Factory to create 1,000 jobs, open in Q3 2026 Aims to boost exports as sector targets $12B by 2031 The Suez Canal Economic Zone (SCZONE) signed an agreement with Infinity Fabric on Wednesday, October 15, to develop a new textile factory. The plant will be built on a 2.4-hectare site in the Sokhna industrial zone. The $15 million project will produce about 6,000 tons of yarn...

Qatar, US, AU to monitor  truce implementation body M23 controls parts of Kivu despite ongoing tensions The government of the Democratic Republic of Congo (DRC) and the Congo River Alliance/March 23 Movement (AFC/M23) signed an agreement in Doha on Tuesday, October 14, 2025, to set up a joint body to monitor and verify a ceasefire. Qatar’s Foreign Ministry said in a statement that...

Raila Odinga dies at 80 while receiving treatment in India Opposition icon ran for president five times, never won Kenya declares week of mourning, Odinga to get state funeral Raila Amolo Odinga, former Prime Minister of Kenya and a towering figure in the country’s political life, has died aged 80 in India, where he was receiving medical treatment. President William Ruto announced his...

The new projection marks a 0.1-point increase from July estimates. Nigeria and South Africa see upgraded forecasts at 3.9% and 1.1%, respectively. The IMF expects regional growth to reach 4.4% in 2026 despite global risks. The International Monetary Fund (IMF) has raised its 2025 growth forecast for sub-Saharan Africa to 4.1%, up from its July projection of 4.0%, according to the latest...

The government seeks to reclaim CFA803 billion in unpaid taxes from 2023–2024. The campaign follows an audit by a task force reviewing domestic and external debt. It aims to boost transparency and strengthen public revenue collection. Gabon’s Minister of Economy, Finance, Debt, and State Holdings, Henri-Claude Oyima, launched on Tuesday, October 14, 2025, a major tax recovery campaign...

Ghana’s President John Mahama unveiled plans for a 20-year green city project spanning Greater Accra, Volta, and the Eastern Region, inviting Chinese investors to participate. The project will use digital and smart urban technologies, implemented in four phases, with an inter-ministerial committee overseeing design and feasibility. Ghana is pursuing regulatory and fiscal reforms to...

Spanish children’s fashion brand Martín Aranda plans to set up a textile and garment factory in Tunisia. Tunisia’s textile and clothing industry employs about 160,000 people and accounts for 18% of industrial exports. Tunisia offers tax exemptions, investment grants up to 30%, and social security contribution waivers for up to 10 years to companies investing in less developed...

Botswana now requires mining companies to cede 24% of their permits to local investors, marking a major shift toward resource nationalism in southern Africa. Zambia has introduced a Local Content Statutory Instrument mandating 40% of mining procurement from local suppliers. Zimbabwe plans to grant the state a 26% free stake in all new mining projects, part of a broader effort to...

Nigeria has commissioned its first locally built onshore crude-export terminal in over 50 years, the Otakikpo facility, with an initial capacity of 360,000 barrels per day. Green Energy International (GEIL) committed an initial $400 million, with plans to expand storage capacity from 750,000 to 3 million barrels, to serve marginal producers and reduce logistics costs by up to...

Kenya Airways began a series of SAF-powered flights on October 14, using 2% locally produced sustainable aviation fuel (SAF). The airline plans to raise the SAF blend to 10% by 2030, aligning with its carbon neutrality goals. Africa currently counts only five SAF projects, with a projected production capacity of 0.6 million tonnes by 2030. Kenya Airways is expanding its sustainable...