ECONOMY

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…

Benin has paid 561.8 million FCFA in compensation to 94,905 rice and cotton producers who suffered yield losses during the 2025-2026 agricultural campaign. The scheme, launched as part of a pilot phase of multi-risk index agricultural insurance, is set to…

Benin achieved a completion rate of 73% during the 2026 annual political review of the reforms, policies, programs, and community projects of UEMOA. The evaluation focused on 145 texts in the areas of economic convergence, the common market, and sectoral…

Guinea has signed the mining convention with Nimba Mining Company, created after the withdrawal of the bauxite concession from GAC, a subsidiary of Emirates Global Aluminium, in the Boké region. The text still needs to be ratified by Parliament before…

The Congolese government has reacted to revelations about the presence of significant amounts of uranium in cobalt shipments exported to China. However, Kinshasa disputes the scope of the scientific conclusions published in Nature Communications and announces a campaign of contradictory…

The World Bank estimates that artificial intelligence could significantly accelerate the development of low or middle-income countries, enabling them to achieve in ten years progress that would normally take a century. However, this outlook remains contingent on significant investments in…

Senegal and the World Bank have formalized a set of financing totaling 220.7 billion FCFA, or about 388.5 million dollars. The resources are aimed at strengthening responses to emergency situations, opening up agricultural production areas, and supporting the economic development…

The Multinational Maritime Coordination Centre (CMMC) of Zone E brought together military officials, experts, and institutional representatives in Cotonou on July 22 and 23, 2026, to discuss maritime governance and security coordination. The seminar gathered the countries of Zone E…

Rwanda and the European Union have concluded a financing agreement of 40 million euros, which is about 46.2 million dollars, to modernize Rwandan agriculture. The arrangement aims to enhance the sector’s resilience to climate-related shocks and promote more inclusive participation…

The Moody’s agency upgraded Benin’s long-term sovereign rating from “B1” to “Ba3,” according to a statement from the Beninese presidency published on Friday, August 7, 2026. This one-notch improvement follows several years of sustained growth and budgetary consolidation. The outlook…

Competition is intensifying in the maritime freight market along the East African coast, where major shipowners are looking to consolidate their presence in key transit corridors. Established in Mombasa for nine years, the German company Hapag-Lloyd aims to expand its…

Four years after the 2022 debt crisis, Ghana has seen the International Monetary Fund (IMF) classify its debt risk as “moderate.” However, the institution warns the authorities against fuel subsidies, whose costs could again weaken public finances. According to the…

The Kenyan subsidiary of Standard Bank Group aims to increase its network from 40 to about 80 branches by 2029. This expansion mainly targets individuals and small businesses, as part of a strategy designed to strengthen retail deposits. Stanbic Bank…

Ethiopia is seeking the support of both Russia and the United States in establishing its regulatory framework for civil nuclear energy. This initiative comes as major powers engage in an increasing competition to develop their nuclear cooperation worldwide, particularly in…

Nigeria, the leading African producer of crude oil, is increasing its investments in refining to reduce its reliance on imports of petroleum products, a sector official announced Tuesday in Lagos. The country has been exporting its crude for six decades…

Zimbabwe aims to increase its national grain storage capacity to 1.5 million metric tons by 2030. This goal is part of a strategy to strengthen the country’s food security and better absorb the effects of climate variability. The announcement was…

The Nigerian tax authority published rules on Monday, August 3, governing the taxation of virtual assets, bringing an end to a period of uncertainty for investors and operators in the sector. Transactions involving cryptocurrencies, their resale, mining, and the fees…

The race to succeed António Guterres as the head of the United Nations is still open, but the first indicative vote by the Security Council has already outlined a preliminary hierarchy among the candidates. The next UN Secretary-General is to…