News

Orange Money’s 100 million active accounts will host JUMO’s AI credit engine, issuing $5–$500 loans repayable automatically from wallet balances. • Roll-out begins in Burkina Faso, then Mali and ...
US reduced initial April rates (up to 50%) to 10-30% in August for some African nations, exempting minerals/oil, via negotiations to address trade deficits. • Southern Africa (e.g., South Africa at 30 ...
Presidential Decree 2019-034 transformed PAD from landlord to master developer, allowing PAD to monetise surplus plots and diversify revenue, exactly the playbook used by Rotterdam, Durban, and ...
West African Resources’ Sanbrado gold mine revenues rose 38% in H1 2025, reaching A$472.1 million due to higher gold prices. The average gold selling price jumped from A$2,199 to A$3,049 per ounce ...
The World Bank approved $200 million via IDA for Zambia’s energy programme ASCENT. The project aims to bring reliable electricity to over 1 million Zambians within 5 years. Zambia is accelerating ...
MTN Rwanda invests heavily in network upgrades but faces growing service quality problems. The Rwandan regulator RURA summoned MTN after two days of major disruptions in voice, SMS, USSD, and ...
Barter-style deals in which African countries trade mineral resources for security assurances from foreign powers may offer short-term stability but carry serious long-term risks to national ...
A new bilateral commission will oversee energy, education, and security projects. The initiative follows President Traoré’s visit to Russia in May 2025. Trade reached $753.5 million in 2024 and is ...
Solarcentury has launched the first 25 MW phase of the Mailo solar project. Electricity is now sold on the Southern African Power Pool without a PPA. The plant is set to reach 118 MW, with 500 MW more ...
The Medusa Submarine Cable System is a critical investment in the region’s digital future, especially at a time when demand for data and bandwidth is accelerating across Africa and the Mediterranean ...
Credit stress rose as NPLs hit 14.3% by Nov 2024, driven by BEAC's rate hike to 6.75%. Concentration in top banks (54% assets) holds 75% of bad loans, with deposits shifting to cash hoarding. A $550 ...
• IMF lifts Sub-Saharan Africa’s 2025 growth forecast to 4.0 %, a 0.2-point bump that adds an estimated US$3.6 billion in real GDP versus April. • Revisions driven by a brighter global outlook (3.0 % ...