Between 2010 and 2022, West Africa emerged as the world’s fastest-growing gold production region, fueled by untapped reserves and increasing interest from global investors, particularly from Canada, China, and Australia. On Tuesday, March 25, Sanu Gold announced it had raised C$12 million ($8.4 million) through a share placement to fund exploration on its gold licenses in Guinea. The Lundin...

Paladin Energy has revised its uranium production target at Namibia's Langer Heinrich mine to 3 to 3.6 million pounds for the current fiscal year. However, new operational challenges have emerged, raising doubts about the mine's ability to meet these projections. Paladin Energy announced on March 26 that operations at Namibia's Langer Heinrich uranium mine have resumed after heavy rains...

Africa is gearing up to compete with China in rare earths. Projects in Malawi, Tanzania, and Namibia are driving this shift, with Malawi’s Songwe Hill mine set to supply a Polish processing plant backed by the European Union. On March 25, the European Commission listed 47 projects to secure critical raw materials for the EU. Poland’s Pulawy rare earth separation plant, sourcing from Songwe...

According to the World Bank, Malawi’s mining sector contributed just 0.7% to GDP and 3.5% to government revenue in 2023. Despite its modest role, the sector is poised for growth as several projects progress. On March 24, Sovereign Metals, an Australian mining firm, announced plans to raise A$40 million (approximately US$25 million) through a private placement. The funds will support...

Africa has long struggled with limited mobile network coverage, especially in remote areas where traditional cell towers are costly and difficult to deploy. Satellite-to-mobile technology could play a pivotal role in achieving universal digital access, fostering economic growth and social development. MTN South Africa and satellite provider Lynk Global have successfully conducted a...

The East African Community has approved a roadmap to modernize and unify payment systems across member states. The plan targets faster transactions, lower costs, and better access for people, businesses, and banks. High fees and poor interoperability remain major hurdles to efficient cross-border payments. The East African Community (EAC) is taking new steps to make cross-border payments...

Access to electricity remains a major challenge across Africa. To address this, various initiatives have been implemented to improve access to reliable and affordable power. Nigerian fintech Payhippo has rebranded as Rivy, the company announced on March 26. It has also secured $4 million in pre-Series A funding, split evenly between $2 million in equity and $2 million in debt. The...

Côte d'Ivoire raises CFA 220 billion in international bond, first for an African state Interest rates lower than regional market, highlighting foreign investor confidence Plans to raise CFA 1,100 billion more in Q2 2025 amid upcoming debt repayments On March 26, 2025, Côte d’Ivoire made history by issuing the first-ever CFA franc-denominated bond on the international market,...

 (Ecofin Agency)   Nigeria sets up $650 million fund for affordable housing World Bank provides concessional loan to support initiative Housing crisis worsens as urbanization pressures infrastructure The Nigerian government is setting up a fund worth 1 trillion naira (about $650.5 million) to help provide affordable mortgages, as reported by Bloomberg....

With sustained investment in digital education and infrastructure, Nigeria is on track to becoming a global leader in the digital economy, fostering innovation, job creation, and economic resilience. Airtel Africa Foundation announced on March 26 that it has officially fulfilled its ₦1 billion ($650,111.37) commitment to the Federal Government’s 3 Million Technical Talent (3MTT) program, a...