Nigeria cuts benchmark rate 50 basis points to 26.5% Inflation eases to 15.10% in January 2026 FX reserves rise to $50.45 billion, highest in 13 years The Central Bank of Nigeria, CBN, cut its benchmark interest rate by 50 basis points to 26.5% from 27%, its Monetary Policy Committee, MPC, said in a communiqué released on Tuesday, Feb. 24. The bank said the decision followed a...

Burundi-DRC Kavimvira-Gatumba border crossing reopens Closure followed M23 seizure of Uvira in December Ceasefire talks advance under Doha Framework Agreement The Kavimvira-Gatumba border crossing between Burundi and the Democratic Republic of Congo (DRC) reopened on Monday, Feb. 23, local media reported. Congolese nationals can now return to the territories of Uvira and Fizi, even if they...

Cape Verde launches unified digital services portal GOV.CV Platform aims to boost efficiency, interoperability, transparency ITU ranks country 111th in e-government index The Cape Verdean government on Tuesday (Feb. 24) launched a unified portal for all digital public services, GOV.CV. Replacing multiple platforms used until now, the initiative aims to boost public trust in government,...

Tanzania, Botswana seek capacity on Angola’s AngoSat-2 satellite Kenya, DRC and Zambia also express interest Satellite seen key to narrowing Africa’s connectivity gap Tanzania and Botswana have expressed interest in securing capacity on Angola’s AngoSat-2 telecommunications satellite to strengthen their national connectivity infrastructure, underscoring growing regional demand for...

Airtel Africa Foundation launches $1 million tech fellowship Program supports 20 low-income STEM students in Uganda Initiative targets youth unemployment, skills mismatch challenges The Airtel Africa Foundation has launched the Airtel Africa Tech Fellowship in Uganda after a selection process that ran from December 2025 to January 2026. The program is supported by 3.85 billion Ugandan...

Blencowe to publish maiden Iyan graphite resource estimate Orom-Cross could become Uganda’s first graphite mine Project targets 2027 production, $160 million capex Blencowe Resources said on Tuesday it plans to publish a maiden resource estimate for the Iyan exploration target this quarter. The target lies within its Orom-Cross graphite project in Uganda. The company said...

ECOWAS, Spain’s AECID sign €16 million cooperation deal Program targets rural development, gender equality, regional integration Agreement supports agriculture, energy, infrastructure under Vision 2050 ECOWAS and the Spanish Agency for International Development Cooperation (AECID) signed two memoranda of understanding on Monday, Feb. 23, under the 2025-2028 ECOWAS-AECID...

Field capacity about 20,000 barrels per day NOC targets 1.6 million bpd output by 2026 Libya’s National Oil Corporation (NOC) said on Sunday, Feb. 22, that production has resumed at the Sinawen oil field in the Nalut region after more than three and a half years offline. The state-owned company said the shutdown was due to financial difficulties and technical issues affecting crude...

Spiro raises $50 million to expand battery-swapping network Afreximbank, AGG and Nithio back funding round Company deployed 80,000 e-motorcycles across six countries Spiro, an African leader in electric two-wheel mobility, announced Tuesday, Feb. 24, a $50 million funding round to expand its operations across the continent. The round was backed by the African...

BOAD says sovereign bond purchases are liquidity management Member states accelerate borrowing; Senegal raises 600 billion CFA Regional issuance seen exceeding 15,000 billion CFA in 2026 The West African Development Bank (BOAD) is defending its practice of investing part of its treasury in sovereign bonds issued by member states of the West African Economic and Monetary Union...