AfCRA, a privately owned agency, is set to begin operations by September 2025 It will focus on rating local currency debt for African states and institutions The initiative aims to offer a regionally accurate alternative to global rating firms The African Credit Rating Agency (AfCRA), a privately owned financial rating body, is expected to begin operations by September 2025. The agency...

Located in the Seychelles archipelago, over 1,100 kilometers southwest of Mahé, Aldabra is one of the largest coral atolls in the world. It is composed of a ring of four main islands surrounding a vast, largely inaccessible lagoon. This geographic isolation has played a significant role in preserving its natural environment, which has remained mostly untouched by human activity. Aldabra was...

• AFC identifies $4 trillion in African funds that could finance infrastructure• Most assets sit in low-yield, short-term investments outside the continent• Reforming financial systems and markets seen as key to unlocking capital Africa has over $4 trillion in domestic capital that could be mobilized for infrastructure development, according to the Africa Finance Corporation...

• WAEMU’s inflation dropped from 2.2% in March to 1.5% in April 2025• BCEAO attributes the decline to falling food, housing, and transport prices• Mali posts highest inflation; BCEAO cuts policy rate to 3.25% The West African Economic and Monetary Union (WAEMU) kept its inflation within the Central Bank of West African States (BCEAO)'s target range of 1–3%. In March 2025, the rate...

• African green hydrogen exports to Europe could face higher costs than projected• Study warns current models overlook country-specific investment risks• Only 2.1% of potential African sites may reach competitive price targets by 2030 Producing green hydrogen in Africa and shipping it to Europe may turn out to be more expensive than initially thought, according to a new report released on...

Rektron and Afritel plan to buy 60% stake in state-owned telecom operator AT Deal aims to revive AT’s performance and expand network coverage Market share fell to 7.89% in 2024; operator faces $342M in debt Canadian firm Rektron Group plans to acquire a 60% stake in Ghana’s telecom operator AT, partnering with local company Afritel. The announcement, made on June 4,...

IFC to acquire stake in KERA Health, an AI-based e-health platform in Senegal Funding to support digitized health services expansion across WAEMU region Project aims to lower patient costs and improve care for informal workers, women The International Finance Corporation (IFC), a member of the World Bank Group, has announced plans to invest up to $10 million in KERA Health...

AfDB raised $3 billion in a two-part bond issuance in U.S. dollars. The deal included the Bank’s first-ever 10-year global dollar bond. Strong market demand showed confidence in the Bank’s leadership and credit. The African Development Bank (AfDB) has raised a total of $3 billion in a dual-tranche dollar bond issuance, which included the institution’s first-ever...

The NCC Digital Innovation Park in Ogun marks a major milestone in Nigeria’s digital future, showcasing a united federal and state commitment to building a skilled, tech-driven, and inclusive economy. The Minister of Communications, Innovation & Digital Economy, Dr. Bosun Tijani, has officially commissioned the Nigerian Communications Commission (NCC) Digital Innovation Park in Abeokuta, Ogun...

• Funding resumes after 2023 suspension tied to Uganda’s anti-LGBT legislation• Three new projects approved in social protection, education, and displacement• Bank cites “satisfactory” safeguards to mitigate law’s negative impact  The World Bank has resumed financing operations in Uganda, two years after suspending new funding in response to the country’s anti-LGBT...