This decline stands in sharp contrast to the average share of funding received by the sector between 2017 and 2023. Africa, however, remains a land of opportunity, especially as investment banks become increasingly saturated and commercial banks are squeezed by new risk regulations. Private equity investments in infrastructure across Africa saw a decline in 2024, falling to 38% of the total...

Tax cuts, budget cuts, and overhauls in taxation and energy policies—John Mahama’s government is on a mission to restore financial stability in a heavily indebted country relying on IMF support, grappling with slowing growth and soaring inflation. Elected in December 2024 on a promise to fix Ghana’s struggling economy, President John Mahama is taking drastic measures to get the country’s...

The Democratic Republic of Congo is actively engaged on multiple fronts in response to ongoing rebel attacks in the eastern region. Despite recent discussions about a potential minerals deal with the United States in exchange for military support, Kinshasa has yet to issue an official statement on the matter. Two weeks after initial press reports, details about a potential minerals agreement...

Barrick's Loulo-Gounkoto mine, which supplied 15% of its gold in 2024, has been shut down since January 2025 due to a long-standing dispute with Mali's government. The company is racing to resolve the issue, which began in 2023. Barrick Gold's decision to halt operations at its Loulo-Gounkoto mine in Mali last January may cost the company its title as the world's second-largest gold producer in...

Africa Global Logistics (AGL) announces the signing by its subsidiary Congo Terminal of a financing agreement of 150,880,000,000 CFA francs (equivalent to 230,000,000 euros) for the extension of the Container Terminal of the Autonomous Port of Pointe Noire (PAPN). This achievement was made possible thanks to a bank round led by Crédit du Congo and Attijariwafa Bank as arrangers, and composed...

Competition is nothing new on Benin's internet market, but the potential arrival of another player signals an aggressive rivalry that will benefit consumers and contribute to the growth of digital services in the country. Canal Box, the internet service offering from Vivendi, known for its aggressive pricing in other African markets, is set to launch in Benin. Although there’s been no official...

When Bola Tinubu came to power in 2023, he promised to strengthen transparency and intensify the fight against embezzlement, but the challenges remain significant in a country considered one of the most exposed to corruption in the world, where cash and the informal sector still dominate. Nigeria’s Economic and Financial Crimes Commission (EFCC) recovered nearly $500 million in stolen...

While the arms race between Algeria and Morocco appears to be slowing down, leading to a 44% drop in overall arms imports across the continent, worsening security conditions in West Africa have driven a sharp increase in major weapons purchases by countries in the region. Russia and China were Africa’s top arms suppliers between 2020 and 2024, accounting for 39% of the continent’s total arms...

These investments will be spread across 13 African countries, including Benin, Cameroon, Congo, Côte d’Ivoire, Eswatini, Ghana, Liberia, Nigeria, Rwanda, South Africa, South Sudan, Uganda, and Zambia. South African MTN Group announced plans to expand its footprint on the continent with a $10 billion investment by 2030. The International Telecommunication Union (ITU), which relayed the...

With AI and coding becoming essential drivers of innovation and economic growth, this collaboration between MTN and the Ghanaian government is a significant step toward technological advancement. MTN Group has signed an agreement with the Ghanaian government to support the country’s One Million Coders Program, an initiative aimed at equipping young Ghanaians with artificial intelligence,...