Seplat Energy plans up to $3 billion in investments over five years for recently acquired ExxonMobil assets. The Nigerian firm aims to increase production by 50% to 200,000 barrels per day equivalent. Seplat's financing strategy for the ambitious plan includes internal funds and potential external financing, given its current debt and cash position. Nigerian independent Seplat...

• Senegal authorizes onion imports from September 19 to December 31, 2025.• The decision addresses depleted local stocks despite record 2025 production estimates.• The Netherlands supplied nearly 90% of Senegal's 2024 onion imports. Senegal has authorized onion imports from September 19 to December 31, 2025. The Ministry of Industry and Commerce, in conjunction with the Market Regulation...

Kenya hopes for U.S. trade deal by end of 2025 AGOA expiry threatens jobs, 10% U.S. export tariffs Talks restarted in August; deal timing still uncertain After nearly five years of negotiations, a trade deal between Kenya and the United States may finally be concluded this year, Kenyan officials believe. On September 19, Kenya's Trade Minister Lee Kinyanjui told Reuters the country hopes...

Nigeria has the world's largest electricity access deficit, with 86 million people left unconnected in 2022, according to the IEA. To counter the national grid's weaknesses and significant economic costs, individuals and particularly industrial users are increasingly turning to self-generated power. Nigeria's unreliable power grid is costing the country's economy an estimated 5% to 7% of its...

• Government approves decrees applying 2023 mining code to four major mines• State shareholding in mines raised to 35%, with priority dividend rights• Agreements cover Sadiola, Syama, Goulamina, and Bougouni projects The Malian government announced on September 19 that it has approved decrees implementing new agreements on two lithium mines, Goulamina and Bougouni, as well as the Sadiola...

• Only 38.4% of Congolese have internet access in early 2025, giving opportunity to tap on the 60% remaining offline, for growth expansion.• CARIA, a pan-African AI center was unveiled. It will support research, training, and innovation in health, education, and agriculture.• Congo signed an MoU with Genew Technologies. The deal supports AI skills training, connectivity, and e-government...

• Government approves $4.5 mln emergency package for flood-affected families• $1.8 mln to fund drainage works, $2.7 mln for food aid, shelter, and logistics• Floods continue to threaten food security and displace thousands in Senegal The Senegalese government announced on September 19 an emergency package of CFA2.5 billion ($4.5 million) to assist populations affected by...

• CAF signs €450 mln ($530 mln) deal to upgrade and maintain Cairo Metro trains• Project covers modernization of 39 trains on Line 2 and maintenance of Lines 1–2• Spain uses FIEM fund to expand global footprint in Egypt’s transport sector Spanish rail group CAF has signed three agreements with Egypt’s National Authority for Tunnels (NAT) to modernize 39 trains on Line 2 of the...

• Rubber Processors Association says lack of processing costs $100 mln a year• Over half of Ghana’s 2024 exports were raw rubber with little value addition• Foreign intermediaries capture large share of unprocessed rubber market Ghana loses more than $100 million annually due to low processing in its rubber industry, according to the Rubber Processors Association (RPA). The...

• Mauritius central bank governor Rama Sithanen to resign after PM request• Resignation follows deputy’s exit, allegations of family interference• Rupee up 6% in 2025, inflation contained at 3.3% The governor of the Bank of Mauritius, Rama Sithanen, announced on Saturday, Sept. 20, that he will resign in the coming days after Prime Minister Navin Ramgoolam asked him to step down amid...