GSMA and African operators push $30–$40 4G phones to bridge access gap and connect 50M new users. Coalition urges tax cuts on low-cost devices to expand internet use and digital economy growth.  Affordable smartphones could boost jobs, e-commerce, and inclusion across Africa’s young population. The GSMA’s new partnership with six major African telecom operators,...

TTCL-DRC talks on NICTBB Lake Tanganyika extension details undisclosed publicly under 2023 NDA.  DRC is final target in PIDA's global initiative linking Great Lakes nations (Rwanda, Burundi, Uganda). Tanganyika fiber completes East-West corridor, enhancing resilient data flows across Africa for integration.  Eastern DRC's mining sector ($10B+) expected to gain from the 186km fiber:...

Vista Group secures €30 million ($34.9 million) in loans from the EIB. Funds will expand credit access for SMEs in agriculture value chains. Guinea and Sierra Leone aim to reduce food import dependence. Pan-African banking group Vista, based in Guinea, has obtained two loans totaling €30 million ($34.9 million) from the European Investment Bank (EIB) to improve credit access...

Uganda plans to borrow around $2.5 billion for major infrastructure and energy projects. The loans involve the World Bank’s IDA, Citibank, and Standard Chartered Bank. The move could increase public debt, now at $32.3 billion, up 26.2% year on year. Uganda is preparing to secure a series of loans from international institutions and commercial banks to finance key projects in...

CDC-CI Capital invests CFA800 million in Julaya through convertible bonds. The fintech will expand payment, cash management, and SME credit services. Julaya strengthens its presence in Côte d’Ivoire, Benin, Senegal, and Togo. Ivorian fintech Julaya, which specializes in payment solutions for businesses, signed on October 17, 2025, a CFA800 million ($1.41 million) financing agreement...

Enko Capital closes first round of $100 million for its private credit impact fund. British International Investment, IFC, and African pension funds among key investors. The fund targets mid-sized firms in key sectors across sub-Saharan Africa. The pan-African asset manager Enko Capital announced on October 20, 2025, that it has raised $100 million in the first closing of its...

Asmara, the capital of Eritrea, is often described as Africa’s modern city for its remarkable architectural heritage and forward-thinking urban design. Perched on a high plateau more than 2,300 meters above sea level, it enjoys a mild climate that contrasts with the heat of the surrounding lowlands. Originally a small settlement inhabited by Tigrigna-speaking communities, Asmara was transformed...

The UN fund Education Cannot Wait (ECW) announced $2 million to expand schooling for Sudanese refugees in Chad. The aid targets 27,000 new students in Wadi Fira and Ennedi Est provinces, where schools are overwhelmed. ECW warns that only 22% of the $69.6 million regional education appeal has been funded. The United Nations’ global fund for education in emergencies,...

The telecom regulator INCM launched a project to install 60 new mobile stations in nine provinces through Vodacom. The initiative supports the government’s “Internet Para Todos” plan to achieve nationwide Internet access by 2030. Only 20% of rural residents currently have telecom access, compared with 80% in urban areas. Mozambique’s communications regulator has announced a...

Nigeria launched the second phase of the Nigeria Jubilee Fellows Programme (NJFP), aiming to create 20,000 jobs annually through training and mentorship. The first phase benefited over 14,000 young Nigerians, offering 12-month paid fellowships that enhanced employability and career prospects. The initiative complements the government’s broader youth employment drive, including a...