South Africa launched phase five of its Basic Education Employment Initiative, hiring 200,000 youths. Budget constraints limit essential school services, especially in poor areas. Authorities are pushing infrastructure upgrades and accountability to strengthen the sector. In early June 2025, South Africa kicked off the fifth phase of its Basic Education Employment Initiative...

FNDA, FMN, and NOVA launch ₦1.5B maize project for 1,500 farmers in Kaduna. Support includes inputs, mechanization, and FMN technical aid. Goal: boost Kaduna’s maize output, 7.7% of Nigeria’s total in 2024. Nigeria's National Agricultural Development Fund (FNDA) has partnered with Flour Mills of Nigeria (FMN), the country’s leading flour producer, and NOVA Merchant Bank to...

AFC secured a €250 million, 10-year loan from Italy’s CDP, 80% guaranteed by SACE, for infrastructure projects in Africa. Funds will support the Lobito rail corridor linking Angola to Zambia and the DRC. The deal strengthens the Italy-AFC partnership, aligned with the Plan Mattei-Global Gateway summit. Africa Finance Corporation (AFC) has secured a 250 million euro, which...

The World Bank, through the International Development Association (IDA), has approved $115 million in concessional financing for Senegal. This funding aims to improve public debt sustainability, strengthen public financial management, and boost domestic resource mobilization. The announcement was made in a statement released on June 24, 2025. This financing will support Senegal’s...

Monthly mobile data traffic per smartphone in Sub-Saharan Africa will rise to 14 GB by 2030. Total mobile data traffic is expected to grow from 2.3 exabytes to 11 exabytes per month. 5G subscriptions will soar from 11 million to 400 million, driven by urban demand and affordable devices. Mobile data usage in Sub-Saharan Africa is set to nearly triple by 2030, reaching an average of...

AI lowers barriers for cybercrime, with attack tools now sold as a service. Experts urge African countries to boost local data and AI ethics to build resilience. Cybersecurity must evolve from a speed race to a long-term strategic effort. At the 2025 Cyber Africa Forum in Cotonou, experts highlighted how artificial intelligence is both a powerful tool and a growing threat to...

The International Finance Corporation (IFC) has issued a $2 billion global bond to support businesses in emerging markets. The five-year bond attracted strong demand, with orders topping $3.8 billion. Funds will help drive job creation, reduce poverty, and promote sustainable growth. The International Finance Corporation (IFC) announced on June 24 it has issued a $2...

A transparent methodology is expected to reshape Africa’s risk profile Confidence grows as the pan-African agency project advances Afreximbank’s lending capacity depends on improved ratings Africa can convince global debt market investors to adopt a fairer, more contextualized assessment of its risk, according to Dr. Yemi Kale, Chief Economist and Director of Research at the...

• NamPower starts work on 100 MW solar plant near Rosh Pinah.• Aims to cut 78% power import reliance.• Project brings 300+ jobs, local contract share. NamPower officially commenced construction on its largest solar project to date, the 100 MW Sores |Gaib solar plant, on Thursday, June 19. Located 33 km from Rosh Pinah in southern Namibia, this undertaking comes at a total cost of...

• Greece to send navy ships off Libya to curb migrant surge.• Mitsotakis urges EU, Libya coordination on border control.• Migration pressure persists; EU summit to address issue. On Monday, June 23, 2025, Prime Minister Kyriakos Mitsotakis announced that Greece will deploy navy warships in international waters off Libya. He said this move aims to stop illegal immigration into Greece. The...