TANESCO completes first phase of 50 MW solar park in Shinyanga €39 million first phase backed by AFD financing Second phase to add 100 MW as Tanzania seeks to diversify energy mix Tanzania Electric Supply Company (TANESCO) announced on Saturday, February 21, the completion of the first phase of the Kishapu solar project in the Shinyanga region of northwestern Tanzania. According...

Nigeria will test a shared registry of authorized industrial fishing vessels Tool aims to curb illegal, unreported and unregulated fishing in six countries Illegal fishing in West Africa costs about $2.3 billion and 300,000 jobs yearly Nigeria has committed to leading the pilot phase of the first regional registry of authorized fishing vessels in the Gulf of Guinea, according...

Santam secures license to open reinsurance branch in India’s GIFT City Becomes first BRICS-based insurer to establish reinsurance presence there Move targets India’s fast-growing insurance market, among the world’s top 10 South African insurance group Santam announced on last week it has obtained approval to open a reinsurance branch in India at Gujarat International Finance...

Proparco grants 9 billion naira guarantee to support MSME lending Risk-sharing tool could unlock up to 18 billion naira in loans over two years Move comes as only 5% of Nigeria’s 37 million small firms access bank credit Proparco, the private sector arm of the AFD Group, granted Nigerian lender Wema Bank a 9 billion naira (about $6 million) portfolio guarantee last week to ease...

U.S. analyst says TSGP faces no major engineering obstacles despite Sahel security concerns 4,000-km pipeline would link Nigeria’s gas reserves to Algeria via Niger Project cost estimated at $13 billion, with construction expected after Ramadan The technical conditions for the Trans-Saharan Gas Pipeline (TSGP) are in place, according to Geoff D. Porter, a U.S. specialist in North...

Jean-Arsène Yerima, Regional Chief Operating Officer for Francophone West Africa at Afreximbank, sets out the bank’s strategy to fast-track industrialization across the continent. He details the role of industrial zones, public-private partnerships, skills development, and targeted financing for export-oriented SMEs. Ecofin Agency: Mr. Yerima, Africa is rich in raw materials, yet the...

Study projects 250–300 heat wave days annually in most regions by 2065–2100 Land-use change, including deforestation, amplifies extreme heat Researchers urge emissions cuts and forest protection to limit impacts Large parts of Africa could face heat waves lasting 250 to 300 days a year from 2065 onward, driven by a combination of global greenhouse gas emissions, radiation, humidity and...

A funding round secured despite a global slowdown in venture capital Expansion into Saudi Arabia positions the company within one of the world’s fastest-growing digital economies Platform targets major e-commerce bottlenecks by integrating logistics, cross-border trade, sales channels, and financing Egypt-based e-commerce infrastructure startup Flextock has secured $12.6 million in...

Remittances from Egyptians abroad reached a record $41.5 billion in 2025, up 40.5% year-on-year. December inflows alone totaled $4 billion, marking the highest monthly level on record. Remittances ranked as Egypt’s third-largest source of foreign currency after exports and FDI. Financial transfers from Egyptian migrants reached a record $41.5 billion in 2025, marking a...

The World Bank plans to mobilize up to $6 billion for Mozambique over five years. The institution has already secured nearly $3 billion and seeks an additional $3 billion in grants and concessional financing. The IMF estimates Mozambique’s public debt at around 90% of GDP in 2025. The World Bank plans to mobilize up to $6 billion in financing for Mozambique over the...