Uganda forecasts 558,000 tons of coffee for 2025/2026 season Output up 15% as new plantations begin production Higher crop expected to boost exports, after $2.2B record year Uganda expects to harvest 558,000 metric tons of coffee, equivalent to 9.3 million 60-kg bags, during the 2025/2026 season, Gerald Kyalo, Commissioner of the Coffee Department at the Ministry of Agriculture, told...

New facility supports AML/CFT tech upgrades amid global scrutiny Initiative aims to reduce de-risking, support trade and financial access The African Export-Import Bank (Afreximbank) has launched the Afreximbank Compliance System Financing Facility (ACSFF), a fund designed to help African banks invest in the technology and systems needed to meet international anti–money laundering (AML),...

Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M funding to expand digital and traditional banking New bank targets West Africa’s 78% unbanked population Wave Mobile Money, a fintech operating in eight African markets—including Senegal, Côte d'Ivoire, Cameroon, and The Gambia—has launched a commercial bank called Wave Bank Africa...

Mission 300 portal launched to track electrification progress in Africa 32M people connected since 2023; 84 projects across 39 countries $8.5B in World Bank funding supports goal of 300M connections by 2030 The Mission 300 initiative, led by the World Bank and the African Development Bank, has launched an interactive online portal to monitor progress toward its goal of giving 300 million...

Africa received $117B in food system aid from 2018 to 2023 Most funds went to agriculture, infrastructure, and emergency aid East Africa led in funding; 11 countries got half of all support External financing for Africa’s food systems reached $117 billion between 2018 and 2023, according to a joint study released by the International Fund for Agricultural Development (IFAD)...

Nigeria, South Africa, Mozambique, Burkina Faso removed from grey list Decision follows reforms in financial transparency and regulatory oversight Move boosts investor confidence, remittances, and cross-border transactions The Financial Action Task Force (FATF), the global anti-money laundering and counter-terrorist financing watchdog, announced on Friday that it has removed...

Gabon targets 9.2% non-oil growth in 2026 amid oil decline Infrastructure, LNG, mining, and agro sectors drive diversification push Stability holds, but fiscal pressure and reform needs remain high After decades of dependence on crude oil, Gabon is seeking to reshape its economy, targeting non-oil growth of 9.2% in 2026 — nearly triple the current rate. Official forecasts suggest this...

Ghana to earn $16B in oil revenue by 2035, Deloitte says Output declining due to aging fields, low investment, no new deals $3.5B in upstream oil investment expected, minister announces Ghana is expected to generate nearly $16 billion in oil revenue over the next ten years, according to new Deloitte estimates cited by Ghanaian media on Wednesday. The amount represents about...

Absa to acquire Standard Chartered’s retail, wealth units in Uganda Deal aligns with Absa’s regional growth, pending regulatory approval Standard Chartered continues exit from African retail banking markets Absa Bank Uganda, a subsidiary of South African financial group Absa, announced on Friday it has signed an agreement to acquire the retail and wealth management businesses of...

Agreement targets joint tech, green energy, and investment projects Bilateral trade hit $3.1B in 2024, up from $2.2B in 2023 Belgian Deputy Prime Minister Maxime Prévot and Moroccan Foreign Minister Nasser Bourita signed an agreement to strengthen bilateral cooperation in several key areas, the Belgian government said in a statement on Thursday. The deal establishes a...