The Financial Action Task Force (FATF) removed Burkina Faso from its grey list following extensive reforms. Ouagadougou implemented a 40-point action plan including an electronic beneficial-ownership registry and anti-money-laundering legislation. The government says delisting enhances national financial credibility and facilitates better terms in international capital markets. The...

Oppo invests $50 million in a new smartphone factory employing ~2,000 workers. Egypt enforces import taxes and digital customs tools to push local manufacturing. The plant targets 500,000 units per month by 2026. Chinese technology company Oppo has opened a smartphone manufacturing plant in Egypt as part of a $50 million investment plan to expand its production footprint. The...

Global Atomic raised CAD 37 million on Toronto Stock Exchange to fund the Dasa uranium project. The company still seeks bank financing covering 60% of the USD 424.6 million project cost. Global Atomic expects commissioning in H2 2026, dependent on securing full financing. Global Atomic has sought a loan since 2022 to develop its Dasa uranium mine in Niger, which it plans to start up...

Ivanhoe Atlantic finished environmental and social impact studies for its Kon Kweni iron ore project. NGOs warn the mine threatens a UNESCO World Heritage biosphere home to critically endangered West African chimpanzees. Ivanhoe targets first production in 2027 and aims to secure permits by early 2026. US mining company Ivanhoe Atlantic said on Thursday, October 23, that it completed the...

IMAIS expects production to rise after a disappointing 2024/2025 harvest. Senegal’s corn output fell 12.7% to 495,571 tonnes in 2024/2025. Corn imports rose 19% in 2024 to 512,740 tonnes. Corn ranks as Senegal’s third most cultivated and consumed cereal after rice and millet. The first outlook for the new crop year suggests stronger production after a weak 2024/2025 season. The...

Ghana is trying to reconcile its clean-energy ambitions with the need to restore fiscal balance in a power sector weighed down by excess capacity. The challenge is to draw new solar and wind investment without repeating past contractual mistakes, while keeping energy clean, affordable, and sustainable. Despite its well-documented solar and wind potential, Ghana is struggling to attract private...

Kenya, Uganda approve feasibility study for 200km cross-border highway AfDB-backed project to expand roads, modernize key border posts Aims to boost trade, mobility along vital East African corridor The Ugandan and Kenyan governments approved, earlier this week, the feasibility study for the Kisumu-Busia / Kakira-Malaba cross-border highway project, a 200-kilometer strategic route designed...

Funds to support debt repayment, health, salaries, and fiscal reforms Marks renewed cooperation after 2021 freeze in French aid The French Development Agency (AFD) and the Central African Republic (CAR) signed a €25 million budget-support loan agreement on October 22. The financing strengthens bilateral cooperation between Paris and Bangui and is intended to support reforms that...

Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and strong yearly dividend payments. The company’s sales have grown fast over the years, helped by better internet services and the success of Orange Money. Profits have bounced back thanks to cost control and new digital services, giving Sonatel a solid base for future growth. Senegal based...

The Eyo Festival, also known as the Adamu Orisha Play, stands among the most iconic cultural events in Lagos, Nigeria. This traditional Yoruba procession, organized by the Eko people — the indigenous inhabitants of Lagos — honors the ancestors and marks significant occasions such as the funeral of a prominent figure or the installation of a new traditional leader. Historically, the Eyo...