Galp is in advanced talks to sell part of its 80% stake in the Mopane offshore oil project in Namibia and expects a deal by year-end. The Portuguese firm plans to redirect capital toward higher-return projects while keeping interests in exploration across emerging African basins, including São Tomé and Príncipe. The move aligns with Galp’s strategy to balance asset monetization and...

Orange CEO urges fairer digital rules amid Africa’s tech shift Operators call for updated policies to match data-driven economy GSMA, partners launch AI, 4G phone initiatives to boost inclusion Yasser Shaker, CEO of Orange Middle East and Africa, called for fairer digital-sector regulation across Africa during his opening keynote at the Mobile World Congress in Kigali on Tuesday. The...

Seven UEMOA countries (excluding Benin) plan to raise $4.44 billion (CFA2,510.85 billion) from the regional debt market in Q4 2025. Côte d’Ivoire will be the largest issuer, accounting for CFA850 billion, followed by Niger (CFA528.1 billion) and Senegal (CFA488 billion). The bloc’s 2025 total fundraising goal stands at CFA10,700 billion, up from CFA8,127 billion in...

Kefi secures $240M loan for Ethiopia’s Tulu Kapi gold project Additional $100M to be raised via equity, local investors Gold production expected mid-2027, targeting 164,000 oz/year Kefi Gold and Copper announced on Monday, October 20, the signing of a $240 million loan agreement with the Africa Finance Corporation (AFC) and the Trade and Development Bank (TDB) for its...

FinDev Canada loans $100M to AFC for sustainable infrastructure Funds target clean energy, low-emission transport in sub-Saharan Africa Deal marks Canada’s first partnership with AFC to boost development FinDev Canada, the Canadian government’s development finance institution, said on Oct. 20 it has provided a $100 million loan to the Africa Finance Corporation (AFC) to...

Africa needs $150B by 2035 for universal electricity access 55% of new connections to use decentralized energy solutions IEA urges mix of public, private funding and grid expansion Achieving universal access to electricity in Africa by 2035 will require an estimated $150 billion in cumulative investment, the International Energy Agency (IEA) stated in its report, "Financing...

Morocco launches program to train 200,000 children in AI Pilot phase begins in 12 cities under Digital Morocco 2030 Initiative aims to boost skills, tech culture, and innovation The Moroccan government officially launched a national program on Monday, October 20, aimed at introducing 200,000 children to digital fields and artificial intelligence (AI). The initiative seeks to equip younger...

Project includes fiber rollout, submarine cable, and data centers Digital plan targets full connectivity, 145 territories by 2030 The Democratic Republic of Congo (DRC) signed an agreement on Oct. 20 with Mauritius-based investment firm United Investment LMT (UIL) to strengthen its national digital infrastructure, Congolese media reported. The partnership, first agreed in 2023, is...

Kenya considers approval for GM cassava in 18 counties New varieties resist drought, viruses; boost yields, cut costs Legal freeze on GM crops continues amid court, public debate The Kenya Agricultural and Livestock Research Organization (Kalro) has applied to the National Environment Management Authority (Nema) for approval to grow eight genetically modified cassava varieties in 18...

Mozal aluminum output 6% to 93,000 tons FY2026 guidance held, but post-March shutdown risk remains Power deal talks with HCB ongoing amid supply uncertainty Australian mining company South32 produced 93,000 tons of aluminum at its Mozal smelter in Mozambique between July and September, the first quarter of its 2026 fiscal year. Output rose 6% year-on-year from 88,000 tons in the same...