• Côte d’Ivoire reduced its budget deficit from 6.8% of GDP in 2022 to 4% in 2024, according to the World Bank.• The government targets a deficit of 3% of GDP by end-2025, in line with the UEMOA convergence criterion.• Fiscal improvement came from stronger revenue mobilization, reaching 14.1 trillion CFA francs in 2024, and controlled spending growth. Côte d’Ivoire has reduced its...

• The Initiative: The Comoros is partnering with the UN to launch a digital strategy aimed at modernizing its agriculture, a plan established during a national workshop held from October 6 to 8, 2025.• The Stakes: This is critical for the nation's agricultural sector, which makes up 36.6% of the GDP but faces severe risks from climate change and a heavy reliance on imports for 90% of its...

• PIC launches US$71.5m fund to back early-stage mining and finance in South Africa’s exploration pipeline.• Half of the funds reserved for domestic projects focus on energy-transition minerals, such as copper and lithium.• The move aims to close the financing gap and support the growth of locally owned miners through venture-style investment. The Public Investment Corporation (PIC),...

Sawiris family trims Endeavour stake to 14.86% after selling 367,534 shares worth CAD 22.2 million, per Oct 9 2025 filing. La Mancha, Sawiris’ investment arm, remains a key shareholder in Endeavour Mining despite gradual portfolio adjustments. The share sale coincides with gold prices surpassing US $4,000 per ounce, marking record highs in global precious-metal...

Namibia, McDermott sign deal to train locals for oil sector Partnership targets skills in offshore engineering and operations Plan aims to boost local content in oil industry to 15% by 2030 Namibia has advanced its local content framework by signing a memorandum of understanding (MoU) to build local talent for its emerging oil and gas industry. The Petroleum Training and...

Risma acquires Radisson Blu Marrakech and mall for $57.2M Deal boosts Risma’s presence in key tourist hub, Marrakech Move aligns with Morocco’s $1.12B hotel market growth forecast Risma, Morocco’s largest tourism operator, paid 524 million dirhams (about $57.2 million) to acquire Centre Multifonctionnel de Guéliz (CMG), the owner of the Radisson Blu Hotel...

TAAG to shift all international flights to new Luanda airport Oct. 19 António Agostinho Neto Airport can handle 15M passengers yearly Move aims to position Angola as key regional aviation hub Angola’s state-owned airline, TAAG Linhas Aéreas de Angola, announced on Wednesday, Oct. 8, that it will transfer all international flight operations from Quatro de Fevereiro Airport to...

The Cameroonian national, who holds the title of Fellow Chartered Certified Accountant (FCCA), will play a key role in the group’s strategic and operational management in the region. Pan-African banking group Ecobank Transnational Incorporated (ETI) has appointed seasoned executive Emmanuel Wakili to a strategic leadership role. Wakili, currently the Executive Director and Chief Financial...

Raxio opens $30M Angola data center amid Africa-wide expansion Sector growth hampered by power issues, skills gap, regulations Firms adopt renewables, modular builds, and policy reform to scale Raxio Group inaugurated a $30 million data center in Angola in early October, the latest step in an expansion plan supported by $100 million in financing from the...

Mauritania reopens schools amid backlash to education reform law Law phases out private primary schools, raising closure, job fears Critics question if public system can absorb surge in students Students in Mauritania returned to school on Monday, October 6, after a three-month break, but the start of the academic year was overshadowed by controversy over the country’s education...