ECONOMY

Kenya says it is ready to increase its maize purchases from Uganda, provided that the shipments strictly comply with drying and aflatoxin control standards. The two countries want to take advantage of the AfCFTA to streamline their agricultural trade.

The General Directorate of Taxes (DGI) is taking a tougher stance on tax compliance. In an official statement, the institution reminds that pursuant to articles 132 point d) and 135 of the General Tax Code (CGI), individuals not listed in…

The Beninese banking sector continues its upward trajectory. According to the 2025 annual report of the Banking Commission of the West African Monetary Union (UMOA), Benin has a

Since mid-August 2026, major fuel price gaps have been observed across the eight countries of the West African Economic and Monetary Union (WAEMU). The price of petrol has now reached 990 CFA francs per litre in Senegal, the highest in…

The president of the Court of Auditors, Ismath Bio Tchané Mamadou, took the oath this Thursday, May 7, 2026 at the Palais de la Marina, for a second five-year term. The ceremony, presided over by the head of state Patrice…

The Central Bank of West African States (BCEAO) is sounding the alarm. In response to the spread of a viral video on social media reporting the presence of presumed counterfeit bills, particularly in money transfer points, the issuing institute of…

Six African countries meet the minimum budget transparency requirements of the U.S. State Department, according to its 2026 report published on August 11. Among the African governments that remain below this threshold, nine made significant progress during the examined period…

Africa captures less than 10% of the global market value for most tree-derived products it supplies, according to a report by Landscape Alliance announced on August 7, 2026, in Nairobi. The organization, which brings together the Center for International Forestry…

Since August 2013, artists based in Senegal can, provided they meet YouTube’s criteria, join its Partner Program and earn a share of the advertising revenues generated by their videos. This access makes the country an exception in French-speaking sub-Saharan Africa,…

Libya needs $30 to $40 billion in funding to develop more than 60 already discovered oil and gas fields, said the president of the National Oil Corporation (NOC), Masoud Suleiman, in an interview with the Financial Times published on August…

The Parliament of Botswana adopted in July 2026 an amendment to the industrial development law to facilitate the implementation of the legal cannabis industry. The measure concerns exclusively medical, scientific, research, and industrial uses, and does not legalize recreational consumption.…

The Nigerian Federal Executive Council approved five road construction and rehabilitation contracts totaling 437.22 billion naira, nearly 438 billion, on Wednesday, August 19, in Abuja. The Minister of State for Works, Bello Muhammad Goronyo, presented these decisions following a meeting…

Equity Group published on Wednesday, August 19, a net profit of 45.52 billion Kenyan shillings for the first half of 2026, up 32% year-on-year. The banking group had reported a profit of 34.63 billion shillings in the first six months…

Residents of N’Djamena say they are still experiencing long power cuts nearly four weeks after the fire on July 26, 2026, at the Farcha 1 power plant. The disaster has reduced the capital’s supply capacity and affects households as well…

The Norwegian group Equinor announced on Tuesday, August 18, 2026, the acquisition from a subsidiary of Chevron of a 17.4% stake in the offshore oil license PEL 90, off the coast of Namibia. This operation marks Equinor’s entry into the…

The annual inflation in South Africa slowed to 4.3% in July 2026, down from 5% in June, according to data released on Wednesday, August 19, by Statistics South Africa. This decrease brings the price increase closer to the target range…

Based in Nairobi and launched in Kenya in 2012, the music platform Mdundo relies on telecom operators to distribute African tracks and compensate their rights holders in markets where bank cards and stable connections remain unevenly accessible. In its annual…

Liberian President Joseph Boakai enacted a reform in mid-August 2026 that puts an end to the centralized operational management of ports by the National Port Authority (NPA), according to several Liberian media sources. The texts grant more autonomy to the…

In 2026, Africa is strengthening its position in the global lithium supply as prices remain volatile. The start of production or the ramp-up of projects on the continent is expanding supply, but the data available as of August 19 does…

In Tunisia, the National Railway Company of Tunisia (SNCFT) launched a call for applications on August 17, 2026, to pre-select consulting firms tasked with examining the feasibility of a high-performance North-South railway corridor. This step aims to clarify the technical…

The Ugandan government requested Parliament, on August 6, 2026, in Kampala, permission to borrow up to €207.77 million from Citibank and other financial institutions to upgrade 137 kilometers of roads in the eastern part of the country, a project aimed…

The modernization works of the one-stop border post at Ressano Garcia, in the Mozambican province of Maputo, officially began on August 17 with the laying of the foundation stone. The project, estimated at around 980 million meticals, or 15.3 million…

Ninety One announced the final close of its third Africa Credit Opportunities fund at $404 million in commitments, including leverage. This operation takes place amidst macroeconomic uncertainties, geopolitical tensions, and trade disputes, but confirms the interest of institutional investors in…

Airtel Africa announced the commercial launch of “Starlink Mobile” in the Democratic Republic of the Congo. The service is designed to allow users with a compatible smartphone to stay connected in areas not covered by terrestrial mobile networks, without the…

The European Bank for Reconstruction and Development (EBRD) plans to mobilize $192 million for a 900 megawatt (MW) wind project in Egypt. The initiative aligns with the country’s strategy to accelerate the development of renewable energy and attract more private…

The rise in international oil prices is leading to another increase in fuel prices in Senegal. Super gasoline is now sold at 990 FCFA per liter, up from 920 FCFA previously, while diesel is also subjected to an adjustment. The…

The tanker Ottoman Sincerity set sail on August 14, 2026, from the maritime terminal of Sèmè-Kpodji with one million barrels of Nigerian crude oil of “Meleck” quality on board. Sold by the Nigerien Oil Company (Sonidep) to the Algerian group…

The Tunisian economy continued to progress in the second quarter of 2026, but at a slower pace than at the beginning of the year. The gross domestic product (GDP) grew by 2.3% year-on-year, notably supported by agriculture and services, while…

Niger plans to build a refinery with a capacity of 100,000 barrels per day, as well as a petrochemical complex, as part of an agreement with the Canadian group Zimar Inc. The announced investment amounts to $1.9 billion, but the…

The ECOWAS Investment and Development Bank (BIDC) sees its long-term issuer rating upgraded from “B2” to “B1” by Moody’s. The agency maintained a stable outlook, a decision that the regional bank presents as recognition of the improvement in its financial…