News

President Paul Biya of Cameroon signed yesterday a decree authorizing Finance Minister Louis Paul Motazé to borrow CFA930 billion from both domestic and international capital markets. CFA350 billion ...
Ghana inaugurates a $3.5 million fertiliser blending plant in Greater Accra with 385,000 tonnes annual capacity. • The plant aims to reduce Ghana’s heavy fertiliser imports, especially NPK, which ...
Uganda inaugurates its first large-scale gold mine, the $250 million Wagagai project. • Wagagai expects to produce 1.2 tonnes of gold annually, vastly surpassing Uganda’s 2023 total output. • The gold ...
Africa’s young population of 426 million struggles with lack of practical skills, blocking their entry into the workforce. • Vocational training and apprenticeships remain limited, with glaring ...
GoviEx, Tombador merge to form uranium-focused Atomic Eagle • Deal brings ASX listing, up to $15.8M in funding • New leadership to advance Zambia's Muntanga uranium project GoviEx Uranium is ...
Egypt approves launch of first fully digital bank, Onebank • Aims to boost financial inclusion for unbanked population • Operations to start in 2026, pending final inspection The Central Bank of Egypt ...
G seen as key to handling Africa’s data surge • 5G promises high-speed data, but rural access still lags • Cost, infrastructure, and device prices hinder mass adoption Morocco has announced an ...
The government set a minimum farm gate price for shea nuts at CFA250 CFA ($0.44) per kilogram. • The government suspended raw shea nut exports to boost local processing. • Over 152,000 women in Ivory ...
Africa’s private equity market is shifting as exits increasingly involve sales between funds rather than IPOs or strategic buyers. • Q2 2025 saw 147 transactions, with mega deals rebounding, but ...
Algeria and Occidental Petroleum signed study agreements on El Ouabed and Dahar. • The studies will assess hydrocarbon potential before any direct exploitation. • Hydrocarbons account for 83% of ...
Tanzania and Burundi begin construction of a $2.15 billion cross-border railway. • The 240 km line will cut Dar es Salaam–Bujumbura cargo trips from 96 to 20 hours. • Project seen as strategic for ...
Africa50 closed $118m for a green project fund to de-risk early-stage climate infrastructure in Africa. • The fund targets $400m to build bankable renewable, transport, ICT and water projects across ...