• WIA Gold secures binding commitments to raise A$30M• Funds support Kokoseb drilling, scoping, and permitting• Kokoseb holds 2.93M oz gold; DFS expected mid-2026 WIA Gold announced on Wednesday, August 20, that it has secured binding commitments from investors for a share placement to raise A$30 million(about $19 million). The Australian mining company plans to use the funds to...

While major corporations in the West are scaling back remote work, the practice is just beginning to gain momentum in Africa. On the continent, remote work remains marginal, concentrated in tech, finance, and non-governmental organizations, and largely confined to metropolitan areas like Nairobi, Lagos, and Abidjan. While precise data is limited, several indicators point to the challenges that...

MTN Nigeria CEO Karl Toriola has been appointed Vice President, Francophone Africa for MTN Group, while continuing to serve  as head of the company’s largest and most profitable subsidiary. The dual role takes effect on November 1, 2025. Toriola, who has led MTN Nigeria since 2021, is no stranger to Francophone markets, having previously held senior leadership positions in the region...

Kenya has opened a US$390 million tender for tech firms to build high-speed internet for over 1,000 rural schools, clinics, and offices. Funded by the World Bank, the project ensures a transparent bidding process and reliable payments for the selected contractors. Bids are due by October 1, 2025, with the project's construction phase scheduled to start in January 2026. Kenya is leveraging...

• Kenya loses about $1.5 billion each year to corruption, according to the African Development Bank (AfDB).• President William Ruto approved the creation of a new Inter-Ministerial Anti-Corruption Task Force (MAT) on August 18, 2025.• Kenya ranks 121st globally on Transparency International’s 2024 Corruption Perceptions Index, scoring 32/100. Kenya loses an estimated $1.5...

• President Ruto projected 5.6% growth for 2025, higher than the Finance Ministry’s 5.3% and Central Bank’s 5.2% forecasts.• Kenya’s GDP slowed to 4.7% in 2024, down from 5.7% in 2023, due to weaker output in construction, mining, and agriculture.• Ruto said the new outlook shows resilience “despite global difficulties” such as tariffs and trade disruptions. Despite structural...

• MTN processed 11.1B MoMo transactions worth $212.2 in H1 2025, a 45.4% rise in value, with 63.2M active wallets.• The fintech arm’s carve-out is advancing, with 99.9% of MTN Uganda shareholders approving separation on July 22, 2025.• MTN aims to build a pan-African “super app,” competing with B2B players like Flutterwave and disruptors such as Chipper Cash. MTN Group is...

• Nigeria commissions a 40,000 m³ LPG tanker to expand regional gas exports.• WAGL’s fleet capacity rises to 162,000 m³, aiming for more frequent shipments across West Africa.• Regional infrastructure limits could hinder LPG distribution despite growing demand. Nigeria, sitting on Africa’s largest proven gas reserves, is moving fast to cash in. In June, it pledged to extend liquefied...

• The Group is seeing shifting earnings mix toward the rest of Africa in the medium term, led by East Africa scale and a pan-African model.• Competition will intensify with Standard Bank, Moroccan lenders, and Nigerian groups, as Nedbank exits ETI and FirstRand eyes Kenya.• Absa targets client-led delivery, cashless branche,s and a Dubai hub, with Africa Regions flagged as the group’s...

• Eskom opens bidding for 291 MW of solar power under long-term PPAs.• First renewable plants expected online by December 2027.• Coal still dominant at 82% of capacity, but shift toward 32 GW clean energy by 2040. Eskom announced on August 19 the launch of its first Renewable Energy Offtake Program, marking a strategic step in reshaping South Africa’s power mix. The tender invites large...