoire-begins-gradual-tariff-cuts-under-african-free-trade-deal

Côte d’Ivoire Begins Gradual Tariff Cuts Under African Free Trade Deal

Côte d’Ivoire Begins Gradual Tariff Cuts Under African Free Trade Deal

• New rule cuts tariffs on 5,516 non-sensitive products over 10 years•...
Read more |  24 April 2025
Telecom
24 April 2025
liberia-telecoms-regulator-announces-disruption-to-internet-service-until-30-april

Liberia: Telecoms Regulator Announces Disruption to Internet Service until 30 April

Liberia: Telecoms Regulator Announces Disruption to Internet Service until 30 April

This intervention demonstrates regulatory foresight by the LTA and highlights the broader...
Read more |  24 April 2025
Mining
24 April 2025
namibia-paladin-hits-745-484-pounds-uranium-record-in-q1-2025

Namibia: Paladin Hits 745,484 Pounds Uranium Record in Q1 2025

Namibia: Paladin Hits 745,484 Pounds Uranium Record in Q1 2025

Paladin Energy restarted uranium production at its Langer Heinrich mine in Namibia...
Read more |  24 April 2025
Mining
24 April 2025
nigeria-races-to-map-700-billion-mineral-wealth

Nigeria Races to Map $700 Billion Mineral Wealth

Nigeria Races to Map $700 Billion Mineral Wealth

The African Union says solid geological data is crucial for mining growth....
Read more |  24 April 2025
Mining
24 April 2025
eurasian-resources-group-denies-claims-about-5b-sale-deal-with-james-cameron

Eurasian Resources Group Denies Claims about $5B Sale Deal with James Cameron

Eurasian Resources Group Denies Claims about $5B Sale Deal with James Cameron

Eurasian Resources Group (ERG), a major mining company operating in Africa, has...
Read more |  24 April 2025
Mining
24 April 2025
drc-alphamin-resources-appoints-new-ceo-to-head-bisie-tin-mine

DRC: Alphamin Resources Appoints New CEO to Head Bisie Tin Mine

DRC: Alphamin Resources Appoints New CEO to Head Bisie Tin Mine

Alphamin Resources resumed mining at its Bisie tin mine in the Democratic...
Read more |  24 April 2025
Telecom
24 April 2025
nilesat-rascom-partner-to-boost-satellite-innovation-across-africa-and-the-middle-east

NILESAT, RASCOM Partner to Boost Satellite Innovation Across Africa and the Middle East

NILESAT, RASCOM Partner to Boost Satellite Innovation Across Africa and the Middle East

Africa is making significant strides in advancing its space technology landscape, marking...
Read more |  24 April 2025
Finance
24 April 2025
eib-invests-60mln-in-leapfrog-to-support-green-tech-in-africa-and-asia

EIB Invests $60mln in LeapFrog to Support Green Tech in Africa and Asia

EIB Invests $60mln in LeapFrog to Support Green Tech in Africa and Asia

• European Investment Bank commits $60 million to LeapFrog Investments to expand access...
Read more |  24 April 2025
Finance
24 April 2025
cote-d-ivoire-raises-cfa454-2bn-in-record-regional-bond-auction

Côte d’Ivoire Raises CFA454.2bn in Record Regional Bond Auction

Côte d’Ivoire Raises CFA454.2bn in Record Regional Bond Auction

• The government raised CFA454.2 billion ($790 million) on April 22 through...
Read more |  24 April 2025
Public Management
24 April 2025
tunisia-and-japan-deepen-economic-ties-with-new-investment-deal

Tunisia and Japan Deepen Economic Ties with New Investment Deal

Tunisia and Japan Deepen Economic Ties with New Investment Deal

• Tunisia and Japan agreed to finalize a new investment deal during...
Read more |  24 April 2025
Telecom
24 April 2025
morocco-targets-25-5g-coverage-by-end-of-2025

Morocco Targets 25% 5G Coverage by End of 2025

Morocco Targets 25% 5G Coverage by End of 2025

• Morocco plans to roll out 5G to a quarter of its...
Read more |  24 April 2025
Mining
23 April 2025
ghana-refining-lithium-locally-a-500m-bet-warns-natural-resource-governance-institute

Ghana: Refining Lithium Locally a $500M Bet, Warns Natural Resource Governance Institute

Ghana: Refining Lithium Locally a $500M Bet, Warns Natural Resource Governance Institute

