• Wema Bank to raise 50 billion naira ($31.4 million) via private placement• Part of broader 200 billion naira recapitalization to meet CBN requirements• Offer supports national license compliance and long-term growth goals Wema Bank, Nigeria’s pioneer in digital banking, plans to raise 50 billion naira (approximately $31.4 million) through a private placement, as part of its...

• Second phase of Mali’s PNIP targets unfinished goals from the 2012 launch• Funding expected from government, partners, agri-businesses, and communities• Just 52% of initial irrigation target reached; vast potential remains untapped Mali, like many other Sahel countries, views irrigation as critical to reducing agriculture’s vulnerability to drought. The advancement of irrigation...

• Copper supply could fall short by 40% by 2035, says IEA, citing underinvestment• UNCTAD estimates $250B needed to develop 80 new mines by 2030• Long timelines, slow funding, and growing demand risk a global bottleneck Copper, a key metal in the energy transition, is facing rising demand that current supply is struggling to meet. From electric vehicles to renewable energy systems,...

• Nigeria loses over 200,000 barrels of crude oil daily to theft, per Senate figures• Theft impacts revenue, narrows fiscal margins, and weakens the national currency• Investigations target pipeline sabotage, illicit sales, and surveillance failures Nigeria is losing around 200,000 barrels of crude oil daily to theft and pipeline sabotage, according to Senator Ned Nwoko, chairman of the...

With strategic investments in broadband, 5G, and digital skills, Egypt is laying the foundation for a future where connectivity becomes a cornerstone of national development, not just for cities and elites, but for every citizen. Egypt is forging ahead with its ambitious digital transformation strategy, placing inclusive connectivity at the heart of its development agenda. Speaking at the...

IsDB Group pledges $800M for Uganda’s climate resilience and human capital $500M from IsDB, $150M each from ICD and ITFC under new engagement framework Funds to support infrastructure, food security, and skills development Uganda has secured an $800 million national engagement framework with the Islamic Development Bank (IsDB) Group, aimed at buttressing economic...

Govt plans to raise minimum internet speeds to 25 Mbps down / 3 Mbps up Initiative supports economic growth, healthcare, education, and inclusion 4G, 5G, fiber and satellite tech to be used; 5G not yet launched in country The Namibian authorities are seeking to enhance connectivity as part of their digital transformation plan. In March, they had already initiated a fund aimed at...

The Centre is a timely response to both immediate threats and long-term digital development needs, enabling Nigeria to build a safer, more resilient digital ecosystem. The Federal Government has commissioned a Cybersecurity Centre at Bayero University (BUK) in Kano State, Nigeria. The facility, built by the National Information Technology Development Agency (NITDA) and announced on May 20,...

Pan-African program aims to train 1.2 million African youth over five years Focus on creative industries, with an eye on jobs, culture, and empowerment Success depends on local engagement, stable funding, and strong partnerships AFRIMA, the All Africa Music Awards organization, announced on Tuesday, May 20, in Addis Ababa, Ethiopia, the upcoming launch of a major training program...

Africa’s graphite production dropped to 120,000 tons in 2024, says IEA Civil unrest at Balama and issues at Lindi mine triggered the decline New projects in Malawi, Tanzania, and Madagascar may reverse the trend Africa accounts for 10% of global natural graphite supply. Despite China dominating nearly 80% of the graphite market, Africa could potentially expand its market share in...