Shareholders of Guinea Insurance approved a capital increase on Sept 8. Nigeria’s new law raises minimum capital for non-life insurers to 15 bln nairas. Guinea Insurance had 5.2 bln nairas in equity at end-2024, well below target. Shareholders of Nigeria’s Guinea Insurance Plc, a general insurance company, have approved a capital increase. The decision, announced on...

Leadway Holdings agreed to buy 100% of Pensions Alliance Limited. The merger with Leadway Pensure will create one of Nigeria’s largest pension firms. Pension assets in Nigeria could surpass 29.3 trillion nairas by end-2025. Nigerian financial services group Leadway Holdings Limited has reached an agreement to acquire 100% of Pensions Alliance Limited (PAL), a pension fund...

Congo’s Treasury aims to raise CFA55 billion ($98.2 million) on Sept 9. The issue includes short-term treasury bills and 3-year bonds at 6% interest. Public debt hit CFA8,536 billion in 2024, equal to 92.3% of GDP. Congo’s Treasury will seek CFA55 billion ($98.2 million) on the public securities market of the Bank of Central African States (BEAC) on September 9, the...

Burkina Faso will receive $250 million from the Global Fund for 2024-2026. The money will boost the fight against HIV/AIDS, tuberculosis, and malaria. Attacks have crippled 20% of health facilities, worsening the humanitarian crisis. Burkina Faso will receive $250 million in funding from the Global Fund as part of the 2024-2026 partnership cycle. The announcement was...

SpaceX buys EchoStar spectrum in $17B direct-to-cell deal Acquisition combines Starlink satellites with AWS-4, H-block licenses Move could expand satellite mobile access, challenges remain in Africa In a deal valued at $17 billion, Elon Musk's SpaceX announced on Monday, September 8, that it is acquiring mobile frequencies from U.S.-based EchoStar. The move is intended to...

Ghana suspends five remittance operators for regulatory breaches Firms linked to unauthorized activities with fintech partners Suspension lifted after new approval from Bank of Ghana Ghana’s central bank, Bank of Ghana (BoG) has suspended the money transfer partnerships of five operators for one month, effective Thursday, September 18, 2025. The affected companies are Taptap...

Over time, social media platforms, which have greatly contributed to freedom of expression worldwide, have increasingly become a source of misuse and abuse. While many governments are considering regulating these platforms, finding the right balance between preserving liberty and restricting harmful content remains a subject of intense debate. Despite a global surge in government requests to...

• Angola road deaths drop 4% in early 2025, says CNVOT• Pedestrians, passengers most affected; Luanda worst-hit province• Safety plan, enforcement boost credited for improved statistics Road deaths in Angola declined by 4% in the first half of 2025, according to new statistics from the National Road Traffic and Management Council (CNVOT). The country recorded 1,482 fatalities, 117 fewer...

• Transnet cuts losses 74%, posts strongest results in years• Revenue up 7.8%, aided by tariff hikes, not volume growth• Debt remains high as PPPs drive infrastructure shift Transnet, South Africa's state-owned logistics company, has reported a significant reduction in its losses for the 2024-2025 financial year, a sign that its initial liberalization efforts are paying off. The company's...

• Ézéchiel Nibigira named new ECCAS Commission president• Appointment aims to boost reforms, regional integration efforts• Tenure begins amid DRC tensions, Rwanda's ECCAS withdrawal Burundian politician Ézéchiel Nibigira has been named the new president of the Commission of the Economic Community of Central African States (ECCAS). The appointment, for a five-year term, was unanimously...