• Mozambican government and Huawei considering the construction of a local mobile phone factory catered to rural needs • Special features for rural applicability and financial accessibility form the crux of this initiative The rural areas of Mozambique, home to over 60% of the nation's populace, indicate restrained connectivity adoption, with the country's internet penetration rate hovering...

• Djibouti adopts new digital code to accelerate digital transformation, with focus on data protection, cybersecurity, and e-commerce. • The move aligns with the country’s ambition to become a regional digital hub • It should foster innovation, increase digital trust and attract technological investments. In May 2024, the World Bank released a report titled "Djibouti Digital Economy...

• Record drought tests Zambia's dependence on hydropower, impacting its vital mining industry • Adoption of dedicated solar projects, such as the recent 100 MW Chisamba solar plant, ensures energy supply security for major mining operations Zambia's mining industry is hampered by the country’s historic reliance on hydropower amidst increasingly frequent droughts. Going solar is a crucial...

• The African Development Bank (AfDB) has approved €25.5 million in funding to boost Mauritanian SMEs and stimulate inclusive growth.• Mauritania’s SMEs, which represent 80% of the country’s economic fabric, remain underserved by traditional banking systems.• A stronger focus on vocational training and entrepreneurship could help transform them into engines of youth and women’s...

• Blue Gold, active in Ghana with the Bogoso project, looks to grow its portfolio by potentially acquiring gold projects in West Africa.• CEO Andrew Cavaghan hinted at the move following the company's recent listing on the American stock exchange, Nasdaq. Blue Gold may secure new gold projects in West Africa, adding to its Bogoso Prestea project in Ghana. CEO Andrew Cavaghan hinted at this...

• Bassirou Diomaye Faye denounces credit rating agencies’ methodologies as ill-suited to African contexts.• Senegal urges reforms to enable fairer financing terms for low- and middle-income countries.• Launch of an African sovereign rating agency planned for September 2025. In Seville, Senegalese President Bassirou Diomaye Faye denounced the methodologies of international credit rating...

• Modi’s African tour marks first visit by an Indian head of government to Ghana in 30 years.• These visits aim to boost economic, energy, defense, and strategic ties with Ghana and Namibia.• India seeks to deepen engagement with ECOWAS and the African Union. Indian Prime Minister Shri Narendra Modi will visit Ghana from July 2 to 3 and Namibia on July 9 as part of his African diplomatic...

• Kenyan President William Ruto signs strategic partnership with UK Prime Minister Keir Starmer to boost trade, security, and technology cooperation.• Agreement targets doubling bilateral trade volume by 2030, from £1.8 billion in 2024.• UK commits $1.7 billion to support Kenya’s priority development sectors. On an official visit to the United Kingdom, Kenyan President William Ruto...

Kenya exports far more tea by volume than China and Sri Lanka but earns less revenue. Heavy reliance on bulk sales, a narrow product range, and limited market diversity hinder value capture. Recent reforms aim to reposition Kenyan tea on the global market. Since the start of 2025, Kenya has embarked on reforms in its tea sector aimed at boosting its competitiveness on the global...

(AfDB)-The Board of Directors of the African Development Bank Group has approved a $474.6 million loan for South Africa's Infrastructure Governance and Green Growth Programme (IGGGP). This financing marks a significant milestone in the country’s transition toward a sustainable, low-carbon economy. This IGGGP is the second phase of the Bank's strategic support for South Africa's Just...