(CMOC)-CMOC today announced its results for the first half of 2025, reporting revenue of USD 13.21 billion and net profit attributable to shareholders of USD 1.21 billion, up 60.07% year-on-year and the highest first-half earnings in the company’s history. Operating cash flow reached USD 1.67 billion, while the debt-to-asset ratio declined to 50.15%, reflecting stronger cash generation and a...

ZESCO and Anzana inked a US$300 million deal to power 2 million Zambians along the Lobito Corridor. A US$50 million pilot launches 2026, connecting 40,000 homes and businesses in North-Western Province. Project embeds World Bank gender safeguards and low-carbon run-of-river hydro to cut grid emissions. ZESCO, the Zambian public power utility, has announced the signature of a...

Itracom to build $180M fertilizer plant in Uganda. Plant capacity: 250,000 tons; local manure as input. Project backs Uganda’s fertilizer expansion, food security goals. A Burundian agribusiness firm, Itracom Fertilizers, has secured government approval to build an organic fertilizer plant in Uganda at a cost of $180 million, a project expected to be completed in 18...

Uganda to host migrants denied asylum in U.S. Excludes criminals, minors; prioritizes African nationals. Agreement details pending; political tension rising in Uganda. Kampala and Washington have reached a cooperation agreement on migration matters, under which Uganda will host third-country nationals who have been denied asylum in the United States and who refuse or fear returning...

Africa surpasses 70 GW renewables, remains import-dependent. China dominates solar, batteries, inverters; Europe leads in wind. No major local manufacturing; IRENA urges industrial development. Africa is increasingly turning to renewable energy to meet its power needs. In 2024, the continent surpassed 70 GW of installed capacity, according to the International Renewable Energy...

TAAG will open a Luanda–Nairobi route with three weekly flights. The airline aims to triple passenger traffic to 3 million annually by 2030. TAAG, now profitable, is central to Angola’s aviation and economic strategy. TAAG Angola Airlines announced plans to launch a new route connecting Luanda, Angola, and Nairobi, Kenya, with three flights per week. The service is designed to...

Zambia and Qatar’s Al Mansour Holdings signed a $19 billion partnership in Lusaka. The agreement covers finance, housing, agriculture, mining, transport, telecoms, and energy. President Hichilema said the deal marks a new phase in Zambia-Qatar economic ties. Zambia signed a $19 billion partnership with Qatar’s Al Mansour Holdings on August 18, 2025, in Lusaka....

• Morocco’s unemployment rate hit 12.8% in Q2 2025, with 35.8% youth unemployment among 15-24 year-olds.• The government announced a sweeping reform of ANAPEC, which currently reaches only 14% of new jobseekers.• The reform aims to create 1.45 million jobs by 2030 and cut unemployment to 9%, relying on digital tools, private sector partnerships, and targeted youth programs. Morocco...

• Most luxury tourism profits in Africa flow to foreign investors, bypassing local economies.• Africa's luxury travel market grows fast, driven by exclusive lodges and eco-friendly adventures.• Calls grow for sustainable tourism policies that benefit communities and reduce inequality. Many African countries push luxury tourism as a key growth driver. A University of Manchester study,...

• AIIB grants Morocco $200M loan for climate resilience• Funds target water, environment, and climate-exposed sectors• Morocco faces rising extreme weather, per IPCC, World Bank The Asian Infrastructure Investment Bank (AIIB), a multilateral financial institution established by China in 2015, will provide Morocco with a $200 million loan to bolster the country's climate change...