Hanny G Investment secures €1 million to expand clean cooking production. About 4,300 stoves will be supplied to schools and institutions by 2029. The project supports health, forest protection, and gender inclusion goals. The Modern Cooking Facility for Africa (MCFA) announced on October 30 the signing of an agreement with Hanny G Investment Company Ltd, a Tanzanian firm that...

Togo launches TogoTech to unify and support 15 digital startups Platform aims to boost innovation, jobs, and public-private collaboration Deals signed to enhance cybersecurity and legal support for tech firms TogoTech, a new platform bringing together about 15 Togolese technology startups, was officially launched on October 24 under the supervision of Digital Transformation Minister Cina...

Cameroon seeks $141-$177M local bank facility to guarantee NHPC payments Move aims to cover Eneo’s arrears and prevent full drawdown of World Bank-backed SBLC Eneo’s mounting debt and cash shortfalls pose fiscal risks to government Cameroon’s Ministry of Finance is negotiating with Société Générale Cameroon and several local banks to set up a new financial guarantee...

Raw sugar dropped to 14.07 cents per pound on October 30, its lowest since 2020. Global output is expected to exceed demand by 1.98 million tons in 2025/26. Strong production in Brazil and India is fueling expectations of oversupply. Raw sugar prices fell to 14.07 cents per pound (0.45 kg) on the Intercontinental Exchange (ICE) in New York yesterday, their lowest level since October 2020....

Net profit fell to CFA11.9 billion amid rising raw material prices. Revenue increased slightly by 1.36% to CFA173.4 billion. The company expects profitability to improve in Q4 2025. Nestlé Côte d’Ivoire, the local dealer of Swiss food group Nestlé, reported a 21.3% decline in net profit during the third quarter of 2025. The company said the figures fell to CFA11.9 billion ($21.1...

Net profit rose to CFA83.3 billion, driven by cost control and strong activity. Customer deposits increased 13.9% to CFA2,939 billion. Loan-to-deposit ratio improved to 84.6% from 72.6% a year earlier. Société Générale Côte d’Ivoire (SGCI) reported a 12% increase in net profit for the third quarter of 2025, reaching CFA83.3 billion ($146.8 million). In its activity report published...

Cassava, STANLIB to expand AI-ready data centers in South Africa Project supports rising demand for cloud, connectivity, and digital infrastructure Follows Nvidia partnership to launch Africa’s first AI factory in South Africa Pan-African technology group Cassava Technologies announced on October 29 a partnership with STANLIB Infrastructure Investments to develop next-generation data...

The government plans about 4,000 rooftop solar units totaling 137 MW. The $200 million initiative is supported by a Swiss partnership and private funding. The project aims to reduce grid pressure and fossil fuel dependence. Ghana’s government has launched a $200 million initiative to finance the installation of rooftop solar systems nationwide. According to Ghana News Agency on...

Senegal launches 2025 Gov’athon to modernize public administration Over 2,000 participants submitted 812 innovation projects for selection Hackathon supports national tech goals under 2025 “New Technological Deal” The Senegalese government launched the second edition of Gov’athon, a national hackathon dedicated to digitally modernizing public administration, in Dakar on Friday,...

São Tomé and FAO launch digital platform to boost farm product sales Tool aims to cut post-harvest losses, improve market access for farmers Initiative supports youth jobs, modernizes agriculture in key export sector São Tomé and Príncipe, in partnership with the United Nations Food and Agriculture Organization (FAO), officially launched a new digital platform on October 24 to help...