ECONOMY

BGFIBank Côte d’Ivoire has obtained the IFACI Quality Certification for its Internal Audit Department. This distinction follows an assessment conducted according to the requirements of the Professional Framework for Internal Audit (RPAI) 2025. The certification was presented during a ceremony…

Eswatini launched the construction of a 10 MW solar photovoltaic power plant in Nsoko on August 6, as part of its program to increase national electricity production. Developed by the independent producer InnoVent, the project represents an investment of around…

Guinea signed an agreement with the International Monetary Fund (IMF) on August 10 for potential funding of $425 million. The program still needs to be approved by the institution’s board of directors, with the review expected in September. This agreement…

The Canadian group Montage Gold has secured a loan of $75 million to fund the development of the Didiévi gold project in Côte d’Ivoire. This operation comes a few months after finalizing the acquisition of African Gold and confirms the…

The Loulo-Gounkoto gold complex in Mali is ramping up its activities after a largely extended suspension in 2025. Its operator, the Canadian group Barrick Mining, reported an attributable production of 152,000 gold ounces in the first half of 2026, aiming…

Kenya could record a deficit of around 486,000 tonnes of maize by the end of September 2026, according to the Cabinet Secretary for Agriculture, Mutahi Kagwe. This projection corresponds to 5.4 million 90-kilogram bags and highlights the growing pressure on…

Japan has granted Nigeria a subsidy of approximately 587 million yen, or 3.7 million dollars, to improve the production and availability of certified rice seeds. The project aims to help increase agricultural yields as the country still imports nearly 30%…

Guinea and the International Monetary Fund (IMF) services have reached a preliminary agreement for a new economic and financial program supported by the Extended Fund Facility. The arrangement could mobilize about 425 million dollars, pending approval by the institution’s board…

The revenues from the Lumwana copper mine in Zambia increased by 32.1% in the first half of 2026, reaching $852 million compared to $645 million a year earlier. This rise comes as copper prices boost the site’s earnings, operated by…

The Chinese group Jasan Group plans to invest $117 million in a complex dedicated to textiles and clothing in Egypt. Located in the Qantara West industrial zone, within the Suez Canal Economic Zone, the project is expected to create 6,000…

The Kangankunde project, led in Malawi by the Australian company Lindian Resources, is part of the race to secure supplies of rare earth elements. The company claims to be generating increasing interest from several Western markets for an integrated supply…

The Canadian group Fortuna Mining has announced the acquisition of the Bambadji gold exploration project in Senegal for 200 million dollars. Located near Diamba Sud, another project owned by the company, the asset is set to strengthen the group’s presence…

Burkina Faso is accelerating the development of its thermal capacities to meet the rising demand for electricity and reduce its dependence on imports. The Bobo 2 power plant, which started operation on August 7 in Bobo-Dioulasso, is one of the…

A World Bank report highlights the growing gap between the education of young Moroccans and the jobs they hold. Among higher education graduates aged 25 to 34, 43% work in a position for which the qualification level is lower than…

The BRICS countries are exploring the possibility of connecting their national instant payment systems as well as their central bank digital currencies. Still in a preliminary stage, the project aims to accelerate cross-border transactions, reduce their costs, and further facilitate…

The Sudanese government announced on August 8 the establishment of Nazaha, a national digital system dedicated to public procurement and contract awarding. The tool aims to digitize procedures, improve transparency, and promote fairer competition among businesses. The launch was announced…

Chad has obtained a financing facility of 110 million euros, or about 127 million dollars, from Afreximbank. The funds are intended to support infrastructure aimed at facilitating trade and reducing the Chadian economy’s dependence on oil revenues. The African Import-Export…

Senegal imported 982,106 tons of wheat in 2025, according to data from the National Agency for Statistics and Demography (ANSD). The volume is close to the million-ton threshold, in a context marked by increasing consumption and the development of processing…

The SA-H2 Fund has secured an initial funding of 3 billion rand, or about 185 million dollars, to support the development of green hydrogen projects and its derivatives in South Africa. Managed by Climate Fund Managers, the vehicle aims for…

The Democratic Republic of the Congo is launching a first phase of its universal connectivity program with the deployment of mobile networks in 40 rural and peri-urban areas. Four operators are set to receive support from the Universal Service Development…

Malawi has launched a 10 MW solar power plant in Nanjoka, located in the Salima district. Developed by the public company Electricity Generation Company Malawi (EGENCO), this installation represents the first phase of a project aiming to reach 50 MW…

East Africa is multiplying projects aimed at better leveraging its oil resources and limiting its dependence on imports of refined products. Between Tanga in Tanzania, Lamu in Kenya, and Hoima in Uganda, several energy corridors are emerging that could redefine…

Senegal exported 22,441 tons of crude peanut oil in 2025, its highest level in six years. This increase comes as authorities seek to strengthen local processing of peanuts and enhance the added value generated by the sector. According to data…

The future gold mine at Dokwe, led by Ariana Resources in Zimbabwe, could produce its first bars in 2028. However, the project must pass through several pre-development stages before industrial work can commence. Ariana Resources aims for the first gold…

The Nigerian company Creativo El Matador, specialized in the processing of agricultural products, has opened an office in Paris and plans to build a warehouse and a factory near Marseille. The company aims to bring African supply chains closer to…

The Fekola gold complex, operated by the Canadian B2Gold, recorded a strong increase in its production in Mali in 2025, with 530,769 ounces extracted, marking a 35% rise. However, the group expects a decline in production in 2026, following a…

Nigerian telecom operators are calling for greater regulatory and economic stability to maintain their investments. Gathered within the Association of Licensed Telecoms Operators of Nigeria (ALTON), they highlight the rising operating costs, vandalism of infrastructure, and the complexity of administrative…

The United States Senate voted on Friday, August 7, in favor of extending the African Growth and Opportunity Act (Agoa) until December 2028. The mechanism allows 32 African countries to export certain products to the U.S. market duty-free, but its…

Aliko Dangote plans to start construction of an oil refinery in Lamu, on the Kenyan coast, in October 2026. The estimated cost of the project has been revised downwards from about 17 to 16 billion dollars, with an announced capacity…

The Australian junior miner WIA Gold estimates that $475 million is needed to finance the construction of the future Kokoseb gold mine in Namibia. According to its definitive feasibility study published on August 10, the project could begin production in…