According to the World Bank, Malawi’s mining sector contributed just 0.7% to GDP and 3.5% to government revenue in 2023. Despite its modest role, the sector is poised for growth as several projects progress. On March 24, Sovereign Metals, an Australian mining firm, announced plans to raise A$40 million (approximately US$25 million) through a private placement. The funds will support...

Africa has long struggled with limited mobile network coverage, especially in remote areas where traditional cell towers are costly and difficult to deploy. Satellite-to-mobile technology could play a pivotal role in achieving universal digital access, fostering economic growth and social development. MTN South Africa and satellite provider Lynk Global have successfully conducted a...

The East African Community has approved a roadmap to modernize and unify payment systems across member states. The plan targets faster transactions, lower costs, and better access for people, businesses, and banks. High fees and poor interoperability remain major hurdles to efficient cross-border payments. The East African Community (EAC) is taking new steps to make cross-border payments...

Access to electricity remains a major challenge across Africa. To address this, various initiatives have been implemented to improve access to reliable and affordable power. Nigerian fintech Payhippo has rebranded as Rivy, the company announced on March 26. It has also secured $4 million in pre-Series A funding, split evenly between $2 million in equity and $2 million in debt. The...

Côte d'Ivoire raises CFA 220 billion in international bond, first for an African state Interest rates lower than regional market, highlighting foreign investor confidence Plans to raise CFA 1,100 billion more in Q2 2025 amid upcoming debt repayments On March 26, 2025, Côte d’Ivoire made history by issuing the first-ever CFA franc-denominated bond on the international market,...

 (Ecofin Agency)   Nigeria sets up $650 million fund for affordable housing World Bank provides concessional loan to support initiative Housing crisis worsens as urbanization pressures infrastructure The Nigerian government is setting up a fund worth 1 trillion naira (about $650.5 million) to help provide affordable mortgages, as reported by Bloomberg....

With sustained investment in digital education and infrastructure, Nigeria is on track to becoming a global leader in the digital economy, fostering innovation, job creation, and economic resilience. Airtel Africa Foundation announced on March 26 that it has officially fulfilled its ₦1 billion ($650,111.37) commitment to the Federal Government’s 3 Million Technical Talent (3MTT) program, a...

Ethiopia aims to join the World Trade Organization (WTO) by March 2026, aligning with the WTO’s 14th Ministerial Conference in Yaoundé, Cameroon. Accession talks had been paused since 2020 due to the COVID-19 pandemic. Ethiopia aims to finalize its accession to the World Trade Organization (WTO) by March 2026, coinciding with the organization's 14th Ministerial Conference (MC14)...

Burkina Faso is looking to deepen its cooperation with Qatar by exploring new bilateral opportunities. On March 24, 2025, the country’s Minister of Foreign Affairs, Regional Cooperation, and Burkinabe Abroad, Karamoko Jean Marie Traoré, met with his Qatari counterpart, Sultan Ben Saad Al-Muraiki, to discuss potential collaborations. “We are focused on building mutually beneficial...

The battle against climate change is not just about preventing catastrophic impacts on ecosystems and human life; it also presents a significant opportunity for medium- and long-term economic growth. This is the finding of a new report by the OECD and UNDP. They believe that stronger efforts to tackle climate change could add 0.2% to global GDP by 2040, which is roughly equivalent to the GDP of...