Predictive Discovery will acquire Robex Resources in a deal valuing the combined entity at $1.5 billion. The merger aims to create one of Guinea’s largest gold producers with 400,000 ounces per year by 2029. Robex shareholders will own 49% of the new entity, while Predictive shareholders retain 51%. Australian miner Predictive Discovery and Canadian miner Robex Resources...

West Africa’s food demand is set to reach $480 billion by 2030, up from $126 billion in 2010. Intra-regional agricultural trade is valued at $10 billion annually, six times more than official estimates. 60% of West Africa’s agricultural exports, excluding cocoa and cashew, stay within the region. Food demand in West Africa will reach $480 billion by 2030,...

Uganda’s poverty rate declined from 30.1% in 2019/20 to 26.4% in 2023/24. Rural poverty remains higher at 30.2% compared with 19.8% in urban areas. The World Bank urges structural reforms to boost agricultural productivity and shift labor into more productive jobs. Uganda’s poverty rate fell to 26.4% in the 2023/24 fiscal year from 30.1% in 2019/20, the World Bank said in a...

Huawei will build a research and development (R&D) centre in Angola by 2027 to strengthen digital inclusion and accelerate growth in education, health and connectivity. Huawei plans to train 7,000 Angolan talents through partnerships with universities, focusing on artificial intelligence (AI), connectivity and emerging technologies. Huawei has not defined the investment amount or...

Guinness Ghana Breweries increased net profit nearly tenfold to 334.6 million cedis ($26.5 million) in fiscal 2025, driven by a 52% surge in revenue. Beer sales secured more than 50% market share for the first time in over a decade, cementing Guinness Ghana’s leadership. Local sourcing reached 69% of inputs, reducing forex risk and strengthening margins. Guinness Ghana Breweries,...

The IMF projects Zimbabwe’s economy will expand 6% in 2025, rebounding from 1.7% in 2024, as agriculture and gold exports strengthen. The Fund warns growth could slow to 3.5% in the medium term due to high budget financing needs and weak investor confidence. The IMF urges Harare to tighten fiscal policy, improve revenue, cut wage costs and address currency market distortions. The...

South Africa’s auto industry is showing a cautious recovery, with $855 million in new investments focused on upgrades and capacity preservation.  Major OEMs, such as Toyota, Ford, and Mercedes, modernize their plants without adding capacity, maintaining an output of around 500,000 units per year.  Growth hinges on AfCFTA integration and a sub-$10,000 car; until then, the...

Case marks rare use of death penalty under laws curbing online speech Convicted under measures used to curb “false information” and silence dissent NGOs denounce verdict as abuse of power, raising rights concerns A Tunisian court in Nabeul sentenced Saber Chouchane to death on Wednesday, Oct. 1, for posting “offensive” messages on Facebook that targeted President Kais Saied, the...

Ghana’s opposition demands minister’s resignation over DStv dispute Accuses him of misleading public on promised 30% fee cut Government defends minister amid broader digital economy tax crackdown Ghana’s parliamentary minority on Thursday, Oct. 2, called for the resignation of Communication, Digital Technology and Innovations Minister Samuel Nartey George, accusing him of misleading...

Côte d’Ivoire’s SOE revenue fell 52.5% to $1.9B in H1 2025 Earnings still exceeded targets, led by Abidjan Port and PETROCI Government reforms aim to boost oversight and financial performance Côte d’Ivoire’s state-owned enterprises (SOEs) brought in just over 1.095 trillion CFA francs (about $1.9 billion) in the first half of 2025, down 52.5% from 2.309 trillion a...