Sonko rejects IMF-backed debt restructuring, calls it national humiliation IMF suspended $1.8B program amid $11B hidden debt, 132% debt-to-GDP ratio Senegal pushes fiscal sovereignty, faces investor scrutiny ahead of key auctions Senegalese Prime Minister Ousmane Sonko on Saturday rejected any proposal to restructure the country’s public debt. He said the measure, supported by...

May Daphné Ngallé-Miano named CEO of Chanas Assurances for 3 years Tasked with company recovery amid ongoing restructuring and competitive pressure Chanas now third in Cameroon’s non-life insurance, down from top spot Chanas Assurances S.A., a subsidiary of Cameroon’s national hydrocarbon corporation (SNH), has appointed May Daphné Ngallé-Miano as its new Chief Executive Officer...

FDI to Africa fell 42% to $28 billion in the first half of 2025 North Africa saw the steepest decline after a 2024 megaproject boost Global FDI dropped 3% amid high rates and geopolitical uncertainty Foreign direct investment (FDI) flows to Africa fell 42% year-on-year to $28 billion in the first half of 2025, according to a report released on October 31 by UN Trade and...

“Chad Connexion 2030” aims to mobilize $30 billion for 268 projects The plan targets 2.5 million people lifted out of poverty by 2030 GDP expected to grow 60%, with a 10% annual growth rate by 2030 Chad presented its national development plan, “Chad Connexion 2030,” to investors and international financial institutions on November 10, during the UAE–Chad Trade and Investment...

Raya CX signs MoU with ITIDA at the Global Outsourcing Summit 2025, supporting Egypt’s vision to become a world-class digital and outsourcing hub. The Summit facilitated 55 new outsourcing agreements expected to create over 70,000 jobs. Egypt’s IT sector aims to reach 500,000 offshoring jobs and $9 billion in export revenues by 2026. Egypt took another step toward realizing its...

Atlancis Technologies' Servernah Cloud delivered East & Central Africa's first GPU-powered AI factory at iXAfrica Data Centres. The Servernah AI-as-a-Service platform offers scalable, energy-efficient infrastructure for AI, machine learning, and data analytics workloads. Infrastructure powered by NVIDIA GPUs addresses the critical GPU accessibility gap as Africa holds only 2% of the global...

Teraco expands its CT2 data centre in Cape Town, boosting power capacity to 50MW to support Africa’s fast-growing digital economy. The facility uses AI-driven, zero-water cooling to improve energy efficiency and sustainability amid Cape Town’s recurring water shortages. This investment strengthens South Africa’s position as a key data hub, linking Africa to global networks and...

The working-age population stands at 11.08 million people based on the INSD's H2 2024 survey results. This figure represents approximately 52.6% of Burkina Faso's total estimated population (24.5 million inhabitants). The largest share of the working-age cohort falls into the 16-to-39 age bracket, highlighting a youthful demographic structure. Burkina Faso faces rapid...

Germany committed €21 million ($24.28 million) to fund Nigeria's clean energy transition and capacity building. The funding targets the existing Nigeria Energy Support Programme (€9M) and the newly created Energy Transition Fund (€12M). Nigerian Energy Minister Adebayo Adelabu hailed the deal as a shift from dialogue to concrete technical assistance. Germany...

Sibanye-Stillwater signed an agreement to pay Appian Capital Advisory $215 million to settle a long-running legal dispute. The dispute originated from Sibanye's $1.2 billion broken agreement in 2022 to acquire copper and nickel assets from Appian. The settlement occurs just hours before a judicial hearing that would determine the final indemnity amount owed by...