Ecobank is selling its Mozambique unit to FDH Bank as part of a strategic shift. • The sale will be fully funded by FDH Bank’s own capital, pending regulatory approvals. • Ecobank plans to maintain ...

South Africa launches support programs and export aid to counter new 30% U.S. tariffs starting August 8. 2. Tariffs risk 100,000 jobs, hitting automotive and agriculture amid a 32.9% unemployment rate ...

Côte d’Ivoire opens $56.4M cocoa plant in Divo, adding 36,000-ton capacity. • Aims to process 100% of cocoa locally by 2030; 44% processed in 2024. • Processed exports earned $2.67B in 2023 vs. $3.5B ...

Aura Energy is seeking $230 million to fund its Tiris uranium project in Mauritania, expected to produce 2 million pounds of uranium annually starting in 2027. • The company has signed three sales ...

Africa to lead global pulses market by 2034, with per capita consumption topping 12 kg (OECD–FAO). • Production to grow by 900,000 tons annually, reaching 25% of global output. • Nigeria, Ethiopia, ...

Senegal’s Prime Minister Ousmane Sonko launched a $10 billion economic recovery plan mostly funded from domestic resources, aiming to reduce the budget deficit without relying on the IMF. • The ...

Despite a diverse array of minerals, from gold to critical resources, Africa only accounts for 10% of global spending on mineral exploration. To attract more investment, industry stakeholders are ...

MTN Uganda, MTN Mobile Money and the Uganda Hotel Owners Association signed an MoU on 1 August 2025 to digitise operations across more than 780 hotels nationwide. The partnership will integrate mobile ...

New system will link banks, fintechs, and mobile operators in a single platform • Real-time transfers and payments to be available 24/7 across all channels • Platform aims to boost financial inclusion ...

Afreximbank announced $1.35B in financing for Nigeria’s Dangote refinery, part of a $4B syndicated deal. • The 650,000 bpd refinery has faced $3.65B in debt and a Fitch ratings withdrawal. • The ...

Ghana will introduce a scholarship program for children of cocoa farmers starting in 2026. • COCOBOD will manage the initiative, with first awards set for the 2026/2027 academic year. • The program ...

Ghana has set the 2025/2026 cocoa farmgate price at $5,040 per ton, up 62.5% year-on-year. • Cocoa farmers say the new rate still falls short of their demands due to rising costs. • The government ...