Morocco will generate 25,000 jobs through a new energy and water infrastructure deal. Over 10,000 of those jobs will be permanent once construction is complete. The project supports Morocco’s push to lower unemployment and modernize key sectors. Morocco will create 25,000 jobs through a new partnership focused on building energy and water infrastructure. The agreement...

Algeria may establish a National Sugar Office to manage output, demand, and exports. The new Tafadis refinery in Boumerdès can produce 2,000 tons of sugar daily. With sugar demand second only to Egypt in Africa, Algeria aims to reduce imports and stabilize the market. Algeria is weighing the creation of a regulatory authority for its sugar industry to improve oversight and...

"Before, farming was an unattainable dream. Today, I feed my children from the land." These words from Assia Obakar Hassan, a mother from the village of Kalaf, epitomize the profound transformation benefiting part of rural northern Djibouti thanks to a regional project implemented by the Intergovernmental Authority on Development (IGAD) with funding from the African Development Bank through the...

Microsoft has launched the African Regional Cybersecurity (ARC) Initiative, starting in Kenya. The program includes cyber risk management, simulations, and public-private cooperation. Kenya recorded 860 million cyberattack attempts in 2023, highlighting urgent security needs. Microsoft has launched a new cybersecurity initiative in Africa aimed at boosting digital resilience...

WAEMU member states raised CFA4,751.95 billion ($8.14 billion) by April 30, 2025 Treasury bonds surged 172.86% to CFA2,122.07 billion, signaling long-term strategy. Côte d’Ivoire, Senegal, and Burkina Faso accounted for over 70% of total market share. Member states of the West African Economic and Monetary Union (WAEMU) raised a total of CFA4,751.95 billion ($8.14 billion)...

• Ghana plans to cut liquid fuel costs by half through a new natural gas plant.• The project could reduce untreated gas losses of $151 million annually and stabilize power costs.• An inter-ministerial committee has been formed to fast-track implementation. The Ghanaian government has approved the establishment of a new natural gas processing plant in an effort to reduce reliance on...

• Over 90% of Africa’s trade passes through ports, now increasingly targeted by cyberattacks.• In 2024, 174 port-related cyber incidents were recorded globally, with South Africa among the hardest hit.• Port security is critical to intra-African trade, investment, and regional integration efforts. Port logistics remain a core pillar of the African economy, with over 90% of the...

• Tanzania and China signed two aid agreements totaling $69.3 million on May 17, 2025.• $41.6 million is allocated to expand the Jakaya Kikwete Cardiac Institute into a regional center of excellence.• $27.7 million will support broader economic and technical cooperation between the two countries. Tanzania and China have signed two aid agreements amounting to $69.3...

Canyon Resources will raise $24.5 million via a share issue to Eagle Eye Asset Holdings. Funds will finance the initial construction of the Minim Martap bauxite project in Cameroon. The deposit is expected to produce 6.4 million tons of high-grade bauxite annually for 20 years. Canyon Resources plans to establish Cameroon as a bauxite producer through its Minim Martap project....

• Burkina Faso receives €106 million ($119.4 million) under a 'Mourabaha' loan agreement with ITFC.• The facility supports the cotton sector, which accounts for over 4% of GDP and 14% of exports.• The loan is part of a $900 million framework agreement signed in May 2023 with ITFC. The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development...