Presco launches $164M rights issue to fund expansion, open until Dec. 2 Offer allows shareholders to buy 1 new share for every 6 held Funds to boost palm oil output, cut imports in line with Nigeria’s agri plan Nigerian agro-industrial group Presco, one of the country’s leading palm oil producers listed on the Nigerian Exchange Limited (NGX), has launched a rights...

Piracy re-emerges off Somalia with three attacks reported in October 2025 Analysts link threat to Yemen instability and Houthi disruptions in Gulf of Aden Somalia passes anti-piracy law amid limited capacity and reliance on foreign forces Piracy has resurfaced off the coast of Somalia after more than a decade of relative calm. Bloomberg reported that three attacks occurred in October...

Naivas plans to expand from 111 to 200 stores, adding 10 yearly FY2025 revenue rose 21.6% to $885M; net profit up 43% to $18.4M Focus remains on Kenya, avoiding Nakumatt-style regional expansion risks Kenyan retailer Naivas is preparing a major expansion, with plans to eventually increase its store network to 200 locations from the current 111. The plan, disclosed by Managing...

Mali signs deal to align education sector’s digital systems with data laws Agreement includes training, curriculum updates, and secure data procedures New digital tools already saved $7M as education reforms advance Mali’s Ministry of National Education (MEN) has signed a partnership agreement with the Personal Data Protection Authority (APDP). The deal, signed on...

Koreg signs two new oil contracts, expanding onshore and offshore presence Gabon grants seven EPSCs to local firms in six months to boost participation Koreg aims for upstream integration as Auto block nears production phase Gabonese oil company Koreg is stepping up the expansion of its upstream activities. Local media reported on Tuesday, November 11, that the company has...

Biovac starts first oral cholera vaccine trial in 50 years amid Africa surge Africa accounts for 82% of global cholera cases; vaccine stockpiles strained New Cape Town lab backs AU goal to produce 60% of vaccines locally by 2040 South African biopharmaceutical company Biovac has begun clinical trials for an oral cholera vaccine, the first such trial in 50 years. Bloomberg...

FEDA invests $300M in A2MP to boost Africa’s mineral processing capacity Funds target rare earths, bauxite, manganese for green tech and batteries Investment to create jobs, support industrialization, and expand local value chains The Fund for Export Development in Africa (FEDA), the investment arm of the African Export-Import Bank (Afreximbank), announced on Tuesday,...

Bela Bela project to power gold mine, cut 143,000 tons CO₂ annually Danish, Swedish funds back Sturdee’s regional expansion under JETP program South African developer Sturdee Energy announced the financial close of its Bela Bela solar project on Wednesday, November 12. The plant, located in Limpopo Province, will have a capacity of 91.2 MW DC (75 MW AC) and is expected to generate about...

Germany pledges €50.3M to Togo for agriculture, health, and governance Berlin remains Togo’s top bilateral donor with €567M in total commitments Funding aligns with Togo’s 2030 roadmap and G20 Compact with Africa goals Germany announced on Wednesday new financial commitments worth 50.3 million euros (about 58 million dollars) for Togo. The announcement followed...

Vodacom partners with Starlink to expand broadband access across Africa Deal enables satellite-based services for remote areas and African businesses Move supports Vodacom’s Vision 2030 to grow users and digital services South Africa-based telecommunications company Vodacom announced an agreement on Wednesday, November 12, with U.S. satellite internet provider Starlink. The partnership...