About 70% of offshore acreage remains untapped amid declining output New licensing rounds planned for 2026 to attract further investment Gabon is moving ahead with its deepwater expansion strategy through new partnerships with two international oil majors. Within a week, the country signed two memorandums of understanding aimed at boosting offshore exploration. The most recent, announced...

Bank of Botswana raises key interest rate to 3.5% amid liquidity crunch Move responds to rising interbank rates, falling diamond revenues, and debt Economy contracts again in 2025; inflation projected to hit 6% next year Bank of Botswana sharply raised its benchmark interest rate to 3.5% from 1.9% on Thursday, October 30, 2025, in a move to contain surging interbank lending rates fueled...

Alucam posts 23.7B XAF loss in 2024, seeks strategic investor for revival New raw material deal with Proalu aims to boost cash flow, stabilize output Cameroon’s aluminum output fell by 40.8% in the first quarter of 2025, according to the Ministry of Finance’s quarterly economic outlook. The decline resulted from a technical failure that forced the shutdown of more than half of the...

Kipushi zinc mine posts record $129M Q3 revenue, up from $96.7M in Q2 Zinc sales rose to nearly 50,000 tonnes as output steadily increased Low global zinc prices may limit revenue gains despite higher production Kipushi, the largest zinc mine in the Democratic Republic of Congo, generated $129 million in revenue in the third quarter of 2025, according to a financial...

Coris Bank Q3 profit rises 6.25% to $93.5M on stronger operations Deposits up nearly 10%, but customer loans fall 3.2% year-on-year Bank outlook stable amid Burkina Faso’s economic rebound and investment push Coris Bank International (CBI SA), one of Burkina Faso’s top lenders, posted a 6.25% rise in third-quarter 2025 net profit to 52.9 billion CFA francs ($93.5 million),...

Program targets 25,000 children across 390 centers over four years Funding tied to measurable outcomes to improve access, quality, and inclusion Rwanda, on Wednesday, launched Nkuza Neza, the country's first national results-based financing program for early childhood care and education for three- to five-year-olds. The $13 million initiative aims to boost the quality, inclusion,...

UNEP’s 2025 Adaptation Gap Report warns of rising financing needs. International public funds for adaptation fell to $26 billion in 2023. Current support covers less than one-twelfth of developing countries’ needs. Developing countries will require between $310 billion and $365 billion per year by 2035 to adapt to climate change, according to the Adaptation Gap...

The first “Research Training School” in Africa gathers 15 researchers from 10 countries. The program is led by the IRD, CERD, and ADAC with support from the French Embassy. It aims to strengthen local research capacity on climate and development issues. The French Embassy in Djibouti announced on October 28 the launch of the first “Research Training School” in Africa,...

Meta selects Safaricom as landing partner for a high-capacity cable. The system will be fully funded by Meta’s subsidiary Edge Network Services. The project aims to boost Kenya’s connectivity and digital resilience. Safaricom’s subsea cable project is moving forward. The Kenyan telecom company announced on October 28 the signing of an agreement with U.S. tech firm Meta, which...

SEEG loses CFA30–40 billion yearly due to illegal connections and tampering. Nearly 25% of electricity supplied nationwide goes unbilled. The utility plans smart meters and awareness campaigns to curb losses. The Société d’Énergie et d’Eau du Gabon (SEEG) has called for a national mobilization to curb energy fraud, which costs the company an estimated CFA30–40 billion ($49–66...