The government plans to connect 2,000 rural secondary schools to the Internet under the “Connect A School” project. Nearly 6 million rural learners lack access to digital tools, according to MACRA data.  Malawi aims to expand Internet penetration from 14.6% to 80% and broadband coverage to 95% by 2026. Malawi faces severe digital access challenges in rural areas, and the...

Africa Processing inaugurates its second cocoa-grinding plant in Cameroon as the country’s processed cocoa output surpasses 100,000 tonnes for the first time. Cameroon’s farm-gate cocoa price hit a record high of CFA6,300 per kg in the 2023–2024 season due to intense competition among grinders. The company reports CFA500 million in revenue and produces 8,000 tonnes of cocoa derivatives...

BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled. The automaker may expand to 60–70 official outlets by end-2026, according to BYD Auto South Africa’s CEO. BYD aims to install 200–300 fast-charging stations in South Africa by end-2026. China’s electric-vehicle giant BYD has increasingly targeted Africa as part of its global...

Ghana’s public utilities regulatory commission has approved a 9.86% increase in the electricity tariff and a 15.92% increase in the water tariff, effective January 1, 2026, under its 2026–2030 Multi-Year Tariff Order (MYTO). The review is driven by utility investment requirements, macroeconomic variables, especially inflation, exchange rate movements, fuel costs, and the thermal-heavy...

First National Bank Ghana secures $20 million BII loan to expand MSME lending Partnership targets wider credit access for MSMEs, key drivers of Ghana’s economy Deal follows bank’s strong H1 results, including sharp profit and equity gains First National Bank Ghana said on Thursday it has signed a $20 million loan agreement with British International Investment (BII) to...

Nigeria lifts cash-deposit cap but keeps strict withdrawal limits with fees Banks face new reporting rules as CBN targets security, cost cuts and compliance Measures follow FATF delisting amid inflation, reforms and slow digital-payment uptake Nigeria’s central bank announced a series of measures on Tuesday aimed at cutting cash-handling costs, improving security and reducing...

Cameroon plans major farm output boost, including 20,500 more tons of palm oil. Two loans worth CFA51.7 billion to fund new CDC processing plants. Despite seasonal gains, palm oil deficit persists, driving costly long-term imports. Cameroon’s government plans to increase agricultural production in strategic sectors as part of its Economic and Financial Program presented by the prime...

Many Peaks begins its 2025–2026 exploration program in Côte d’Ivoire The company plans 15,000 meters of drilling at Ferké to define resources A discovery would position the firm among recent gold finds in the country Many Peaks Minerals announced on December 4 the start of its 2025–2026 gold exploration campaign on the Ferké and Odienné projects in Côte d’Ivoire. The...

Tanzania begins a five-year World Bank–backed fisheries modernization plan The $117 million program targets 17 coastal districts with infrastructure upgrades Over 300 seaweed and marine farming groups are expected to benefit Tanzania has officially launched a project aimed at modernizing artisanal fishing and aquaculture, according to local outlet Daily News. The initiative, called...

CIMKO to invest over $300 million to double DRC cement capacity by 2027 Expansion to raise output to 3 million tons, create jobs, and cut imports Rising demand, illegal imports, and new competitors reshaping Congo’s cement market Cimenterie Kongo (CIMKO) plans to invest more than $300 million in the Democratic Republic of Congo to double its cement production capacity to 3...