• South Africa earned $3.36 billion from agricultural exports in Q1 2025• Revenue rose 10% year-on-year due to higher volumes and global prices• Key exports included grapes, corn, apples, and wine South Africa generated $3.36 billion in agricultural export revenue in the first quarter of 2025, marking a 10% increase over the same period in 2024. The announcement was made on...

• IMF disburses $58 million under Extended Credit Facility in June 2025• Funds support fiscal reforms, digitization, and public service spending• Growth projected to rise to 3% in 2025 if reforms are swiftly executed The International Monetary Fund (IMF) has approved a $58 million disbursement for the Central African Republic (CAR) under the third and fourth reviews of its...

• Lottery authority Lonab to invest $5.2 million in Agricultural Bank of Faso• Move part of capital raise to expand lending to underserved farm sector• Lonab also investing in health and textile firms to diversify portfolio Burkina Faso’s government has authorized the National Lottery (Lonab) to acquire a direct stake in the Agricultural Bank of Faso (BADF), investing 2.6 billion...

• Global energy investment is expected to reach a record $3.3 trillion in 2025• Nearly two-thirds will go to low-carbon technologies like solar and batteries• Africa receives only 2% of clean energy funding despite having 20% of the world’s population Global spending on energy is expected to reach $3.3 trillion in 2025, marking an all-time high, according to the World Energy...

• CFM and SODEN secure $3 million for 76 MW cocoa biomass plant in Divo• Project to produce 550 GWh/year, cut 300,000 tons of CO₂, and aid 36,000 farmers• Full financing expected by 2026, with plant launch targeted for 2029 Article: Climate Fund Managers (CFM) and Société des Énergies Nouvelles (SODEN) have secured $3 million in funding to co-develop the world’s first...

Nationwide ban on potato imports announced, effective through June 30, 2025 Imports dropped 43.7% between 2020 and 2023, cutting costs by 41.2% Government warns of sanctions for non-compliance with the new measure Burkina Faso has temporarily suspended all potato imports until June 30, 2025, according to a government statement issued on June 2. The announcement, made jointly by the...

Tullow and Kosmos plan to drill 20 new wells under extended field licenses $2 billion investment aims to offset declining reserves and raise output Deal includes gas pricing reforms and targets 130 million cubic feet daily Tullow Oil and Kosmos Energy plan to invest $2 billion to drill up to 20 new wells in Ghana, under a new agreement with the Ghana National Petroleum...

New mining code increases state’s free stake in projects from 10% to 15% WAF confirms higher state participation in Sanbrado, Toega, and Kiaka mines Burkina Faso may boost paid stake to 45% under new legal provisions Burkina Faso’s share in gold mining projects operated by West African Resources (WAF) will rise to 15%, up from 10%, in line with the country’s revised mining...

Internet use in Africa is growing twice as fast as the global average Only 38% of Africans are online in 2024, far below the 68% global rate Sharp digital divides persist across gender, age, and geography Africa is seeing one of the fastest expansions of internet access in the world. But behind this rapid growth lies a patchwork of inequality that still leaves much of the...

Vodacom Tanzania Foundation to invest $1.3 million over three years Over 300,000 teachers to gain digital tools and connectivity KiuFunza program to expand to 865 schools, reaching 360,000 students The Vodacom Tanzania Foundation has announced a three-year investment of 3.25 billion Tanzanian shillings (about $1.3 million) to improve the national education system. The...