• Ghana, JICA sign $20.4M deal to upgrade Kumasi inner ring road• Project includes widening 3.2km stretch, improving key infrastructure• Part of broader national effort to modernize road network Ghana signed a three billion Japanese Yen ($20.4 million) grant agreement with the Japan International Cooperation Agency (JICA) on Thursday, Oct. 3, to upgrade the inner ring road in Kumasi,...

Senegal’s attempt to diversify its fuel supply by turning to Nigerian crude is bumping up against hard facts on the ground. Analyst Kpler's data show that Dakar’s 30 kbl/d Société Africaine de Raffinage (SAR) has run steadily on Nigeria’s light-sweet Erha crude (36° API, 0.2 % S) for most of 2024–25—a logical intra-African flow. While the refinery operates on Nigerian oil,...

• New fund offers grants to Black-owned mining firms• Targets the critical financing gap for local mining firms• Program could serve as a model for other African nations South Africa's Department of Mineral Resources and Petroleum on Tuesday, Sept. 30, launched the second edition of its funding program for junior mining companies, providing a potential solution to a major obstacle facing...

• U.S.–Africa trade surged in early 2025, with exports up 26%. Yet, a $4.86B U.S. deficit widened as growth remained concentrated in a few nations.• Bilateral trade saw dramatic shifts. Nigeria recorded a $0.78B U.S. surplus, while the deficit with South Africa reached $7.74B, driven by commodity trade.• Despite recent gains, U.S.–Africa trade, at approximately $51...

Cameroon's machinery imports jumped 30% in Q1 2025 to 190B CFA. The investment boosts industrial capacity, but the manufacturing sector's GDP share remains stagnant. This investment demonstrates resilience in the face of global crises. It's fueled by strong domestic demand for local products, signaling a powerful, consumer-driven momentum. Future success depends on converting this...

Telecel is absorbing AT Ghana, creating a duopoly against MTN. The move will migrate 3.2 million customers by Q1 2026, backed by a network investment of over $50 million. The takeover was forced by AT Ghana's financial collapse, which resulted in $289M in debt. The government stepped in to prevent a blackout, backing the merger. The merger promises up to $600 million for...

In an interview with Ecofin Agency, Djaria Traoré, Executive VP Operations & ESG at Endeavour Mining, reflects on the company’s strong first-half 2025 performance and explains why financial results and ESG impact are inseparable in today’s mining industry. Ecofin Agency: Endeavour Mining recently published its Q2 financial results. Can you reflect on your performance for the first half...

Kenya sells $1.5B 7/12-yr bonds at 8.7% to buy back 2028 note, books $7.5B, easing maturity bunching; savings still unconfirmed. Two thousand twenty-four tax reforms, Fed cut tailwinds lure buyers; pricing vs NG 9-10%, CI 8.45%; 70% debt/GDP, 50% FX, 5.3% inflation linger. The deal pushes the bullet to 2032/37, buying Vision 2030 time; drought and shilling risk remain, with...

Reforms under President Tinubu are at least showing positive results. Inflation is declining, investors are pledging billions, and key business indices are showing sustained growth. Although positive signs exist, inflation remains high for the region, and a substantial public debt threatens the government's ambitious economic growth targets. Beyond the headlines, deep structural issues...

Financial professionals gathered in Dakar on September 25 for the Structured Finance Africa Forum (SFA), organized by Invictus Capital & Finance, to explore ways of channeling local and international savings into development. Among the speakers was Hassoune Anouar, Managing Director for West Africa at GCR Ratings, who shared his analysis on the future of structured finance—particularly...