Harith General Partners agreed to buy low-cost airline FlySafair Deal worth ~15% of Harith’s portfolio, subject to regulatory approval Acquisition helps meet South African ownership rules and boosts expansion South African private equity firm Harith General Partners announced on Tuesday, Feb. 10, that it has reached an agreement to acquire local low-cost carrier...

West Africa plans $345 million anti-livestock theft program Initiative targets traceability, legal alignment, community involvement FAO estimates $467 million annual losses, extremist financing links West African countries are preparing a regional program to combat livestock theft, a persistent threat to security, livelihoods and public health across the subregion. The...

SOLA reaches financial close on 300 MW Naos-1 project Hybrid plant to supply Sasol, Air Liquide via grid Operations targeted first half 2028, backed by local banks South African independent power producer SOLA Group said on Monday it had reached financial close on the Naos-1 project, a hybrid solar and battery storage plant that will supply renewable electricity to Sasol and Air...

Congo launches $76 million Pointe-Noire-Cabinda road upgrade China firm to expand 15.4-km stretch to dual carriageway Project aims to boost Angola trade, ease oil traffic Congo’s President Denis Sassou Nguesso on Monday, February 9, 2025, launched work on the reconstruction of a section of the Pointe-Noire-Cabinda road, a project aimed at easing traffic and boosting domestic...

Morocco, Australia sign climate-smart agriculture research deal A$76 million program backs six-year Africa initiative Drought-hit Morocco seeks Australian arid farming expertise Morocco's National Institute for Agricultural Research (INRA) and the Australian Centre for International Agricultural Research (ACIAR) signed a cooperation agreement in Rabat on Tuesday to deepen collaboration in...

Ghana has 50,000 tonnes unsold cocoa at ports Cocoa prices fell from $13,000 to around $4,000 Traders face liquidity crunch; 300,000 tonnes need funding In West Africa’s cocoa belt, the crisis is deepening. After Côte d’Ivoire, Ghana said last week that 50,000 tonnes of unsold cocoa beans have piled up at its ports. The Ghana Cocoa Board (Cocobod) said the country has sold...

In the Republic of Congo, the planned Zanaga iron ore mine is expected to produce 12 million tons of iron ore per year in its first phase, requiring an investment of $1.9 billion. Its owner, ZIOC, has in recent months been taking steps to move the project toward a final investment decision. Zanaga Iron Ore Company (ZIOC), a junior miner based in the British Virgin Islands, plans to sell a...

Africa remains the lowest-scoring region in Transparency International’s global corruption index, with only four countries exceeding the 50-point mark and 16 recording declines compared with 2024. Seychelles, Cape Verde, Botswana and Rwanda remain Africa’s cleanest countries, according to the 2025 Corruption Perceptions Index (CPI) published by Transparency International. The CPI assesses...

Aircraft to modernize long-haul fleet, open US and Asia routes A350 cuts fuel use 25%, supports Egypt’s tourism growth strategy EgyptAir received an Airbus A350-900 at Cairo International Airport on Monday, Feb. 9, 2026. The aircraft is part of an order for 16 A350-900s. The order aims to modernize the national carrier’s long-haul fleet and support new non-stop routes from Cairo to the...

Financing covers rail extension to El Meniaa and Ghardaïa over about 495 km Project is first phase of trans-Saharan rail corridor linking Algiers to the south Algeria aims to double rail network to 10,000 km by 2030 Algeria has secured financing of more than $3 billion from the African Development Bank (AfDB) to extend its national rail network toward El Meniaa and Ghardaïa,...