Ghana is trying to reconcile its clean-energy ambitions with the need to restore fiscal balance in a power sector weighed down by excess capacity. The challenge is to draw new solar and wind investment without repeating past contractual mistakes, while keeping energy clean, affordable, and sustainable. Despite its well-documented solar and wind potential, Ghana is struggling to attract private...

Kenya, Uganda approve feasibility study for 200km cross-border highway AfDB-backed project to expand roads, modernize key border posts Aims to boost trade, mobility along vital East African corridor The Ugandan and Kenyan governments approved, earlier this week, the feasibility study for the Kisumu-Busia / Kakira-Malaba cross-border highway project, a 200-kilometer strategic route designed...

Funds to support debt repayment, health, salaries, and fiscal reforms Marks renewed cooperation after 2021 freeze in French aid The French Development Agency (AFD) and the Central African Republic (CAR) signed a €25 million budget-support loan agreement on October 22. The financing strengthens bilateral cooperation between Paris and Bangui and is intended to support reforms that...

Sonatel is a major telecom company in West Africa that investors trust, offering steady growth and strong yearly dividend payments. The company’s sales have grown fast over the years, helped by better internet services and the success of Orange Money. Profits have bounced back thanks to cost control and new digital services, giving Sonatel a solid base for future growth. Senegal based...

The Eyo Festival, also known as the Adamu Orisha Play, stands among the most iconic cultural events in Lagos, Nigeria. This traditional Yoruba procession, organized by the Eko people — the indigenous inhabitants of Lagos — honors the ancestors and marks significant occasions such as the funeral of a prominent figure or the installation of a new traditional leader. Historically, the Eyo...

Uganda forecasts 558,000 tons of coffee for 2025/2026 season Output up 15% as new plantations begin production Higher crop expected to boost exports, after $2.2B record year Uganda expects to harvest 558,000 metric tons of coffee, equivalent to 9.3 million 60-kg bags, during the 2025/2026 season, Gerald Kyalo, Commissioner of the Coffee Department at the Ministry of Agriculture, told...

New facility supports AML/CFT tech upgrades amid global scrutiny Initiative aims to reduce de-risking, support trade and financial access The African Export-Import Bank (Afreximbank) has launched the Afreximbank Compliance System Financing Facility (ACSFF), a fund designed to help African banks invest in the technology and systems needed to meet international anti–money laundering (AML),...

Wave launches Wave Bank Africa in Côte d'Ivoire with $32M capital Move follows €117M funding to expand digital and traditional banking New bank targets West Africa’s 78% unbanked population Wave Mobile Money, a fintech operating in eight African markets—including Senegal, Côte d'Ivoire, Cameroon, and The Gambia—has launched a commercial bank called Wave Bank Africa...

Mission 300 portal launched to track electrification progress in Africa 32M people connected since 2023; 84 projects across 39 countries $8.5B in World Bank funding supports goal of 300M connections by 2030 The Mission 300 initiative, led by the World Bank and the African Development Bank, has launched an interactive online portal to monitor progress toward its goal of giving 300 million...

Africa received $117B in food system aid from 2018 to 2023 Most funds went to agriculture, infrastructure, and emergency aid East Africa led in funding; 11 countries got half of all support External financing for Africa’s food systems reached $117 billion between 2018 and 2023, according to a joint study released by the International Fund for Agricultural Development (IFAD)...