Ghana’s Ewoyaa lithium mine is poised to produce 3.6 million tonnes of...
Read more |  23 April 2025
Mining
23 April 2025
jp-morgan-predicts-gold-will-top-4-000-by-q2-2026

JP Morgan Predicts Gold Will Top $4,000 by Q2 2026

JP Morgan Predicts Gold Will Top $4,000 by Q2 2026

Gold prices are on track to soar, and African countries like Mali,...
Read more |  23 April 2025
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reddot Finance

5 November 2016

AfDB lends Tunisia €180 million to reduce regional disparities

AfDB lends Tunisia €180 million to reduce regional disparities

The African Development Bank (AfDB) has announced in a statement released on...
Read more |  5 November 2016
21 September 2016

Attijariwafa Bank to build giant tower in Casablanca Finance City

Attijariwafa Bank to build giant tower in Casablanca Finance City

Morocco’s leading bank, Attijariwafa Bank, has announced on September 19 that it...
Read more |  21 September 2016
15 September 2016

ODI says Brexit could cost developing nations about €400m

ODI says Brexit could cost developing nations about €400m

UK’s recent exit from the European Union (Brexit), should impact the economy...
Read more |  15 September 2016
18 July 2016

Nigeria: Inflation spikes to highest in 11 years after naira is floated

Nigeria: Inflation spikes to highest in 11 years after naira is floated

Nigeria’s global inflation rate grew by 16.5% at the end of June,...
Read more |  18 July 2016
31 March 2016

Zambia’s currency appreciates 13% after Glencore approves $1.1 billion project

Zambia’s currency appreciates 13% after Glencore approves $1.1 billion project

Zambia’s currency, the Kwacha, surged 1.3% on Wednesday March 30, 2016 traded...
Read more |  31 March 2016
17 December 2015

Control Risks’ ranking of African countries by political risks

Control Risks’ ranking of African countries by political risks

Only eight African countries have been listed among the countries with low...
Read more |  17 December 2015
17 October 2015

Algeria will build a port linked to main highways to transport goods to Africa

Algeria will build a port linked to main highways to transport goods to Africa

Algerian Prime Minister Abdelmalek Sellal announced, on 14 October, that his country...
Read more |  17 October 2015
14 October 2015

Agricultural Bank of China and a Congolese consortium inaugurate Banque Sino-Congolaise pour l’Afrique

Agricultural Bank of China and a Congolese consortium inaugurate Banque Sino-Congolaise pour l’Afrique

A new banking establishment has just been created in the Republic of...
Read more |  14 October 2015
1 October 2015

Equity Bank gets green light from regulators to buy ProCredit Bank in DR Congo

Equity Bank gets green light from regulators to buy ProCredit Bank in DR Congo

The Kenyan bank group Equity Bank announced, on 30 September, having obtained...
Read more |  1 October 2015

reddot Public Management

20 March 2018

86 million “climate migrants” will come from sub-Saharan Africa by 2050, World Bank indicates

86 million “climate migrants” will come from sub-Saharan Africa by 2050, World Bank indicates

It is estimated that around 143 million persons could become “climate migrants”...
Read more |  20 March 2018
5 March 2018

Burkina Faso generated CFA1,022 billion from mining activities in 2016, the ministry of mines reports

Burkina Faso generated CFA1,022 billion from mining activities in 2016, the ministry of mines reports

In 2016, Burkina Faso obtained mining revenues of CFA1, 022 billion, the...
Read more |  5 March 2018

reddot Agriculture

9 November 2018

Africa agribusiness, a US$1 trillion business by 2030

Africa agribusiness, a US$1 trillion business by 2030

As project sponsors, borrowers, lenders and investors gathered at the Africa Investment...
Read more |  9 November 2018
25 October 2018

Agri-tech can turn African Savannah into global food basket – African Development Bank

Agri-tech can turn African Savannah into global food basket – African Development Bank

The African Development Bank is championing a new regional and global effort...
Read more |  25 October 2018
5 October 2018

Ghana to lose $300 million as a consequence of bearing price drop of cocoa on the international market

Ghana to lose $300 million as a consequence of bearing price drop of cocoa on the international market

In Ghana, keeping the price of cocoa for the 2018/2019 cocoa season...
Read more |  5 October 2018
4 October 2018

Côte d’Ivoire: Cocoa producers generated CFA1,356 billion during 2017/2018 campaign (government)

Côte d’Ivoire: Cocoa producers generated CFA1,356 billion during 2017/2018 campaign (government)

