Regional REWARD framework established to boost resilience and self‑sufficiency in West Africa’s rice sector $8.5 million programme launched in February 2026 in Bouaké, Côte d’Ivoire Initiative builds on long‑standing continental strategy to strengthen rice production, processing and regional integration. The African Development Bank Group (AfDB), in partnership...

Genesis acquires 10% stake in FBNBank Sénégal First WAEMU investor joins Nigerian-owned subsidiary Deal supports regional expansion, SME financing plans FBNBank Sénégal, a subsidiary of Nigeria’s First Bank of Nigeria Group, said on Saturday that Genesis Holding Company has acquired a 10% equity stake in the bank. Financial terms were not disclosed. Genesis Holding...

Ghana cites financing gaps slowing rural microgrid expansion About 3.5 million people lack reliable electricity access Government targets 10% non-hydro renewables by 2030 Limited financing is slowing the expansion of microgrids in rural Ghana, Energy and Green Transition Minister John Abdulai Jinapor said at a national forum in Accra, citing high costs and perceived risks that...

Algeria opens 1,200-tonne-per-day Rouiba dairy plant Project aims to cut shortages, reduce dairy imports Government pursues foreign partnerships, $3.5 billion Baladna plan Algeria’s agriculture ministry on Feb. 19 inaugurated a new dairy plant in the Rouiba industrial zone, part of efforts to expand domestic milk production, local media reported. The facility, built by...

Togo GDP grows 6.3% year-on-year in third quarter Industry leads expansion, construction up 22.9% Output reaches 1,840.6 billion CFA francs Togo's economy maintained strong growth in the third quarter of 2025, with real gross domestic product rising 6.3% year-on-year after a 7.1% increase in the second quarter, according to quarterly national accounts released by the National...

Burkina Faso launches $4.6 million vocational training project Switzerland, private sector fund youth, women employment initiative Programme targets skills mismatch amid 8.1% youth unemployment Burkina Faso’s government signed an agreement on Tuesday to strengthen vocational training and employment for young people and women. The agreement, announced in Ouagadougou on...

Nyanzaga gold reserves rise 73% to 4 million ounces Mine life extended to 16 years, output over 200,000 ounces $523 million project boosts Perseus Africa production targets Proven and probable gold reserves at Tanzania’s future Nyanzaga mine have increased to 4 million ounces, up 73% from the previous estimate of 2.3 million ounces published in April 2025. Australian operator Perseus...

IFC considers $100 million loan for Coris acquisition Funds support purchase of 59.81% stake in Cape Verde’s BCA Deal aims to boost SME lending, pending board approval The International Finance Corporation (IFC), the World Bank Group’s private-sector arm, is considering a senior loan of up to $100 million to support West African financial group Coris Holding, controlled by...

Dangote to list $20-25 billion refinery within five months NNPC holds 7.25% stake; dividends payable in naira or dollars Refinery targets 1.4 million bpd, expands petrochemicals exports Aliko Dangote said Nigerians will be able to buy shares in the Dangote Refinery within four to five months as the company prepares for an initial public offering. Dangote made the announcement on...

Tunisia to phase out 3G network from mid-2027 Central bank warns banks over POS disruption risks Shift aligns with Africa trend toward 4G, 5G rollout Tunisian authorities plan to begin phasing out the country’s 3G network from the end of the first half of 2027 as part of a broader digital transformation strategy. The move raises questions about the impact on businesses, financial...