Mining exploration investments in Côte d'Ivoire reached $122 million in 2024, according to S&P. The significant figure reflects investors’ growing interest in recent years; a phenomenon attributable to the country’s untapped gold potential and favorable business environment. On February 26, the Ivoirian Council of Ministers approved four decrees for mining exploration licenses. Three...

The UK maintains vital cooperation with Rwanda across several sectors. According to the Foreign, Commonwealth & Development Office (FCDO), the country is set to receive £32.1 million ($40.5 million) in bilateral aid for FY2024-25. The UK has announced the suspension of its bilateral aid to Rwanda and imposed diplomatic sanctions due to Kigali’s alleged support of the M23 rebel group in...

The mobility and fintech platform, operating in Togo, Benin, Gabon, and Cameroon, has attracted new funding following its earlier raises of $5 million in 2021 and $10 million in 2022. Mobility and delivery startup Gozem announced on Feb. 25 it has secured $30 million in Series B funding led by SAS Shipping Agencies Services, a subsidiary of MSC Mediterranean Company, and Al Mada...

South African authorities are working on several strategic measures to promote inclusive digital transformation and reduce inequalities. Authorities in South Africa are exploring ways to make smartphones more affordable for the population. The plan was revealed on Feb. 24 by Communications Minister Solly Malatsi during a meeting with the Global System for Mobile Communications Association...

The institution will highlight the attractive returns from its portfolio, which includes shares of listed companies and a diverse range of bonds. While some companies on the market are already well-known, BRVM leaders will need to address a few concerns. The Regional Stock Exchange (BRVM), which operates in the West African Economic and Monetary Union (WAEMU), is currently in London, UK, as part...

In Q4 2024, the non-oil sector accounted for 95.4% of Nigeria's GDP, with the services sector leading the way. Nigeria’s real GDP grew by 3.84% year-on-year in Q4 2024, up from 3.46% in Q4 2023, the National Bureau of Statistics (NBS) reported on February 25. The growth is largely attributed to the non-oil sector, particularly the services sector, which saw a growth of 5.37%,...

The opening of Abidjan’s second container terminal in November 2022 has significantly boosted container traffic, doubling volumes since then. This expansion keeps the port in the race for top performance in West Africa and on the continent. The port of Abidjan has seen a significant boost in activity, processing 1.6 million twenty-foot equivalent units (TEUs) in 2024, up from 840,926 TEUs in...

The report emphasizes that the relationship between conflict and climate change on the continent creates a complicated situation that worsens humanitarian crises and leads to widespread displacement. By 2050, around 113 million Africans may be forced to leave their homes and lands due to extreme weather events caused by climate change, according to a report released yesterday by the South...

Senegal plans to build a digital-first economy by 2034, integrating technology across all sectors. To bring this vision to life, a strategic roadmap has been designed with clear objectives and concrete actions. Senegal has launched an ambitious digital strategy called the “New Deal Technologique,” aiming to position the country as a regional and international tech hub by 2034. With a budget...

Afreximbank’s report suggests that Africa’s debt outlook should improve by 2028, driven by lower interest rates, progress in debt restructuring efforts across several countries, and a more favorable economic environment. Africa’s debt burden has surged over the years, with interest payments taking up a growing share of government revenues. In 2008, interest costs represented 6.8% of public...