Nigeria, with its majority Muslim population, spends hundreds of billions annually on halal products. The government sees major potential in this sector to drive economic growth in the coming years. The Federal Government of Nigeria is working on a strategy to position the country as a key player in the global halal economy, aiming to add $1.5 billion to its GDP by 2027. This initiative,...

Rwanda's real GDP grew by 9.7% in Q1 2024, surpassing the 8.2% average growth rate recorded in 2023. The World Bank announced this data in a September 17, 2024 report. The strong growth was mainly fueled by increased household consumption and increased investments. According to the report, the growth came despite a slowdown in the global economy. The World Bank revealed that robust...

Rio Tinto became a major shareholder in Sovereign Metals in July 2023. Through the move, Rio Tinto eyes the Kasiya project in Malawi. This project is expected to produce 244,000 tonnes of graphite and 222,000 tonnes of rutile annually over 25 years. British-Australian Group Rio Tinto has increased its stake in Sovereign Metals to 19.9%, up from 19.76%. Sovereign Metals, owner of the Kasiya...

The Kada gold project in Guinea holds 923,000 ounces of gold, according to a 2023 estimate. To boost this estimate, Asara Resources, the project's owner, plans an exploration campaign by the year’s end. On September 17, Asara Resources announced a share placement to raise $950,000 for its Kada gold project. Asara secured the funds from Barbet L.L.C FZ, a new investor, in exchange for a...

The International Telecommunication Union (ITU) has recognized seven African countries as cybersecurity role models. These countries have implemented national strategies, passed laws and regulations, and created regulatory bodies to secure their cyberspace. The ITU's Global Cybersecurity Index (GCI) awarded Tier 1 status to Ghana, Kenya, Mauritius, Rwanda, Tanzania, Egypt, and Morocco in...

In 2022, the United Nations ranked Ghana among the 16 most advanced African countries in e-governance. The digitization of administrative services is a priority in the country's development plans. Ghana launched last week a digital platform to improve rent control. The new tool, available at https://rentcontrol.mwh.gov.gh/, aims to make rental services more accessible to Ghanaians and improve...

Armed men attacked Bamako, Mali's capital, today September 17, according to reports from several media outlets. Two residents confirmed the attack over the phone, but the identities and motives of the attackers remain unknown. The Malian military has reportedly regained control in some areas, but officials have not released any formal statement or casualty numbers. On X, witnesses said a...

The Fund for Export Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank), is pleased to announce a strategic investment in Team Drogba, competing in the inaugural E1 Series, the world’s first-ever all-electric boat racing championship. This investment aligns with Afreximbank’s Creative Africa Nexus (CANEX) strategy, which includes...

ORAN technology allows telecom operators to lower the cost of network infrastructure by using open, interoperable hardware and software solutions. This can reduce the capital expenditure (CAPEX) and operational expenditure (OPEX) for telecom companies, making expanding coverage in underserved regions across Africa more feasible.  Accenture, in collaboration with MTN, has completed a...

In October 2023, AMS-IX and Wingu Africa signed a partnership agreement to establish AMS-IX Djibouti. Since then, the traffic at Djibouti’s Internet Exchange Point (IXP), now known as AMS-IX Djibouti, has quadrupled over the past year. This increase was announced on September 12 by Wingu Africa, the data center managing DjIX, and their Dutch partner AMS-IX, a leading player in the IXP sector....