Dangote signs $400 million equipment deal with China’s XCMG Refinery capacity to expand to 1.4 million bpd Petrochemicals, fertilizer output to rise sharply under plan Nigeria's Dangote Group signed a $400 million contract on Monday with China's XCMG Construction Machinery Co. to acquire construction equipment, as part of efforts to expand its oil refinery's capacity from...

Guinea moves to relaunch stalled Nongo vocational complex Center to train 1,000 yearly in construction, hospitality Part of broader strategy to boost youth employment Guinea's Minister of National Education, Literacy and Vocational Training, Alpha Bacar Barry, visited the Nongo complex on Monday alongside the Moroccan ambassador. The facility, dedicated to construction, hospitality and...

IMF identifies North Africa as a rising hub for trade, investment and industrial growth Egypt and Morocco register above‑regional average growth, supported by infrastructure and exports Structural reforms and strategic location boost resilience and attract capital flows North Africa is gaining economic traction in early 2026, with Egypt and Morocco leading growth and transformation. A...

The agreement was signed on the margins of the 39th African Union Summit in Addis Ababa It applies to holders of diplomatic and official passports only, enabling visa-free travel for senior government officials, regulators, and state-linked delegations from two of Africa's largest oil-producing economies Officials frame the deal as a precursor to wider cooperation in trade, infrastructure,...

TAAG receives fifth Airbus A220-300 aircraft Fleet expansion targets 50 planes under 2024-2029 plan Airline aims for 3 million passengers, stronger African connectivity TAAG Angola Airlines received its fifth Airbus A220-300 last weekend. The aircraft, registered D2-TAK, seats 137 passengers, with 12 in business class and 125 in economy. The acquisition is part of the national carrier's...

Sahel Capital raises Sukuma loan facility to $1.8 million Funding to boost exports, sourcing, farmer market access Uganda exported 8.4 million coffee bags in 2025 Nigeria-based fund manager Sahel Capital has increased its financing to Ugandan coffee exporter Sukuma Commodities, raising its loan facility to $1.8 million from the $1 million initially committed in 2024. The...

Abidjan port handles 46.6 million tons in 2025 Leads in conventional freight, trails Tema and Lomé containers Growth driven by domestic demand, Sahel transit rebound Port of Abidjan handled 46.6 million metric tons of cargo in 2025, up 16.1% from 2024, cementing its position as West Africa’s leading port by volume. The figures, however, show a more nuanced picture: the Ivorian hub...

Ethiopia launches AI UniPod innovation center in Addis Ababa Hub supports AI research, startups, domestic tech development Initiative aligns with Digital Ethiopia 2030 strategy Ethiopia’s Vice Prime Minister Temesgen Tiruneh on Monday inaugurated the Artificial Intelligence University Innovation Pod (AI UniPod) in Addis Ababa, a national innovation center aimed at strengthening the...

Tunisia to fully digitize public services by 2030 Plan includes 192 projects, expanded e-payments, interoperability Reform aims to boost transparency, investment, curb corruption Tunisia plans to fully digitize public services under its 2026-2030 development strategy, the government said after a ministerial council meeting on digital transition held on Friday at the Kasbah Palace. The...

Azule Energy finds 500 million barrels offshore Angola Algaita-01 well drilled in 667-metre-deep waters Discovery supports Angola’s push to sustain oil output Azule Energy’s joint venture has identified an estimated 500 million barrels of oil off Angola’s coast, the company said on Feb. 13 after drilling the Algaita-01 exploration well on offshore Block 15/06. The announcement was...