• Bank of Ghana lowered its policy rate by 350 basis points to 21.5%.• Inflation slowed to 11.5% in August, the lowest level in four years.• The move aims to boost credit and investment as growth strengthens. The Monetary Policy Committee of the Bank of Ghana (BoG) decided at its 126th meeting to cut the policy rate by 350 basis points to 21.5% from 25%. This decision, which follows a...

• Djibouti, Visa sign deal to develop national digital wallet• Project aims to expand digital access, boost financial inclusion• No final agreement or timeline announced for implementation Djibouti's government signed a memorandum of understanding with U.S. payment solutions provider Visa on Tuesday, September 16, to develop a national digital wallet, dubbed "Smart Wallet." The authorities...

• Google will set up four infrastructure hubs in Africa to connect new submarine cables.• The hubs will link Equiano and Umoja cables, adding landing stations and data centers.• The project, funded by Google, will be completed within three years to cut internet costs. Google plans to install four infrastructure hubs in Africa to connect its new submarine fiber optic cables and improve...

• Sixteen African countries signed or backed AFRIPERF charter at Africa Oil Week in Accra.• The forum aims to unify rules, improve transparency, and attract oil investment.• Africa faces falling oil funding as global financiers cut fossil fuel exposure. Sixteen African countries signed or endorsed the charter of AFRIPERF on September 18 during Africa Oil Week in Accra. Chaired by Gbenga...

• Sub-Saharan Africa spent nearly $7 billion on digital infrastructure in 2024, up from $6.3 billion in 2020.• Around 60% of these funds went to mobile networks, mainly for 4G expansion and 5G rollout.• Fiber and data centers lag behind, raising concerns over long-term digital sovereignty. Investments in digital infrastructure in Sub-Saharan Africa continued to grow in 2024....

Liebherr comeback: German-Swiss group wins 10-year crane contract with Transnet after 2023 corruption settlement. Green focus: Hybrid and diesel-electric cranes to cut CO₂ emissions by up to 50% and support South Africa’s 2050 neutrality target. Strategic shift: Europe scores a rare port infrastructure win in Africa, countering Chinese dominance Liebherr, the German-Swiss equipment...

Nigeria launches 1 GW solar plant to produce 2 million panels a year, aiming to cut $600 million in annual imports. The factory is expected to create up to 2,000 jobs and supply panels for schools, hospitals, and mini grids. Imports from China still dominate; PwC warns against abrupt bans that could stall off-grid power growth. Nigeria has launched a joint venture to build its first...

5G penetration in Sub-Saharan Africa stands at 1.2% despite $28 billion in operator investments over five years. High smartphone and data plan prices significantly hinder faster 5G adoption. The ITU and UNESCO report projects 5G will reach 17% penetration by 2030, with 4G at 49%. Fifth-generation (5G) networks currently constitute only 1.2% of mobile connections in Sub-Saharan Africa....

Metier Capital Growth Fund III invests an undisclosed sum in Watu Group. Watu operates in 8 African markets, with over 2 million loans disbursed since 2015. Investment will support governance, geographic expansion, and product diversification. Watu Group, a financial institution providing micro-credits for mobility and connectivity, announced on September 16, that South African investor...

Mombasa's commuter train service resumed on September 17, 2025, after modernization. The expanded 16.6 km line connects Mombasa's main district and central business area, serving 4,000 daily passengers. The project aims to alleviate road congestion, reduce transport costs, and bolster Mombasa's regional trade position. Kenyan President William Ruto relaunched Mombasa's commuter rail...