The Trump administration's decision to suspend American aid to foreign countries for 90 days has caught many African governments off guard. In the West African Economic and Monetary Union (WAEMU), where USAID plays a crucial role in financing infrastructure, health, and humanitarian programs, the impact of this decision is expected to have a harsh impact. Sahel: A Sudden Halt to Humanitarian...

This initiative aims to bridge the funding gap holding these businesses back, giving them the resources to grow and fully contribute to the country’s economic expansion. Senegal is launching a major financial initiative to support small and medium-sized businesses (SMEs and SMIs) struggling with limited access to funding. A coalition of economic players, led by the Agency for the Development...

Morocco is working on a new mining code. According to the Fraser Institute, the country, already recognized as one of Africa's most attractive mining jurisdictions, has significant copper, cobalt, and phosphate reserves. Mining contributes between 8% and 10% of Morocco's GDP, as reported by ONHYM. Moroccan authorities recently launched public consultations to draw a draft bill to amend the...

With over 100 million tonnes of ore reserves, the Minim Martap project is poised to become Cameroon's first bauxite mine. The project's owner, Canyon Resources, plans to use the existing rail infrastructure to move the mine’s output Canyon Resources secured the Cameroonian government’s approval for the location of its inland rail facility. In a press release dated February 4, 2025, the...

Africa houses around 30% of critical minerals, essential for the energy transition. However, the continent attracts only 3% of global energy investment, while it requires over $200 billion annually to meet its energy-related targets by 2030, according to the International Energy Agency (IEA). In response to this challenge, the African Development Bank (AfDB) plans to introduce a new...

This is the holding company's first venture into the West African regional financial market. The successful fundraising, a sign of investor confidence, will help drive its growth and expand its strategic investments. Burkinabé businessman Idrissa Nassa’s Coris Invest Group announced on February 4 it has successfully raised CFA20 billion ($31.6 million) through a private bond placement. This...

The report stresses that now more than ever, African countries need to bridge the infrastructure gap, drive structural economic transformation, and establish effective mechanisms to identify and remove non-tariff barriers to strengthen regional value chains. While nearly all African countries back the African Continental Free Trade Area (AfCFTA), the process of economic integration remains...

Strengthening cybersecurity in Africa is becoming a top priority as cyber threats continue to rise. Countries across the continent must work together to protect critical infrastructure and support digital development, which is key to economic growth and regional stability. Morocco is calling for closer collaboration among African nations to strengthen cybersecurity. Abdellatif Loudiyi, Minister...

U.S. development aid is facing an uncertain future. At the center of the storm is USAID, a key player in global assistance programs, now at risk of being dismantled. The stakes are high, especially for Africa. The United States is considering shutting down the U.S. Agency for International Development (USAID), according to a Feb. 3 statement by Elon Musk, who oversees government efficiency in...

In March 2024, Moody’s upgraded Côte d’Ivoire’s credit rating to Ba2, making it the second-highest rated economy in sub-Saharan Africa, alongside South Africa. Despite the challenges of the upcoming election, Fitch believes the country will remain stable, backed by strong growth and ongoing reforms. Fitch Ratings reaffirmed Côte d’Ivoire’s BB- credit rating with a stable outlook,...