At the end of the 2017/2018 cocoa campaign, Côte d’Ivoire’s cocoa producers...
Read more |  4 October 2018
3 October 2018

Guinea : Cosumar acquires 55% stake in Comaguis

Guinea : Cosumar acquires 55% stake in Comaguis

Yesterday, the Moroccan sugar company Cosumar announced that it acquired a 55%...
Read more |  3 October 2018
2 October 2018

Côte d’Ivoire : Cocoa farm gate price set to CFA750 per kilo for 2018/2019 season

Côte d’Ivoire : Cocoa farm gate price set to CFA750 per kilo for 2018/2019 season

In Côte d’Ivoire, cocoa farm gate price has been set to CFA750...
Read more |  2 October 2018
2 October 2018

Ghana : cocoa freight fees reduced by 9.4%

Ghana : cocoa freight fees reduced by 9.4%

In Ghana, fees for shipping cocoa to Europe will decrease from 39...
Read more |  2 October 2018
31 August 2018

FAO campaigns for “zero hunger” by 2030

FAO campaigns for “zero hunger” by 2030

To fight hunger and malnutrition, the Food and Agriculture Organisation (FAO) is...
Read more |  31 August 2018
29 August 2018

Uganda: Tea exports via Mombasa auction centers grew by 11.6% in 2017

Uganda: Tea exports via Mombasa auction centers grew by 11.6% in 2017

Uganda’s tea exports that transited via Mombasa auction centers grew by 11.6%...
Read more |  29 August 2018

reddot Electricity

13 December 2018
abrec-increases-capital-by-cfa182-million-to-improve-operations

ABREC increases capital by CFA182 million to improve operations

ABREC increases capital by CFA182 million to improve operations

Following deliberations last July 25, the African Biofuel and Renewable Energy Company...
Read more |  13 December 2018
26 October 2018

African Development Bank urges power sector to capitalize on women’s capabilities

African Development Bank urges power sector to capitalize on women’s capabilities

The African Development Bank Group, in partnership with the French Development Agency,...
Read more |  26 October 2018
8 October 2018

Ghana and Burkina Faso inaugurate a 225 kV power line

Ghana and Burkina Faso inaugurate a 225 kV power line

Ghana and Burkina Faso inaugurated the 225 KV power line linking them....
Read more |  8 October 2018
4 October 2018

"Mamane le Gondwanais" plans a renewable energy awareness-raising campaign in Niger

"Mamane le Gondwanais" plans a renewable energy awareness-raising campaign in Niger

Mohamed Mouctari Moustapha Tahi, the humorist from Niger better known as Mamane...
Read more |  4 October 2018
27 September 2018

Tanzania seeks $3.6 billion for 9 energy projects

Tanzania seeks $3.6 billion for 9 energy projects

Tanzania will need $3.611 billion to complete the nine power plants and transmission...
Read more |  27 September 2018
26 September 2018

OPIC backs SET Fund for off-grid solar projects in Africa and Asia

OPIC backs SET Fund for off-grid solar projects in Africa and Asia

The Overseas Private Investment Corporation (OPIC) announced that it provided $25 million to...
Read more |  26 September 2018
12 September 2018

Jacobs Engineering SA commissioned to upgrade electrical infrastructures in Benin

Jacobs Engineering SA commissioned to upgrade electrical infrastructures in Benin

Jacobs Engineering S.A, a Moroccan firm specialized in various sectors like mining,...
Read more |  12 September 2018
28 August 2018

Kenya : Kipeto Wind Energy to build a 100MW wind power plant in Nairobi South

Kenya : Kipeto Wind Energy to build a 100MW wind power plant in Nairobi South

During his visit to the United States of America, the Kenyan president...
Read more |  28 August 2018
22 August 2018

Burkina Faso plans large electrification projects to extend its electricity network

Burkina Faso plans large electrification projects to extend its electricity network

Burkina Faso has just issued a call for tender to select companies...
Read more |  22 August 2018

reddot Mining

20 July 2016

South Africa: Harmony Gold achieves output target for 2016

South Africa: Harmony Gold achieves output target for 2016

South African miner Harmony Gold said it has successfully produced the 1.1...
Read more |  20 July 2016
24 March 2016

Botswana: Botswana Diamonds and Alrosa start exploration in Orapa

Botswana: Botswana Diamonds and Alrosa start exploration in Orapa

AIM-listed Bostwana Diamonds and joint-venture partner Alrosa began exploration at the PL...
Read more |  24 March 2016

reddot Telecom

8 October 2015

Morocco: ANRT orders Maroc Telecom to publish its offer for unbundling before mid-October

