Gabon’s POZI raises €650K in first foreign VC-backed tech deal Startup offers AI-based fleet management, plans Côte d’Ivoire expansion Marks milestone for Central Africa’s emerging tech investment landscape POZI, a Gabonese startup specializing in telematics and fleet management, announced on Friday, Oct. 3, that it had raised €650,000 (about $690,000) in a...

Urges shared standards, regional financing, and cross-border power trade High capital costs, debt, and fragmented regulation still constrain growth South African state utility Eskom has urged African governments to work more closely together to attract large-scale investment in renewable energy. The appeal came during African Energy Week 2025, which wrapped up on Friday, Oct. 3. Rivoningo...

Cameroon launches $47.8M cattle processing hub in Douala Project includes slaughterhouse, meat plant, and 500 butcher shops Aims to boost beef supply, cut prices, and create 142,000 jobs Douala, Cameroon’s economic capital, is set to host a new agro-industrial complex for cattle processing within three years. On October 1, 2025, Minister of Decentralization and Local Development...

• Nestlé, NGOs urge against delay, propose grace period instead• EU cites technical hurdles, trading partner readiness for 2026 push• Delay could offer African cocoa exporters crucial preparation time Several major multinational food companies, including Nestlé, Olam Agri, and Ferrero, along with sustainable certification programs like Fair Trade Advocacy Office and environmental NGOs,...

• Ghana, JICA sign $20.4M deal to upgrade Kumasi inner ring road• Project includes widening 3.2km stretch, improving key infrastructure• Part of broader national effort to modernize road network Ghana signed a three billion Japanese Yen ($20.4 million) grant agreement with the Japan International Cooperation Agency (JICA) on Thursday, Oct. 3, to upgrade the inner ring road in Kumasi,...

Senegal’s attempt to diversify its fuel supply by turning to Nigerian crude is bumping up against hard facts on the ground. Analyst Kpler's data show that Dakar’s 30 kbl/d Société Africaine de Raffinage (SAR) has run steadily on Nigeria’s light-sweet Erha crude (36° API, 0.2 % S) for most of 2024–25—a logical intra-African flow. While the refinery operates on Nigerian oil,...

• New fund offers grants to Black-owned mining firms• Targets the critical financing gap for local mining firms• Program could serve as a model for other African nations South Africa's Department of Mineral Resources and Petroleum on Tuesday, Sept. 30, launched the second edition of its funding program for junior mining companies, providing a potential solution to a major obstacle facing...

• U.S.–Africa trade surged in early 2025, with exports up 26%. Yet, a $4.86B U.S. deficit widened as growth remained concentrated in a few nations.• Bilateral trade saw dramatic shifts. Nigeria recorded a $0.78B U.S. surplus, while the deficit with South Africa reached $7.74B, driven by commodity trade.• Despite recent gains, U.S.–Africa trade, at approximately $51...

Cameroon's machinery imports jumped 30% in Q1 2025 to 190B CFA. The investment boosts industrial capacity, but the manufacturing sector's GDP share remains stagnant. This investment demonstrates resilience in the face of global crises. It's fueled by strong domestic demand for local products, signaling a powerful, consumer-driven momentum. Future success depends on converting this...

Telecel is absorbing AT Ghana, creating a duopoly against MTN. The move will migrate 3.2 million customers by Q1 2026, backed by a network investment of over $50 million. The takeover was forced by AT Ghana's financial collapse, which resulted in $289M in debt. The government stepped in to prevent a blackout, backing the merger. The merger promises up to $600 million for...