Extractive revenues rose to CFA124.25 billion in 2023 from CFA19 billion a year earlier. The increase was driven mainly by CFA102.99 billion in debt-offset operations at SNPT. The sector accounts for 1.1% of GDP but over 10% of public revenue. Togo’s extractive sector generated about CFA124.25 billion in 2023, up from CFA19 billion in 2022, based on figures from the Togo EITI Report 2023...

President Tinubu approved incentives limited to the Bonga South West oil project. The project targets output of up to 150,000 barrels per day. The government wants a final investment decision by mid-2027. Nigeria’s President Bola Tinubu approved targeted incentives on January 22, to accelerate the Bonga South West oil project operated by Shell. Speaking during a meeting in Abuja with a...

InfraCredit guaranteed a naira-denominated debt issue for First Electric. The project will deploy 20 mesh-grid systems across three Nigerian states. More than 5,100 households and businesses are set to gain electricity access. InfraCredit, a specialist in local-currency credit guarantees for infrastructure, said on January 23 it had provided a credit guarantee for a naira-denominated debt...

Africa ran a $16.7 billion agricultural trade deficit in 2023. Five countries recorded net agricultural export surpluses over 2019–2023. South Africa and Côte d’Ivoire led the ranking by trade balance. Africa has posted a persistent agricultural trade deficit since 2006, with imports consistently exceeding exports. The 2025 edition of the Africa Agricultural Trade Monitor (AATM),...

Cameroon posted the highest cotton yield in Africa at 1.54 tons per hectare. Yields were well above West Africa’s average and India’s output level. Uganda, Sudan, Egypt, and Benin complete the African top five. According to the study, Cameroon is the African country with the highest cotton yield. The leading economy in the CEMAC region recorded production of 1.54 tons per hectare in...

The DRC plans to invest CFA14.5 billion to build cereal storage silos nationwide. A pilot silo with 5,000-ton capacity will be built in Kongo Central. The project aims to strengthen food security and price stabilization. The Democratic Republic of the Congo (DRC), through its General Strategic Reserve (RSG), plans to roll out a nationwide network of grain silos to store cereals. Under the...

The Gambia awarded Ghana’s Margins ID Group a contract for its national digital ID system Digital IDs support governance and service delivery, but adult ID coverage remains below 70% in much of SSA Governance gaps, exclusion risks, and reliance on foreign vendors continue to challenge rollout efforts Digital identity systems are becoming a core part of Africa’s public infrastructure,...

Africa accounts for approximately 60% of global solar potential, while announced solar projects across the continent total about 148 GW of planned capacity. Around 600 million people in Africa remain without access to electricity, while the cost of solar-plus-storage has declined to approximately USD 76/MWh. Achieving continental energy and climate targets requires an estimated USD 277...

Kenya’s competition authority approved Zenith Bank’s takeover of Paramount Bank. The deal would give Zenith its first foothold in the Kenyan banking market. Paramount Bank ranks among Kenya’s smallest lenders, with a 0.2% market share. Kenya’s Competition Authority (CAK) announced on Jan. 22 it had approved the acquisition of 100% of Paramount Bank Limited by Zenith Bank, one of...

Ghana’s poverty rate declined from 24.9% to 21.9% in less than one year. More than 360,000 people exited multidimensional poverty in Q3 2025. Rural areas and northern regions remain the most affected. Ghana’s poverty rate fell to 21.9% in the third quarter of 2025, down from 24.9% in the fourth quarter of 2024, according to data released on Jan. 21 by the Ghana Statistical...