• Ghana raises cocoa farmgate price 12.3% to $4.60/kg• Move follows Côte d’Ivoire’s record $5.00/kg price hike• Aims to boost output, curb cross-border smuggling losses Ghana has raised the minimum farmgate price for cocoa in the 2025/2026 main crop season to 58,000 cedis ($4,628) per metric ton, or $4.60 per kilogram, effective Friday, October 3, 2025. The Ministry of...

Ten years after the Paris Agreement and with COP30 approaching, Proparco is launching the “Proparco Days,” a forum bringing together financial actors from the Global North and South to focus on climate finance. In this exclusive interview with Ecofin Agency, CEO Françoise Lombard outlined the initiative’s goals and stressed the catalytic role Proparco and other development finance...

AgDevCo lends $10M to Zambia's poultry firm Hybrid Funds to build region’s largest poultry abattoir Project targets rising demand, reduces poultry imports British impact investor AgDevCo has lent $10 million to Zambia’s Hybrid Poultry to build a modern abattoir, the company said on Thursday. The facility, to be the largest in the region, will expand processing capacity to...

• Eni secures offshore Block CI-707 in Côte d’Ivoire• Block spans 2,926 km²; nine-year exploration period begins• Aims to expand Baleine output, FID expected by year-end  Italian energy major Eni has secured exploration rights for a new offshore block, CI-707, off Côte d’Ivoire, strengthening its presence in the country’s upstream sector. The agreement, signed with the...

• Morocco produced 3,644 tons of farmed fish in 2024, far below its 300,000-ton potential.• A World Bank report cites red tape, lack of infrastructure, and financing gaps as barriers.• Aquaculture is seen as key to easing pressure on fisheries and creating thousands of jobs. In Morocco, as in most coastal African countries, fishing remains the main source of seafood. Aquaculture, viewed as...

• New vehicle sales could surpass pre-pandemic levels in South Africa this year.• First-half sales rose 14%, driven by demand for affordable models and imports.• Chinese cars, up 30.2% in H1, now account for nearly two-thirds of the market. South Africa’s domestic new vehicle sales may rebound in 2025 and surpass volumes recorded before the coronavirus pandemic, according to Billy Tom,...

• United Airlines will increase Marrakech–New York flights to four per week in Oct.• The route may reach daily service during year-end peak demand.• Morocco targets 80 mln passengers and 26 mln tourists by 2030. Starting October 26, 2025, United Airlines will raise the frequency of its Marrakech–New York route from three to four weekly flights, Moroccan media reported. The U.S. carrier...

• Congo’s parliament is expected to approve a new gas code in October 2025.• The law aims to attract investment with new fiscal and regulatory measures.• Congo holds 10 tcf of proven reserves and targets a regional gas hub role. Congo’s parliament is set to adopt a new gas code in October, Minister of Hydrocarbons Bruno Jean-Richard Itoua said during African Energy Week in Cape Town,...

• AfDB chief Sidi Ould Tah met BOAD president Serge Ekué in Abidjan on Aug. 30.• Talks focused on joint efforts to attract private investment for major projects.• Energy, infrastructure, and digital sectors seen as priorities for co-financing. The president of the African Development Bank (AfDB), Sidi Ould Tah, met with Serge Ekué, head of the West African Development Bank (BOAD), in...

Senelec issued a $215 million bond backed by unpaid bills, marking the first securitization by a public utility in Africa. Half of the proceeds will finance green projects, while the rest is tied to measurable sustainability targets. The senior tranche pays 8.15% interest, with mezzanine and junior tranches offering 10%, some at zero-coupon. Senegal’s national electricity...