The European Bank for Reconstruction and Development (EBRD) increased its equity investment in Egypt’s Infinity Power by $40 million, bringing its total commitment to $141.5 million. The funds will support new solar and wind projects across Africa, strengthening Infinity Power’s regional presence. Infinity Power recently secured major renewable deals in Egypt, South Africa, and...

Tanzania authorized imports of Brazilian livestock and genetic material under new sanitary agreements. The move aims to boost productivity in a sector that contributes 27% of the country’s agricultural GDP. The decision aligns with Tanzania’s 2022–2027 Livestock Sector Transformation Plan, valued at 2 trillion shillings ($814 million). Tanzania has officially opened its market to...

The Senegalese government earmarked CFA7.3 billion ($12.8 million) for subsidizing certified potato seeds. The program targets the purchase of 20,000 tons of seeds, including imported and locally produced varieties. Senegal hit a record potato output of 250,000 tons in the 2024/2025 season, exceeding previous years’ averages. The Senegalese government allocated CFA7.3 billion ($12.8...

Burkina Faso successfully raised $230.8 million (CFA131.355 billion) through a regional public bond offering. The issuance was oversubscribed at 109.5%, surpassing the initial target of CFA120 billion. The capital raised will support the financing of economic and social development within the country. The West African nation of Burkina Faso confirmed its strong appeal on the regional...

Kigali hosted Africa Blockchain Festival 2025, uniting 1,000+ investors, developers, and regulators to explore blockchain’s economic impact. Discussions focused on AI, financial inclusion, and transparency, highlighting how blockchain can advance Africa’s digital transformation. Startups in the sector raised USD 34.7 million in 2024, and participants called for stronger infrastructure and...

Sweden’s development-finance institution, Swedfund, is investing USD 10 million in Solar Saver as part of a USD 60 million equity raise. The funding will support Solar Saver’s deployment of distributed solar-and-battery installations in South Africa, Namibia, Botswana, and Zambia under rent-to-own and power-purchase agreements with no upfront cost to the client. Solar Saver says it now...

Changan partners with Yango to expand smart mobility in Africa and the Middle East. Yango Motors becomes the official distributor of Changan vehicles in West Africa, starting with Côte d’Ivoire. The partnership could reshape the ride-hailing market and accelerate electric mobility adoption in the region. Chinese automaker Changan Automobile has signed a strategic partnership with Yango...

UNHCR, ITU, and GSMA are expanding the Connectivity for Refugees initiative to connect 20 million forcibly displaced people and hosts by 2030. Chad hosts 1.5 million forcibly displaced people, mainly Sudanese. Initiative seeks $20 million in core support and $200 million in direct investment as connectivity becomes essential for displaced populations. The UN Refugee Agency...

Court issues arrest warrant for ex-oil minister Sylva over $14.86M fraud EFCC places Sylva on wanted list amid probe into failed refinery project Case highlights persistent corruption in Nigeria’s oil sector, key revenue source A Federal High Court in Lagos has issued a warrant for the arrest of Timipre Sylva, former Minister of State for Petroleum Resources (2019-2023) and...

MTN Business Botswana partners with Ethica to launch smart connectivity service New SDIA solution ensures seamless internet by switching between multiple links Targets business reliability amid rising demand for uninterrupted digital operations MTN Business Botswana, the enterprise division of the telecom operator, announced last week a partnership with Canadian tech firm Ethica. The...