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)...

Nigeria, South Africa, Mozambique, Burkina Faso removed from grey list Decision follows reforms in financial transparency and regulatory oversight Move boosts investor confidence, remittances, and cross-border transactions The Financial Action Task Force (FATF), the global anti-money laundering and counter-terrorist financing watchdog, announced on Friday that it has removed...

Gabon targets 9.2% non-oil growth in 2026 amid oil decline Infrastructure, LNG, mining, and agro sectors drive diversification push Stability holds, but fiscal pressure and reform needs remain high After decades of dependence on crude oil, Gabon is seeking to reshape its economy, targeting non-oil growth of 9.2% in 2026 — nearly triple the current rate. Official forecasts suggest this...

Ghana to earn $16B in oil revenue by 2035, Deloitte says Output declining due to aging fields, low investment, no new deals $3.5B in upstream oil investment expected, minister announces Ghana is expected to generate nearly $16 billion in oil revenue over the next ten years, according to new Deloitte estimates cited by Ghanaian media on Wednesday. The amount represents about...

Absa to acquire Standard Chartered’s retail, wealth units in Uganda Deal aligns with Absa’s regional growth, pending regulatory approval Standard Chartered continues exit from African retail banking markets Absa Bank Uganda, a subsidiary of South African financial group Absa, announced on Friday it has signed an agreement to acquire the retail and wealth management businesses of...

Agreement targets joint tech, green energy, and investment projects Bilateral trade hit $3.1B in 2024, up from $2.2B in 2023 Belgian Deputy Prime Minister Maxime Prévot and Moroccan Foreign Minister Nasser Bourita signed an agreement to strengthen bilateral cooperation in several key areas, the Belgian government said in a statement on Thursday. The deal establishes a...

Niger mandates public agencies to prioritize local goods procurement New import quotas aim to shield domestic industry from competition Measures support economic self-reliance, local production, job growth Niger’s government has approved a draft decree requiring state agencies to give preference to locally made goods in public procurement. According to a statement issued after...

Cameroon seeks $6.5B private investment for 2030 energy goals New laws, incentives to boost renewables, grid expansion, access Plan targets 100% electricity, 40% clean cooking access by 2030 Cameroon plans to attract $6.5 billion (about 3,674 billion CFA francs) in private investment to finance nearly half of its new National Energy Compact (CEN), a roadmap adopted this year, to...

Shell appeals permit suspension for South Africa offshore block Firm argues exploration phase met environmental legal standards Move follows major finds in Orange Basin, legal outcome uncertain Shell intends to move forward with offshore exploration in South African waters, even after a Western Cape High Court ruling suspended its permit for block 5/6/7. International media reported on...

Options include partnerships, divestments, or new rare earth entity Move follows rising global demand, investor interest in sector Australian mining company DY6 Metals announced on Thursday a strategic review of its rare earth exploration portfolio in Malawi, following unsolicited interest “from industry participants.” The review aims to position the projects to maximize value amid...