S&P revised the outlook to positive while affirming B- sovereign ratings Growth above 5% is expected, driven by mining and export gains The move comes as the country prepares a $750 million debut Eurobond S&P Global Ratings said on January 23 it has revised the Democratic Republic of Congo’s sovereign outlook to positive from stable, while affirming its long-term foreign and local...

Nissan will sell its Rosslyn plant near Pretoria to Chery South Africa Vehicle production is expected to stop in May, pending regulatory approval Chery aims to expand its industrial footprint as Chinese brands gain market share A chapter of South Africa’s automotive industrial history is coming to an end. Japanese carmaker Nissan has announced the sale of its Rosslyn plant, near...

Debt funding rose to $1.64 billion in 2025, a record for Africa Debt accounted for 41% of total start-up capital invested Kenya led debt funding, followed by Egypt and Nigeria Debt financing for African startups rose sharply in 2025, both in value and number of deals, while equity funding remained broadly stable. The annual 2025 report by Partech Partners on venture capital in...

IMF plans a staff mission to Gabon in February, with no formal program request filed. Authorities say they intend to work toward IMF support after recent government changes. Rising debt and tighter financing conditions are increasing pressure on public finances. The International Monetary Fund plans to send a staff mission to Gabon in February as part of its ongoing dialogue with the...

Thor Explorations estimates capital costs of $254 million to build the Douta gold mine in Senegal. The project could produce 1 million ounces of gold over 12.6 years, starting in 2028. The pre-feasibility study shows a post-tax NPV of $633 million and an IRR of 61% at $3,500 gold. In Senegal, junior miner Thor Explorations will require $254 million to build a...

(CMOC) - CMOC has announced that it has completed the closing of its previously disclosed acquisition of Brazilian gold assets. The company first unveiled the transaction on December 15, 2025, with a plan to acquire 100% ownership of the Aurizona Gold Mine, the RDM Gold Mine and the Bahia complex from Canada-based Equinox Gold, for a total consideration of up to USD 1.015 billion. With all...

Germany raised its total JETP commitment to South Africa to €2.68 billion, up from €986 million in 2021. Germany has already disbursed more than €1.4 billion under a program running through 2027. European partners reaffirmed support for the JETP despite the United States’ withdrawal in 2025. Despite the withdrawal of the United States and an electricity...

Senegal plans to digitize its judicial system under its “New Deal technologique” strategy to improve efficiency and access. Judicial leaders support modernization but warn against risks to equity, ethics and human judgment. Internet penetration reached 60.6% in 2023, raising concerns about unequal access to digital justice services. President Bassirou Diomaye Faye reiterated...

Mauritania launched an international tender to award satellite communications licenses to expand internet access. About 63% of the population did not use the internet in 2023, despite near-universal 2G coverage. Authorities plan to allow GEO satellite operators first, while LEO providers like Starlink target entry in 2026. Mauritania has turned to satellite connectivity to expand internet...

Algeria plans to open more than 285,000 new vocational training places starting February 15, 2026. Authorities will expand workplace apprenticeships and residential training to improve youth employability. Youth unemployment stood at about 29.7% in 2024, underscoring pressure on the labor market. Ahead of the next vocational training intake scheduled for February 15, 2026, Algerian...