• Banco de Fomento Angola (BFA) is set to launch the largest IPO in Angolan history, aiming to raise approximately $239 million by selling a 29.75% stake in September 2025.• The IPO will serve as a crucial test of Angola's ability to attract international investors amid economic challenges like currency volatility and high inflation.• The offering also allows its major shareholders,...

• Union Bank merges with Titan Trust, forms single entity• All TTB assets, branches now under the Union Bank brand• Merger aims to boost services, lending, and digital growth Union Bank of Nigeria has finalized its merger with Titan Trust Bank (TTB), the bank announced on Sunday, August 31, 2025. The move, approved by the Central Bank of Nigeria (CBN), completes an integration process that...

• Tanzania to host investor talks on expanding CNG infrastructure• Government aims to boost CNG use, cut fuel costs• Nigeria's CNG success cited as potential model for Tanzania Tanzania’s Deputy Minister of Energy, James Mataragio, announced on Friday that the country will host a national meeting with investors, banks, and regulators to address financial barriers hindering the...

Nigeria eyes $671m data center market by 2030, seeks Chinese investors. Rising mobile data, e-commerce drive sector growth amid tough competition. Success hinges on robust, flexible infrastructure and regulatory alignment. Nigeria is seeking Chinese investment to expand its fast-growing data center market, which is projected to reach $671 million by 2030, according to the...

TotalEnergies and QatarEnergy secured Congo’s Nzombo deepwater permit with SNPC under a production sharing contract. The consortium will drill one exploration well by the end of 2025, leveraging proximity to Moho facilities to reduce costs. Congo targets 500,000 barrels per day (bpd) by 2027, with Nzombo seen as key to boosting output and attracting further...

Morocco tests floating solar at Oued Rmel dam (13 MW) to produce green energy for Tanger Med. The project aims to cut water evaporation by 30% amid drought, preserving vital resources. Africa holds vast floating solar potential, offering dual energy and water solutions. Facing persistent drought, Morocco is piloting floating solar technology as an innovative approach to...

Carlyle agreed to acquire Altera’s FPSO business, including Côte d’Ivoire projects, as part of a global upstream expansion strategy. The deal encompasses FPSOs Petrojarl Kong and Piranema, as well as 50% of Pioneiro de Libra and FSO Yamoussoukro, all under long-term contracts. Altera, backed by Brookfield, exits FPSOs to focus on core shipping and CCS, while Carlyle targets...

Egypt boosts gas exploration with $343M deals to counter declining output. New wells in Mediterranean/Nile Delta involve Shell, Eni, Arcius, Zarubezhneft. Production fell to 3.5 BCM/month, forcing $3B LNG imports; success depends on rapid new discoveries. Egypt is intensifying its efforts to revitalize its natural gas sector, which has experienced a sustained decline in...

Singapore-Africa trade grew 54% to S$18.7B (US$14.3B) between 2020 and 2024. Singapore is the top ASEAN investor in Africa, with cumulative investments of S$26.9B. New bilateral investment treaties were signed with Nigeria and Ivory Coast to boost capital flows. Trade between Singapore and Africa surged 54% in four years, underscoring the city-state’s push to expand its footprint...

• 93% of Ivorian households own a television set• TV and digital media dominate with 3+ hours daily use• Peak TV audience hits 2M viewers at 8 p.m. Television is the most-watched medium in Côte d'Ivoire, according to new audience data from a partnership between the country's High Authority for Audiovisual Communication (HACA) and the British research firm Kantar TNS. HACA tasked Kantar...