AfDB approves $150 million financing for Mozambique’s Coral Norte gas project Funding supports $7.2 billion offshore LNG development led by Eni Project targets 7 million tonnes annual capacity by 2028 The African Development Bank (AfDB) has approved $150 million in financing for the Coral Norte gas project, which is being developed offshore Mozambique in the Rovuma Basin....

Côte d’Ivoire, Benin agencies sign MoU to boost cross-border investment Deal covers information sharing, project support and business matchmaking Both economies post strong growth and improved business climates The Investment Promotion Center in Côte d’Ivoire (CEPICI) and Benin’s Investment and Export Promotion Agency (APIEx) have signed a memorandum of understanding (MoU) to...

Talks held with Tanzania’s Kiluwa Group on local production Growing mechanization boosts demand for tractors and farm equipment Belarusian agricultural machinery maker Minsk Tractor Works (MTZ) is considering setting up a tractor assembly plant in Tanzania. BelTA reported on Jan. 21 that the plan was discussed at a meeting in Minsk between MTZ executives and a delegation from...

Cameroon plans 150 billion CFA franc bond on Bvmac in 2026 Issuance depends on market conditions after past cancellations Cameroon remains one of Bvmac’s largest sovereign borrowers Cameroon plans to issue a new bond worth 150 billion CFA francs (about $268.5 million) on the Central African Securities Exchange (Bvmac) in 2026. Bvmac is the unified financial market for Cemac...

Sasol restarted Louisiana plastics plant after extended late-2025 shutdown Facility is part of $12-13 billion Lake Charles Chemicals Project Lake Charles remains strategic to Sasol’s profitability and debt reduction South African petrochemicals company Sasol said it restarted its plastics production plant in Louisiana in late December 2025 after an “extended shutdown” in the...

Cocoa futures hit two-year lows amid rising supply, weaker demand Market shifts into surplus after three consecutive deficit seasons High prices curb consumption despite increased output in West Africa Cocoa futures slid to two-year lows on Tuesday, Jan. 20. In London, prices sank to 3,315 pounds ($4,474) per tonne. On ICE in New York, they fell to as low as $4,612. The weakness...

Burundi launched e-KORI digital platform for online tax filing, payments Project aims to boost domestic revenue, reduce reliance on foreign aid World Bank-backed rollout targets compliance, governance and transparency Burundi on Monday launched development of the e-KORI system, a digital platform for online tax filing and the payment of taxes and fees, the government said. The project is...

DRC scrapped fuel tax exemptions, sharply boosting oil-related state revenue Monthly revenue jumped nearly 1,700% after reforms began July 2025 Customs collections exceeded targets, reaching 109% of 2025 plan A reform of tax expenditures on imports of refined petroleum products, introduced by the Congolese government, boosted state revenue in 2025. In a statement dated Jan. 20, 2026, the...

Zimbabwe to deploy 8,000 Starlink kits to schools nationwide Program targets remote areas, aiming to narrow digital education gap Rollout complements Project Giga school connectivity efforts The Zimbabwean government has decided to equip the country’s primary and secondary schools with 8,000 Starlink internet kits, in a bid to expand connectivity for schools nationwide,...

River navigation between Egypt and Sudan resumed after six-year suspension Route halted since 2019 due to costs, technical issues, later Sudan war Resumption expected to boost trade and cross-border travel River navigation between Sudan and Egypt resumed on Tuesday, Jan. 20, 2025, after a six-year halt, the Nile Valley Navigation Authority said. The move is expected to ease...