Spark+ Africa Fund granted $6.4 million in impact financing to Baobab Group Côte d’Ivoire, the country’s largest microfinance institution, to scale lending for clean cooking and LPG solutions. The initiative supports Côte d’Ivoire’s national goal to raise clean cooking access to 50%, up from 20% today, reaching 2.4 million additional households. The fund is linking microfinance...

The Nigerian government targets 1.8 million tonnes of annual sugar production by 2033, up from 75,000 tonnes currently. The National Sugar Development Council (NSDC) approved the Lee Group to implement a new sugar project in Taraba State. This project follows major 2024 deals, including a $1 billion partnership with SINOMACH and agreements covering 400,000 tonnes of annual...

Sub-Saharan Africa’s working-age population will rise by over 620 million by 2050, requiring 25 million new jobs annually. The World Bank urges the region to boost medium and large enterprises to absorb labor growth. Persistent conflicts, climate impacts, and weak public finances threaten job creation. The World Bank warned that Sub-Saharan Africa must urgently address structural...

African negotiators initially demanded $1.3 trillion per year to meet Paris Agreement objectives, receiving a fraction of this amount. The COP29 agreement only promised "at least $300 billion annually by 2035" for all developing nations, largely structured as debt. Africa allocates approximately $163 billion annually to debt service, often owed to the same climate-lending...

The regulator accuses AVZ and two executives of misleading investors. The case concerns undisclosed disputes over the Manono lithium project in the DRC. AVZ denies wrongdoing and vows to contest the allegations. Australia’s Securities and Investments Commission (ASIC) announced on Tuesday, November 11, that it has filed a lawsuit in Federal Court against AVZ Minerals, the mining company...

The budget will fund 20,000 tons of certified potato seeds for farmers. The volume of subsidized seeds rises from 18,346 to 20,000 tons this season. Senegal’s potato output hit a record 250,000 tons in 2024/2025. Senegal’s government has allocated CFA7.3 billion ($12.8 million) under its potato seed subsidy program for the 2025/2026 horticultural season, according to a statement...

Namibia to launch national campaign on AI, digital and media literacy Govt cites rise in scams, deepfakes, and disinformation as key threats AI framework in development to guide ethics, transparency, and data protection Amid the rise of digital applications and growing risks from disinformation, the Namibian government says it is urgent to educate the public. The goal is to help citizens...

Export volumes rose 22% to 3.05 million tons, exceeding 3 million for the first time. Favorable weather, new orchards, and stronger EU demand boosted performance. The industry faces U.S. tariffs and high input costs despite record shipments. South Africa’s citrus industry exported 203.4 million cartons of fruit, equivalent to 3.05 million tons (15 kg per carton), during the 2025...

Projects to create 5,500 jobs, introduce first Luxury All-Inclusive resorts Part of Morocco’s plan to attract 26M tourists by 2030 ahead of the World Cup Turkish hotel chain Rixos Hotels and Moroccan real estate developer Alliances Group signed a letter of intent on Friday, November 7, to build several luxury hotels in Morocco, with a total investment of 3 billion Moroccan dirhams, or...

Inspired Evolution leads $60M equity round to expand Sedgeley Solar Group SSG to grow decentralized solar capacity across Southern Africa’s C&I sector Deal supports clean energy push as power demand outpaces grid reliability South African fund manager Inspired Evolution announced Monday, November 10, that it has led a $60 million equity investment. The deal was carried out...