Togo forms first cabinet under Fifth Republic, 31 total posts New ministries focus on economy, digital transformation, planning Key ministers retained; four top posts under council remain vacant After months of speculation, Togo unveiled the lineup of its first government under the Fifth Republic on Wednesday, October 8. The new cabinet, announced by a decree signed by Council...

LemFi launches “Send Now, Pay Later” remittance credit in UK AI-driven platform offers £300–£1,000 credit to underserved users Expansion planned after £53M raise, targets U.S., Canada, Europe LemFi, a financial services platform for immigrants, announced the launch of its new “Send Now, Pay Later (SNPL)” service in the United Kingdom on Thursday, October 9, 2025. The...

SOLA launches 195MW Springbok solar plant, Africa’s first multi-buyer facility AWS, Sibanye-Stillwater among anchor clients in power wheeling model Project boosts SOLA’s private grid capacity to 464MWp in South Africa Independent power producer SOLA announced on Thursday, Oct. 9, the commercial operation of its 195-megawatt (MW) Springbok Solar Power project, completing...

Damietta Port receives 10 new cranes, total now 40. Terminal to open in 2025, backed by global investors. Project aims to triple capacity, cut costs, boost trade. The new container terminal at Egypt’s Damietta Port has received 10 Rubber-Tired Gantry (RTG) cranes, bringing the total to 40. The delivery, announced on Tuesday, Oct. 7,  marks an important step toward the start...

Côte d’Ivoire traced 40% of cocoa for 2024/25 season Most cocoa remains untracked due to informal supply chains EU deforestation law delayed; national traceability efforts expanding Côte d’Ivoire has traced 40% of its cocoa beans from the 2024/2025 season (October–September), according to the 2025 edition of the Cocoa Barometer report, released on Wednesday, October 8, by...

Africa holds 30% of key minerals for green tech. Leaders urge local processing to boost value and profits. Regional initiatives back EV manufacturing, trade, and strategy. Africa holds an estimated 30% of the world’s mineral reserves essential for low-carbon technologies, the backbone of solar power, electric vehicles (EVs), battery storage, green hydrogen, and geothermal...

Senegal and the Federal Republic of Germany signed a €17 million ($19.7 million) financing agreement on October 8 to support vocational training and employment initiatives. The agreement forms part of the second phase of the Vocational and Technical Training and Employment Promotion Project (PFPE 2). Le ministre de l’Économie, du Plan et de la Coopération, @RahmaneSARR , a reçu, en...

An audit by DRC’s Court of Accounts found a $16.8 billion shortfall in mining revenues between 2018 and 2023 due to under-reporting. Prosecutor General Jean Chris Mubanga Musuyu said “70% of companies did not comply” with the 2018 Mining Code. Companies cited include CMOC Group, Glencore, Ivanhoe Mines, Eurasian Resources Group and Ruashi Mining, allegedly under-reporting $10...

Transnet signed a 25-year concession with FFS Tank Terminals to operate and maintain a liquid bulk terminal in Cape Town. The deal includes a ZAR 195.7 million ($11.4 million) investment over three years to modernize infrastructure and double diesel storage capacity. South Africa’s ports rank among the least efficient globally, according to the World Bank, prompting privatization moves to...

Anglo American is divesting from platinum and diamonds, including an 85% stake in De Beers, to focus on copper, iron ore, and crop nutrients. CEO Duncan Wanblad reaffirmed that Africa remains central for future growth, citing its share of about 30% of global critical mineral reserves. The company is pursuing a $50 billion merger with Teck Resources, set to create one of the world’s top...