(WAVE) - Wave Mobile Money, Africa’s fastest-growing mobile money platform, has raised EUR 117 million in debt financing to advance its mission of making affordable, user-centric financial services accessible to everyone. The financing was led by Rand Merchant Bank (RMB) and a consortium of global development finance institutions, including British International Investment (BII), Finnfund...

Burundi triples electricity capacity in five years, reaching 166.29 MW in 2025. Jiji-Mulembwe hydropower complex aims to supply 15,000 households and 7,000 businesses. National access to electricity remains under 12%, highlighting persistent distribution challenges. Burundi has achieved unprecedented growth in electricity production capacity over the past five years, yet it remains...

Nigeria cuts oil contract approval periods from 36 to 6 months, unlocking major stalled projects. Over $16 billion in new investments mobilized since 2023, accelerating activity in upstream oil. Sustainable recovery hinges on consistent reforms, stable fiscal terms, and improved security. Nigeria’s decision to slash the approval timeline for oil exploration and production...

Asia Mineral Limited signs agreement with Kerith Ressources to establish Kivuvu Kongo Mines in Kongo Central. DRC aims to reduce China’s 80% dominance over its mining sector by attracting new international partners. The Kivuvu project targets 2 million tonnes of annual manganese production and 2,500 jobs. Japan’s Asia Mineral Limited has signed a partnership agreement with...

In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful historical kingdoms: the Kingdom of Axum. Active from the 1st century AD, Axum rose to prominence as a wealthy commercial hub, a center of religious importance, and a cultural beacon that left a lasting imprint on African history. The...

LEO satellites and D2D tech offer low-cost internet access in underserved African regions. Firms like Starlink and Intelsat expand services via local partnerships. Market is growing fast, but needs regulatory and cost reforms for scale. In 2024, only 38% of Africa’s population had internet access, significantly lower than the global average of 68%, according to the International...

Ceva begins construction of 30,000 square meter logistics base near Kribi port, Cameroon Includes storage for 2,200 containers, ready by 2025–2026 Aim to Boost trade flow and Ceva’s presence alongside Douala site French logistics group Ceva Logistics, a subsidiary of the CMA CGM Group, has launched the construction of new logistics base in the port zone of Kribi, southern...

Cashew deliveries hit 208,000 tons mid-2025, up 18.6% from 2024 Only 20% exported so far, hampered by smuggling and high taxes Cashews made up 93% of 2023 export revenue. Guinea-Bissau has transported 208,833 tons of cashew nuts from production zones to the capital, Bissau, the country’s main port, as of mid-2025. This figure, announced by Director General of Foreign Trade...

Egypt starts building a solar components plant in Ain Sokhna’s economic zone Chinese group Sunrev is investing $200 million to develop the project in two phases The site will export $300 million worth of solar panels yearly to Africa, the Middle East, and Europe Egypt has launched construction of a new solar photovoltaic industrial complex in the Suez Canal Economic...

Gabon begins 300 km Alembé–Mikouyi road project to reduce rail reliance and improve regional logistics. Funded by BGFIBank and built by Porteo BTP, linking Libreville to central provinces. Aims to ease supply disruptions, boost rural access, and create local jobs. Gabon is advancing on the long-awaited Alembé-Mikouyi road development and paving project, a 300-kilometer stretch...