Key Highlights Niger’s government has seized full control of SOMAÏR, its only active uranium mine, stripping Orano of its 63.4% stake. Officials accuse Orano of production misappropriation, mismanagement, and destabilizing local operations. The dispute follows a wider political rift between Niger and France after the 2023 coup, with arbitration now underway. Niger has nationalized its...

Key Highlights • Somalia inaugurates its first stock exchange, the National Securities Exchange of Somalia (NSES), in Mogadishu. • NSES will start trading in early 2026, focusing on stocks and sukuk, with support from the Ministry of Finance and Central Bank. • The exchange aims to deepen financial inclusion, attract diaspora capital, and integrate Somalia into East African...

Key Highlights: • Olam Agri to onboard 5,000 small-scale farmers in Kwara State under a new soybean supply initiative. • Partnership with IDH and Arzikin Noma offers credit, mechanization, and training to boost local production.  • The move supports a new 350,000-ton capacity oil extraction plant amid Nigeria’s booming edible oil market. Olam Agri, a subsidiary of Singapore’s...

Key Highlights• Ivory Coast ends TSDAR, a petroleum tax introduced in 2018 to reduce SIR’s debt.• Government to redirect two-thirds of revenue to electricity sector via new tax starting July 1.• Reform aims to support power grid upgrades and improve public service efficiency. Ivory Coast has scrapped a key petroleum tax used to pay down the debt of its national oil refinery, the...

Key Highlights: • Master Plastics receives undisclosed funding from Nedbank and Investec to expand sustainable packaging production. • Metier Capital Growth Fund III replaces Fund II in ownership shift, signaling a new growth phase. • Company targets African and international markets with focus on recyclable packaging and agro-tech. South African packaging firm Master Plastics has...

Key Highlights: • Sri Lankan textile group, Star Garments, inaugurates its first factory in Africa with an anticipated 4,520 jobs by 2030.• This $15 million project, backed by global lingerie provider Komar and International Finance Corporation (IFC), could position Togo as a regional cotton processing hub. Star Garments Group has officially launched its first African factory in Togo,...

Key Highlights: • Kenya allocates $27 million to renovate 19 tea factories as part of sector reforms.• Producers can now sell tea directly on international markets, bypassing auctions.• Government targets major export expansion, with a goal to quadruple tea sales to China by 2030. Kenya, the world’s largest tea exporter by volume, is rolling out a series of reforms to strengthen...

Key Highlights: • Ghana requires approximately $6 billion in funding to implement comprehensive flood prevention and control measures.• Flooding annually impacts an average of 45,000 people in the country, according to the World Bank, with climate change projected to reduce the income of poor households by up to 40% by 2050. Floods hit about 45,000 Ghanaians every year, the World Bank...

Key Highlights: Nigeria plans to establish a real-time tracking system for all exported crude oil consignments to curb the losses Nigerian authorities move to implement mandatory registration of all crude oil shipments to enhance traceability Nigerian authorities are aiming to boost revenues gleaned from the oil and gas industry, a sector which makes up approximately 40% of the country's...

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 leaders remain banned from the electoral list. Their parties accuse the government of bias and exclusion. On June 19 in Abidjan, PPA-CI and PDCI leaders met and launched a united front. The alliance, they said, gives them a strategic platform to...