• Local producers now drive over half of Nigeria’s crude output• Renaissance plans $15 billion investment; Seplat targets 140,000 bpd• Firms face high costs amid sabotage, theft, and weak infrastructure Nigeria’s new generation of local oil producers is reshaping the energy sector. As international companies such as Shell, ENI, and ExxonMobil reduce their presence, Nigerian firms...

• Land management remains a key challenge in Africa, limiting property and credit access• Fewer than 20% of Sub-Saharan countries had digital land registers in 2020• World Bank urges legal reforms, digital tools, and regional cooperation Land management continues to pose a major hurdle for many African countries, limiting access to property ownership and financial services. A number of...

• African food supply chains take four times longer than in Europe, causing delays and waste• Transport failures drive up food prices, with costs reaching 45% for some staples• World Bank identifies 50 key transport points to reduce food insecurity Food supply chains in Africa are, on average, four times longer than in Europe, leading to delivery delays, higher prices, and significant...

Government launches FNEE to finance electricity production and distribution Fund may support stalled projects under national development plan Gabon plans $1.93 billion investment in energy projects from 2024 to 2026 Gabon has established the National Fund for Energy and Water (FNEE) to support electricity production and distribution projects. The move, approved during a...

Two 100 MW solar plants with 33 MWh storage each planned in northern regions Projects support 2030 target of 45% renewables in national energy mix Bidders have until July 25 to apply for 25-year private power producer contracts Côte d’Ivoire has launched two international tenders for the construction of solar photovoltaic plants, each with 100 MW capacity and 33 MWh of storage....

Countries agree to deepen cooperation in mining, energy, and infrastructure New technical committee to accelerate joint development initiatives Trade between the two nations totaled $164.25 million in 2023 Senegal and Guinea have agreed to boost their bilateral cooperation across several sectors, including mining, energy, infrastructure, fishing, and culture. The announcement...

This strategic investment by AXIAN Telecom signals growing investor confidence in Africa’s digital economy and Jumia’s long-term potential as a regional technology leader. AXIAN Telecom has announced the acquisition of an 8.0% minority stake in Jumia Technologies AG (NYSE: JMIA), a pan-African e-commerce platform. The development, announced May 30, was disclosed through a Schedule 13D filing...

Uruguay-based dLocal announces plan to acquire African fintech AZA Finance Deal aims to boost cross-border payments and currency exchange services in Africa Africa's payment market could hit $1 trillion by 2035, despite high transfer costs dLocal, a global fintech company specializing in cross-border payment solutions, announced on June 2 that it plans to acquire AZA Finance,...

EACOP reaches 60% completion despite earlier financing challenges Around 6,000 jobs created, with 70% benefiting local communities Project expected to improve road infrastructure and digital access The East African Crude Oil Pipeline (EACOP) has reached 60% completion, according to Tanzanian media reports on June 3. The $10 billion project, which spans 1,443 kilometers,...

GoldBod exported over 41.5 tons of artisanal gold between February and May 2025 Revenue reached about $4 billion, surpassing industrial gold exports for the first time Ghana aims to earn $6 billion from ASM gold in 2025 and $12 billion in 2026 GoldBod, the state-run body overseeing gold trade in Ghana, exported more than 41.5 tons of gold from artisanal and...