Cashew deliveries hit 208,000 tons mid-2025, up 18.6% from 2024 Only 20% exported so far, hampered by smuggling and high taxes Cashews made up 93% of 2023 export revenue. Guinea-Bissau has transported 208,833 tons of cashew nuts from production zones to the capital, Bissau, the country’s main port, as of mid-2025. This figure, announced by Director General of Foreign Trade...

Egypt starts building a solar components plant in Ain Sokhna’s economic zone Chinese group Sunrev is investing $200 million to develop the project in two phases The site will export $300 million worth of solar panels yearly to Africa, the Middle East, and Europe Egypt has launched construction of a new solar photovoltaic industrial complex in the Suez Canal Economic...

Gabon begins 300 km Alembé–Mikouyi road project to reduce rail reliance and improve regional logistics. Funded by BGFIBank and built by Porteo BTP, linking Libreville to central provinces. Aims to ease supply disruptions, boost rural access, and create local jobs. Gabon is advancing on the long-awaited Alembé-Mikouyi road development and paving project, a 300-kilometer stretch...

Foreign banks can now apply for licenses to operate in Ethiopia New law allows foreign stakes in local banks, capped at 49% Reform is part of wider liberalization under Prime Minister Abiy Ahmed Foreign banks and international investors can now apply for banking licenses in Ethiopia, the National Bank of Ethiopia (NBE) announced on Wednesday, June 25. “The Ethiopian banking...

Zambia grants 43 energy licenses to boost petroleum distribution Adds fuel tankers, service stations, and repurposes TAZAMA pipeline Aims to localize transport, stabilize supply, and cut import reliance Zambia is moving to tighten control over its petroleum supply chain amid ongoing energy challenges. Last week, the Energy Regulation Board (ERB) announced it issued 43 licenses and...

Endeavour Mining produced 1.10 million ounces of gold in 2024, leading West Africa La Mancha, controlled by Egypt’s Sawiris family, holds the largest stake at 18.4% Endeavour operates five gold mines across Côte d’Ivoire, Burkina Faso, and Senegal With an annual gold output of 1.10 million ounces in 2024, Endeavour Mining stands as the largest gold producer in West Africa. The...

Aliko Dangote says Africa will no longer import fertilizer within 40 months His $2.5 billion plant in Nigeria already makes the country a net exporter of urea Africa still faces challenges in potash fertilizer production despite progress Africa may reach fertilizer self-sufficiency by early 2028, according to Nigerian billionaire Aliko Dangote. Speaking on June 27 at the 32nd...

Across Côte d'Ivoire, in major cities like Abidjan, Korhogo, and Gagnoa, a crucial question is sparking intense debate: Who will be the candidates in the October 2025 presidential election? This West African Francophone nation has seen its political landscape shaped for months by public declarations, party infighting, and impactful administrative rulings, with the most significant being Laurent...

• BOAD releases CFA10 billion ($17.8 million) to support Boungou and Wahgnion gold mines.• Burkina Faso acquired both mines in 2024 but has struggled to exploit them effectively.• Authorities aim to boost state revenue by increasing control over gold assets. The West African Development Bank (BOAD) has approved CFA10 billion in funding to support Burkina Faso’s Boungou and Wahgnion gold...

• Ghana’s Cocobod announces plan to fulfill 100,000 tons of delayed contracts during the 2025/2026 harvest.• Production fell sharply in 2023/2024 due to bad weather, disease, illegal mining, and smuggling.• New measures aim to revive output and restore confidence in Ghana’s cocoa sector West Africa produces 70% of the world’s cocoa, with Ghana as the second-largest supplier after...