Uganda expects 8% yearly GDP growth, driven by oil, transport, and power projects Crude output set to begin mid-2026, with production projected to peak at 230,000 bpd IMF sees oil start boosting budget balance and current account in coming years Uganda’s economy is projected to grow at an average annual rate of 8% over the next five years, supported by the launch of crude oil...

Saviu Ventures acquires stake in Jobo Interim, deal amount undisclosed This marks the 12th investment under the Saviu II fund for African startups Jobo seeks to formalize temporary labor in Côte d’Ivoire and expand regionally Ivorian startup Jobo Interim, which specializes in recruitment and workforce management, has welcomed Saviu Ventures as a new shareholder. The venture...

Algérie Télécom reached 2.5 million fiber subscribers on September 14, offering speeds up to 1.5 Gbps. Algeria's FTTH connections grew from 53,000 in 2020 to 2.5 million in 2025, covering 27% of households. The government plans to phase out copper networks by 2027 as Algeria becomes Africa's largest FTTH market. Algérie Télécom announced on September 14 that the number of...

Kredete, a financial technology company founded in 2023, has raised $22 million in a Series A funding round led by AfricInvest, Partech, and Polymorphic Capital. The company aims to enhance digital financial infrastructure by integrating stable value credit solutions for African immigrants. This investment will support Kredete's expansion into Canada, the United Kingdom, and key European...

Uganda to host Aeonian AI center at Karuma hydropower site starting in 2026 Project includes 10 MW USIO supercomputer built with NVIDIA and partners Initiative aims to cut Africa’s 98% reliance on foreign data processing Uganda is set to host the Aeonian project, a large-scale sovereign artificial intelligence (AI) center, starting in 2026. Developed by Synectics Technologies in...

UBA pledges $150 mln to Kenya’s $1.35 bln road tax securitization scheme Initiative aims to clear arrears and restart stalled road projects Analysts warn fuel levy-backed plan could raise living costs through inflation United Bank for Africa (UBA) has committed $150 million to Kenya’s road tax securitization program worth $1.35 billion. The scheme, led by...

World Bank projects Côte d’Ivoire’s economy to grow 6.2% in 2025, up from 6.1% in 2024 Growth expected to average 6.4% in 2026–2027, led by hydrocarbons, mining, and services Poverty remains high in rural areas despite progress, with 51.2% rate recorded in 2021 Côte d’Ivoire’s economy is expected to grow by 6.2% in 2025, according to the latest World Bank report...

• Sub-Saharan Africa lacks storage; less than 30% of output covered• Post-harvest losses hit 40% of perishables, 20% of other foods• Warehouse growth rising, but too slow to secure supply chains In sub-Saharan Africa, a lack of adequate storage infrastructure is a major bottleneck for supply chains. Already hampered by insufficient roads, railways, and ports, these systems often operate on...

• Central African Republic seeks $12B for 2024-2028 development plan• 58 projects target agriculture, mining, energy, transport, and health• Goal: 4.2% annual growth, poverty reduction, expanded electricity access The Central African Republic is seeking to mobilize $12 billion to finance its national development plan for 2024-2028. The government is hoping to secure the funding...

• Ghana launches $1.1B "Big Push" to address infrastructure gap• Funded by oil revenues, mining royalties, and private partnerships• Investment to rise to $1.7B by 2028, targeting transport, energy, digital The Ghanaian government announced on Friday, September 12, 2025, that it plans to invest 13.9 billion cedis ($1.1 billion) in large-scale infrastructure projects as part of a...