Afreximbank urges stronger trade finance to boost Africa's growth Intra-African trade hit $208B in 2024, but gaps persist Seminar in Abidjan focuses on skills, collaboration, and value chains The pan-African multilateral lender Afreximbank on Tuesday urged African financial institutions to urgently strengthen trade finance capacity and intensify collaboration to spur "inclusive and...

Sheikha Jawaher launches 65 scholarships for Moroccan women Program supports master's, PhD studies in key development fields Initiative aims to boost women’s role in scientific research Her Highness Sheikha Jawaher bint Mohammed Al Qasimi launched 65 university research scholarships on Tuesday, November 4, during an official visit to Marrakech and Ifrane, Morocco. The scholarships were...

As African companies accelerate their digital transformation, the demand for specialists skilled in harnessing massive volumes of data is skyrocketing. The role of the data scientist is emerging as one of the most coveted in the global digital economy. A data scientist collects, analyzes, and interprets large datasets to extract insights that guide strategic decisions. They identify relevant...

Cameroon considers new IMF program for 2026-2029 Finance Minister warns support loss risks fiscal, FX instability IMF aid key to CEMAC reserve stability, says BEAC governor A decision on whether to conclude a new economic and financial program between Cameroon and the International Monetary Fund (IMF) for 2026-2029 will soon be submitted to President Paul Biya for approval. The move...

BOA boosts capital by $115.9M via free share issuance 4.5M new shares distributed; stock price remains stable Group operates in 18 African nations, Europe, Asia, and U.S. Bank of Africa (BOA) announced on Monday, November 3, that it has completed a capital increase of 1.078 billion Moroccan dirhams (approximately $115.9 million) to strengthen its financial position. The move,...

BGFIBank commits $210M for Kribi oil refinery project New 30,000 bpd refinery to cut fuel imports, boost GDP SNH, Ariana Energies lead project; construction began in July BGFIBank Cameroon, a subsidiary of Gabonese banking group BGFI Holding, has officially committed to raising $210 million to finance the Cstar project, a new oil refinery planned for the port city of Kribi in...

Nigeria delays $2.3B Eurobond after Trump’s militant threat Government awaits market stability, final Justice Ministry approval Moody’s upgrades rating amid reforms, debt issuance still planned Nigeria has slightly delayed the launch of its $2.3 billion Eurobond issuance following comments from President Donald Trump, who threatened military action against Islamist militants...

A South African delegation visited Vietnam and Malaysia to promote meat exports to Asia. Talks are underway to open markets for beef, pork, and lamb in Southeast Asia. Asia already accounts for about 55% of South Africa’s $409.6 million meat export revenue. South Africa aims to expand its meat exports across Asian markets. A delegation led by Agriculture Minister John...

Ghana’s rice producers report over 200,000 tons of unsold stock amid import surges. Imports of milled rice rose 77% between 2021 and 2025, outpacing local production. The government tasked NAFCO to buy surplus stocks and stabilize the market. Ghana’s rice industry is raising alarms over rising imports that threaten local producers and undermine national efforts to achieve...

Nigerian eurobonds fell slightly after Donald Trump threatened military intervention. The 2051 eurobond dropped 0.5 cent before recovering, trading just below 92 cents per dollar. Analysts expect limited market impact as investors remain confident in Nigeria’s reforms. Nigerian sovereign bonds slipped slightly on Monday following remarks by U.S. President Donald Trump, who...