• Nigeria sees a rise in cocoa-related investments as global prices remain high• New projects aim to boost production and build large-scale plantations• A national cocoa board is set to support regulation and modernization Nigeria, the world’s fourth-largest cocoa producer, is attracting more private investment as global cocoa prices continue to surge. On May 15, Starlink Global & Ideal...

• Ghana secures 450,000 barrels of light crude oil from Nigeria to stabilize power supply• Additional stocks of heavy fuel and diesel procured to sustain thermal plant operations• Energy sector debt now exceeds $3 billion, raising long-term concerns Ghana has averted an imminent power shortage by importing 450,000 barrels of light crude oil from Nigeria to replenish dwindling reserves...

Africa should engage the U.S. through “flexible and constructive” trade negotiations, Adesina says in exclusive interview with CNN’s Amanpour As the United States imposes higher tariffs with global ramifications, African Development Bank Group (www.AfDB.org) President Dr. Akinwumi Adesina has warned that these measures could trigger significant economic disruptions across Africa, affecting...

• U.S. unveils a new trade-focused approach for Sub-Saharan Africa, moving away from aid• The strategy aims to link U.S. business interests with Africa’s development goals• A new regional office in Abidjan will support outreach to Francophone African countries Troy Fitrell, a senior official from the U.S. Department of State’s Bureau of African Affairs, introduced a new commercial...

Coca-Cola Beverages Uganda and KiBO Foundation train 1,000 women in Kampala Program promotes economic independence and community-level development Initiative contributes to Uganda’s broader strategy for inclusive growth In a country where more than 70% of women work in the informal economy, Coca-Cola Beverages Uganda (CCBU) and KiBO Foundation have completed an...

CMOC urges DRC to lift cobalt export ban to meet Chinese client demand Glencore supports continued restrictions to stabilize global market Cobalt prices up over 50% since February amid tightened supply Chinese mining firm CMOC and Swiss commodities trader Glencore are at odds over the future of cobalt exports from the Democratic Republic of Congo (DRC). The dispute centers on...

Aptech Africa equips three hospitals with hybrid solar systems to improve energy access Installations include two 38 kW and one 20 kW systems, all with 30 kWh storage Project addresses energy instability affecting health services in the country Aptech Africa has completed the installation of hybrid solar systems in three medical facilities in the Central African Republic. The...

• Amplats will list as Valterra Platinum Limited on the Johannesburg Stock Exchange• Parent company Anglo American to retain 19.9% stake after May 31 separation• Rebrand aligns with Anglo American’s broader strategic restructuring Anglo American Platinum (Amplats), the world’s largest producer of platinum group metals, will be renamed Valterra Platinum Limited and listed under its new...

• WAEMU’s tax revenue remains far below the 20% benchmark, stuck at 14% of GDP• IMF projects target may not be reached before 2048, possibly as late as 2061• Persistent informality, exemptions, and weak collection hamper fiscal progress The West African Economic and Monetary Union (WAEMU) may not reach its tax revenue target of 20% of GDP before 2048, or even 2061, if current trends...

DP World to inject $2.5 billion into global logistics operations in 2025 African priorities include ports in DRC and Senegal to expand regional footprint Strategy aims to compete with major operators and align with Emirati maritime goals Emirati port operator DP World has announced a $2.5 billion investment plan for 2025, targeting strategic infrastructure upgrades...