The government will invest $330 million in emergency and recovery measures. Floods have displaced 188,000 people and submerged 110,000 hectares of farmland. Authorities have declared several provinces disaster zones following weeks of extreme rainfall. Morocco will invest $330 million to assist northwestern regions hit by several weeks of severe flooding, the...

Chad to launch 50 telecom sites in N’Djamena Government plans 50 km fiber-to-home rollout Move follows criticism over poor service quality Chad’s government this week announced plans to launch 50 new telecom sites in N’Djamena and deploy 50 kilometers of fiber-to-the-home (FTTH) network through the state-owned Société des télécommunications du Tchad (SOTEL). The move is part of...

Weak tax enforcement cuts South Sudan oil revenues Oil provides 90% of government income Economy contracts 30% in 2025 amid export disruptions Weak enforcement of tax laws is reducing government revenue from the oil sector, a South Sudanese finance ministry official said. Benjamin Ayali Koyongwa, undersecretary for planning at the Ministry of Finance, said on Friday, Feb. 6, that...

Nigeria launches four-month digital training with Ericsson Programme targets 50,000 youths in emerging technologies Initiative aims to curb youth unemployment, boost tech skills Nigeria’s federal government has launched a four-month digital training programme with Swedish telecoms equipment maker Ericsson aimed at 50,000 young people, seeking to close skills gaps and boost employment in...

A member of the Court since 2021, Lodonou was initially appointed to complete the term of his predecessor before being elected to lead the regional institution. Togolese magistrate Kuami Gameli Lodonou has been elected president of the Court of Justice of the West African Economic and Monetary Union (WAEMU), following an internal vote held on Feb. 3, 2026. He was sworn in on Feb. 11 in...

Ghana cuts cocoa price 28.6% to 41,392 cedis Decision follows 70% drop in global prices Backlog builds as traders face liquidity crunch Ghana will cut the price of cocoa beans by 28.6% to 41,392 cedis ($3,764) per tonne for the remainder of the 2025/2026 season, Finance Minister Cassiel Ato Forson announced on Thursday, February 12. The decision, which had been under discussion since late...

Togo exports rise 14.6% to 249.1 billion CFA francs India top buyer, driven by phosphate shipments Trade deficit widens as imports reach 505 billion CFA Togo's exports reached 249.1 billion CFA francs ($411 million) in the third quarter of 2025, totaling 1.03 million metric tons, according to official data from the National Institute of Statistics and Economic and Demographic Studies...

Dangote refinery reaches full 650,000 bpd capacity First single-train refinery to hit nameplate output Output could cut imports, save $10 billion annually Nigeria's Dangote refinery reached its full nameplate capacity of 650,000 barrels per day, the facility said in a statement dated Wednesday, Feb. 11. The refinery said it was the first in the world to achieve such production levels...

IFC considers up to $8 million in Aruwa Fund II $50 million fund targets Nigerian, Ghanaian SMEs Focus on women-led firms in underserved sectors The International Finance Corporation (IFC), the World Bank Group's private sector division, is considering investing up to $8 million in Aruwa Capital Fund II (ACF II), a private equity vehicle targeting small and medium-sized...

Ecobank appoints Rebecca Mbithi CEO of Kenya unit She succeeds Josephine Anan-Ankomah, pending CBK approval Pre-tax profit rose to 734 million shillings by Q3 2025 Ecobank Group on Wednesday, Feb. 11, 2026, formally announced the appointment of Rebecca M. Mbithi as chief executive officer of its Kenyan subsidiary. She assumed her duties on Feb. 9, 2026, pending final approval...