• Benin is accepting applications for the "Next Impact" program until June 14, offering funding and support to young entrepreneurs.• Selected projects can receive up to CFA30 million and benefit from six months of training, coaching, and expert access.• The program targets key sectors like agro-industry, green economy, and tech to help build strong, job-creating businesses. Benin is...

• EgyptAir orders ten Airbus A350-900 jets as part of a plan to grow its fleet from 70 to 97 aircraft by 2028.• The airline aims to strengthen its position against Ethiopian Airlines and Royal Air Maroc.• African air travel is expected to grow by 5.2% per year until 2040, despite structural challenges in the sector. Africa’s air travel market has long been led by three major players:...

• EU- and Germany-funded program launched to boost private investment in Zimbabwe’s clean energy• Platform will offer financial advice, regulatory support, and project development help• Solar energy prioritized as hydro production weakens under recurring droughts Yesterday, the GET.invest and GET.transform programs officially launched a new country window in Zimbabwe. Funded by the...

• Africa loses over $587 billion annually to capital flight, driven by corruption and illicit flows• External capital inflows totaled just $190.7 billion, far below the continent’s needs• AfDB calls for transparency and a reassessment of Africa’s risk profile During the African Development Bank’s presentation of its 2025 economic outlook for Africa, Professor Kevin Chika...

• South Africa explores US collaboration on hydraulic fracturing to access vast shale reserves• The Karoo Basin could hold up to 209 trillion cubic feet of gas, but legal and environmental hurdles remain• The government sees shale as a transitional energy source amid chronic power outages Amid an ongoing energy crisis, South Africa is reviving interest in a long-debated plan to exploit...

With the right policies, Africa has the potential to mobilize an additional $1.43 trillion in domestic resources from both tax and non-tax revenue sources, and curbing leakages. Africa’s economy is projected to increase from 3.3 percent growth in 2024 to 3.9 percent in 2025, reaching 4 percent in 2026, despite mounting geopolitical uncertainties and trade tensions, the African Development...

• Guinea withdraws 129 exploration permits for gold, diamond, and bauxite, returning titles to state control• AngloGold Ashanti among the companies affected, though permits revoked were already expired• Authorities plan to reassign the permits to new investors following a mining cadastre audit Guinea has intensified its effort to reform the mining sector, revoking 129 exploration permits,...

• Natref refinery, operated by Sasol and Prax Group, risks closure following a January fire and mounting costs• Sipho Mkhize warns of economic viability concerns tied to logistics, infrastructure, and debt• Sasol and Transnet reached a $240 million settlement that may help sustain refinery operations The Natref refinery in Sasolburg, South Africa, jointly operated by Sasol and Prax...

• Aliko Dangote and three other African philanthropists featured in TIME’s 2025 philanthropy list• Collectively, their foundations have committed billions to health, education, and poverty alleviation• TIME highlights their work as global aid budgets shrink and community needs rise The TIME 100 Philanthropy 2025 edition, published on May 20, honors individuals whose generosity is helping...

• The African Solidarity Fund has provided CFA225 billion ($390 million) in guarantees to support Niger’s development• Targeted sectors include education, energy, agro-industry, and economic infrastructure• These guarantees have helped mobilize CFA421 billion for the national economy since 1979 Since beginning operations in 1979, the Niamey-based African Solidarity Fund (FSA) has pledged...