Candi Solar raises $58.5M from IFC to expand in SA, India Funding supports decentralized solar amid unreliable grids and load-shedding Company’s portfolio exceeds 220 MWp, doubling in 18 months Candi Solar secured 58.5 million dollars in financing from the International Finance Corporation (IFC), the company said on Nov. 27. The deal is the company’s largest fundraising round...

Mauritania’s SOMELEC signs 3-year power plant deal with Wärtsilä Agreement ensures Nouadhibou plant performance, expands previous technical support contract Deal aims to improve grid stability amid frequent blackouts in key cities Mauritania's national electricity company SOMELEC signed a three-year performance guarantee agreement with Finnish energy technology firm Wärtsilä for...

Yvon Sana Bangui elected president of the Association of African Central Banks One-year term includes steering governors’ meetings and advancing monetary cooperation Meeting in Yaoundé reviews progress toward Africa’s monetary convergence goals Yvon Sana Bangui, the governor of the Bank of Central African States, has been elected president of the Association of African Central Banks...

Education ministers meet in Doha to strengthen cooperation on inclusive education Talks cover training for Mallams, upgrades to Tsangaya schools, and IsDB-built facilities Initiative aligns with Nigeria’s plan to reintegrate 10.2 million out-of-school children Nigeria’s Minister of Education, Maruf Tunji Alausa (photo, left), met with his Qatari counterpart, Lolwah bint Rashid bin...

Six Central African states advance plans to create a regional digital agency Meeting in Kinshasa finalizes CADNAC’s founding act and regional strategy framework Initiative aims to strengthen digital sovereignty and support economic growth A Conference of Public Entities for Digital Development in Central Africa (CADNAC) is being formed. The drafting of the organization’s founding texts...

Four Barrick workers held in Mali for a year have been freed. The release follows a new agreement meant to resolve the Loulo-Gounkoto dispute. Several terms of the deal, including payments and ownership rules, still need clarification. Four employees of Barrick Mining who had been detained for about a year in Mali have been released, Reuters reported on November 29, citing three sources...

ICCO now expects a 49 000-ton surplus, far below earlier forecasts. Global output is rising, but less than initially projected. Lower grinding activity continues to support the market surplus. The global cocoa surplus for the 2024/2025 season is now expected to reach 49 000 tons, according to estimates from the International Cocoa Organization (ICCO) published in its quarterly...

Senegal to deploy 1,000 hybrid taxis under FDTT-BCI SN financing deal Project targets informal sector reform, with 100 taxis arriving February 2026 Aims to modernize transport, boost service standards, and cut emissions Senegal's Land Transport Development Fund (FDTT) and the Bank for Trade and Industry (BCI SN) have signed an agreement to finance and deploy 1,000 hybrid taxis, with a...

Guinea saves $26.9M after verifying public workers via FUGAS system Only 130,000 of 277,000 staff confirmed through biometric checks FUGAS part of broader reforms to modernize administration and cut fraud Guinea has saved more than 233 billion Guinean francs ($26.9 million) through a unified administrative and payroll management system (FUGAS) implemented in July 2024, officials...

Bill aims to simplify tax system, promote compliance, and support growth Follows removal of E-Levy, COVID tax to ease household, business costs Ghana's parliament has approved the Value Added Tax Bill 2025, which includes a measure to raise the revenue threshold at which a company must pay VAT. The law, which also requires approval by head of state John Mahama, would exempt many small...