• CNPS announces asset growth from $40 million in 2012 to $2 billion in 2025• Nearly half of funds are invested in state bonds, with 35% in listed equities• Fund aims to finance pensions using investment returns, not contributions Côte d’Ivoire’s National Social Security Fund (CNPS) announced on Wednesday, May 28, 2025, during the African Development Bank Group’s annual...

• Ghana plans to train one million coders over four years• A new innovation hub is being developed in partnership with the UAE• The project aims to grow tech exports and outsourcing service capacity Ghana is accelerating its digital transformation by targeting the training of one million coders over the next four years, as part of a broader push to develop youth skills and enhance the...

• Climate-driven displacements in Africa rose 30% to 7.8 million in 2024• East and Central Africa were the most affected sub-regions• Flooding caused over 70% of all climate-related displacements since 2013 Extreme weather events linked to climate change triggered 7.8 million displacements in Africa in 2024, a rise from 6 million in 2023, according to a May 27 report by the International...

As international development aid faces growing pressure, the African Development Bank (AfDB) is entering a new era. Yesterday, May 29, Sidi Ould Tah of Mauritania was elected as the Bank’s new president. He will officially take over in September. Tah inherits a strong institution that continues to enjoy investor confidence thanks to its AAA rating. But he also faces major challenges, chief...

Located in the vibrant coastal city of Durban, on South Africa’s eastern seaboard, uShaka Marine World is far more than just a theme park. It stands as a multifaceted destination blending entertainment, education, adventure, and conservation.  Officially opened in April 2004, this expansive complex spans several hectares along Durban’s revitalized Point Waterfront, and ranks among the...

- Mauritanian candidate Sidi Ould Tah won more than 76% of total regional and non-regional votes in the African Development Bank (AfDB) election.- Ould Tah majored votes from the bank's 81 member countries, signalling priorities such as job creation, universal energy access, and promotion of transcontinental trade integration. Mauritanian economist Sidi Ould Tah was elected President of the...

• Côte d’Ivoire inaugurates the BMPA in Abidjan with cashews, corn, and kola nuts as initial listings.• The platform replaces over-the-counter trading with a regulated, electronic system to improve transparency and boost food sovereignty.• Backed by the BRVM since 2018, the BMPA is the first commodities exchange in both Côte d’Ivoire and the WAEMU. Seven years after its announcement,...

• Thor Explorations generated $64 million from Segilola mine in Q1 2025.• Gold sales rose 30%, with average price per ounce up 34% year-on-year.• Net profit reached a record $34.4 million for the quarter. Thor Explorations, operator of Nigeria’s only industrial gold mine, nearly doubled its quarterly revenue in Q1 2025. The company sold 22,750 ounces of gold from the...

• Agip, a unit of Eni, wins appeal in the long-running OPL 245 dispute.• Nigerian court rules Malabu’s claim was filed too late to proceed.• Verdict bolsters Agip’s legal position on the oil block, with no current challenges. In the high-profile OPL 245 affair tied to Nigeria’s oil sector, the Abuja Appeal Court has overturned a December 2020 decision that had allowed a case by...

Prime Minister Ousmane Sonko officially launched the second edition of the Invest in Senegal Forum (FII Senegal 2025) this Tuesday, scheduled to take place on October 7 and 8, 2025, at the Abdou Diouf International Conference Center (CICAD) in Diamniadio, located 25 km from Dakar. This major event is part of the Senegal Vision 2050 and represents a decisive milestone in the structural...