Zambia and the Czech Republic have launched the Kwenyu Pact to boost local production of drones, satellites, and renewable energy systems. The partnership includes annual Czech scholarships for 20–25 Zambian students in technology fields. The initiative aligns with Zambia’s Vision 2030 and follows new data protection and cybersecurity laws. Zambia has signed a digital cooperation...

Nigeria signed a $400 million agreement with China’s Stellar Steel to build a 10-million-ton integrated steel plant in Ogun State. The project will create over 2,000 direct and 20,000 indirect jobs by 2026, reducing Nigeria’s $4 billion annual steel import bill. The plant aims to establish a full steel value chain—from mining to finished products—under the government’s...

Ivanhoe Mines will begin a 6,400-meter diamond drilling campaign in Angola’s Moxico and Cuando Cubango provinces in Q4 2025. The program covers a 22,000 km² exploration license acquired in 2023 and follows 2024 mapping and sampling work. The move aligns with Ivanhoe’s $75 million exploration budget for 2025 and its strategy to expand copper operations across Africa. Ivanhoe...

Vista Bank is in advanced talks to acquire a 33% stake in ACEP Cameroon, a key step for entering the CEMAC financial market ecosystem. Finalizing the acquisition, which would establish Vista Bank as a major shareholder, is contingent upon a definitive agreement and full regulatory clearance. ACEP, a leading microfinance body in Cameroon, faced increased credit defaults in 2023, cutting net...

Mozambique launched "Big Data in Telecommunications" platform to send geo-located SMS and voice alerts during natural disasters. System enables coordinated emergency communication between INCM, INGD, CENOE, INAM, and mobile operators with national coverage. Platform targets vulnerable populations as the country faced three cyclones in 2024-2025. Mozambique has launched a telecommunications...

Indian bottler VBL signs exclusive deal to test Carlsberg sales in Africa Move aims to diversify beyond soft drinks into the growing alcohol segment Africa’s beer market projected to reach $32.5 billion by end-2025 Indian group Varun Beverages Limited (VBL), the main bottler of PepsiCo’s leading soft drink brands in Africa, is expanding into the beer segment. According to...

AFG Bank Mali launches CFA100 billion fund to support local mining firms Regional financiers like Dossongui, Nassa, and Tiemtoré now own or fund mines Rising gold prices and local content laws drive shift toward African control AFG Bank Mali launched the Local Content Champion Program (LCCP) on October 27, a CFA100 billion ($177.2 million) financing tool for local mining companies in...

Veolia's major Moroccan desalination project, Africa's largest, is almost a year old but remains "in the maturation phase" with no public progress announced yet. Intense negotiations are focused on key factors like the final pricing structure and finding the right subcontractors for the complex maritime and terrestrial works. Morocco seeks the best price and technology transfer to ensure...

Mining budget to surge 1,390% to CFA68.12 billion, up from CFA4.56 billion Government targets diversification beyond oil and stronger resource value New funding to support exploration, gold and manganese output, and reforms Gabon plans a sharp increase in funding for its mining sector, with the 2026 budget rising to CFA68.12 billion from CFA4.56 billion in 2025, according to a proposal...

Poland launches a US$1.1 billion Africa support program through state-owned Bank Gospodarstwa Krajowego (BGK). Initiative forms part of a US$3 billion investment strategy running through 2030, targeting enterprise financing and exports. Africa accounts for just 1.2% of Poland’s exports, yet 17 of 89 BGK-backed markets are on the continent. Poland has launched a US$1.1 billion Africa...