• Ethio Telecom, TINNO in talks to boost smartphone access• Plan includes local assembly, affordable ODM devices, installment sales• Initiative targets Ethiopia’s low smartphone penetration, now at 36% Ethiopia’s state-owned telecom operator Ethio Telecom is in talks with China’s Android smartphone maker TINNO to form a strategic partnership aimed at expanding smartphone access in...

• Norfund invests $15M in Ghana’s B5 Plus steel group• Funds to upgrade steel plant, build 16MW solar facility• Project to cut emissions, boost jobs, and reduce steel imports Norway’s development fund, Norfund, announced on Tuesday, October 14, 2025, that it would invest $15 million in B5 Plus Group, one of Ghana’s leading steel producers. The financing will support the...

• Avesoro seeks to acquire Todi gold project from Zodiac Gold• Deal includes cash, 10% royalty, and 30-day exclusivity period• Todi’s proximity to Avesoro mines key to expansion strategy Canada-based mining company Avesoro Resources has submitted a proposal to Zodiac Gold to acquire the Todi gold exploration project, which Zodiac wholly controls in Liberia. The move, announced on...

• Aspen to distribute Eli Lilly’s Mounjaro in South Africa• Launch heightens obesity drug rivalry with Novo Nordisk’s Wegovy• High costs limit access despite soaring demand and obesity rates South African pharmaceutical group Aspen announced on Monday, October 13 that the South African Health Products Regulatory Authority (SAHPRA) has approved the commercialization of Mounjaro, Eli...

• TotalEnergies warns U.S. steel tariffs raise LNG project costs• Mozambique LNG restart unlikely before 2029 amid security, cost issues• Energy sector faces margin pressure from rising input and trade barriers TotalEnergies CEO Patrick Pouyanné warned on Tuesday, October 14, that new U.S. steel tariffs are set to drive up construction costs for major gas developments, including the...

• Forrestania to acquire Kula Gold in all-scrip A$58.8M deal• Merger to consolidate Australian gold assets under one entity• Kula’s Wozi niobium spin-off plan now faces uncertainty Forrestania Resources announced on Tuesday, October 14, that it has signed a Scheme Implementation Agreement to acquire 100% of junior miner Kula Gold. The transaction, which values Kula at A$58.8 million, or...

Africa Reinsurance Corporation (Africa Re) inaugurated a new contact office in Kinshasa, Democratic Republic of Congo, on Thursday, October 9, 2025. The move marks another milestone in the expansion strategy of the continent’s leading reinsurer by net premiums and reflects its commitment to supporting the development of local insurance and reinsurance markets. The Kinshasa office will...

• The cash deal values Loncor at C$261 million and should close by early 2026.• Chengtun will buy all outstanding shares at C$1.38 each, pending approvals.• The Adumbi gold project holds 3.66 million ounces of resources. Loncor Gold, operator of the Adumbi gold deposit in the Democratic Republic of Congo, announced on October 14 it has entered into an arrangement agreement to be acquired...

• The five-year plan allocates 388 billion pulas to boost growth and jobs.• Focus areas include transport, housing, and water infrastructure.• The initiative comes amid diamond sector slowdown and weaker reserves. The Botswana government has unveiled a five-year, 388 billion pula (about $27 billion) plan to guide the country’s economic transformation and deepen diversification...

• New 10-year strategy aims to boost sugar production and processing capacity.• Sector faces high costs, outdated equipment, and limited irrigation infrastructure.• Higher output could expand exports to markets in the EU, U.S., and Africa. Zimbabwe plans to raise its annual sugar production to 800,000 tons within the next decade. This is the main goal of the new Sugar Industry Development...