Coris Bank International Guinea launched its mobile money solution, Coris Money, on February 16, 2026. Orange held 92% of Guinea’s 3.2 million mobile money subscribers as of June 2025, according to ARPT. Mobile money transactions reached 1.44 billion in 2024, with total value rising to 198,489 billion Guinean francs. On Monday, February 16, Coris Bank International Guinea launched its...

GB Foods acquires 2,428 hectares for tomatoes in Ghana Land to supply Tema tomato processing plant Ghana imports average 54,361 tons paste annually GB Foods Africa has acquired a concession of nearly 2,428 hectares in the Afram Plains in Ghana's Eastern Region. The Spanish group's African arm operates in the production and marketing of fast-moving consumer goods related to...

NEM, Perminas sign MoU on Gabon’s Maboumine project Perminas may take equity stake in rare earths mine Project targets 18,000 tons rare earths annually New Energy Metals (NEM), a mining company backed by Emirati investors, has signed a memorandum of understanding with Perminas, an Indonesian state-owned company, to develop the Maboumine rare earths and niobium project in Gabon....

Congo completes $354 million buyback of 2032 bond Outstanding 2032 notes reduced to $575 million Follows $700 million 2035 bond sale in February The Republic of Congo said on Tuesday it had completed a $354 million buyback of its 2032 international bond, part of efforts to improve its debt profile, according to a Finance Ministry statement. The transaction...

Nine South African universities top sub-Saharan QS rankings University of Cape Town ranked first regionally Region’s higher education faces low enrollment, underinvestment Nine South African universities ranked among the top 10 institutions in sub-Saharan Africa in the latest QS World University Rankings published on Thursday. The ranking, which evaluated 69 institutions in 21...

Fiscal consolidation and aggressive tax collection are draining liquidity from Ivorian SMEs, even as the headline GDP growth exceeds six per cent. Banks now prefer safe sovereign Treasury bills over SME lending, trapping IMF-injected liquidity in upper finance circuits far from real economy. A fast-growing youth cohort needs formal jobs that only SMEs generate — risking a dual...

UAE commits $4.5 billion for 60 African clean projects Funding announced at AU Summit in Addis Ababa Nearly 666 million Africans lack electricity, World Bank says The United Arab Emirates has committed $4.5 billion to finance more than 60 clean energy projects across Africa, Sheikh Shakhboot bin Nahyan Al Nahyan, the UAE minister of state for foreign affairs, said....

The appointment of a new chief executive at Uganda Airlines comes at a time of heightened expectations, as Ugandan authorities seek to restore the national carrier’s financial and operational credibility while strengthening its role in regional integration and the country’s international connectivity. Girma Wake, former chief executive of Ethiopian Airlines, has been appointed consultant and...

As informal employment dominates much of Africa’s labor market and millions of young people seek practical skills, understanding how the ILO defines informal apprenticeship highlights both the risks and the opportunities shaping skills development. Informal apprenticeship refers to the acquisition of occupational skills outside formal education systems. It takes place in the workplace, where a...

Liberia begins $45.28 million coastal road rehabilitation Ashoka Buildcon to upgrade 50 km stretch Project aims to boost connectivity, cut transport costs Liberia is set to begin the first phase of a road project linking Nrowkia, Barclayville, Sasstown and Nipleppo in the country’s south. Indian group Ashoka Buildcon said on Monday, Feb. 16, it had secured a $45.28...