InfraCorp, REA and Dutch firm Solarge BV formed Solarge Nigeria Limited to build a 1 GW solar panel factory. REA committed to purchase 200 MW annually for five years to secure demand. The project targets 50% local content within three years. InfraCorp, Nigeria’s Rural Electrification Agency (REA), and Dutch manufacturer Solarge BV announced on Sept. 17 the creation of Solarge...

The OPEC Fund approved $576.5 million in loans for nine African nations to finance reforms, infrastructure, energy, and agricultural value chains. South Africa, Morocco and Côte d’Ivoire received the largest allocations, including $150 million for infrastructure and $117.5 million for climate resilience. Ghana and Côte d’Ivoire jointly secured $75 million to support...

Rwanda’s GDP grew 7.8% in Q2 2025, up from 6.5% in Q1, driven mainly by services (50% of output). A GDP rebasing to 2024 raised the country’s economic size by 6% to 19,981 billion FRw ($13.7 billion). Growth persists despite regional tensions with the DRC that have disrupted several partnerships. Rwanda’s economy expanded by 7.8% in the second quarter of 2025,...

Kinshasa hosted the Digital Africa Summit 2025, sponsored by Visa, focusing on digital transformation and connectivity. Visa introduced "Visa Pay," a solution promoting interoperability between bank accounts and mobile wallets in the DRC. A GSMA report presented at the summit projects significant growth in the Congolese digital market by 2029, despite ongoing...

HB Antwerp claims producers can increase revenues by up to 40% using its polished-value pricing model. The approach focuses on large, high-quality stones (+10.8 carats) at Botswana’s Karowe mine, raising doubts about its wider applicability. Weak demand and competition from lab-grown diamonds have cut De Beers’ Q1 2025 revenue by 44% and forced Lucara to slash its annual...

Norfund exits three East African hydropower projects, selling its 50.1% stake in Klinchenberg BV to Savannah Energy. Savannah gains stakes in Bujagali, Mpatamanga and Ruzizi III, diversifying into renewables across five African markets. The deal reflects a wider trend of DFIs handing mature projects to private investors to scale Africa’s power generation. Norfund, Norway’s...

• Yango Ventures invests in Kenyan SME lender Zanifu• Fintech has issued $60M+ loans to 15,000 small businesses• Funding to accelerate African expansion, address $5.2T SME gap Yango Ventures, a $20 million venture capital fund belonging to international tech group Yango, announced on Thursday, September 18, 2025, that it has invested in Zanifu, a Kenyan fintech specializing...

• Airtel Tchad to invest $89.7M to improve telecom network by 2026• Three-phase plan includes 4G, fiber rollout, Huawei core upgrade• Follows regulator pressure, prior fine over poor service quality Chad's telecom operator Airtel Tchad plans to invest 50 billion CFA francs (about $89.68 million) in its network by the end of June 2026 to improve service quality for consumers. A...

• Ghana, BADEA sign $500M deal to boost 24-Hour Economy• First $60M to support SMEs, trade, and infrastructure projects• Program targets 1.7M jobs, industrial growth, and exports The government of Ghana and the Arab Bank for Economic Development in Africa (BADEA) signed a $500 million memorandum of understanding on Wednesday, September 17, 2025. The agreement is designed to...

• Benin approves $509M plan for inclusive education reform• Targets out-of-school youth with flexible, bilingual learning model• Aims to cut dropout rates, meet regional and SDG commitments The government of Benin approved a plan on Wednesday, September 17, to expand access to education and promote school inclusion. The initiative targets children aged 9 to 14 who have been excluded...