Tandem Bank offset 2024 emissions through carbon credits from solar projects in Kenya and Uganda. Africa’s share of the voluntary carbon market tripled between 2020 and 2024. Credits are increasingly funding clean cooking and off-grid electrification. British lender Tandem Bank announced in late October 2025 that it had offset all its 2024 operational emissions by purchasing over 3,300...

NNPC Ltd rules out an IPO for now, remaining fully state-owned. The oil company focuses on operational reforms and refinery rehabilitation. Market and regulatory uncertainties weigh on African energy listings. Nigeria’s state-owned oil company NNPC Ltd has suspended plans for a potential public listing, confirming it will remain entirely government-owned for the foreseeable future. The...

Azura plans a $21.4 million investment in Dakhla to expand agroindustrial operations. The move follows the UN Security Council’s endorsement of Morocco’s autonomy plan for Western Sahara. The project will boost production and job creation in Morocco’s southern provinces. The Franco-Moroccan agrifood group Azura announced on November 1 an investment of 200 million dirhams ($21.4...

Frigoglass plans to raise its annual production in Egypt to 100,000 beverage refrigerators. The expansion could give the company a 30% share of Egypt’s beverage cooling market. The move targets growing demand driven by Egypt’s expanding beverage and cold chain sectors. Frigoglass, the Greek manufacturer of commercial refrigeration solutions, plans to increase its production of beverage...

Rwanda is negotiating with China to start exporting avocados there. The deal, now in advanced talks, could be signed soon, according to its embassy in Beijing. Avocados already account for about 30% of Rwanda’s fruit export earnings. The Rwandan government is in talks to secure access to China’s avocado market, according to a statement released on November 4 by the Rwandan embassy in...

Samb’a Assurances Gabon, the first microinsurance company in Central Africa licensed by the Inter-African Conference on Insurance Markets (CIMA), plans to establish a subsidiary dedicated to microinsurance in Cameroon in 2026. The announcement was made on Friday, October 31, 2025, by Dr. Andrew Crépin Gwodog, founder and CEO of Samb’a Finances Holding, during a meeting in Gabon with a...

FAO is supporting Zimbabwe's deployment of solar-powered irrigation, digital early-warning platforms, and Digital Villages Initiative. The EOSTAT project enables real-time crop monitoring and geospatial analytics for drought, pest, and land-use management. Agriculture contributes 15% to GDP, employs 53% of population, but faces recurring droughts. Zimbabwe, with coordinated support from...

The new bill modernizes the 2015 electronic signature framework. It gives full legal value to digital documents and transactions. A national digital ID system will simplify access to public services. Algeria’s government approved on November 2, 2025, a draft law defining the general rules governing trust services for electronic transactions and digital identification. The initiative aims...

Shell and Equinor signed a deal with Angola’s ANPG for 17 offshore blocks, marking Shell’s return after 20 years. The $1 billion project aims to boost output by up to 200,000 b/d by 2028 and strengthen local content and investment. Equinor consolidates its Angolan base as Shell expands its African footprint, reflecting renewed confidence in the oil sector. Anglo-Dutch major Shell...

Discussions continue after weeks of what both sides call productive negotiations. The new deal follows a suspended $1.8 billion program over undisclosed debts. Senegal seeks to restore investor confidence amid rising public debt. The International Monetary Fund (IMF) announced on November 4, 2025, that it has extended discussions with Senegal to finalize a new financing program,...