29 July 2015

DR Congo: the installation of fiber optic has been “disastrous” according to Thomas Lukaha Losendjola

27 July 2015

Orange group strengthens its position in Méditel capital and takes over control of Board

reddot Comms

5 October 2018

Kenya : Facebook to partner with Africa Check to report fake news

Kenya : Facebook to partner with Africa Check to report fake news

In Kenya, Facebook will soon start reporting fake news published on its...
Read more |  5 October 2018
4 October 2018

“Panafricaines”: 2nd edition to be held in Morocco on October 26-27

“Panafricaines”: 2nd edition to be held in Morocco on October 26-27

On October 26-27, the second edition of Les Panafricaines, the forum of...
Read more |  4 October 2018
3 October 2018

Tunisia: Cinema as a tool for fight against corruption

Tunisia: Cinema as a tool for fight against corruption

From October 29 to November 1, 2018, Tunis, Tunisia’s capital will host...
Read more |  3 October 2018
1 October 2018

Rwanda: Caricaturing officials is now a punishable offense

Rwanda: Caricaturing officials is now a punishable offense

Last September 27, Rwanda’s parliament passed a law punishing the caricaturing of...
Read more |  1 October 2018
26 September 2018

Tunisia: 2 residents out of 3 have no faith in the media (Barr Al Aman)

Tunisia: 2 residents out of 3 have no faith in the media (Barr Al Aman)

In Tunisia, 2 people out of 3 have little or no confidence...
Read more |  26 September 2018
24 September 2018

Côte d’Ivoire: Disney and UniFrance organize the first edition of Festival Afrique Junior

Côte d’Ivoire: Disney and UniFrance organize the first edition of Festival Afrique Junior

On October 2-6, The Walt Disney Company and UniFrance, an institution that promotes...
Read more |  24 September 2018
21 September 2018

Reuters launches an Africa-focused video service

Reuters launches an Africa-focused video service

Reuters just extended its video offers aimed at Africans by launching Africa...
Read more |  21 September 2018
13 September 2018

10 countries are expected to attend Abidjan for the FEJA, the biggest eSport and video game event powered by Paradise Game

10 countries are expected to attend Abidjan for the FEJA, the biggest eSport and video game event powered by Paradise Game

From November 23-25th Abidjan will host the second year the Electronic and...
Read more |  13 September 2018
4 September 2018

Senegal: Start Network launches insurance policy to cover drought-related risks

Senegal: Start Network launches insurance policy to cover drought-related risks

Start Network, a global network of forty national and international humanitarian organizations,...
Read more |  4 September 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.

foreign-reserves-in-waemu-jump-42-in-2024-to-record-high

Foreign Reserves in WAEMU Jump 42% in 2024 to Record High

• WAEMU’s foreign exchange reserves rose 42% in 2024 to reach CFA13.5 trillion• The jump was driven by stronger export earnings, rising gold prices, and a...
Public Management
25 April 2025
trump-ends-mcc-further-shrinking-u-s-aid-to-africa

Trump Ends MCC, Further Shrinking U.S. Aid to Africa

Trump Ends MCC, Further Shrinking U.S. Aid to Africa

• The Trump administration has decided to close...
Read more |  25 April 2025
Telecom
25 April 2025
mtn-hit-by-cyberattack-urges-vigilance-among-users

MTN Hit by CyberAttack, Urges Vigilance Among Users

MTN Hit by CyberAttack, Urges Vigilance Among Users

This cybersecurity incident involving MTN Group, one of...
Read more |  25 April 2025
Telecom
25 April 2025
vodafone-business-and-maroc-telecom-partner-to-drive-digital-innovation-in-morocco

Vodafone Business and Maroc Telecom Partner to Drive Digital Innovation in Morocco

Vodafone Business and Maroc Telecom Partner to Drive Digital Innovation in Morocco

As telcos reinvent themselves as tech enablers for businesses, partnerships like this...
Read more |  25 April 2025
Public Management
24 April 2025
cote-d-ivoire-begins-gradual-tariff-cuts-under-african-free-trade-deal

Côte d’Ivoire Begins Gradual Tariff Cuts Under African Free Trade Deal

Côte d’Ivoire Begins Gradual Tariff Cuts Under African Free Trade Deal

• New rule cuts tariffs on 5,516 non-sensitive products over 10 years•...
Read more |  24 April 2025
Telecom
24 April 2025
liberia-telecoms-regulator-announces-disruption-to-internet-service-until-30-april

