Gabon launches a fresh CFA50 bln bond issue after June’s oversubscribed sale Offer structured in two tranches with 2- and 3-year maturities at 5.6% and 6% Proceeds to finance priority projects, economic recovery, and public finances Gabon is back on the Central Africa Stock Exchange (BVMAC) to raise CFA50 billion ($89.1 million). The bond, named “EOG 2025 à tranches multiples...

World Bank report highlights weak tax contribution from agriculture despite large exports Farm companies achieve only 2% of potential corporate tax revenue, versus 63% in industry Export duties on cocoa and cashew remain key revenue source, not profit taxation Agriculture in Côte d’Ivoire is among the sectors that remain lightly taxed, alongside mining, trade, construction, and...

Polish company Hynfra signed a framework agreement with Mauritania for a $1.5 billion green ammonia project, targeting 100,000 tonnes per year by 2030. The project will integrate solar and wind power, electrolyzers, a synthesis unit, desalination, and export logistics via the Port of Friendship. Despite numerous high-profile announcements, concrete progress on Mauritania's green...

• Ethiopia was Africa's largest fertilizer importer in 2024, acquiring nearly 1.97 million tonnes, primarily NP compounds and urea.• Sub-Saharan Africa's top five importers—Ethiopia, Kenya, Zambia, Nigeria, and Côte d'Ivoire—rely heavily on imports due to limited local primary fertilizer production.• Several countries, including Kenya, Zambia, and Côte d'Ivoire, re-export significant...

• Côte d'Ivoire aims to connect 30 new localities to high-speed internet by September 25, as part of the second phase of its National Rural Connectivity Program (PNCR).• The broader national plan targets connecting 575 rural localities to high-speed internet by the end of 2025.• The initiative seeks to reduce the digital divide, foster social and financial inclusion, and position Côte...

• Chinese company Jetty Automotive Technology inaugurated a new automotive cable manufacturing unit in Borj Cedria, Tunisia, on September 8.• The plant targets a production capacity of 5,000 cable harnesses per day by year-end and expects to create 1,000 direct jobs.• This investment strengthens Tunisia's position in the automotive sector, diversifying its industrial partners and...

• International Lithium Corp (ILC) announced an option to acquire Lepidico's 80% stake in the Karibib lithium project in Namibia for C$975,000.• The Karibib project holds 11.9 million tonnes of mineral resources at 0.45% lithium oxide.• ILC positions for a lithium market recovery, despite current oversupply and price downturn, with long-term demand driven by the energy transition. In...

• Algeria’s SNS signs $950 mln agreements with partners from Senegal and China• Deals aim to raise steel output, exports, and local integration• Algeria eyes regional hub status with Gara Djebilet iron mine Algeria’s National Steel Company (SNS) signed eight agreements worth a total of $950 million on September 9 with companies from Senegal, China and others on the sidelines...

• Kenyan firm KickStart enters Senegal’s irrigation market with low-cost pumps• Partnership with Nafiyo Solutions aims to support small farmers• Only 9% of farm households used irrigation in 2022/23, official data show Kenyan irrigation equipment maker KickStart has launched operations in Senegal, the Ministry of Agriculture said in a statement on Tuesday, September 9. For its first...

• Bank of Ghana slashed policy rate to 25%, but credit costs remain among the world’s highest.• The Cedi has reversed early-year gains, down 31% since June, with forecasts pointing to further weakness.• Q2 GDP grew 6.3% on services and commodities, but import demand and uneven inflation weigh on stability. Ghana’s central bank is treading a fine line between stimulating growth and...