• Senegal to build 200,000-300,000 tons of cold storage in two years for horticulture.• Aims to cut 10-20% post-harvest losses and support rising production.• Talks underway with China’s Guangxi Chang Neige Group for investment. Senegal plans to establish a storage system with a capacity of 200,000 to 300,000 tons over the next two years to support its horticultural sectors. Serigne...

• Tekken unveils "Miary Zo," a Malagasy female fighter who practices Moraingy, a traditional martial art.• She is the second African character in the franchise since its launch in 1994, after Egyptian Zafina in 2007.• The game's growing relationship with Sub-Saharan Africa influenced her creation, following official visits and tournaments in Côte d'Ivoire and Madagascar. On the night of...

Nigeria wants to grow its pharmaceutical industry to $10 billion by 2030, a significant leap from the $2 billion it was valued at in 2023. However, despite substantial investments, the local industry is still struggling to leverage Africa's largest consumer market into a significant growth driver. A June 2025 report from the World Bank, titled “Nigeria: Country Private Sector...

First Quantum signed a $1 billion gold streaming deal with Royal Gold Inc. The funds will help cover capital spending, working capital, and debt repayment. The agreement comes as gold prices rise and Kansanshi’s copper expansion advances. First Quantum Minerals has entered into a $1 billion gold streaming agreement with a subsidiary of U.S.-based Royal Gold Inc., the...

Ethiopian Airlines posted $7.6 billion in revenue for fiscal year 2024/2025. Growth slowed to 8%, down from 15% the previous year, due to global disruptions. The airline carried over 19 million passengers and moved 785,323 tons of cargo. Ethiopian Airlines generated $7.6 billion in revenue for the 2024/2025 fiscal year, which ended on July 7, according to local media...

• Ecobank is selling its Mozambique unit to FDH Bank as part of a strategic shift.• The sale will be fully funded by FDH Bank’s own capital, pending regulatory approvals.• Ecobank plans to maintain digital and cross-border payment ties with Mozambique. Ecobank Transnational Incorporated (ETI) has agreed to sell its Mozambique subsidiary, Ecobank Mozambique SA, to FDH Bank Plc, a listed...

1. South Africa launches support programs and export aid to counter new 30% U.S. tariffs starting August 8.2. Tariffs risk 100,000 jobs, hitting automotive and agriculture amid a 32.9% unemployment rate.3. Pretoria condemns tariffs as unfair but seeks trade diversification through Africa, Asia, and Middle East markets. As the U.S. prepares to enforce 30% tariffs starting August 8, the South...

• Senegal’s Prime Minister Ousmane Sonko launched a $10 billion economic recovery plan mostly funded from domestic resources, aiming to reduce the budget deficit without relying on the IMF.• The government is targeting fiscal reforms and expanding the tax base while facing criticism over rising tax pressure and declining public investment.• Despite economic growth driven by new oil...

• Aura Energy is seeking $230 million to fund its Tiris uranium project in Mauritania, expected to produce 2 million pounds of uranium annually starting in 2027.• The company has signed three sales agreements, including deals with Curzon Uranium, a U.S. utility, and an unnamed international buyer via a spot market contract.• Finalization of these contracts depends on Aura securing the...

Despite a diverse array of minerals, from gold to critical resources, Africa only accounts for 10% of global spending on mineral exploration. To attract more investment, industry stakeholders are exploring new strategies, including the digitization of mining data. On Thursday, July 17, 2025, the Democratic Republic of Congo and the American company KoBold Metals announced a comprehensive...