Liberia: Telecoms Regulator Announces Disruption to Internet Service until 30 April

Liberia: Telecoms Regulator Announces Disruption to Internet Service until 30 April

This intervention demonstrates regulatory foresight by the LTA and highlights the broader...
Read more |  24 April 2025
Mining
24 April 2025
namibia-paladin-hits-745-484-pounds-uranium-record-in-q1-2025

Namibia: Paladin Hits 745,484 Pounds Uranium Record in Q1 2025

Namibia: Paladin Hits 745,484 Pounds Uranium Record in Q1 2025

Paladin Energy restarted uranium production at its Langer Heinrich mine in Namibia...
Read more |  24 April 2025
Mining
24 April 2025
nigeria-races-to-map-700-billion-mineral-wealth

Nigeria Races to Map $700 Billion Mineral Wealth

Nigeria Races to Map $700 Billion Mineral Wealth

The African Union says solid geological data is crucial for mining growth....
Read more |  24 April 2025
Mining
24 April 2025
eurasian-resources-group-denies-claims-about-5b-sale-deal-with-james-cameron

Eurasian Resources Group Denies Claims about $5B Sale Deal with James Cameron

Eurasian Resources Group Denies Claims about $5B Sale Deal with James Cameron

Eurasian Resources Group (ERG), a major mining company operating in Africa, has...
Read more |  24 April 2025
Mining
24 April 2025
drc-alphamin-resources-appoints-new-ceo-to-head-bisie-tin-mine

DRC: Alphamin Resources Appoints New CEO to Head Bisie Tin Mine

DRC: Alphamin Resources Appoints New CEO to Head Bisie Tin Mine

Alphamin Resources resumed mining at its Bisie tin mine in the Democratic...
Read more |  24 April 2025
Telecom
24 April 2025
nilesat-rascom-partner-to-boost-satellite-innovation-across-africa-and-the-middle-east

NILESAT, RASCOM Partner to Boost Satellite Innovation Across Africa and the Middle East

NILESAT, RASCOM Partner to Boost Satellite Innovation Across Africa and the Middle East

Africa is making significant strides in advancing its space technology landscape, marking...
Read more |  24 April 2025
Finance
24 April 2025
eib-invests-60mln-in-leapfrog-to-support-green-tech-in-africa-and-asia

EIB Invests $60mln in LeapFrog to Support Green Tech in Africa and Asia

EIB Invests $60mln in LeapFrog to Support Green Tech in Africa and Asia

• European Investment Bank commits $60 million to LeapFrog Investments to expand access...
Read more |  24 April 2025
Finance
24 April 2025
cote-d-ivoire-raises-cfa454-2bn-in-record-regional-bond-auction

Côte d’Ivoire Raises CFA454.2bn in Record Regional Bond Auction

Côte d’Ivoire Raises CFA454.2bn in Record Regional Bond Auction

• The government raised CFA454.2 billion ($790 million) on April 22 through...
Read more |  24 April 2025
Public Management
24 April 2025
tunisia-and-japan-deepen-economic-ties-with-new-investment-deal

Tunisia and Japan Deepen Economic Ties with New Investment Deal

Tunisia and Japan Deepen Economic Ties with New Investment Deal

• Tunisia and Japan agreed to finalize a new investment deal during...
Read more |  24 April 2025
Telecom
24 April 2025
morocco-targets-25-5g-coverage-by-end-of-2025

Morocco Targets 25% 5G Coverage by End of 2025

Morocco Targets 25% 5G Coverage by End of 2025

• Morocco plans to roll out 5G to a quarter of its...
Read more |  24 April 2025
Mining
23 April 2025
ghana-refining-lithium-locally-a-500m-bet-warns-natural-resource-governance-institute

Ghana: Refining Lithium Locally a $500M Bet, Warns Natural Resource Governance Institute

Ghana: Refining Lithium Locally a $500M Bet, Warns Natural Resource Governance Institute

Ghana’s Ewoyaa lithium mine is poised to produce 3.6 million tonnes of...
Read more |  23 April 2025
Mining
23 April 2025
jp-morgan-predicts-gold-will-top-4-000-by-q2-2026

JP Morgan Predicts Gold Will Top $4,000 by Q2 2026

JP Morgan Predicts Gold Will Top $4,000 by Q2 2026

Gold prices are on track to soar, and African countries like Mali,...
Read more |  23 April 2025
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