The price of uranium surpassed $100 per pound in early 2024, a record it had not reached since 2007. The surge was driven by renewed interest in nuclear power worldwide, affecting demand for uranium. Several African nations are taking notice of this trend. The Letlhakane project could produce an average of 3 million pounds of uranium annually over its 15-year lifespan, totaling 42 million...

For economic and environmental reasons, French firm Eramet stopped developing the Akonolinga rutile project in October 2023. The Cameroonian government is now looking for new ways to exploit it. Cameroon's Société Nationale des Mines (SNM) is seeking a partner to restart the Akonolinga rutile project after France's Eramet exited the project a year ago. SNM’s managing director, Serge...

The African healthcare system is at a critical juncture, facing numerous challenges that necessitate innovative solutions. By prioritizing innovation and investing in robust healthcare frameworks, African nations can address pressing health issues, reduce mortality rates, and pave the way for a healthier future. Kenya’s leading telecommunications company Safaricom announced on September 21...

These countries bought back CFA41 billion ($69.5 million) in debt last week on the public securities market organized by UMOA-Titres. The market continues to support the states with regular issuances, although the yields demanded by regional investors remain high. From September 17 to 20, 2024, four countries from the West African Economic and Monetary Union (WAEMU) raised CFA143 billion...

Ivorian SMEs are supported by incentives designed to boost their share of public contracts. During the first half of the year, they secured 71.1% of the contracts, though their share in total value has decreased. The number of public procurement awarded to SMEs in Côte d'Ivoire significantly increased during the first half of 2024, according to the final communiqué of the latest Council of...

In 2024, 19 African countries are recognized as strong performers in e-government, with scores of at least 0.5 out of 1. South Africa and Mauritius lead the rankings, while Tunisia has surpassed Seychelles. South Africa (0.8616), Mauritius (0.7506), and Tunisia (0.6935) top the African continent in the latest E-Government Development Index (EGDI), according to a new report by the United Nations...

A robust digital infrastructure is essential for supporting Africa’s fast-growing digital economy. A resilient internet ecosystem ensures that operations can continue smoothly even during global disruptions, which is critical for maintaining business continuity. The Ghana Internet Service Providers Association (GISPA) has called for urgent reforms to bolster the country’s digital...

An international coalition led by the World Bank and the African Development Bank (AfDB) aims to raise $90 billion to provide electricity to 300 million Africans by 2030. The program focuses on clean energy solutions. The Rockefeller Foundation, Global Alliance for People and Planet, and Sustainable Energy For All have announced their support for the initiative. These organizations will...

Nigeria is set to overhaul its tax system by reducing corporate taxes and removing value-added tax (VAT) on essential goods such as food and education. This move aims to support households, attract investors, and control inflation, though it remains to be seen if these changes will ease the strain on the struggling private sector. Taiwo Oyedele (pictured x), head of the Presidential Committee on...

In the first half of 2024, Côte d'Ivoire granted $467 million in tax and customs exemptions, according to a government announcement made on September 18. This marks an increase from the $332 million spent on exemptions during the same period in 2023. Most of these exemptions 63% of the total were for import duties, referred to as border taxes, accounting for more than $296...