• Nigeria will deploy seven million smart meters to curb power cuts and boost electricity revenue.• The move supports a broader reform to end estimated billing and repay CFA3.3 trillion in sector debts.• Authorities plan to phase out subsidies for heavy-use customers and enforce stricter compliance. Nigeria's Minister of Power, Adebayo Adelabu, announced that the country is relying on...

Government aims to embed AI in public health as part of digital transformation Pilot project launched in two hospitals, tied to broader national digital strategy Strategy targets improved care, accessibility, and health system governance The Madagascar authorities have pressed ahead with digitizing their healthcare system, following the launch of a project in March to digitalize...

Coris Bank International Côte d’Ivoire receives $34.3 million loan from Proparco to support SMEs The financing complements a renewed trade guarantee facility agreed in April 2025 Partnership with Proparco has expanded across multiple Coris Group subsidiaries since 2021 Coris Bank International Côte d’Ivoire (CBI CI) has secured a senior loan of €30 million, or...

Global storage capacity to double by 2025, lifting demand for lithium, phosphorus, and manganese BESS sector could account for 20% of battery market by 2030 Shift to LFP batteries weakens outlook for cobalt and nickel in energy storage With their crucial role in the energy transition, demand for critical minerals has surged in recent years. While the electric vehicle market remains...

African countries' public debt service forecasted to average 137.4% of their annual climate financing needs by 2030, says a report by the Institute for Economic Justice. Despite Africa’s overall external debt being relatively low, debt service payouts have reached the highest level since the early 2000s debt crisis. The continual rise of Africa's debt service is curtailing the...

Production goal represents a 60% increase from 2024 levels GMC and China’s TMI investing $450 million in first national manganese refinery Project aims to boost value addition and create over 1,000 direct jobs Ghana, currently the third-largest producer of manganese in Africa after Gabon and South Africa, intends to significantly increase its production in 2025. According to...

Feasibility study submitted by CPCS Transcom UK Ltd after April 2025 launch Corridor to link Walvis Bay and Gaborone, covering 1,500 kilometers Project now framed as a broader development corridor beyond coal transport Originally conceived in 2010, the Trans-Kalahari railway corridor project has seen a resurgence of interest from Namibian and Botswanan authorities. Noteworthy...

Proptech sector accounts for 33% of total funding, fintech leads in deal volume Government pushes reform and support through Ministerial Group for Entrepreneurship Major acquisitions and debt deals highlight ecosystem’s resilience Egypt's start-up ecosystem is witnessing rapid growth, despite macroeconomic challenges and limited access to financing. The government is stepping in...

Sonelgaz strengthens national grid ahead of expected summer power demand 1,100 MW added to capacity along with new lines, transformers, and turbines Measures also target fire prevention and support for remote areas With the summer season leading to a significant increase in electricity demand in the Maghreb region, proactive steps are needed to prevent pressure on power networks....

- Bill Gates commits to allocate major part of his $200 billion wealth to support Africa's development initiatives - The funding focus will be on healthcare, education, and economic development in cooperation with African governments Speaking in the Nelson Mandela room of the African Union, Bill Gates pledged to devote a significant portion of his $200 billion fortune to facilitate...