Foreign banks can now apply for licenses to operate in Ethiopia New law allows foreign stakes in local banks, capped at 49% Reform is part of wider liberalization under Prime Minister Abiy Ahmed Foreign banks and international investors can now apply for banking licenses in Ethiopia, the National Bank of Ethiopia (NBE) announced on Wednesday, June 25. “The Ethiopian banking...

Zambia grants 43 energy licenses to boost petroleum distribution Adds fuel tankers, service stations, and repurposes TAZAMA pipeline Aims to localize transport, stabilize supply, and cut import reliance Zambia is moving to tighten control over its petroleum supply chain amid ongoing energy challenges. Last week, the Energy Regulation Board (ERB) announced it issued 43 licenses and...

Endeavour Mining produced 1.10 million ounces of gold in 2024, leading West Africa La Mancha, controlled by Egypt’s Sawiris family, holds the largest stake at 18.4% Endeavour operates five gold mines across Côte d’Ivoire, Burkina Faso, and Senegal With an annual gold output of 1.10 million ounces in 2024, Endeavour Mining stands as the largest gold producer in West Africa. The...

Aliko Dangote says Africa will no longer import fertilizer within 40 months His $2.5 billion plant in Nigeria already makes the country a net exporter of urea Africa still faces challenges in potash fertilizer production despite progress Africa may reach fertilizer self-sufficiency by early 2028, according to Nigerian billionaire Aliko Dangote. Speaking on June 27 at the 32nd...

Across Côte d'Ivoire, in major cities like Abidjan, Korhogo, and Gagnoa, a crucial question is sparking intense debate: Who will be the candidates in the October 2025 presidential election? This West African Francophone nation has seen its political landscape shaped for months by public declarations, party infighting, and impactful administrative rulings, with the most significant being Laurent...

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina Faso acquired both mines in 2024 but has struggled to exploit them effectively.• Authorities aim to boost state revenue by increasing control over gold assets. The West African Development Bank (BOAD) has approved CFA10 billion in funding to support Burkina Faso’s Boungou and Wahgnion gold...

• Ghana’s Cocobod announces plan to fulfill 100,000 tons of delayed contracts during the 2025/2026 harvest.• Production fell sharply in 2023/2024 due to bad weather, disease, illegal mining, and smuggling.• New measures aim to revive output and restore confidence in Ghana’s cocoa sector West Africa produces 70% of the world’s cocoa, with Ghana as the second-largest supplier after...

• Government plans to leverage TikTok’s popularity to promote its “One Million Coders” initiative. • STEM content on TikTok seen as key to engaging youth in digital skills learning. • Challenges remain, including internet access disparities, data costs, and data privacy concerns. Ghana is exploring an innovative strategy to boost digital skills by turning to TikTok, one of the...

• The reason behind this adjustment has not been detailed• Investor will be looking forward the operation’s prospectus• The IPO would occur amid business efficiency improvements from both companies Speaking at the 32nd Annual General Meetings of the African Export-Import Bank (Afreximbank) on June 27th, 2025, Aliko Dangote, Chairman and CEO of Dangote Industries, announced new timelines...

This successful bond sale not only reinforces AXIAN Telecom’s financial strength but also signals growing investor confidence in African digital infrastructure as a key driver of economic development. AXIAN Telecom, a pan-African provider of telecommunications, digital infrastructure, and mobile financial services, has successfully raised $600 million in bond issuance maturing in 2030....