Cabo Verde has inaugurated the Mindelo Technology Park, completing the second campus of the TechPark CV project funded by the African Development Bank. The facility aims to establish the country as a digital hub connecting Africa with global markets. The ceremony took place on May 6 with representatives from the government, industry, and development partners in attendance. The EUR 51.85 million...

In 2024, 59% of Chinese energy projects announced in Africa were in renewables. From 2010 to 2021, China provided $65 billion in financing for renewable projects across the continent. Chinese solar and wind tech exports to Africa rose 153% between 2020 and 2024. Renewable energy accounted for 59% of the 49 energy projects announced in Africa in 2024 by Chinese companies,...

Senegal has launched a nationwide project to build 100 warehouses and 20 cold rooms. The program is designed to reduce post-harvest losses, which cost CFA100 billion annually. Spanish firm INTERMAQ 2012 SL is leading the rollout under a public-private partnership. The government of Senegal has launched a national project to increase the country’s crop storage capacity by...

Ghana will seek private partners to handle electricity billing in a move to recover payments and reduce losses. The state power distributor ECG currently recovers only 62% of what it buys from producers. The government is trying to restructure $2.5 billion in energy debt, with $1.6 billion already under discussion. Ghana’s President John Dramani Mahama announced yesterday a...

 Egypt will offer a 15% discount on Suez Canal transit fees for large container ships starting May 15, 2025, for 90 days. The move follows a ceasefire agreement involving the U.S. and Houthi rebels and aims to reverse a steep drop in traffic. Egypt has lost $800 million per month in canal revenue; the government is pushing to restore traffic and hit $13 billion in earnings by...

An IMF delegation will visit Gabon in mid-June 2025 to assess economic progress. Gabon hopes the visit will lead to a new financing agreement after a previously suspended program. Fitch Ratings expects a deal by year-end but warns of political and policy-related risks. An International Monetary Fund (IMF) mission is scheduled to arrive in Libreville, Gabon, in mid-June 2025, according to...

Africa’s digital economy is growing rapidly, and the demand for data storage, processing power, and AI capabilities is accelerating. The introduction of high-power density local data centres enables real-time AI workloads to be run locally, securely, and cost-effectively. Safaricom PLC has partnered with iXAfrica Data Centre, Kenya’s hyperscale-ready operator, to deliver East Africa’s...

Despite an official unemployment rate of 4.3% in Q2 2024, Nigeria still faces high youth underemployment. Skill-based public-private partnerships are gaining ground to improve job readiness. Over 150 young job seekers and about 20 employers attended the “Get Hired” fair in Lagos, supported by WAVE, LSETF, and the King’s Trust Fund. Although Nigeria’s official unemployment rate...

Duval and Côte d’Ivoire’s CNPS signed two real estate agreements worth CFA100 billion The projects, Village Notre Père and Riviera Park, aim to create over 1,700 jobs They are backed by national and international institutions, including BNI and IFC French real estate firm Duval signed two major deals on May 12 in Abidjan with Côte d’Ivoire’s National Social Insurance Fund...

• Mali’s media regulator has suspended TV5 Monde, citing biased reporting on a protest.• The decision follows earlier bans on other French media amid rising pressure on foreign outlets.• On the same day, the ruling junta also dissolved political parties and banned public gatherings. The French news channel TV5 Monde will no longer be available in Mali as of now. The broadcaster has been...