• US pledges $32.5 mln to support WFP operations in Nigeria’s conflict regions• Funding to assist 764,205 people, including pregnant women and children• WFP warns 33 mln Nigerians face acute food insecurity in 2025 The United States has announced a $32.5 million contribution to the World Food Program (WFP) to support food and nutrition assistance in conflict-affected regions of...

• HD KSOE won a $174m order for two crude carriers from an undisclosed African shipowner.• The deal lifts its 2025 backlog to 84 ships worth $11.45b, or 63% of its annual target.• Africa remains reliant on foreign fleets, with over 92% of West African crude shipped abroad. HD Korea Shipbuilding & Offshore Engineering Co. secured a $174 million contract to build two crude...

• Australian miner plans $42 mln share placement to fund African uranium assets• Target output of 6 mln pounds a year hinges on Kayelekera and Letlhakane projects• Move reflects wider uranium investment push across Africa Lotus Resources said on September 4 it plans to raise $42 million through a shareholder-backed share placement to advance its uranium projects in Africa. The...

• Thirteen African nations announce joint measures to modernize pastoral systems• Agenda includes feed banks, genetic upgrades, and youth-focused agribusiness• Sector supports 80 million people in West Africa but lags in global output The African pastoral sector is set for new reforms after 13 countries unveiled measures to boost livestock productivity at a ministerial meeting in Dakar on...

• Benin’s FeexPay and Côte d’Ivoire’s Cinetpay receive BCEAO payment service licenses• Both firms expand their reach across West and Central Africa with stronger compliance• Deadline of August 31, 2025 set by BCEAO for all fintechs to obtain operating licenses The Central Bank of West African States (BCEAO) has issued two new payment service provider licenses, reinforcing regulation...

• Benin unveils green finance framework to mobilize funds for climate initiatives• Ten priority sectors include renewable energy, transport, water, and agriculture• Move builds on July 2024 climate finance roundtable with World Bank and IMF Benin has launched its green finance framework to raise funding for eco-friendly and climate-related projects. Announced on September 3, 2025, the...

• Niger asks IMF for technical help to improve governance and transparency• Request comes amid security risks, budget pressures, and weak oversight institutions• Economy grew 10.3% in 2024, with 6.6% growth projected for 2025 The government of Niger entered talks with the International Monetary Fund (IMF) seeking the institution’s support to improve governance. As part of this effort,...

• Benin adopts a CFA996 billion ($1.7 billion) health development plan for 2026-2030• Program aims to improve governance, services, and access to quality care nationwide• Linked to ARCH project offering health insurance, credit access, and pensions for workers Benin has approved its National Health Development Plan for 2026-2030, valued at more than CFA996 billion (about $1.7...

• Niger seeks IMF technical aid for governance, transparency.• IMF notes corruption, urges oil sector reforms.• Strong 2024 GDP growth (10.3%), 2025 forecast 6.6%. Niger has formally requested technical assistance from the International Monetary Fund (IMF) to bolster its governance framework. This initiative comes as the Sahelian nation navigates a complex economic landscape, marked by...

• African AI startups raised $1.25 bln between Jan 2019 and March 2025, led by South Africa• The “Big Four” ecosystems—South Africa, Nigeria, Kenya, and Egypt—captured 86% of funding• Tunisia’s InstaDeep acquisition by BioNTech for $550 mln marked a milestone for Africa’s AI scene African startups focused on artificial intelligence secured $1.25 billion in...