Microsoft has launched the African Regional Cybersecurity (ARC) Initiative, starting in Kenya. The program includes cyber risk management, simulations, and public-private cooperation. Kenya recorded 860 million cyberattack attempts in 2023, highlighting urgent security needs. Microsoft has launched a new cybersecurity initiative in Africa aimed at boosting digital resilience...

WAEMU member states raised CFA4,751.95 billion ($8.14 billion) by April 30, 2025 Treasury bonds surged 172.86% to CFA2,122.07 billion, signaling long-term strategy. Côte d’Ivoire, Senegal, and Burkina Faso accounted for over 70% of total market share. Member states of the West African Economic and Monetary Union (WAEMU) raised a total of CFA4,751.95 billion ($8.14 billion)...

• Ghana plans to cut liquid fuel costs by half through a new natural gas plant.• The project could reduce untreated gas losses of $151 million annually and stabilize power costs.• An inter-ministerial committee has been formed to fast-track implementation. The Ghanaian government has approved the establishment of a new natural gas processing plant in an effort to reduce reliance on...

• Over 90% of Africa’s trade passes through ports, now increasingly targeted by cyberattacks.• In 2024, 174 port-related cyber incidents were recorded globally, with South Africa among the hardest hit.• Port security is critical to intra-African trade, investment, and regional integration efforts. Port logistics remain a core pillar of the African economy, with over 90% of the...

• Tanzania and China signed two aid agreements totaling $69.3 million on May 17, 2025.• $41.6 million is allocated to expand the Jakaya Kikwete Cardiac Institute into a regional center of excellence.• $27.7 million will support broader economic and technical cooperation between the two countries. Tanzania and China have signed two aid agreements amounting to $69.3...

Canyon Resources will raise $24.5 million via a share issue to Eagle Eye Asset Holdings. Funds will finance the initial construction of the Minim Martap bauxite project in Cameroon. The deposit is expected to produce 6.4 million tons of high-grade bauxite annually for 20 years. Canyon Resources plans to establish Cameroon as a bauxite producer through its Minim Martap project....

• Burkina Faso receives €106 million ($119.4 million) under a 'Mourabaha' loan agreement with ITFC.• The facility supports the cotton sector, which accounts for over 4% of GDP and 14% of exports.• The loan is part of a $900 million framework agreement signed in May 2023 with ITFC. The International Islamic Trade Finance Corporation (ITFC), a member of the Islamic Development...

• Kenya plans to deploy 100,000 km of fiber by 2032 to ensure nationwide broadband access.• The current phase covers 940 km under the Horn of Africa Growth and Development Project.• The network will connect schools, government institutions, health centers, homes, and businesses. Kenya is advancing its national digital transformation strategy with a large-scale fiber optic deployment backed...

Nigeria’s audit industry grew 65% in 2024, reaching 28.2 billion naira ($14.4 million). KPMG, EY, PwC, and Deloitte captured over 99% of audit fees from top listed firms. Regulatory reforms and audit complexity continue to strengthen Big Four dominance. Nigeria’s audit sector experienced rapid expansion in 2024, driven by rising regulatory scrutiny and greater transparency demands from...

Lagos state will soon issue Nigeria’s first artificial intelligence (AI) guidelines for responsible development. The framework will guide developers and companies but will not constitute formal policy. The initiative comes amid growing national interest in digital innovation and AI governance. Lagos, Nigeria’s leading economy and digital ecosystem, has announced the imminent release of...