The first “Research Training School” in Africa gathers 15 researchers from 10 countries. The program is led by the IRD, CERD, and ADAC with support from the French Embassy. It aims to strengthen local research capacity on climate and development issues. The French Embassy in Djibouti announced on October 28 the launch of the first “Research Training School” in Africa,...

Meta selects Safaricom as landing partner for a high-capacity cable. The system will be fully funded by Meta’s subsidiary Edge Network Services. The project aims to boost Kenya’s connectivity and digital resilience. Safaricom’s subsea cable project is moving forward. The Kenyan telecom company announced on October 28 the signing of an agreement with U.S. tech firm Meta, which...

SEEG loses CFA30–40 billion yearly due to illegal connections and tampering. Nearly 25% of electricity supplied nationwide goes unbilled. The utility plans smart meters and awareness campaigns to curb losses. The Société d’Énergie et d’Eau du Gabon (SEEG) has called for a national mobilization to curb energy fraud, which costs the company an estimated CFA30–40 billion ($49–66...

Hanny G Investment secures €1 million to expand clean cooking production. About 4,300 stoves will be supplied to schools and institutions by 2029. The project supports health, forest protection, and gender inclusion goals. The Modern Cooking Facility for Africa (MCFA) announced on October 30 the signing of an agreement with Hanny G Investment Company Ltd, a Tanzanian firm that...

Togo launches TogoTech to unify and support 15 digital startups Platform aims to boost innovation, jobs, and public-private collaboration Deals signed to enhance cybersecurity and legal support for tech firms TogoTech, a new platform bringing together about 15 Togolese technology startups, was officially launched on October 24 under the supervision of Digital Transformation Minister Cina...

Cameroon seeks $141-$177M local bank facility to guarantee NHPC payments Move aims to cover Eneo’s arrears and prevent full drawdown of World Bank-backed SBLC Eneo’s mounting debt and cash shortfalls pose fiscal risks to government Cameroon’s Ministry of Finance is negotiating with Société Générale Cameroon and several local banks to set up a new financial guarantee...

Raw sugar dropped to 14.07 cents per pound on October 30, its lowest since 2020. Global output is expected to exceed demand by 1.98 million tons in 2025/26. Strong production in Brazil and India is fueling expectations of oversupply. Raw sugar prices fell to 14.07 cents per pound (0.45 kg) on the Intercontinental Exchange (ICE) in New York yesterday, their lowest level since October 2020....

Net profit fell to CFA11.9 billion amid rising raw material prices. Revenue increased slightly by 1.36% to CFA173.4 billion. The company expects profitability to improve in Q4 2025. Nestlé Côte d’Ivoire, the local dealer of Swiss food group Nestlé, reported a 21.3% decline in net profit during the third quarter of 2025. The company said the figures fell to CFA11.9 billion ($21.1...

Net profit rose to CFA83.3 billion, driven by cost control and strong activity. Customer deposits increased 13.9% to CFA2,939 billion. Loan-to-deposit ratio improved to 84.6% from 72.6% a year earlier. Société Générale Côte d’Ivoire (SGCI) reported a 12% increase in net profit for the third quarter of 2025, reaching CFA83.3 billion ($146.8 million). In its activity report published...

Cassava, STANLIB to expand AI-ready data centers in South Africa Project supports rising demand for cloud, connectivity, and digital infrastructure Follows Nvidia partnership to launch Africa’s first AI factory in South Africa Pan-African technology group Cassava Technologies announced on October 29 a partnership with STANLIB Infrastructure Investments to develop next-generation data...