Tanzania’s Tea Board opens talks with Egypt’s embassy in Dar es Salaam. Discussions focus on expanding market access and new trade agreements. Egypt is a key global tea importer, while Tanzania targets higher export revenue. Tanzania’s tea industry aims to gain more share in the Egyptian tea market. In this context, the Tea Board of Tanzania (TBT) held talks with the...

Pepkor receives regulatory clearance from the Prudential Authority. The group expands beyond retail with a planned banking offer by March. Strong 2025 results support its move into financial services. Pepkor, South Africa’s leading clothing retailer, has received approval from the Prudential Authority to operate in the banking sector. The announcement was made on Tuesday,...

Egypt relaunched El Nasr Automotive in November 2024 after 15 years of inactivity and now uses it as a pillar of its industrial strategy to raise local content and reduce imports. El Nasr’s new models — Nasr Sky (63.5% local content) and Nasr Star (over 70%) — show a sharp rise in domestic components across metallurgy, plastics, spare parts and electrical equipment. Egypt has upgraded...

Guinea issued a 1,500 billion GNF ($172.6 million) five-year bond with an annual interest rate of 11%. The government targets reduced reliance on external financing and expansion of the domestic investor base. The issuance follows Guinea’s first sovereign credit rating of B+ with a stable outlook by S&P Global Ratings. Guinea has launched a 1,500 billion GNF ($172.6 million) bond to...

Malaysia and Kenya signed four legal instruments covering aviation, tourism, private-sector cooperation and smart-city development. Both governments agreed to elevate their bilateral ties to a strategic partnership as they mark 60 years of diplomatic relations. Bilateral trade reached 5.7 billion ringgit ($1.37 billion) in 2024, making Kenya one of Malaysia’s top three African...

Vodacom signed a multi-year partnership with Google Cloud to migrate and unify its critical data infrastructure. The operator will use BigQuery and Google Cloud’s advanced AI tools to build a “single source of truth” and support complex AI models. Google Cloud aims to expand African adoption of its AI technologies, echoing Microsoft’s recent strategy with MTN. African telecom...

TUI Group is opening seven new hotels across North, West and East Africa, raising its continental portfolio to 106 hotels and over 34,000 rooms in nine countries. The new assets include four hotels in North Africa, one in West Africa, and two luxury properties in Zanzibar scheduled to open by early 2026. Africa recorded 74 million international tourist arrivals in 2024, exceeding pre-Covid...

Kenya now requires the Attorney General to validate any amendment to power purchase agreements (PPAs) signed with private producers. Parliament ordered private producers to publish ownership structures within six months, including the identities of beneficial owners. Kenya ended its moratorium on new PPAs and confirmed that 54 IPP projects were under negotiation before the suspension, while...

Husk Power Systems plans to deploy one gigawatt of decentralised energy assets in Africa by 2030 using an artificial intelligence platform. The chief executive officer announced a plan to expand from Nigeria into up to 6 African countries, with a goal of raising $400 million. Husk Power Systems argues that Africa can leap directly to clean energy and that supportive policies will enable...

Côte d’Ivoire approves $46.9M animal and fisheries budget for 2026, up 24% 42% allocated to fisheries resource development under national policy targets Local fish output far below demand; over 732,000 tons imported in 2024 Côte d'Ivoire’s parliamentary committee has approved a 2026 budget of 26.7 billion CFA francs ($46.9 million) for the Ministry of Animal and Fisheries...