Rwanda signs $45M BADEA deal for water and SME financing $20M to expand safe water access in Kigali, Rwamagana districts $25M to boost private sector, support job creation and exports Rwanda signed two financing agreements worth a total of $45 million with the Arab Bank for Economic Development in Africa (BADEA) on Wednesday, October 8, 2025, to enhance water security...

AfDB President Sidi Ould Tah urges swift ratification of the FAD charter to enable market borrowing and expand Africa’s financing capacity. The reform would enable the African Development Fund to blend concessional and market resources, despite challenges related to debt and risk management. Global uncertainty and shrinking donor budgets heighten pressure as Africa seeks $650...

Côte d’Ivoire imports 35 breeding pigs to boost pork sector Project targets genetic gains, restocking after swine fever losses Pork imports surged 21% annually amid rising local demand The Ivorian government is accelerating efforts to improve genetic quality and boost local pork production. In line with this goal, the Ministry of Animal and Fisheries Resources received a batch...

Nigeria commissions first nationally owned oil storage unit, FSO Cawthorne Facility stores 2.2M barrels, reducing reliance on foreign infrastructure Move supports export control, cuts losses from theft and pipeline issues Nigeria has commissioned its first wholly nationally owned Floating Storage and Offloading (FSO) unit, marking a key milestone for Africa’s largest crude oil...

Food inflation in Nigeria up 201% since 2019, says World Bank Poorest households spend 70% of income on food amid crisis Report urges reforms to boost output, cut trade and storage losses Tackling rising food prices remains a major challenge in Nigeria, despite reforms designed to stabilize the economy, the World Bank said in its latest semi-annual report on the country. The...

€395M Medusa cable lands in Marseille, linking Mediterranean nations First phase connects France, Tunisia, Morocco; full launch by 2026 Planned expansion targets 22 African countries, including Gabon Medusa, a €342 million (about $395 million) submarine cable project led by telecom infrastructure company AFR-IX Telecom, has entered its deployment phase. Partner...

Togo forms first cabinet under Fifth Republic, 31 total posts New ministries focus on economy, digital transformation, planning Key ministers retained; four top posts under council remain vacant After months of speculation, Togo unveiled the lineup of its first government under the Fifth Republic on Wednesday, October 8. The new cabinet, announced by a decree signed by Council...

LemFi launches “Send Now, Pay Later” remittance credit in UK AI-driven platform offers £300–£1,000 credit to underserved users Expansion planned after £53M raise, targets U.S., Canada, Europe LemFi, a financial services platform for immigrants, announced the launch of its new “Send Now, Pay Later (SNPL)” service in the United Kingdom on Thursday, October 9, 2025. The...

SOLA launches 195MW Springbok solar plant, Africa’s first multi-buyer facility AWS, Sibanye-Stillwater among anchor clients in power wheeling model Project boosts SOLA’s private grid capacity to 464MWp in South Africa Independent power producer SOLA announced on Thursday, Oct. 9, the commercial operation of its 195-megawatt (MW) Springbok Solar Power project, completing...

Damietta Port receives 10 new cranes, total now 40. Terminal to open in 2025, backed by global investors. Project aims to triple capacity, cut costs, boost trade. The new container terminal at Egypt’s Damietta Port has received 10 Rubber-Tired Gantry (RTG) cranes, bringing the total to 40. The delivery, announced on Tuesday, Oct. 7,  marks an important step toward the start...