• ARPCE urged Airtel and MTN to address nationwide service quality shortcomings.• A Feb–April 2025 audit showed significant performance drops across key areas.• Both operators pledged to submit optimization plans to correct technical issues. The Regulatory Authority for Posts and Electronic Communications (ARPCE) has firmly called on mobile operators, Airtel and MTN, to substantially...

• Afreximbank committed to mobilize $1 billion for Tanzania over the next year.• Target sectors include manufacturing, infrastructure, oil refineries, and SMEs.• The pledge aligns with Tanzania’s five-year plan to drive industrial expansion. The African Import-Export Bank (Afreximbank) has pledged to mobilize $1 billion in funding for Tanzania over the next twelve months to...

Egypt completed technical planning for a ground link to Saudi Arabia via bridge or tunnel The plan includes high-speed rail corridors to support Egypt’s logistics hub ambitions. Political tensions, environmental risks, and funding gaps pose key obstacles. Egypt is moving forward with plans for a direct terrestrial link to Saudi Arabia, aiming to intensify work on a project that...

Carlo McLeod named special advisor and deputy director in Namibia’s upstream unit. His public-private background aligns with goals to shape oil and gas policy direction. The presidency aims to review regulations and boost local content as projects advance. Following her inauguration in March, Namibian President Netumbo Nandi-Ndaitwah decided to channel the management of...

Dangote Group is backing a new 32-ton/hour rice mill in Niger State, Nigeria. The mill is part of the Niger Foods Initiative, a public-private agriculture program. Nigeria is projected to import 3M tons of rice in 2024/25, 37% of total demand. In Nigeria, Niger State is set to host a new rice mill on a 30-hectare site in Wushishi. Fatima Wali Abdurrahman, the senior special adviser...

Kenya is promoting adventure tourism to create rural jobs amid 70% youth unemployment. The Kenya Tourism Board launched a global campaign with BBC StoryWorks on May 25. Job creation in guiding, hospitality, and local services is a key strategy. With about seven out of ten young people unemployed, according to the Federation of Kenyan Employers (FKE), Kenya seeks to rejuvenate its...

Kasapreko will offer up to 25% of its equity by end-2025 in Ghana’s first IPO since MTN. The move aims to diversify financing and increase investor interest in local markets. Kasapreko’s revenue hit $256M in 2024, with strong growth continuing in early 2025. Kasapreko Company Limited, a local drinks manufacturer, has confirmed its plans to go public by the end of 2025....

Canyon Resources gets CFA82 billion in financing from AFG Bank Cameroon. Funds will cover rail, port, and transport needs for the Minim Martap bauxite project. The company aims to begin bauxite exports from Cameroon by 2026. Canyon Resources, an Australian mining company, has secured a loan facility worth CFA82 billion, or approximately $140 million, from AFG Bank Cameroon. The...

Agence Ecofin, widely regarded as the leading French-language source for pan-African economic reporting, is now aiming higher: to become the top economic media outlet for the entire continent. To support this ambition, Ecofin’s newsroom—currently made up of 51 African business journalists—will gradually integrate English-speaking reporters and open additional regional bureaus. With...

Burkina Faso plans to install 800 telecom towers in 2025 to expand network access. The project targets 1,000 white zones by 2027, up from 183 connected by 2022. Security risks and infrastructure vandalism may hinder full implementation. The government of Burkina Faso plans to roll out 800 telecom towers in 2025 to facilitate network coverage in “white zones,” or areas devoid of...