EcoGraf signed a cooperation agreement with the European Investment Bank (EIB) for technical assistance on its Epanko graphite project in Tanzania. The company targets 73,000 tonnes per year in phase one and more than 300,000 tonnes annually after expansion. EcoGraf seeks $105 million in German credit cover and has requested a $76.3 million U.S. Defense Department...

WAEMU states raised CFA1,901.9 billion in January, up over 100% year on year Treasury bonds (OAT) totaled CFA1,432.9 billion, up more than 300% Average maturity rose to 2.95 years from 1.77 years in January 2025 The regional public securities market of the West African Monetary Union (WAEMU) recorded strong activity at the start of 2026. Data published by UMOA-Titres show that...

The Bank of Ghana created a steering committee and a technical committee to design a bank listing framework. Ghana’s pension fund assets exceed 100 billion cedis, providing a growing source of long-term capital. Authorities aim to link domestic savings to bank financing while safeguarding financial stability. Ghana seeks to open more bank capital to the stock market. Bank of Ghana...

Proparco granted a CFA1.3 billion ($2 million) loan to VisionFund Senegal. Women represent 95% of VisionFund Senegal’s clients. VisionFund will use the funding to expand lending to rural women and underserved communities. Proparco, the private-sector arm of the French Development Agency (AFD), announced that it granted a loan of CFA1.3 billion, or about $2 million, to VisionFund...

Africans accounted for 15% of the world’s 304 million international migrants in 2024, despite representing 19% of the global population. About 25.1 million Africans lived in another African country in 2024, exceeding the 20.7 million living outside the continent. Nearly 87% of Africa’s 12.2 million refugees and asylum seekers remained in Africa in 2024. Fears of mass migration from...

BGFIBank is expanding its institutional presence in African mining finance, with a focus on the DRC and Ivory Coast. African banks, including AFG Bank, Ecobank and Coris Bank, are increasing their exposure to mining projects. AFG Bank launched a CFA100 billion ($181 million) financing line for mining subcontractors in Mali in October 2025. BGFIBank aims to support the development of...

Flosell Limited plans Ghana’s first commercial-scale marine aquaculture project in partnership with Norwegian firms. The project will begin site installation in Q2 2026, with first harvest expected in Q4 2027. Ghana faces an annual fresh fish supply deficit of nearly 700,000 tonnes despite aquaculture output doubling since 2019. Flosell Limited has initiated discussions with...

Airtel Africa Foundation allocated 3.85 billion Ugandan shillings (about $1 million) in fully funded scholarships to 20 students. The beneficiaries will pursue ICT-related degrees at leading Ugandan universities, including Makerere University and Kyambogo University. Only 5.7% of Ugandans aged 10 and above have reached post-secondary education, highlighting structural access...

The UMOA Banking Commission sanctioned three banks in Côte d’Ivoire, Niger and Togo with disciplinary reprimands and fines. The regulator imposed fines of CFA151 million in Côte d’Ivoire and CFA300 million each in Niger and Togo. The Commission cited weaknesses in governance, risk management and anti-money laundering and counter-terrorism financing frameworks. The Banking...

MTN’s Bayobab signed a partnership with Mozambique’s TMCEL to provide international voice, roaming and IPX services. MTN served 301.3 million subscribers as of September 2025, including 165.8 million internet users. MTN seeks growth through infrastructure, fintech acquisitions and artificial intelligence initiatives, including a bid for control of IHS Towers. Bayobab, the...