UBA Group expands asset management arm to Abidjan with UCAMWAL • Subsidiary to offer diversified investment solutions beyond Nigeria • Strategy aims to tap into growing West African demand for ...

Uganda to secure €500M from Afreximbank, Ecobank, and DBSA for infrastructure • Rising domestic costs and limited concessional funding drive borrowing shift • Public debt reached $29.1B by end-2024, ...

Mali secures majority ownership in refinery built with Russia’s Yadran • Facility to process up to 200 tons of gold per year • Project aims to boost local value creation in the mining sector The ...

IFC to guarantee 50% of FirstRand’s $100M SME lending program • Focus on women-led and climate-related businesses under 60M rand turnover • Initiative aims to ease access to credit through simplified ...

CcHub and Mastercard Foundation launch third EdTech Fellowship cohort • 12 startups selected, including 6 led by women, receive up to $100,000 each • Focus on offline, AI-driven, and scalable tools ...

Trigon signed a $24 million deal to sell its Kombat mine stake to Horizon • Horizon’s shareholder approval is expected on June 11 • Kombat operations remain suspended due to underground mine issues ...

Benin forms agency to develop maritime and lagoon infrastructure • New company to manage shipyard, dredging, and coastal protection • Initiative supports lake transport and aims to ease road ...

Eastern authorities threaten force majeure over key oil terminals • NOC denies export disruption, but internal divisions raise concerns • Oil output reached 1.38M bpd in April, highest in over a ...

As international development aid faces growing pressure, the African Development Bank (AfDB) is entering a new era. Yesterday, May 29, Sidi Ould Tah of Mauritania was elected as the Bank’s new ...

Guinea withdraws 129 exploration permits, including three held by Resolute • Resolute says it received no official notice and may pursue legal action • One affected permit includes a key asset tied to ...

Cape Town’s central rail line resumes service after $73 million in repairs • Line was shut since 2019 due to vandalism and infrastructure decay • Government targets broader rail recovery to ease urban ...

TotalEnergies divests 12.5% stake in Nigeria’s Bonga field to Shell • Deal aligns with strategy to cut costs and prioritize low-carbon assets • Shell expands deep-water operations with added 11,000 ...