WAEMU granted Senegal CFA100 million ($179,646) to strengthen its national locust control system. WAEMU previously allocated an identical CFA100 million package to Mali on February 2. FAO warned that desert locusts can consume in one day the equivalent food intake of 35,000 people. In Senegal, the Directorate of Plant Protection (DPV) secured CFA100 million ($179,646) from the West African...

Mantengu CEO Mike Miller resigns effective Feb. 28 Deputy CEO Magen Naidoo to take over March 1 Leadership change amid growth at Langpan chrome project South African mining investment company Mantengu announced Friday that Chief Executive and Executive Director Mike Miller had resigned, effective Feb. 28, 2026. Magen Naidoo, currently deputy chief executive and chief financial officer,...

Cameroon’s Ministry of Public Works (Mintp) says its new headquarters in Yaoundé’s administrative district is fully operational and occupied by all departments. But contractors have yet to be fully paid. The ministry acknowledges outstanding works and claims, with unpaid bills exceeding CFA8.5 billion, even though the completion rate is officially reported at 100%, reflecting works...

China will grant duty-free access to South African goods without requiring reciprocal tariff cuts. Pretoria and Beijing signed the CAEPA framework on February 6 and aim to conclude an “Early Harvest Agreement” by end-March 2026. Bilateral trade reached $53.58 billion in 2025, while South Africa seeks to offset U.S. tariffs of up to 30% imposed under the Trump administration. China...

Coris Holding confirmed its plan to enter Gabon’s banking market after expanding into Chad in 2024. BGFIBank Gabon granted 71.29% of new loans in the first quarter of 2025, according to BEAC data. Gabon’s banking sector recorded a 31.4% rise in non-performing loans in 2024 despite a 2% increase in net profit. Idrissa Nassa, Chief Executive Officer of Coris Holding, met Gabonese...

Authorities have completed about 90% of rehabilitation works on the Dakar–Tambacounda railway line. The government aims to shift freight traffic from road to rail to ease congestion and strengthen the Port of Dakar’s logistics role. Senegal plans broader rail modernization under its Vision 2050 strategy, although financing constraints persist amid high debt levels. Senegal has...

Tullow Oil refinanced $1.3 billion in debt with Glencore and bondholders, extending maturities to November 2028. The company secured extensions of its Ghanaian licenses and agreed to acquire the TEN FPSO for $205 million. Ghana now accounts for more than 90% of group production after asset sales in Gabon, Kenya and Uganda. On February 20, Tullow finalized refinancing agreements...

The state has not yet increased its stake in the Kiaka gold mine, despite widespread local media reports. West African Resources holds 85% of Kiaka, while the government of Burkina Faso holds 15%. Negotiations continue over a potential additional state stake of 25% to 35%, subject to decree authorization. Burkina Faso has not increased its participation in the Kiaka gold mine. However,...

Cameroon, partners pledge $2.5 billion for forest management CAFI funds reforms balancing conservation and economic growth $60 million pilot phase launches projects through 2028 Cameroon and its development partners have committed to raising $2.5 billion (about 1.39 trillion CFA francs) to strengthen sustainable forest management across the Congo Basin and Lake Chad regions. The...

Cameroon owes NHPC nearly CFA70 billion in unpaid invoices Dam operator defaulted after reserve account unfunded State negotiating CFA100 billion revolving guarantee fund Cameroon’s financial obligations tied to the Nachtigal hydroelectric dam are drawing concern. According to information obtained by Business in Cameroon, unpaid state invoices to Nachtigal Hydro Power...