ECONOMY

The Benin Deal Room 2026 brings together investors and project leaders in Cotonou until September 18, featuring over 20 government-supported operations with financing needs of $2 to $3 billion.

Global Infrastructure Partners, part of the BlackRock group, will invest $1.8 billion in a partnership concerning TotalEnergies' oil and gas infrastructure in Africa. GIP's compensation will depend on the volumes transported through these assets over a maximum period of fifteen…

The Presidency of Benin is initiating a pre-selection of firms for internal audits, external audits, and investigations within public entities and local governments. Submissions are due by October 9, 2026, at 5:30 pm.

Allied Gold has connected the Kurmuk mine to the Ethiopian power grid and processed its first ore through the crushing circuit. The company expects to achieve its first gold production in the coming weeks.

Aliko Dangote plans to launch a pipeline network of 2,620 to 2,650 kilometers in October, connecting Namibia to several Southern African markets, including the DRC, centered around a future oil terminal at Walvis Bay.

An ICC arbitration tribunal in Paris has dismissed a request from Sunrise Power to compel Nigeria to pay $400 million in the Mambilla case. The company and its promoter will also bear most of the procedural costs.

Konkola Copper Mines has relaunched its Nchanga smelter after 106 days of shutdown and $40 million in rehabilitation. The first copper anode has been cast, marking the facility's return to production.

Ghana is launching a first phase targeting 100,000 tonnes of tomatoes in 2026-2027. The program aims to reduce an annual bill of over $400 million for imports of fresh tomatoes and paste while supporting more than 150,000 jobs.

The influx of investors into Dangote Petroleum Refinery's $1.6 billion IPO has caused disruptions across several digital platforms in Nigeria. Bamboo reported a tenfold increase in traffic within thirty minutes.

Taxpayers associated with the Small Business Tax Centers in Parakou, Comè, and Lokossa will gradually access the DGI's e-services platform starting September 21, 2026.

The IFAD has approved approximately $55 million in additional funding for the Kenyan livestock commercialization program. The expansion aims to increase its support to around 150,000 rural households.

Dakar aims to increase the share of gas produced in Senegal for electricity generation to reduce costs. The government targets a 30% reduction in the price of electricity per kilowatt-hour by 2030.

Morocco and the African Development Bank have signed two loans of €205 million and €200 million to extend high-speed rail on the Kenitra-Marrakech axis and to fund Cap Compétences 2030.

Club Med's first South African resort, officially inaugurated on Thursday in KwaZulu-Natal, represents an investment of over 2 billion rand. The complex has created 600 direct permanent jobs and supports 1,500 indirect jobs, according to the South African presidency.

The U.S. DFC has approved a debt facility of up to $414.2 million for Global Atomic's Dasa project in Niger. No disbursement has yet been secured, as the agreement remains subject to several conditions.

The partnership with Zimasco revitalizes Zimbabwe's rail capacity for minerals. NRZ is also negotiating $115 million with Afreximbank to expand and rehabilitate its fleet.

Petrobras has signed eight production-sharing contracts with the Ivorian government and Petroci. The Brazilian group will operate each block with a 90% stake, while the national company will hold 10%.

The total market capitalization of the Dar es Salaam Stock Exchange closed at 40,607.57 billion shillings on September 11, a historic high. Banks contributed significantly to the growth observed since the start of the year.

The Kampala Storage Terminal will increase the storage capacity at the new site in Mpigi to 320 million liters. The nearly $310 million project is being developed by the Uganda National Oil Company.

Uganda Railways Corporation has transported 1,840 tonnes of steel plates from Mombasa to Tororo for the construction of the Devki steel factory. The $500 million site aims for an annual capacity of one million tonnes of steel.

EXMAR will lease a 152,000 m³ floating storage and regasification unit to CI-Energies and Petroci for ten years at the port of Abidjan. The first LNG imports are scheduled for the third quarter of 2027.

Ships that have docked at Nigerian ports are no longer subject to the additional measures imposed by the U.S. since 2014. Washington cites reduced costs and faster turnaround times.

BPC reports a reduced reliance on imports due to increased domestic production. Its rooftop solar program is expanding to 75 MW, with around 30 MW already installed.

The environmental study for the Gagasi project off Richards Bay is on hold following the withdrawal of the authorization request. The developer is expected to provide new technical data.

PowerGen aims to accelerate the deployment of mini-grids in Nigeria with new funding from All On, targeting a capacity of up to 9 MW and approximately 470 jobs.

The Kenya Revenue Authority is ending its model of electronic seals owned by the administration. Operators under customs control will now have to choose from 15 approved suppliers.

Kenya is in discussions with the Dangote Group about a pipeline connecting the Turkana oil fields to Lamu, where the construction of a 700,000-barrel-per-day refinery is set to begin on September 30.

The engineering contract covers a unit in Coega capable of producing approximately one million tons of green ammonia per year, with a projected investment of $1.8 billion.

Ethiopian Electric Power plans to increase deliveries to Kenya from 200 to 400 MW starting in December 2026. A joint technical committee is overseeing tests and network stability ahead of the increase.

The trade deficit between Africa and China reached $80.07 billion in the first eight months of 2026, up 34.48% year-on-year. African exports increased, but at a slower rate than Chinese sales to the continent.