Nestlé to cut 16,000 jobs globally in cost-saving plan CEO targets CHF 3B savings amid declining sales, profit Impact on Africa, where Nestlé has 20 factories in 12 countries, is unclear Food and beverage giant Nestlé plans to cut 16,000 jobs worldwide over the next two years as part of a restructuring program aimed at lowering operational costs, the company announced on Thursday,...

Release by Scatec signed two solar leasing deals: a 23.75 MWp plant in Liberia and a 40 MWp facility in Sierra Leone. The Liberian project will boost Monrovia’s power capacity by 20% and cut 20,000 tons of CO₂ annually. The model converts capital investment into operating costs, reducing financial barriers for local utilities. Release by Scatec announced on October 16 that it signed...

Ghana’s government plans to exempt import taxes on machines used for agro-food processing to cut costs for processors and boost value addition. Large agro-industrial investment projects—such as Dangote Sugar’s 12,000 t/day mill, Nu Agri Asia’s $129 million sugar facility, and Olam’s $200 million pasta/animal feed plants—underline growing momentum in the sector. The plan...

Morocco and Russia signed a memorandum of understanding (MoU) on October 16, 2025, to establish a joint working committee between their foreign ministries. The committee will assess the progress of bilateral ties and propose new high-value areas of cooperation. The move signals both countries’ intent to deepen and modernize their partnership amid shifting global alliances. Morocco’s...

Congo extends 3G network to 16 rural areas under PATN plan Expansion targets 30,000 people, aims to cut digital divide The Congolese government announced on Thursday, October 16, the activation of its 3G network in 16 new localities across the departments of Niari, Bouenza, Pool, Lékoumou, Cuvette, and Likouala. The initiative, part of the Digital Transformation Acceleration Project...

Africa eyes seafarer shortage to boost maritime workforce role Training expands, but lack of investment hinders industry integration African countries are moving to expand their role in global shipping to take advantage of a looming shortage of seafarers, expected to reach about 90,000 officers worldwide by 2026. The continent currently supplies only 4% of the 1.9 million registered...

Namibia court upholds ethics ruling against state broadcaster NBC Case tied to biased oil report amid sector’s rapid expansion Namibia’s High Court has upheld a ruling by the Media Ombudsman and the Editors’ Forum of Namibia (EFN), the country’s press self-regulatory body. The ruling found that state broadcaster NBC breached journalistic ethics. The judgment, reported by local...

Chari raises record $12M Series A to expand fintech services Secures central bank license to launch super-app for merchants Moroccan startup Chari, a B2B e-commerce platform for fast-moving consumer goods (FMCG), announced on Oct. 15, 2025, that it had raised $12 million in a Series A funding round. The round, co-led by SPE Capital and Orange Ventures, is the largest Series A...

Cape Winelands Airport secures $460M backing from Growthpoint Project targets tourism, regional air traffic boost by 2050 The planned Cape Winelands Airport in South Africa has secured 8 billion rand ($460 million) in initial funding from Growthpoint Properties, the country’s largest real estate investment trust (REIT). The project aims to create an integrated industrial and...

Côte d’Ivoire, Turkey’s Sila Health sign $120M healthcare deal Project aims to boost Abidjan’s role as regional medical hub Côte d’Ivoire secured a $120 million investment commitment from Sila Health, a Turkish medical technology firm, on the sidelines of the 5th Türkiye-Africa Business and Economic Forum. The investment is earmarked for the construction of a...