BOAD exits BOA Bénin and Niger, sells stakes to Sonimex BOA Bénin posts growth; BOA Niger sees sharp profit decline Divestment reflects strategy shift amid mixed subsidiary performance The West African Development Bank (BOAD) divested its entire stakes in BOA Bénin and BOA Niger during 2025. Bank of Africa Group disclosed the transactions on Thursday, April 16, when presenting...

Cellcom Guinea workers protest layoffs, unpaid salaries, unmet commitments Union demands audit, warns of possible administration or liquidation Financial strain, declining market share fuel ongoing telecom sector tensions Tensions are rising at Cellcom Guinea. Employees of the mobile telecom operator met on Thursday, April 16, in Conakry to denounce what they described as abusive...

Diamond downturn pushes Botswana to accelerate diversification New partnerships with Oman, Qatar, and France target untapped resources Large mineral potential remains, but projects will take years to deliver Botswana seeks to diversify its mining sector, as a prolonged downturn in diamonds exposes the limits of its economic model. During a visit to Oman this week, President Duma...

Ethiopia signs deal with Canada’s FFI for worker training, placement Program trains candidates to Canadian standards via official ELMIS platform Agreement aims to ease youth unemployment and expand overseas jobs The Ethiopian government has signed a strategic agreement with Canadian company Future Fit International (FFI) to train and place Ethiopian workers in Canada. The deal,...

Joint five-year plan targets one of cocoa’s most damaging diseases Strategy focuses on replanting, surveillance, and resistant varieties Disease has already hit large areas and weighed on production Côte d’Ivoire and Ghana have agreed on a joint five-year strategy to fight cocoa swollen shoot disease, one of the most serious threats to production in West Africa. The plan,...

Cameroon LNG export revenue falls to CFA350.1 billion in 2025 Stable export volumes suggest decline driven by lower global prices LNG remains third-largest export, accounting for 11.4% of earnings Cameroon’s liquefied natural gas (LNG) exports generated CFA350.1 billion (around $630 million) in revenue in 2025, down by CFA30.6 billion from CFA380.8 billion recorded in 2024,...

Cameroon invests CFA17 billion in palm oil production projects New plants, upgrades to boost output, farmer incomes, jobs Government-backed plan targets import cuts, higher yields, lower deficit Cameroon is ramping up investment in its palm oil sector, with new projects expected to inject significant funding into key production areas while boosting local output. The construction of a new...

First Ukrainian agricultural hub in Africa launched in Ghana Project combines food aid with local processing and distribution Move signals push to grow presence in West African markets Ukraine has opened its first agricultural hub in Africa, establishing a food distribution center in Ghana as part of a broader effort to expand both humanitarian aid and commercial reach on the...

Heineken to sell Bralima stake to Mauritius-based ELNA Holdings ELNA takes over operations; Heineken retains brands via licensing Deal aligns with asset-light strategy amid DRC security, cost pressures Heineken has agreed to sell its stake in Brasseries, Limonaderies et Malteries S.A. (Bralima) to Mauritius-based ELNA Holdings Ltd. The Dutch brewer announced the transaction on April 10,...

Ghana will subsidize fuel prices by 2 cedis per litre of diesel and 0.36 cedi per litre of petrol starting April 16. The measure will last one month as authorities monitor global oil market developments. The move follows recent price hikes by the National Petroleum Authority amid rising global crude prices. Ghana’s government has introduced a temporary fuel subsidy to cushion households...