Gozem launches Brazzaville operations, expanding across Francophone Africa App offers green taxis, rentals, and digital tools for drivers Entry follows Yango’s exit, targets mobility formalization and fintech growth Pan-African super app Gozem officially launched its operations in Brazzaville on Wednesday, Nov. 5, marking a key step in its expansion strategy across Francophone Africa....

Cape Verde is recognized as one of Africa's leaders in energy regulation, particularly in the management of its electricity sector. However, the nation faces challenges in integrating renewable energy into its existing grid and must contend with climate vulnerability that poses a significant threat to its critical infrastructure. Cape Verde and Portugal have signed a debt-conversion deal to...

Guinea’s SOGUIPAH secures $3M loan from BIG to revive operations Funds to restart production, improve logistics, and support farmer payments Loan supports 2025-2030 plan to expand palm oil and rubber processing The Guinean Oil Palm and Rubber Company (SOGUIPAH) has obtained a 30 billion Guinean Franc ($3 million) loan from the Islamic Bank of Guinea (BIG).  The financing...

Kevin Smith named De Beers COO, replacing retiring Burger Greeff on Dec. 1 Smith to oversee African operations amid diamond market slump and JV focus Leadership change follows talks on De Beers’ split from Anglo; Botswana eyes majority De Beers said on Nov. 5 that Kevin Smith will become its next Chief Operating Officer.  He will replace Burger Greeff, who is retiring at the end of...

Subsidies cost $180M in 2024; removal could raise fuel prices up to 30% Reform postponed to 2026 pending social protection and market conditions Gabon’s government will keep fuel subsidies in place for now.  Petroleum and Gas Minister Sosthène Nguema Nguema announced the decision on Nov. 6, according to local media. He said the measure was needed to protect economic stability...

Aminata Ndiaye Niang named CEO of Orange Madagascar, effective Nov. 1, 2025 Niang brings leadership experience from Sonatel, OMEA, and Orange subsidiaries Orange targets subscriber growth, financial inclusion, and expanded rural coverage Senegalese executive Aminata Ndiaye Niang has been appointed Chief Executive Officer of Orange Madagascar, effective Nov. 1, 2025. She succeeds Frédéric...

Nigeria to revive inland water transport in Niger Delta via ferry services New public-private body NDFS to develop safe, sustainable transport framework Sector plagued by accidents; Nigeria led 2023 inland water fatalities in Africa The Nigerian government plans to revive inland water transport in the Niger Delta. Regional Development Minister Abubakar Momoh revealed the plan earlier this...

IFC reviewing €7.5M loan for Catramp’s regional logistics expansion in Central Africa Project to boost warehouse capacity in Cameroon, Chad, and CAR; €10.1M total cost Catramp commits to environmental, social safeguards ahead of IFC board review The International Finance Corporation (IFC), the private sector arm of the World Bank Group, is reviewing a €7.5 million...

Gunvor drops bid for Lukoil’s foreign assets after U.S. sanctions warning Deal covered major African oil stakes; valued at $22B with no debt U.S. stance blocks approval; Lukoil must find new sanctioned-compliant buyer Swiss commodities trader Gunvor said on Nov. 6 it had withdrawn its bid for the overseas assets of Russia’s Lukoil. The move followed the U.S. Treasury’s...

Biovac opens mRNA-capable vaccine lab in Cape Town, backed by global donors Facility enables full vaccine production, supporting Africa’s health sovereignty goals Project aligns with AU plan to boost local vaccine output to 60% by 2040 The facility will support full vaccine and therapeutic manufacturing for diseases prevalent in Africa. The Cape Town facility is funded by the Gates...