Vitel Wireless launches as Nigeria’s new MVNO mobile provider Partners with major carriers to offer nationwide mobile services Entry expected to boost competition in 220M-subscriber market Vitel Wireless officially launched its mobile services on Thursday, October 30, marking a further step in the liberalization of Nigeria’s telecom market. The company recently secured the...

Plant to produce 100,000 tons of green ammonia annually Kenya aims to double geothermal capacity by 2030 China’s Kaishan Group Co. Ltd said on Tuesday that its subsidiary, Kaishan Terra Green Ammonia Limited, has signed a deal with Kenya’s electricity producer KenGen to build a 165.4-megawatt (MW) geothermal power plant in the East African nation. The project is estimated to cost...

UK pledges £500m guarantee to boost investment in Congo Focus on mining and energy sectors at London summit British investor delegation to visit Kinshasa in January 2026 UK Export Finance (UKEF), the United Kingdom’s export credit agency, announced a £500 million ($660 million) guarantee to support British businesses investing in the Democratic Republic of Congo (DRC). The...

The rule of law declined in 28 of the 38 African countries covered by the index, amidst a context marked by rising authoritarianism, a shrinking civic space, and the weakening of judicial independence. However, eight countries on the continent defied this trend, proving that improvement remains possible. Rwanda ranks highest in Africa for the rule of law, according to the World Justice Project...

Net profit reached CFA25.03 billion ($44 million), up 6% year-on-year Net banking income rose 7% to CFA77.36 billion, driven by higher interest margin Loans and deposits each increased 16%, lifting total assets to CFA2.83 trillion NSIA Banque Côte d’Ivoire, the second-largest bank in the WAEMU by total assets, reported a net profit of CFA25.03 billion (about $44 million) as of...

Net profit rose to CFA27.4 billion ($48 million) in the third quarter Banking income grew 16.4%, driven by fees and intermediation margin Deposits up 22.5% as BICICI strengthens local investor-led strategy The International Bank for Commerce and Industry of Côte d’Ivoire (BICICI), now controlled by a consortium of Ivorian institutional investors including BNI, CNPS, CDC-CI, and...

Fund to compensate road accident victims of uninsured or hit-and-run drivers Launch planned for January 1, 2026, after completion of setup measures Financing to come from insurance premiums and an initial state contribution Niger’s Automobile Guarantee Fund (FGA) is expected to begin operations on January 1, 2026, according to the final report presented in mid-October 2025 to Mamane...

Parliament authorizes up to $2.85 billion in external borrowing Plan includes a $500 million sovereign sukuk, the country’s first in foreign currency Funds to finance the 2025 deficit and refinance maturing Eurobonds Nigeria’s Parliament has approved a plan allowing the government to borrow up to $2.85 billion on international markets. The proposal, submitted by...

As of October 2025, the Ghanaian cedi (GHS) maintained its position as one of Africa’s best‑performing currencies in 2025, gaining around 30%+ against the U.S. dollar in the first half of the year. The stronger cedi is lowering the local currency cost of imports and helping ease inflation pressures. But the appreciation also reduces the localy denominated value of foreign assets, raises...

Oil demand expected to peak only in 2032, later than earlier forecasts Consumption to stay above 106 million barrels per day over the next decade Fossil fuels still cover about 80% of primary energy demand, WoodMac says Global oil demand will peak later than expected, according to the latest Energy Transition Outlook 2025 report from data provider Wood Mackenzie, cited by international...