• CFM and SODEN secure $3 million for 76 MW cocoa biomass plant in Divo• Project to produce 550 GWh/year, cut 300,000 tons of CO₂, and aid 36,000 farmers• Full financing expected by 2026, with plant launch targeted for 2029 Article: Climate Fund Managers (CFM) and Société des Énergies Nouvelles (SODEN) have secured $3 million in funding to co-develop the world’s first...

Nationwide ban on potato imports announced, effective through June 30, 2025 Imports dropped 43.7% between 2020 and 2023, cutting costs by 41.2% Government warns of sanctions for non-compliance with the new measure Burkina Faso has temporarily suspended all potato imports until June 30, 2025, according to a government statement issued on June 2. The announcement, made jointly by the...

Tullow and Kosmos plan to drill 20 new wells under extended field licenses $2 billion investment aims to offset declining reserves and raise output Deal includes gas pricing reforms and targets 130 million cubic feet daily Tullow Oil and Kosmos Energy plan to invest $2 billion to drill up to 20 new wells in Ghana, under a new agreement with the Ghana National Petroleum...

New mining code increases state’s free stake in projects from 10% to 15% WAF confirms higher state participation in Sanbrado, Toega, and Kiaka mines Burkina Faso may boost paid stake to 45% under new legal provisions Burkina Faso’s share in gold mining projects operated by West African Resources (WAF) will rise to 15%, up from 10%, in line with the country’s revised mining...

Internet use in Africa is growing twice as fast as the global average Only 38% of Africans are online in 2024, far below the 68% global rate Sharp digital divides persist across gender, age, and geography Africa is seeing one of the fastest expansions of internet access in the world. But behind this rapid growth lies a patchwork of inequality that still leaves much of the...

Vodacom Tanzania Foundation to invest $1.3 million over three years Over 300,000 teachers to gain digital tools and connectivity KiuFunza program to expand to 865 schools, reaching 360,000 students The Vodacom Tanzania Foundation has announced a three-year investment of 3.25 billion Tanzanian shillings (about $1.3 million) to improve the national education system. The...

BCEAO lowers main rate from 3.50% to 3.25% effective June 16, 2025 Inflation eased to 2.3% in early 2025 amid stable macroeconomic outlook Policy aims to support credit access and economic activity across WAEMU The Central Bank of West African States (BCEAO) has lowered its key interest rate from 3.50% to 3.25%, effective June 16, 2025. The move, announced by Governor Jean-Claude...

Côte d’Ivoire adds kola nuts to new agricultural commodity exchange in Abidjan Sector faces declining output, poor structure, and lower export earnings Market listing aims to improve pricing, financing, and global integration Côte d’Ivoire, the world’s second-largest kola nut producer and its leading exporter, is taking steps to revive a struggling sector by listing kola...

Angola to add 1,200 km of new railway lines under its transport reform plan Intelligent systems will improve safety and operational efficiency Project supports economic diversification beyond the oil sector As part of its economic diversification strategy, Angola plans to expand its railway network by at least 1,200 kilometers, according to a June 3 announcement by the Ministry of...

Government suspends small-scale mining to reduce accident risk during rains Artisanal mining produces 6 tons of gold yearly but is often unsafe Most output bypasses official channels, contributing no state revenue Mali will suspend artisanal gold mining activities from June 15 to September 30, 2025, according to a statement released June 3 by the Ministry of Mines. The measure...