Drillship Çağrı Bey to begin drilling Curad-1 about 370 km off Mogadishu Operation marks Turkey’s first deepwater drilling mission abroad Move follows growing Turkey–Somalia energy cooperation since 2024 Turkey has dispatched its deep-sea drillship Çağrı Bey to Somalia to carry out an offshore oil exploration operation, the Turkish Ministry of Energy and Natural Resources...

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value rose over 40%, outbound value jumped nearly 85% Consumer goods sector topped both value and volume of transactions South Africa, Egypt and Kenya accounted for about 70% of the total value of mergers and acquisitions (M&A) recorded in Africa in 2025, according to a report published on...

BiasharaLink and Deal House aim to support AfCFTA implementation Platforms seek to turn African diplomatic missions into trade facilitators Fewer than 1% of 3,500 monthly trade requests lead to formal deals Kenya announced last week the launch of BiasharaLink and Deal House, two digital platforms designed to strengthen economic diplomacy and boost intra-African trade. Unveiled...

Dakar-based ICF opens representation office in Abidjan Côte d’Ivoire hosts 18 of WAEMU’s 38 licensed brokerage firms BRVM equity market cap rose 5.54% in January to CFA14,070 billion Invictus Capital & Finance (ICF) announced on February 16 the opening of a representative office in Abidjan, Côte d’Ivoire. The Dakar-based brokerage and asset management firm, led by Isaac...

FQM and Anzana plan up to 50 MW of hydropower in northern Zambia Power will supply FQM mines through a wheeling deal with Zesco Move comes as Zambia pushes solar to reduce reliance on dams First Quantum Minerals (FQM), a mining company producing mainly copper, gold, and nickel, and hydropower developer Anzana Electric Group announced on February 12 a partnership to develop up...

Oando seeks to raise 220 billion naira ($162.5 million) through a rights issue More than 4.4 billion new shares to be offered at 50 naira each Net output rose 32% in 2025 as capital spending surged Nigeria’s energy group Oando has formally launched a capital increase plan to raise about 220 billion naira ($162.5 million), subject to approval by the Nigerian Exchange Limited...

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals that the first phase could exclude UEMOA’s eight CFA-franc countries. Nigeria and Ghana, key candidates for the first wave, still face high inflation, currency pressure and fiscal fragilities. Governors of central banks from twelve member states of the Economic Community of West...

Togo’s GDP per capita surpasses $1,300 in 2025, supported by economic growth above 6%. The United Nations revises population data downward by about 12% following the 2022 census. The demographic adjustment mechanically lifts GDP per capita, which rises from $1,206.93 in 2023 to $1,281.04 in 2024. Togo’s GDP per capita crosses the $1,300 threshold in...

The Tree Crops Development Authority targets $600 million in investment commitments, or $100 million for each of six strategic tree crop value chains. The authority estimates that each value chain could generate up to $2 billion in annual export revenue by 2030 with adequate investment and processing capacity. The government plans a $500 million financing...

“Dao” ranks among the three films in official competition at the 76th Berlinale and marks Alain Gomis’ second bid for the Golden Bear. The film premiered on February 14 at the festival and will release in French cinemas on April 29. Alain Gomis shot the 3-hour-5-minute feature over 20 days in 2023 between Guinea-Bissau and France. The world premiere of “Dao” took...