• Wafa Assurance posted a group net income of MAD 692 million in H1 2025, up 0.7% year-on-year.• Consolidated revenue rose 10.3% to MAD 7.88 billion, driven by strong life and savings operations abroad.• Shareholders’ equity increased 13.8% to MAD 14.3 billion at end-June Wafa Assurance, the insurance subsidiary of Moroccan investment holding Al Mada and Attijariwafa Bank, reported...

• Lotus launched a four-month drilling program to expand Letlhakane’s 113 million-pound uranium resource.• The prefeasibility study, due H2 2026, aims to optimize economics of a $465 million, 3M lb/year mine plan.• Lotus targets combined production of 6M lb/year from Letlhakane and Kayelekera. Lotus Resources has started a new exploration program at its Letlhakane uranium...

• Fortuna Mining signed a joint venture deal with DeSoto Resources to explore gold in Guinea’s Siguiri basin.• Fortuna will hold 70% and invest up to $12.5 million over three years once permits are granted.• DeSoto Resources already runs over 15 gold projects in Guinea, giving the venture local leverage. Fortuna Mining announced on October 2 that it signed an agreement with...

• Rwanda launched a CyberHub in Kigali to train 200 graduates annually, with at least 30% women, in cybersecurity and emerging technologies.• The project is led by the National Cybersecurity Authority with Cisco and GIZ as partners.• Rwanda’s digital sector grew 19% in Q1 2025, becoming the country’s second-largest GDP growth driver. The Rwandan government has made digital...

• Nigeria launches visa overstay crackdown after moratorium ends Sept. 30• Offenders face fines, deportation, and re-entry bans up to 10 years• Part of May 2025 reforms to digitize and tighten immigration rules The Nigeria Immigration Service (NIS) has launched a nationwide crackdown on foreign nationals who have overstayed visas or breached entry conditions, starting Oct. 1, 2025. The...

• Ghana raises cocoa farmgate price 12.3% to $4.60/kg• Move follows Côte d’Ivoire’s record $5.00/kg price hike• Aims to boost output, curb cross-border smuggling losses Ghana has raised the minimum farmgate price for cocoa in the 2025/2026 main crop season to 58,000 cedis ($4,628) per metric ton, or $4.60 per kilogram, effective Friday, October 3, 2025. The Ministry of...

Ten years after the Paris Agreement and with COP30 approaching, Proparco is launching the “Proparco Days,” a forum bringing together financial actors from the Global North and South to focus on climate finance. In this exclusive interview with Ecofin Agency, CEO Françoise Lombard outlined the initiative’s goals and stressed the catalytic role Proparco and other development finance...

AgDevCo lends $10M to Zambia's poultry firm Hybrid Funds to build region’s largest poultry abattoir Project targets rising demand, reduces poultry imports British impact investor AgDevCo has lent $10 million to Zambia’s Hybrid Poultry to build a modern abattoir, the company said on Thursday. The facility, to be the largest in the region, will expand processing capacity to...

• Eni secures offshore Block CI-707 in Côte d’Ivoire• Block spans 2,926 km²; nine-year exploration period begins• Aims to expand Baleine output, FID expected by year-end  Italian energy major Eni has secured exploration rights for a new offshore block, CI-707, off Côte d’Ivoire, strengthening its presence in the country’s upstream sector. The agreement, signed with the...

• Morocco produced 3,644 tons of farmed fish in 2024, far below its 300,000-ton potential.• A World Bank report cites red tape, lack of infrastructure, and financing gaps as barriers.• Aquaculture is seen as key to easing pressure on fisheries and creating thousands of jobs. In Morocco, as in most coastal African countries, fishing remains the main source of seafood. Aquaculture, viewed as...