Ghana may raise 2025/2026 cocoa price to 3,300 cedis (\$319), up from 3,100 cedis Boost linked to cedi’s 42% gain and prior season trends Price still below farmers’ 6,000 cedi demand; harvest seen at 650,000 tons Ghanaian cocoa farmers may see a further increase in the farmgate price for the 2025/2026 season, which begins in August. Sources close to the Ghana Cocoa Board...

In 2024, Africa had over 500 million mobile internet users. From Gen Z to baby boomers, each generation is developing its own distinct ways of using the web. As of 2024, broadband internet usage in Africa remains relatively low at 38%, compared to the global average of 68%, according to the International Telecommunication Union (ITU). Despite this gap, some African countries are showing...

93.6% of industry players expect strong or moderate growth for African data centers Investment intentions remain high, with 77.4% likely to inject new capital Main growth drivers include rising data consumption and cloud service demand Africa’s data center industry is set for steady growth over the next year, with an average expansion rate of 17.5%, according to a new report from...

• Ghana plans to raise $4 billion over four years to support its 24-Hour Economy program• The initiative, launched by President Mahama, aims to boost productivity and create 1.7 million jobs• The program comes as the country battles inflation, debt restructuring, and rising unemployment Ghana’s government plans to raise $4 billion over the next four years to finance its...

• The United States, Japan, India, and Australia unveiled the Quad Critical Minerals Initiative on July 1• The plan aims to diversify and secure critical mineral supply chains essential for clean energy• Africa, holding about 30% of global critical mineral reserves, is expected to be central to future efforts The United States, Japan, India, and Australia, working together under the Quad...

• Mercedes Trucks signs agreement with Senegal to build a truck and commercial vehicle assembly plant.• The project will create hundreds of jobs initially, with thousands expected in the long term.• Factory to start with military vehicles production before expanding to civilian models. Senegal continues to advance its industrial ambitions by forging partnerships with leading international...

• Fily Sissoko will oversee a $8.5 billion World Bank portfolio spanning Mozambique, Madagascar, Mauritius, Comoros, and Seychelles.• His mission includes aligning projects with national priorities and strengthening partnerships with governments and stakeholders.• Sissoko succeeds Idah Pswarayi-Riddihough, who served four and a half years in the role. The World Bank announced on July...

• Ghana launches NAIMOS as the central authority to combat illegal mining activities nationwide.• The secretariat’s mandate includes environmental restoration and climate change mitigation.• Over 40,000 hectares of cocoa plantations already destroyed by illegal miners, according to GAWU. Ghana, Africa’s top gold producer, has long struggled with widespread illegal artisanal and...

• Two major Nigerian universities to host innovative training programs focused on leadership, innovation, and sustainability.• 200 students and teachers expected to benefit from direct exchanges with international experts.• Organizers plan to scale to 15 universities and train 2,000 people by 2030 aligned with Nigeria’s Vision 2030. Nigeria faces a challenging job market with 3.5 million...

• India’s NMDC launches a strategic center in Dubai to boost mining acquisitions in Africa.• A three-year copper and cobalt exploration campaign starts in Zambia, backed by India.• Indian Prime Minister Narendra Modi’s diplomatic tour in Ghana and Namibia focuses on securing supply agreements for key minerals. Africa holds an estimated 30% of the world’s critical mineral reserves,...