FAO urges countries not to restrict fertilizer and energy exports War-linked disruptions threaten global supply and drive prices higher Food security risks grow as farmers may cut fertilizer use The U.N. Food and Agriculture Organization called on governments to avoid restricting fertilizer and energy exports, warning that such moves could deepen market tensions and trigger a broader food...

Parliament approves loans for second phase of electricity reform program Project aims to improve access and strengthen national energy system Severe power gap persists, with just 11% of the population connected Chad’s National Assembly has approved a bill ratifying two loan agreements to finance the second phase of its electricity sector support program, known as PASET-2. The vote, held...

South Africa excluded from 2026 G20 under U.S. presidency Diplomatic tensions with Washington deepen after public disputes Absence risks weakening Africa’s recent gains within the G20 South Africa will not take part in the 2026 G20 summit under U.S. presidency in Miami, confirming a diplomatic rift that has been building for more than a year. Finance Minister Enoch Godongwana...

AfDB approves $200 million loan to expand Nigeria’s fiber network Project aims to extend coverage nationwide and boost broadband access Initiative targets jobs, digital adoption, and long-term economic growth The African Development Bank has approved a $200 million loan to support Nigeria’s plan to expand its national fiber-optic network and accelerate its digital...

Shareholders approve Montage Gold’s $170 million takeover of African Gold Deal adds the Didievi project to strengthen Montage’s Côte d’Ivoire portfolio Move signals growing competition and investment in the country’s gold sector Australian miner African Gold said on April 13 its shareholders had approved its acquisition by Canada-based Montage Gold in a $170...

Kenyan court dismisses challenge to Diageo’s sale of EABL to Asahi Ruling removes major legal risk tied to long-running distributor dispute Deal marks a strategic shift for Diageo and expansion move for Asahi Kenya’s High Court has cleared the main legal obstacle to Diageo’s planned sale of East African Breweries Limited (EABL) to Japan’s Asahi Holdings, a $2.3...

BRVM-listed lender launches CFA1.5 billion capital increase Move aims to meet regulatory requirements and strengthen balance sheet Operation comes as new majority shareholder backs recovery strategy Alios Finance Côte d’Ivoire, a leasing-focused financial institution listed on the BRVM, has launched a CFA1.5 billion ($2.7 million) capital increase, the company announced on...

Moscow calls for joint food stockpiles within expanded BRICS bloc Middle East war disrupts fertilizer flows and drives up energy prices Proposal revives debate over strategic food reserves and market impact Russia called on BRICS nations to build shared food reserves as rising geopolitical tensions threaten global supply chains and food security. Alexander Maslennikov, deputy...

Ecobank posts $801 million in pre-tax profit for 2025, up 21% Cost discipline improves, with efficiency ratio falling below 50% Dividend returns, but Nigeria remains a key risk factor Ecobank Transnational Incorporated delivered one of its strongest performances in years in 2025, posting $801 million in pre-tax profit, up 21% from a year earlier, alongside net revenue...

Mulilo finalized financing for the 337 MWdc Middlepunt solar project under REIPPPP Bid Window 7. The plant will supply 240 MWac under a 20-year power purchase agreement with NTCSA. The project will generate about 770 GWh annually at a tariff of 458 rand/MWh ($28). South Africa’s renewable energy support program reached a new milestone as a solar project secured financing....