INSIGHTS
carbon-border-taxes-could-cost-south-africa-over-500-000-jobs-report-warns

Border carbon taxes planned by rich nations threaten more than 500,000 South African jobs 78% of South Africa’s exports go to countries with net-zero...

trade-flows-where-payment-systems-are-efficient-says-john-bosco-sebabi-deputy-ceo-of-papss

Since its launch in 2022, the Pan-African Payment and Settlement System (PAPSS), designed to simplify cross-border transactions between African countries,...

ecofin-expands-to-build-bilingual-pan-african-newsroom

Agence Ecofin, widely regarded as the leading French-language source for pan-African economic reporting, is now aiming higher: to become the top economic...

interview-tapping-into-the-bond-market-to-finance-informal-businesses-finafrique

While Small-Scale Businesses (SSBs) or businesses in the so-called "informal sector" represent a significant share of value creation and employment in...

jean-bamanisa-warns-kinshasa-faces-urban-breakdown-without-infrastructure-overhaul

• Jean Bamanisa says Kinshasa needs 3,500 km of roads rebuilt at a cost of over $10 billion.• He warns that without urgent investment, the city...

africa-in-2025-strategic-vision-sovereignty-and-global-relevance-jeanine-mabunda-s-op-ed

• Africa must transition from symbolic influence to active leadership on global platforms.• AU reform, peace architecture, and AfCFTA implementation are...

global-peace-index-2025-mauritius-leads-africa-again

Mauritius is the most peaceful country in Africa for the 18th year in a row Sub-Saharan Africa remains the region with the most conflicts...

moody-s-maintains-boa-s-ba1-rating-flags-sub-saharan-risk-exposure

Highlights: Moody's confirms confidence in Bank of Africa's Moroccan operations but raises concerns over asset quality in Sub-Saharan Africa BOA's...

great-lakes-drc-and-rwanda-to-sign-peace-deal-june-27

DRC and Rwanda to sign U.S.-backed peace deal on June 27 Pact covers disarmament, refugees, and economic ties Tensions driven by rebels,...

six-african-countries-rank-among-top-economies-in-2025

Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Africa, Nigeria, and Namibia also ranked. Rankings mix...

asante-gold-seeks-470-million-to-scale-up-production-in-ghana

Highlights: Asante aims to raise $470 million through loans and equity for expansion Targeting 500,000 ounces of gold output by 2028 from...

mali-s-national-gold-refinery-a-bold-step-with-big-questions

Mali begins building gold refinery with Russia’s Yadran; key project details remain undisclosed. Refinery capacity exceeds Mali’s output; neighbors...

new-algerian-law-opens-mining-to-80-foreign-ownership

Algeria allows foreign firms up to 80% in mining projects to cut hydrocarbon reliance. State firms retain 20% minimum stake with 30-year permits...

zambia-allocates-40-million-to-solar-power-schools-and-hospitals

$40 million solar project to power 209 schools and hospitals in Eastern Zambia Initiative part of President Hichilema’s clean energy strategy for...

imf-projects-3-75-growth-for-namibia-in-2025-and-2026

IMF forecasts Namibia's GDP growth at 3.75% in both 2025 and 2026. Recovery supported by improved weather, boosting agriculture and...

• Africa No Filter study links negative perceptions to weak consumer interest abroad• Over 40% of Africa-related associations in US and UK were seen as...

• J.P. Morgan voices confidence in Afreximbank's bonds, despite the bank's exposure to sovereign debt and potential for further rating downgrades•...

global-peace-index-2025-mauritius-leads-africa-again

Mauritius is the most peaceful country in Africa for the 18th year in a row Sub-Saharan Africa remains the region with the most conflicts globally Global peace has dropped to its lowest level...

Laurent Gbagbo’s PPA-CI and Tidjane Thiam’s PDCI have joined forces to challenge what they call a rigged Ivorian presidential election process. Both...
Highlights: Moody's confirms confidence in Bank of Africa's Moroccan operations but raises concerns over asset quality in Sub-Saharan Africa BOA's...
great-lakes-drc-and-rwanda-to-sign-peace-deal-june-27

DRC and Rwanda to sign U.S.-backed peace deal on June 27 Pact covers disarmament, refugees, and economic ties Tensions driven by rebels,...

kenya-enacts-new-anti-money-laundering-and-terrorism-financing-law

President William Ruto signs law strengthening financial crime enforcement Reform addresses FATF gray listing and enhances oversight in real estate...

Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Africa, Nigeria, and Namibia also ranked. Rankings mix...
Highlights: Asante aims to raise $470 million through loans and equity for expansion Targeting 500,000 ounces of gold output by 2028 from...
wilmar-to-fully-own-nigerian-palm-oil-business-in-buyout-deal

Wilmar to buy out PZ Cussons’ 50% stake in PZ Wilmar for $70 million Acquisition includes 26,500 hectares of plantations and a 1,000-ton/day...

mali-s-national-gold-refinery-a-bold-step-with-big-questions

Mali begins building gold refinery with Russia’s Yadran; key project details remain undisclosed. Refinery capacity exceeds Mali’s output; neighbors...

INSIGHTS
carbon-border-taxes-could-cost-south-africa-over-500-000-jobs-report-warns

Border carbon taxes planned by rich nations threaten more than 500,000 South African jobs 78% of South Africa’s exports go to countries with net-zero...

ppa-ci-and-pdci-form-united-front-ahead-of-ivorian-presidential-election

Laurent Gbagbo’s PPA-CI and Tidjane Thiam’s PDCI have joined forces to challenge what they call a rigged Ivorian presidential election process. Both...

kenya-enacts-new-anti-money-laundering-and-terrorism-financing-law

President William Ruto signs law strengthening financial crime enforcement Reform addresses FATF gray listing and enhances oversight in real estate...

wilmar-to-fully-own-nigerian-palm-oil-business-in-buyout-deal

Wilmar to buy out PZ Cussons’ 50% stake in PZ Wilmar for $70 million Acquisition includes 26,500 hectares of plantations and a 1,000-ton/day...

unseen-and-untracked-85-of-10bln-food-trade-escapes-the-books-in-west-africa

85% of West Africa’s $10B food trade is informal, per OECD. Staples like cereals and tubers dominate informal trade, missing from official...

access-holdings-completes-acquisition-of-standard-chartered-bank-gambia

• Access Holdings finalises deal to take over Standard Chartered Bank Gambia• Standard Chartered ends its 130-year presence in the Gambian banking market•...

foreign-suppliers-dominate-senegal-s-mining-contracts-over-local-firms

Foreign firms secured $1.4 billion in mining contracts vs. $452 million for locals Local suppliers face challenges meeting strict...

FINANCES
WHO'S WHO
FINANCES
somalia-launches-its-first-stock-exchange-in-mogadishu

Key Highlights • Somalia inaugurates its first stock exchange, the National Securities Exchange of Somalia (NSES), in Mogadishu. • NSES will start...

master-plastics-secures-financing-from-nedbank-and-investec-in-south-africa

Key Highlights: • Master Plastics receives undisclosed funding from Nedbank and Investec to expand sustainable packaging production. • Metier Capital...

ghana-needs-6-billion-to-fight-flooding-crisis

Key Highlights: • Ghana requires approximately $6 billion in funding to implement comprehensive flood prevention and control measures.• Flooding...

egypt-secures-479-million-for-solar-plant-with-battery-storage

• Egypt to build 1.1 GW solar plant with 200 MWh battery storage in Nagaa Hammadi• $479.1 million in international funding led by BII, AfDB, and...

senegal-issues-cfa300-billion-bond-to-fund-priority-projects

• Senegal launches $526 million bond amid stalled IMF program talks• Fixed rates offered: 6.60% (5 yrs), 6.75% (7 yrs), 6.95% (10 yrs)• Funds to...

INFRASTRUCTURES
angola-and-namibia-plan-railway-link-to-boost-regional-trade

• Angola and Namibia to connect Lubango to Santa Clara via 275 km railway• Project to be developed under a public-private partnership model• Initiative...

• Kenya eyes Chinese bond market to finance 475 km railway extension• SGR expansion to Uganda delayed due to lack of funding• Project aims to cut...

