• EY is preparing to leave Francophone Sub-Saharan Africa by 2026• The exit could unlock $500 million to $1 billion in annual market potential• Local firms and global players like KPMG and Deloitte see new growth openings Global audit and consulting giant EY is reportedly preparing to withdraw from Francophone Sub-Saharan Africa, according to information from Confidentiel...

Sixty-five percent of banks in sub-Saharan Africa view cyber risks as a major hurdle to digitalization, according to the European Investment Bank. In response, several financial institutions across the region are bolstering their digital defenses. Ghislaine Samaké, Managing Director of Ecobank Guinea-Bissau, offered insight into her group’s cybersecurity strategy during the 2025 Cyber Africa...

Drafted tenth overall by the NBA's Phoenix Suns, 18-year-old center Khaman Maluach represents South Sudan's growing ambition to become a rising force in international basketball. On the evening of June 26, 2025, Khaman Maluach’s name resonated through Brooklyn’s Barclays Center. The 18-year-old center was selected tenth overall in the NBA Draft, the annual event where the league’s...

• Business leaders met in Abidjan to assess West Africa’s industrialization progress• Challenges include infrastructure gaps, affordable energy, and skilled labor shortages• Côte d’Ivoire ranks 13th in Africa for industrialization, 3rd in West Africa Private sector leaders gathered in Abidjan on July 3 to discuss how to accelerate regional industrialization across West Africa. This...

• Investors seem to keep focusing on yields, which are high for the moment• New Leadership might seek to address rating concerns • April 2026 allows testing investors’ sentiment with a call option on a bond maturing in May The value of international bonds issued by Afreximbank remains strong on European secondary markets, even after Moody’s downgraded its rating on the institution on...

• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo • License award comes on stream as part of the national strategy for digital development aimed at enhancing infrastructure and boosting digital economy  The Algerian government officially awarded commercial 5G licenses to the country's three main telecom operators - Mobilis, Djezzy, and...

• The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit Facility program to roughly $1.87 billion. • The new package will help Ethiopia implement its local economic reform program targeting macroeconomic imbalances and underpinning private sector-led growth. The agreement with Ethiopia in the...

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boosting regional trade and investment• Part of broader plan to modernize Nigeria’s transport infrastructure Nigeria has secured a $100 million loan from the ECOWAS Bank for Investment and Development (EBID) to help finance construction of a 47.7-kilometre section of the Lagos-Calabar...

• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector could grow to $20 bln annually and create 20 mln jobs with better funding and regulation• Nollywood and other industries remain underfinanced and vulnerable to piracy losses African film producers currently face limited and difficult-to-access financing, obstructing the growth of the...

• IFAD initiates a program worth $358.26 million to bolster dairy sector in Kenya, Rwanda, Tanzania, and Uganda • The program, called DaIMA, aims to strengthen the resilience of dairy systems, with a direct anticipated impact on 2.5 million people In East Africa, livestock farming is one of the main sources of revenue for small-scale farmers. As investment in the dairy sector...