• NOA finalizes financing for 349 MW solar project, South Africa’s largest to date• Standard Bank provides innovative guarantee mechanism to accelerate rollout• Khauta complex to produce over 1,000 GWh of clean energy annually South African energy group NOA announced on June 9 that it has secured financing for its 349 MW Khauta South solar project, set to become the country’s largest...

• Allied Gold remains open to new partners for Sadiola mine expansion in Mali• Ambrosia plans to invest $375 million for a 40% stake in the project• Gold output target set at 300,000 ounces annually over 19 years Allied Gold is considering additional partnership options for the expansion of its Sadiola gold mine in Mali, despite a February agreement with UAE-based investment fund...

• 1,000 teachers and parents to be trained in school management in crisis zones• Supported by UNICEF and “Education Cannot Wait” to address low school attendance• Just 27% of children complete primary school; 63% miss regular attendance In the Central African Republic, where only 27% of children complete primary school and 63% do not attend regularly, community-driven efforts are key...

• COI’s second phase aims to raise €3 billion by 2030 for plastic waste reduction• New focus includes packaging innovation and stronger recycling systems• Africa remains heavily impacted despite low global plastic output The Clean Oceans Initiative (COI) has launched a second phase targeting at least €3 billion ($3.6 billion) in funding by 2030 to intensify the global fight...

• IMF to disburse $194 million to Zambia under the Extended Credit Facility• Despite drought, real GDP growth in 2024 is estimated at 4%, up from 1.2%• Total IMF support under the ECF to reach $1.5 billion after latest tranche Zambia is set to receive a $194 million disbursement from the International Monetary Fund (IMF) following the approval of recent reviews under the...

• HoldiPharma and US-based Dawah Pharma to launch a pharma export joint venture• Dawah will hold 60%, HoldiPharma 40%, with initial focus on US-approved supplements• The JV targets expansion into regulated markets like North America and Europe Egypt’s state-owned pharmaceutical group HoldiPharma has signed a partnership with US-based Dawah Pharma to create a joint venture focused on...

• Tunisia to receive €160 million from the EBRD for rail upgrades• The total investment of €185 million includes €25 million from the state• Upgrades target safety, efficiency, and freight capacity in key regions Tunisia is entering a new phase in the modernization of its rail network, supported by fresh funding from the European Bank for Reconstruction and Development...

AfCRA, a privately owned agency, is set to begin operations by September 2025 It will focus on rating local currency debt for African states and institutions The initiative aims to offer a regionally accurate alternative to global rating firms The African Credit Rating Agency (AfCRA), a privately owned financial rating body, is expected to begin operations by September 2025. The agency...

Located in the Seychelles archipelago, over 1,100 kilometers southwest of Mahé, Aldabra is one of the largest coral atolls in the world. It is composed of a ring of four main islands surrounding a vast, largely inaccessible lagoon. This geographic isolation has played a significant role in preserving its natural environment, which has remained mostly untouched by human activity. Aldabra was...

• AFC identifies $4 trillion in African funds that could finance infrastructure• Most assets sit in low-yield, short-term investments outside the continent• Reforming financial systems and markets seen as key to unlocking capital Africa has over $4 trillion in domestic capital that could be mobilized for infrastructure development, according to the Africa Finance Corporation...