• SGCI posts 10% profit rise to $89.3M in H1 2025• Strong deposits growth, but non-performing loans up 12.8%• Political uncertainty, election risks cloud banking sector outlook Société Générale Côte d’Ivoire (SGCI) reported a strong first half of 2025, with net profit rising 10% year-on-year to 53 billion CFA francs ($89.3 million). The performance solidifies the bank's...

• Egypt tops Africa with $16.4B in food imports• Africa’s total food imports hit $97B (2021–2023)• Somalia most dependent; Liberia least reliant on food imports Egypt has emerged as Africa's largest food importer, according to a recent report from the United Nations Conference on Trade and Development (UNCTAD). The report, "The State of Commodity Dependence 2025," reveals...

• Lucara secures $10M loan for Karowe underground project• UGP faces delays, costs rise to $683M• Diamond market slump pressures revenues, project financing Lucara Diamond has secured a $10 million loan from its largest shareholder, Nemesia S.a.r.l., to address a funding shortfall for its Karowe underground project (UGP) in Botswana. The company announced the funding on...

• InVastor trains 463 Kenyan leaders on cryptocurrency use• Officials receive $50 each in InVastor Coins• Program seeks informed regulation, fintech growth in Kenya Nairobi-based digital finance platform InVastor Inc. has launched a cryptocurrency training program, providing nearly 500 Kenyan political leaders with a hands-on introduction to digital assets. A total of 463 officials,...

• ASX suspends West African Resources over Burkina Faso stake move• Government seeks 50% ownership of Kiaka gold project• New mining code boosts state control in resource sector The Australian Securities Exchange (ASX) has suspended trading of West African Resources (WAF), the company that owns the Kiaka gold mine in Burkina Faso. The suspension, announced Monday, follows a disclosure by...

• Fidelity Bank plans expansion into underbanked DRC market• New subsidiary to support digital projects, financial inclusion• DRC banking penetration remains low at just 6% Fidelity Bank, one of Nigeria's leading financial institutions, has announced its intention to establish a lasting presence in the Democratic Republic of Congo (DRC). Fidelity Bank's managing director, Nneka...

Over the past two decades, mobile money has grown into a cornerstone of African finance. Driven by innovation from telecom operators in a largely unbanked continent, the service has become essential for both personal and business use. With its full potential still untapped, mobile money is now attracting growing interest from new global financial players eager to capture a share of its rapid...

The Mount Nimba Nature Reserve, a true cross-border treasure, stretches across Guinea and Côte d’Ivoire, at the edge of Liberia. It is dominated by an impressive mountain range that rises to 1,752 meters at Mount Nimba (also known as Mount Richard Molard), making it the highest peak in both countries. Since its creation in 1944, the area has benefited from strict protection status, symbolizing...

• Mozambique cleared 115 investment projects worth $5 billion in H1 2025.• Flagship project: $3 billion Green Energy Mozambique industrial park in Sofala.• Foreign investors contributed $3.2 billion, led by industry, transport, and services. The Mozambican government has approved 115 investment projects valued at about $5 billion in the first half of 2025, with the...

• Nearly 150 delegates from 17 countries met in Dakar to address youth job and education crises.• Two in three young people in sub-Saharan Africa hold informal or vulnerable jobs, ILO says.• Violence forced the closure of 14,000 schools in 2023, affecting 2.8 million children. From August 26 to 28 in Dakar, about 150 delegates from 17 countries gathered for the annual West Africa and Sahel...