• Emmerson devalues Khemisset potash project by $21.1 million due to legal dispute• Environmental permit rejected twice over water use concerns amid severe drought• The project’s future remains uncertain as arbitration proceedings move forward British mining company Emmerson Plc has slashed the value of its Khemisset potash project in Morocco by $21.1 million, citing ongoing...

• Hydropower supplies 20% of Africa's electricity but faces climate-related pressures• Solar energy is growing fast, with capacity expected to double by 2028• Combining both technologies offers a practical solution to energy security challenges Hydropower remains a major pillar of Africa’s energy mix, but solar energy is rapidly gaining ground as a strategic solution to support the...

• Africa has $4 trillion in unexploited resources to finance its own development• Lack of structured, safe channels keeps these funds from productive sectors• Private sector projects seen as key to unlocking infrastructure investments Africa has nearly $4 trillion in untapped financial resources that could be used to drive its development, according to Samaila Zubairu, President...

• Burkina Faso-based financial group, Vista Group Holding, has acquired a majority stake in Société Générale Burkina Faso (SGBF).•The move is part of Vista Group's pan-African expansion strategy and coincides with Société Générale's ongoing withdrawal from the African continent. Vista Group Holding, led by Burkinabe financier Simon Tiemtoré, announced on Monday, June 30, 2025, the...

• Mali plans to increase its total cotton cultivation area to 672,000 hectares in the 2025/2026 season, marking a 7.8% or 50,000-hectare increase from the previous area.• Along with this expansion, the government aims to boost seed cotton output by almost 20% to reach 682,000 tonnes. Mali, the second largest cotton producer in West Africa, has been striving to outpace Benin for several...

• Tanzania Railways Corporation inaugurated freight service on the Standard Gauge Railway (SGR) between Dar es Salaam and Dodoma.• The SGR is part of a $6 billion strategy to turn Tanzania into East Africa’s top logistics hub.• The first cargo train carried over 700 tons, marking a milestone in linking landlocked neighbors to maritime trade routes. Tanzania launched freight...

• World Bank advocates for green jobs as a strategic solution for Gabon's economy and youth unemployment.• Despite natural wealth, training in sustainable sectors is lacking, hindering job creation.• Coordinated strategy, private sector involvement, and donor support are crucial for implementation. As Gabon endeavors to revitalize its economy beyond oil and tackle persistent youth...

• Gabon signs two major financing agreements with Afreximbank totaling over $3.2 billion.• Projects target mining sector transformation, expanded energy capacity, and improved transport infrastructure.• Initiatives aim to address the country’s chronic energy shortages and support economic diversification. Gabon has secured over $3.2 billion in financing from Afreximbank to...

(AfDB) - The African Development Bank and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement strengthening their collaboration on sustainable economic development, designed to boost infrastructure development and economic opportunities across the African continent. The Memorandum of Understanding, which builds on an earlier one in 2018, was signed by African Development...

• Afreximbank to mobilize up to $1.5 billion for Chad’s private sector development.• Agreement supports key sectors, including agropastoral industries, export agriculture, and oil refining.• Financing aligns with Chad Connection 2030 plan to achieve 8% annual GDP growth. The Chadian government is relying on international financial institutions to fund the ambitious “Chad...