• South Africa’s IDC may buy AMSA for $491M, aiming to save jobs and pivot the steel sector toward green production.• EU’s CBAM carbon tariffs threaten exports, making low-carbon steel vital for South Africa’s competitiveness and market access.• A successful IDC deal could position South Africa as a BRICS+ hub for green steel, but failure risks closures and deeper import...

• Focus on technology, health, and engineering programs for Senegalese students• Move seeks to widen study opportunities for Senegalese youth in priority sectors• Educational partnership aims to address Africa’s low regional student mobility Senegal's Ambassador to Nigeria, Nicolas Auguste Nyouky, visited Baze University in Abuja on Saturday to explore a potential educational partnership...

• Guinea gets $40M for SMEs; Nigeria to host rice plant, solar power, and industrial park• Approvals part of EBID’s push to finance regional development and energy transition The ECOWAS Bank for Investment and Development (EBID) approved $308 million in financing for four priority projects in Guinea and Nigeria during its 93rd Board of Directors meeting in Lomé on...

• 30-year concession includes new locomotives, wagons, and freight upgrades• Deal strengthens mineral export routes as US, EU push Lobito Corridor China signed a $1.4 billion agreement with Zambia and Tanzania on Monday to upgrade the TAZARA railway, a critical 1,860-kilometer line connecting Zambia's Copperbelt mines to the port of Dar es Salaam. The rail line, originally constructed...

The Board of Directors of the Mastercard Foundation today announced that Sewit Ahderom has been selected to serve as its next President and CEO. The appointment follows the decision by Reeta Roy to transition from the Foundation after 18 years of transformative leadership and impact. Both leaders will work closely on a seamless transition process. Roy will continue to serve as President and CEO...

• AFC raises $1.5B via oversubscribed three-year syndicated loan• Facility backed by global lenders; exceeds $1.3B target• Funds to support infrastructure, trade, and energy transition Lagos based Africa Finance Corporation (AFC), announced on Monday it has raised $1.5 billion through an oversubscribed three-year syndicated loan facility.  We are pleased to...

• EDF starts building 1,028 MWh battery storage in Northern Cape• $405M project to support Eskom under 15-year PPA• Three sites to boost grid, aid renewable energy integration EDF Power Solutions formally launched construction ,on Monday, for three battery storage projects in South Africa's Northern Cape province, marking the start of its 1,028 megawatt hour (MWh) Oasis 1...

• Mauritania plans a national nanosatellite program to develop sovereign space capabilities and boost digital services nationwide.• The initiative aims to include low Earth orbit satellites, ground infrastructure, and local skill transfer for design, production, and operation.• Africa’s space sector attracted $465.3 million in 2024, with 18 countries launching 67 satellites,...

• Natascha Viljoen will succeed Tom Palmer as Newmont CEO on Jan. 1, 2026.• She becomes the first woman to lead the world’s largest gold producer.• Newmont expects attributable production of 5.9 million ounces in 2025, supported by new Ghana projects. Newmont Corp, the world’s top gold producer, appointed Natascha Viljoen as its next President and Chief Executive Officer, effective...

• Côte d’Ivoire will fix the 2025/26 farm-gate cocoa price at CFA 2,500/kg ($4.46), the highest ever.• The increase represents a 39% jump from last season’s main harvest price of CFA 1,800/kg.• Smuggling risks remain high as Ghana pays $5/kg, a 12% increase. West Africa dominates global cocoa supply. After Ghana announced new rates in August, Côte d’Ivoire, the world’s top...