Transnet signed a deal with NERSA to build LNG infrastructure at Richards Bay, a $385 million project. The company’s debt stands at 130 billion rand ($7.15 billion), partly backed by state guarantees. The terminal is part of a wider $5.7 billion port modernization plan and key to South Africa’s gas-to-power program. South Africa’s Transnet National Ports Authority...

McKinsey confirms that 47% of Africa's STEM graduates are women, the highest globally. Women hold 23-30% of sub-Saharan tech roles, above the 28% world average. Fewer than 12 % lead African tech; funding gap persists for female founders. Nearly half of STEM (Science, Technology, Engineering, and Math) graduates (47%) in Africa are women, the highest proportion globally and...

Morocco exported 64,900 tons of onions in 2024/2025, nearly five times more than the previous year. Export revenues jumped to $238 million, up from $38 million a year earlier. West Africa remained the main buyer, while the UAE entered as a new market. Morocco shipped 64,900 tons of fresh onions to international markets in the 2024/2025 season, according to data from...

IFC may grant up to $20 million to CBI Ghana for a low-carbon cement plant in Tema. The $66.7 million project includes global investors Société Générale, Norfund, and EKF Denmark. The plant aims to cut clinker imports, lower cement prices, and expand output to 1.4 million tons. Continental Blue Investment Ghana Limited (CBI), one of Ghana’s main cement producers,...

Rwanda and Mozambique signed a defense agreement on August 27, 2025, formalizing Kigali’s troop presence in Cabo Delgado. Kigali has deployed over 3,000 soldiers since 2021 to help counter jihadist insurgency in the gas-rich province. Both countries also signed an investment pact to expand trade and cooperation in agriculture, industry, and services. Rwanda and Mozambique signed...

Egypt and Qatar signed three new agreements on August 28, 2025, covering pensions, agriculture, and political dialog. Cairo urged stronger Qatari investment in sectors like food security, transport, energy, and tourism. Qatar has pledged $7.5 billion in direct investments, reinforcing its economic push in Africa. Egypt and Qatar signed three cooperation agreements on August 28...

Banque Agricole du Sénégal is raising CFA80 billion ($142 million) through a securitized bond. The offer includes a 7-year tranche A at 8% and tranche B at 9%, listed on the BRVM. Funds aim to diversify financing and boost support for the agricultural sector. Invictus Capital & Finance SA, acting as lead arranger, announced on August 28 the launch of a bond issue by public...

Côte d’Ivoire will receive €24 million ($28 million) from the EU and Germany to support youth involvement in peace and security. The three-year program, implemented by GIZ under the EPSG project, aims to promote civic values, crisis prevention, and social cohesion. Funding will also back the country’s first National Action Plan on Youth, Peace, and Security. Côte...

77.3% of African banks see limited customer digital literacy as the main obstacle to digital services. High internet costs, poor connectivity, and cybersecurity concerns add to the barriers. Banks are investing in AI, cloud, and personalized digital platforms to cut costs and grow market share. About 77.3% of African banks say limited digital literacy among customers is the biggest...

Senegal will end gas imports by 2026, saving $227M annually, but electricity tariff impact is uncertain. Domestic gas from Sangomar and GTA projects will replace imports, with 20-25% of GTA Phase 1 output for local use by 2027. Public electricity subsidies hit $455M in 2023; future tariffs depend on Senelec and CRSE decisions. Senegal will stop importing natural gas in...