Zimbabwe signed a $455 million, 15-year concession agreement with Jindal Africa to rehabilitate its 920 MW Hwange thermal power plant. The agreement aims to address a severe energy crisis caused by the collapse of Kariba hydroelectric production due to drought. Work on Hwange's six 1980s-era units will span four years, with Jindal Africa financing, rehabilitating, and operating...

Uganda plans to borrow $358 million from regional and international financial institutions. Funds will finance an electricity interconnection with South Sudan and a road link to the DRC. The loans aim to strengthen regional integration and expand access to clean water. Uganda intends to borrow $358 million from several regional and international financial institutions....

DP World plans a $29 million cold storage facility in Egypt with a 25,000-pallet capacity. The 16,000 m² facility will store refrigerated and frozen goods, addressing growing food logistics needs. Africa's cold storage capacity covers less than 30% of annual production, leading to significant post-harvest losses. The port and logistics group DP World announced the signing of...

Qatar Investment Authority (QIA) will invest $500 million in Ivanhoe Mines. The investment gives QIA approximately a 4% stake in Ivanhoe. Ivanhoe will use the funds to advance its "essential minerals" projects, including the Kamoa-Kakula copper mine. On September 17, Ivanhoe Mines revealed the QIA's $500 million investment. The Canadian company, a co-owner of the...

U.S. Representative Brian Mast introduced a bill to condition IMF aid to Zimbabwe on full compensation for expropriated white farmers. Zimbabwe signed a $3.5 billion compensation agreement in 2020, but payment progress remains slow. The proposed bill mandates inflation-adjusted compensation and prohibits local currency-denominated payments for arrears within 12 months of...

Starlink halts sign-ups in Lagos, Abuja as Nigeria demand overwhelms satellite capacity. Prices up, speeds down: Nigeria’s waitlists expose limits of Musk’s asset-light Africa model. MTN, Airtel race ahead with fiber, 5G as Starlink risks sliding into premium niche status. Starlink, the satellite internet service owned by Elon Musk’s SpaceX, has hit capacity limits in...

Khalil Dinguizli becomes the European Bank for Reconstruction and Development's (EBRD) first representative in Senegal. Senegal joined the EBRD as a shareholder in July 2025. Dinguizli will establish the bank's local presence and prepare for financing deployment. Khalil Dinguizli, a Franco-Tunisian executive, has assumed the role of the European Bank for Reconstruction and...

World Bank projects Ivory Coast could achieve 7-8% average annual growth with fiscal mobilization above 15% of GDP. Ivory Coast's tax revenue reached 14% of GDP, still below potential and the WAEMU 20% target. The country exceeded Q1 2025 revenue targets with a 115.8% realization rate. The World Bank projects Ivory Coast could achieve an average annual growth rate of 7% to 8%...

UNICEF warns of a global $3.2 billion decline in education funding by 2026, a 24% drop from 2023. This could lead to 6 million more children out of school globally, including nearly 2 million in West and Central Africa. Several West African countries are increasing national education budgets to reduce reliance on external aid. On September 3, 2025, the United Nations...

Cameroon invested $45.2-54.2 million in fiber optic infrastructure, but it remains largely underutilized. Consumers continue to report declining telecom service quality, despite investments. Camtel, the state operator, holds a fiber optic monopoly and faces significant financial difficulties. Between CFA25 billion and CFA30 billion ($45.2 million to $54.2 million) has...