(AfDB)-Egypt's first integrated solar and battery storage plant will deliver dispatchable clean energy, enhance grid stability, and manage peak...

afdb-approves-19-6-million-in-financing-to-scale-up-cabo-verde-s-pioneer-in-wind-and-battery-storage-capacity

(AfDB)-The Board of Directors of the African Development Bank Group has approved a €19.6 million financing package to support the Cabeólica Phase II...

east-africa-drove-71-of-global-off-grid-solar-kit-sales-in-2024-gogla

East Africa accounted for 71% of global off-grid solar kit sales in 2024 West and Central Africa saw steep declines due to inflation and currency...

AGRICULTURE
AGRICULTURE
olam-agri-expands-soybean-program-in-nigeria-with-5-000-farmers-to-feed-new-oil-plant
kenya-unveils-27m-tea-sector-revamp-to-boost-global-exports
rwanda-seeks-335mln-in-private-investment-for-climate-smart-farming

Rwanda targets $335.4 million in private capital to strengthen climate resilience in agriculture The plan aims to support 170,200 farmers and...

niger-world-bank-urges-boost-in-irrigation-to-protect-agriculture

Highlights: • World Bank urges Niger to boost irrigation as climate shocks threaten food security. • Just 2% of farmland is irrigated, yet it produces a...

• USDA forecasts 8% increase in paddy rice output, reaching 2.96 million tons• Cultivated area projected to expand 8% to 850,000 hectares• Improved...

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kenya-plans-annual-31-million-support-for-sugar-industry

• Government to invest $30.9 million yearly to boost sugar sector• Funds sourced from a 4% Sugar Development Levy on local output and imports•...

africa-s-sugar-output-to-rise-by-800-000-tons-in-2024-2025-season

• FAO forecasts 10.4 million tons of sugar production across Africa• Egypt, Kenya, and Morocco to drive nearly 90% of the increase• Growth defies global...

INDUSTRY
star-garments-opens-first-african-textile-factory-in-lome-togo

Key Highlights: • Sri Lankan textile group, Star Garments, inaugurates its first factory in Africa with an anticipated 4,520 jobs by 2030.•...

Key Highlights: Nigeria plans to establish a real-time tracking system for all exported crude oil consignments to curb the losses Nigerian authorities...

Silver prices surged past $37 per ounce this week, continuing an upward trend that pushed the metal to its highest point since 2012. While gold has...

syrah-eases-back-into-production-at-balama-graphite-mine-africa-s-largest

Syrah restarts Balama graphite mine in Mozambique. Gradual output; exports may resume in Q3 2025. Force majeure continues amid low global...

TotalEnergies, Eni, Sinopec win Algeria oil, gas blocks. Aim is to boost gas output to 200 bcm/year. Contracts to be signed July 30. Oil...

Highlights: • Ghana lost $11.4 billion to gold smuggling from artisanal mining between 2019 and 2023, Swissaid reports. • Smugglers reroute...

DIGITAL
kurudy-inc-eyes-diaspora-led-investments-in-burkina-faso

• Kurudy Inc presents investment platform to Burkina Faso's digital transition minister• Platform targets strategic sectors: agriculture, real estate,...

tarana-and-microsoft-partner-to-expand-rural-broadband-access-across-africa

This partnership directly targets one of Africa’s most persistent development challenges: the lack of reliable and affordable internet access,...

cote-d-ivoire-partners-with-raxio-to-advance-digital-sovereignty-goals

• Côte d’Ivoire signs MoU with Raxio to support national data sovereignty strategy• CIV1 data center to launch in September 2024, at a cost of CFA36...

SERVICES
MEDIAMANIA
NEWSWIRE

SERVICES

Government seeks to revise unemployment metrics to reflect informal labor Official jobless rate at 32.9% may drop to 10% if informal work is...

Youth unemployment in South Africa hits 62.4% in Q1 2025 Vice President Mashatile calls for mass entrepreneurship as urgent...

MOST READ
01

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
02

Egypt signs deals to import up to 290 LNG cargoes over 30 months, starting in July Trafigura,...

Egypt secures 290 LNG shipments ahead of peak summer electricity demand
03

(AfDB)-Egypt's first integrated solar and battery storage plant will deliver dispatchable clean ener...

AfDB, EBRD and BII support pioneering solar and battery storage project in Egypt with $476 million loan
04

Lion Group to explore and exploit gold, copper, and manganese in Algeria Malaysian firm plans...

Algeria, Lion Group sign mining and metals investment deal
TOURISM

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

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Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

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