With over 100 million tonnes of ore reserves, the Minim Martap project is poised to become Cameroon's first bauxite mine. The project's owner, Canyon Resources, plans to use the existing rail infrastructure to move the mine’s output Canyon Resources secured the Cameroonian government’s approval for the location of its inland rail facility. In a press release dated February 4, 2025, the...

Africa houses around 30% of critical minerals, essential for the energy transition. However, the continent attracts only 3% of global energy investment, while it requires over $200 billion annually to meet its energy-related targets by 2030, according to the International Energy Agency (IEA). In response to this challenge, the African Development Bank (AfDB) plans to introduce a new...

This is the holding company's first venture into the West African regional financial market. The successful fundraising, a sign of investor confidence, will help drive its growth and expand its strategic investments. Burkinabé businessman Idrissa Nassa’s Coris Invest Group announced on February 4 it has successfully raised CFA20 billion ($31.6 million) through a private bond placement. This...

The report stresses that now more than ever, African countries need to bridge the infrastructure gap, drive structural economic transformation, and establish effective mechanisms to identify and remove non-tariff barriers to strengthen regional value chains. While nearly all African countries back the African Continental Free Trade Area (AfCFTA), the process of economic integration remains...

Strengthening cybersecurity in Africa is becoming a top priority as cyber threats continue to rise. Countries across the continent must work together to protect critical infrastructure and support digital development, which is key to economic growth and regional stability. Morocco is calling for closer collaboration among African nations to strengthen cybersecurity. Abdellatif Loudiyi, Minister...

U.S. development aid is facing an uncertain future. At the center of the storm is USAID, a key player in global assistance programs, now at risk of being dismantled. The stakes are high, especially for Africa. The United States is considering shutting down the U.S. Agency for International Development (USAID), according to a Feb. 3 statement by Elon Musk, who oversees government efficiency in...

In March 2024, Moody’s upgraded Côte d’Ivoire’s credit rating to Ba2, making it the second-highest rated economy in sub-Saharan Africa, alongside South Africa. Despite the challenges of the upcoming election, Fitch believes the country will remain stable, backed by strong growth and ongoing reforms. Fitch Ratings reaffirmed Côte d’Ivoire’s BB- credit rating with a stable outlook,...

Africa Global Logistics (AGL) signed a partnership agreement at the end of 2024 as the lead member for the development and operation of the Patimban International Port, in collaboration with Toyota Tsusho Corporation and Samudera Pelabuhan Indonesia. This project reflects AGL's ambition to participate in the development of modern and efficient logistics infrastructures on a global scale. A...

Africa's population is rapidly growing, with urbanization rates set to increase significantly. Smart housing can accommodate this growth by providing efficient, sustainable, affordable living spaces. Telecom Namibia and the National Housing Enterprise (NHE) have signed a Memorandum of Understanding (MoU) to drive Namibia’s smart housing development. The agreement, signed on January 28 will...

Free roaming is a significant step toward strengthening regional economic integration and digital connectivity. It eliminates costly roaming charges, allowing for seamless cross-border communication, which is essential for trade, tourism, and economic growth. The Liberia Telecommunications Authority (LTA), along with regulators from the National Communications Authority (NatCA) of Sierra Leone...