Benin and the United Arab Emirates signed a Comprehensive Economic Partnership Agreement (CEPA) on October 25 to reduce tariffs, improve market access and strengthen investment ties. Trade growth: Non ...
China's Zhejiang Huayou has completed the acquisition of a 22.5% stake in Ghana's Ewoyaa lithium project from Elevra Lithium, following regulatory approval. Broader takeover strategy: The Chinese ...
Guinea’s instant payment platform NimbaPay processed nearly 67,000 transactions worth more than 68 billion Guinean francs ($7.6 million) within four months of its launch. Growing network: Seven ...
Côte d’Ivoire has begun building a solar plant in Tongon, expected to supply electricity to 300,000 people by mid-2028. The CFAF 33 billion project is expected to create nearly 500 construction jobs ...
South Africa has revoked HSBC’s local banking license following the withdrawal of its foreign exchange authorization earlier in 2026. HSBC has completed the sale of its South African branch operations ...
Australian producer Syrah Resources expects $15 million in U.S. financing by October 31 to maintain operations at its Balama graphite mine in Mozambique. Share purchase rights linked to this and an ...
Norway's BW Energy suspended operations at its MaBoMo oil production facility offshore Gabon after the Prospector 5 drilling rig sank on October 24. Five people missing: The rig carried 115 people ...
Poland’s Faspol, through its affiliate Faspol Africa, signed an agreement with Guinea on October 22 to explore investments in mango cold storage infrastructure. Post-harvest losses: Guinea loses an ...
Mali activated a fiber-optic connection with Senegal on October 5, adding another route to global internet networks through submarine cables linked to Cape Verde and Portugal. Infrastructure gaps: ...
African airlines recorded 10 accidents in 2024, with an accident rate nearly 10 times the global average, according to IATA. Employees and contractors with authorized access to restricted areas create ...
Nigerian billionaire Aliko Dangote is expanding his oil business beyond refining, acquiring a 24.76% stake in Kenya Pipeline Company for approximately $327 million. The investment gives him a foothold ...
Burkina Faso has approved a state-backed company to make wine from local grapes, while private producers already sell hibiscus and palm-based alternatives. These alternatives have established markets, ...
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