In Senegal, fishing supplies nearly all of the country’s seafood products. Illegal catches off the Senegalese coast put extra pressure on fish stocks and make cooperation with strategic partners more difficult. The European Union (EU) has decided not to renew its fishing agreement with Senegal, a five-year protocol that started in 2019 and is set to expire on November 17, 2024. This decision,...

South Africa’s official unemployment rate dropped by 1.4 percentage points, from 33.5% in Q2 to 32.1% in Q3 2024. According to the Quarterly Labor Force Survey (QLFS) from the national statistics agency, Stats SA, the number of unemployed individuals decreased by 373,000, bringing the total down to 8 million. Among young people, the number of unemployed fell by 171,000, reaching 4.8...

The establishment of Internet Exchange Points across African countries is a significant milestone for the continent’s digital landscape. It will help address the region’s growing connectivity demands and foster economic growth by supporting local internet traffic and lowering dependency on international routes. The London Internet Exchange (LINX) announced, on November 11, an expansion of...

Internet Exchange Points (IXPs) play a crucial role by keeping internet traffic local, reducing latency, speeding up access, and lowering user costs. Previously, much of Africa's internet traffic traveled across continents, leading to slower speeds and higher costs compared to other regions like Europe. NAPAfrica, Africa’s premier Internet Exchange Point (IXP), has surpassed 4.5Tbps in...

AngloGold Ashanti operates many major gold mines in Africa, including the Obuasi and Iduapriem mines in Ghana, Siguiri in Guinea, and Geita in Tanzania. It also holds shares in the Kibali mine in the Democratic Republic of Congo (DRC). These operations are projected to account for approximately 60% of the Group's gold production, estimated between 75 and 80 tonnes for 2024. In the first nine...

Four employees from Barrick Gold, a Canadian mining company, were detained in Mali in September 2024 amid accusations from the government regarding financial misconduct by mining firms. Mali is aiming to recover approximately CFA600 billion  (around $980 million) in lost revenue. On November 10, Resolute Mining, an Australian company, confirmed the arrest of its CEO Terence Holohan,...

Sabodala-Massawa and Mako are the two industrial gold mines currently active in Senegal. The mines are managed by Endeavour Mining and Resolute Mining. Enthralled by the global spike in gold prices, various companies are considering developing a third mine in the country. Thor Explorations plans to finalize the pre-feasibility study and update its mineral resource estimate for the Douta gold...

Valued at $700 billion, Nigeria's mineral resources include iron, lithium, gold, and coal. To tap into this potential, the country launched several reforms in its mining sector, which currently contributes less than 1% to GDP.  From November 6 to 9, 2024, the Nigerian Embassy in South Africa hosted the inaugural Nigerian Mining Investment Forum. During the event, Nigerian Minister of...

Expanding broadband access in Africa is critical for several reasons, especially given the existing digital divide that hinders economic and social development in underserved communities.  Internet service provider Fibertime has signed a partnership with Nokia to bring affordable broadband access to underserved communities in South Africa. Through this collaboration, announced on November...

The Emerging Africa & Asia Infrastructure Fund (EAAIF) and the Dutch entrepreneurial development bank (FMO) acting as Co-Mandated Lead Arrangers, alongside Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), have announced today a EUR 84 million investment in two photovoltaic solar plants with battery storage systems operated by AXIAN Energy in the southern Senegalese region of Kolda....