Avanti Gold plans to raise C$15 million ($10.7 million) through a private placement to fund further exploration at its Misisi gold project in the Democratic Republic of Congo. The project already hosts 3.1 million ounces of inferred gold resources, with a new drilling program planned in 2025. The financing involves issuing 30 million shares at C$0.50 each, pending regulatory and...

Benin launched the Interprofessional Rice Organization (IFRIZ-B) to improve competitiveness, quality, and local market supply. Local paddy rice output grew 31% between 2018 and 2023, but still falls short of demand, forcing reliance on imports. The government targets doubling paddy production to 1 million tons in coming years. Benin has established the Interprofessional Rice...

Morocco’s tourism revenues reached $9.6 billion between January and August 2025, a 14% increase from 2024. Tourist arrivals rose 15% to 13.5 million visitors during the same period, including 4.6 million in July and August alone. The government aims to attract 26 million tourists by 2030, when Morocco co-hosts the FIFA World Cup. Morocco’s tourism revenues reached 87.6...

Liberia issues first Value-Added Services (VAS) aggregator licenses to boost local digital services. Five firms licensed so far, with ten targeted by year-end. Move supports 2025–2029 National Digital Strategy for inclusive access. On October 1, the Liberia Telecommunications Authority (LTA) issued its first-ever licenses for insurance Value-Added Services (VAS) aggregators. The...

Mawingu raised $20 million from Pembani Remgro Infrastructure Fund II to expand its rural and peri-urban broadband network across Africa, aiming for 1 million customers by 2028. The company doubled its Kenyan subscriber base in one year, reaching 76,650 users by June 2025, while its Tanzanian unit Habari expanded to nine regions and 4,122 users. Mawingu deepened its partnership...

• ANPG pursues licensing rounds, direct talks with oil firms• Gas Master Plan, new discoveries support production drive Angola aims to raise the number of awarded oil and gas concessions to 60 by the end of 2025 as it accelerates efforts to open its energy sector, the national petroleum agency said this week. The National Agency for Petroleum, Gas and Biofuels (ANPG) made the announcement...

In West Africa, structured finance remains marginal, with just a handful of deals closed annually. This is a paradox in a region, particularly within the West African Economic and Monetary Union (WAEMU), where infrastructure, energy, and housing needs amount to trillions of CFA francs. The gap highlights a failure to effectively mobilize capital markets to meet massive development needs. Against...

• Huawei installs AI-driven power & cooling systems at Coop Bank of Oromia to boost uptime and efficiency.• Coop Bank processes US$24.7 billion digitally; AI integration supports Ethiopia’s financial inclusion and digital goals.• Rivals Schneider, Vertiv, and Eaton are still in pilot stages; Huawei is the first to deploy AI-powered infrastructure in sub-Saharan Africa. Huawei Digital...

Microsoft has appointed Vukani Mngxati as Chief Executive Officer of Microsoft South Africa, effective October 1, 2025. He takes over from Lillian Barnard, who now serves as Chief of Enterprise Partners for Microsoft Middle East and Africa. The leadership change comes as Microsoft accelerates its investment in South Africa. In March 2025, the company announced a ZAR 5.4 billion ($285 million)...

• DRC, Japan sign $2.6M food aid deal under KR2025 program• Thai rice assistance targets 28M facing acute food insecurity• Crisis worsened by conflict, displacement, inflation, and epidemics The Democratic Republic of Congo (DRC) signed an agreement with Japan on Wednesday, October 1, 2025, for the implementation of the KR2025 Food Assistance Program. The agreement provides $2.6...