BCEG says amount lent for 175 projects Government provides CFA 30B in credit guarantees to support SMEs Bank aims to boost non-oil growth and local entrepreneurship Ten months after launching operations, Gabon’s Banque pour le commerce et l’entrepreneuriat du Gabon (BCEG) has reported promising early results, lending 7.7 billion CFA francs ($13.6 million) to businesses across...

Ethiopia’s quest for sea access, driven by logistical needs and economic ambition, faces strong headwinds from regional rivalries and tensions in the Horn of Africa. Prime Minister Abiy Ahmed is leveraging diplomatic efforts to overcome the landlocked status hindering his country's economic goals. Ethiopian Prime Minister Abiy Ahmed said on Tuesday that he has asked the United States and the...

Program covers 200 trades; apprentices receive annual stipends Aims to reduce youth unemployment and boost job market skills Morocco launched, Oct. 27, Tadaroj, an initiative aimed at training 100,000 apprentices a year in multiple sectors by 2026. Training will focus on crafts, agriculture, fisheries, tourism, industry, and services. The launch ceremony in Rabat included the signing...

Vitel Wireless launches as Nigeria’s new MVNO mobile provider Partners with major carriers to offer nationwide mobile services Entry expected to boost competition in 220M-subscriber market Vitel Wireless officially launched its mobile services on Thursday, October 30, marking a further step in the liberalization of Nigeria’s telecom market. The company recently secured the...

Plant to produce 100,000 tons of green ammonia annually Kenya aims to double geothermal capacity by 2030 China’s Kaishan Group Co. Ltd said on Tuesday that its subsidiary, Kaishan Terra Green Ammonia Limited, has signed a deal with Kenya’s electricity producer KenGen to build a 165.4-megawatt (MW) geothermal power plant in the East African nation. The project is estimated to cost...

UK pledges £500m guarantee to boost investment in Congo Focus on mining and energy sectors at London summit British investor delegation to visit Kinshasa in January 2026 UK Export Finance (UKEF), the United Kingdom’s export credit agency, announced a £500 million ($660 million) guarantee to support British businesses investing in the Democratic Republic of Congo (DRC). The...

The rule of law declined in 28 of the 38 African countries covered by the index, amidst a context marked by rising authoritarianism, a shrinking civic space, and the weakening of judicial independence. However, eight countries on the continent defied this trend, proving that improvement remains possible. Rwanda ranks highest in Africa for the rule of law, according to the World Justice Project...

Net profit reached CFA25.03 billion ($44 million), up 6% year-on-year Net banking income rose 7% to CFA77.36 billion, driven by higher interest margin Loans and deposits each increased 16%, lifting total assets to CFA2.83 trillion NSIA Banque Côte d’Ivoire, the second-largest bank in the WAEMU by total assets, reported a net profit of CFA25.03 billion (about $44 million) as of...

Net profit rose to CFA27.4 billion ($48 million) in the third quarter Banking income grew 16.4%, driven by fees and intermediation margin Deposits up 22.5% as BICICI strengthens local investor-led strategy The International Bank for Commerce and Industry of Côte d’Ivoire (BICICI), now controlled by a consortium of Ivorian institutional investors including BNI, CNPS, CDC-CI, and...

Fund to compensate road accident victims of uninsured or hit-and-run drivers Launch planned for January 1, 2026, after completion of setup measures Financing to come from insurance premiums and an initial state contribution Niger’s Automobile Guarantee Fund (FGA) is expected to begin operations on January 1, 2026, according to the final report presented in mid-October 2025 to Mamane...