• WAEMU’s inflation dropped from 2.2% in March to 1.5% in April 2025• BCEAO attributes the decline to falling food, housing, and transport prices• Mali posts highest inflation; BCEAO cuts policy rate to 3.25% The West African Economic and Monetary Union (WAEMU) kept its inflation within the Central Bank of West African States (BCEAO)'s target range of 1–3%. In March 2025, the rate...

• African green hydrogen exports to Europe could face higher costs than projected• Study warns current models overlook country-specific investment risks• Only 2.1% of potential African sites may reach competitive price targets by 2030 Producing green hydrogen in Africa and shipping it to Europe may turn out to be more expensive than initially thought, according to a new report released on...

Rektron and Afritel plan to buy 60% stake in state-owned telecom operator AT Deal aims to revive AT’s performance and expand network coverage Market share fell to 7.89% in 2024; operator faces $342M in debt Canadian firm Rektron Group plans to acquire a 60% stake in Ghana’s telecom operator AT, partnering with local company Afritel. The announcement, made on June 4,...

IFC to acquire stake in KERA Health, an AI-based e-health platform in Senegal Funding to support digitized health services expansion across WAEMU region Project aims to lower patient costs and improve care for informal workers, women The International Finance Corporation (IFC), a member of the World Bank Group, has announced plans to invest up to $10 million in KERA Health...

AfDB raised $3 billion in a two-part bond issuance in U.S. dollars. The deal included the Bank’s first-ever 10-year global dollar bond. Strong market demand showed confidence in the Bank’s leadership and credit. The African Development Bank (AfDB) has raised a total of $3 billion in a dual-tranche dollar bond issuance, which included the institution’s first-ever...

The NCC Digital Innovation Park in Ogun marks a major milestone in Nigeria’s digital future, showcasing a united federal and state commitment to building a skilled, tech-driven, and inclusive economy. The Minister of Communications, Innovation & Digital Economy, Dr. Bosun Tijani, has officially commissioned the Nigerian Communications Commission (NCC) Digital Innovation Park in Abeokuta, Ogun...

• Funding resumes after 2023 suspension tied to Uganda’s anti-LGBT legislation• Three new projects approved in social protection, education, and displacement• Bank cites “satisfactory” safeguards to mitigate law’s negative impact  The World Bank has resumed financing operations in Uganda, two years after suspending new funding in response to the country’s anti-LGBT...

Le Morne Brabant, a basaltic mountain rising 556 meters in the southwest of Mauritius, overlooks a landscape of striking natural beauty. More than a scenic landmark, it is a powerful symbol of the island’s history of resistance to slavery. During the 17th to 19th centuries, under French and then British colonial rule, Mauritius was a key stop along slave trade routes. Many Africans and...

• Ghana aims to secure LBMA license to boost refinery access to global markets• Reforms include gold traceability, miner training, and certified lab setup• Most artisanal gold activity remains informal, with $1.2B lost to smuggling  Ghana, Africa’s top gold producer with 4.8 million ounces declared in 2024, is seeking to elevate its position in the global bullion market by...

• Presidents Embaló and Anwar sign cooperation deal in agriculture, trade, education• Move aims to strengthen diplomatic and economic partnership• Bilateral trade reached $1.9 million in 2024, per ITC data Article: President Umaro Sissoco Embaló of Guinea-Bissau began a three-day official visit to Malaysia focused on reinforcing diplomatic and economic ties. On June 3, 2025, he and...