DRC secures $3.1 million UK funding for agricultural SMEs Program to support 5,000 farmers, including women-led businesses Initiative targets financing gaps, aims to boost productivity and jobs The Democratic Republic of Congo (DRC) has secured £2.3 million (about $3.1 million) in funding from the United Kingdom to support small and medium-sized agricultural enterprises. The...

Rwanda secures €213 million financing backed by World Bank guarantee Loan features 15-year maturity, six-year grace period on principal Funds to support key sectors, ease debt pressure, strengthen fiscal stability Rwanda has secured 213 million euros ($251 million) in financing, according to a statement released Wednesday, April 15, by the Ministry of Finance and Economic...

Emmanuel Elolo Agbenonwossi, an international consultant in cyberdiplomacy and AI governance, has emerged as one of the more outspoken African voices on digital sovereignty. He contributed to Guinea’s national AI strategy with the UNDP and has been active in global internet governance forums, including Internet Society and ICANN. In this interview, he offers a blunt assessment of Africa’s...

AfDB approved $755m across 18 projects between January and mid-April 2026, a 443% jump on the same period last year — its strongest start since 2023. Nearly half of that volume, $363m, went to a single Cameroonian road corridor, leaving only $392m to be shared across the remaining 17 operations. Emergency agricultural projects and humanitarian responses are rising sharply,...

Malawi tobacco earnings hit record $540 million in 2025 Export volumes surged, offsetting decline in average prices 2026 outlook cautious as supply expected to exceed demand Malawi's tobacco sector earned a record $540 million during the 2025 marketing season, up from $394 million a year earlier, Telephorus Chigwenembe, spokesperson for the Tobacco Commission,...

MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions, or removals for violations Move follows rapid growth and rising fraud cases in sector MTN Ghana’s mobile money subsidiary has launched a compliance crackdown on its agent network, as part of efforts to curb fraud risks in a fast-growing sector. Mobile Money Fintech said the initiative...

Carrefour enters Guinea, Nigeria via franchise deals with local partners Initial rollout includes 11 stores; 20 more planned by 2028 Expansion supports Carrefour 2030 plan targeting broader African presence French retailer Carrefour said on Tuesday it would enter Guinea and Nigeria through franchise agreements with local partners, as part of its expansion strategy in Africa. The...

WAF halts trading ahead of Burkina Faso stake increase decree State may raise Kiaka mine stake from 15% to 40% Move aligns with 2024 mining law; terms remain undisclosed Australian gold miner West African Resources Limited (WAF) suspended trading in its shares on the Australian Securities Exchange (ASX) on Friday ahead of an announcement on a Burkina Faso government decree that...

Growth driven by private investment and stronger external inflows Primary surplus and tax revenues show marked improvement IMF lowers 2026 outlook amid regional tensions Egypt’s economy grew by 5.3% in the first half of the 2025–2026 fiscal year, supported by a rise in private investment, Finance Minister Ahmed Kouchouk said on April 15. Speaking in Washington during a...

Uganda appoints Citibank to arrange $3.19 billion railway financing Project links Kampala to Kenya border, boosting regional trade connectivity Shift follows cancelled China deal, new contract with Turkey’s Yapi Merkezi Uganda has appointed Citibank to arrange financing for a standard gauge railway (SGR) linking the capital Kampala to the Kenyan border, in a project valued...