Harmony Gold reported a 20% revenue increase to $4.07 billion in FY2025, driven by higher gold prices despite a 5% production decline. The average gold price realized by Harmony Gold rose 27% to $2,620/ounce, while overall gold prices increased 30% since Jan 2025. Analysts predict continued gold price hikes; Harmony Gold forecasts stable production of 1.4-1.5 million ounces...

• Chad orders telecom operators Airtel and Moov Africa to connect to the national fiber optic network within one week due to poor service quality.• The directive is part of the PMICE project, which deployed 1,275 km of fiber optic to improve network quality and address consumer complaints.• Mobile internet costs in Chad are high (8.37% of monthly GNI per capita), exceeding the ITU's 2%...

Senegal plans a national tractor assembly plant to boost agricultural mechanization and food security. The project involves Turkish partners (Albayrak Group, Türk Eximbank) and Senegalese companies. It supports the "Allo Tracteurs" program, aiming to mechanize 35,000+ hectares by 2024/2025, addressing low current mechanization rates. Senegal plans to establish a national tractor and farm...

Eastern Nile line set to open November 2025, spanning 56.5 km with 22 stations. Full project covers 100 km across two lines, costing $4.5 billion. Capacity expected at 600,000 passengers per line daily. Egypt will inaugurate the Eastern Nile monorail line in November 2025, the presidency said after a meeting between President Abdel Fattah Al-Sisi, Transport Minister Kamel El Wazir and...

Africa’s smartphone shipments rose 7% in Q2 2025 to 19.2 million units. Sub-$100 models surged 38% year-on-year, fueling adoption in rural markets. Samsung, Xiaomi and HONOR expand aggressively as local assembly gains traction. Smartphone shipments in Africa rose 7% in the second quarter of 2025 to 19.2 million units, driven by surging demand for low-cost devices, according to...

Audit report says Camtel uses just 16% of available cable capacity. Full use could generate up to CFA 13.6 billion ($24.2 million) annually. High costs, weak internet penetration and Europe-oriented traffic limit uptake. Cameroon’s state-owned telecom operator Camtel could generate as much as CFA13.6 billion ($24.2 million) in yearly revenue if it fully exploits the capacity of its four...

Burkina Faso aims to boost its stake in the Kiaka mine to 50% under the 2024 Mining Code. West African Resources confirmed the move and suspended trading on the ASX pending further details. The mine, which started production in June, is set to deliver 234,000 ounces annually over 20 years. Burkina Faso plans to acquire a 35% stake in the newly commissioned Kiaka gold mine, potentially...

• Algeria’s Tebboune sacks PM Larbaoui, appoints Sifi Gharib• Gharib, ex-industry minister, now leads new government• Tasked with sustaining 4.5% growth, diversifying economy beyond oil Algerian President Abdelmadjid Tebboune has dismissed Prime Minister Nadir Larbaoui and appointed Sifi Gharib as his successor. The decision, announced on Thursday, August 28, 2025, by the presidency, was...

• Amhara launches program to enroll 7.4M children in 2025–26• $800M allocated for school repairs, 10,000 teachers mobilized• Aims to cut child labor, early marriage, boost job readiness The Amhara Regional Education Bureau announced Monday, August 25, that it is launching a new program to enroll 7.4 million children for the 2025-2026 school year. According to local press, the...

• Access Holdings appoints Innocent Ike as new CEO, Aug 29• Appointment follows Herbert Wigwe’s 2024 death, Agbede’s interim tenure• Ike to drive global expansion, continue group’s strategic vision Access Holdings, one of Nigeria's largest financial groups, has officially appointed Innocent Ike as its new Group Managing Director and CEO, effective Friday, August 29, 2025, following...