West Africa has been pushing to accelerate its industrialization through large-scale projects. However, access to financing remains a major challenge. This is especially true now, as global financing conditions are tightening and limiting investors' willingness to take long-term risks. During the Choiseul Africa Summit in Abidjan, Meinna Gwet, Head of Corporate Finance at Ecobank Transnational...

• Craig Jones will take over as CEO of Perseus Mining on October 1, 2025.• Jeff Quartermaine led Perseus for 12 years and expanded its operations across West Africa.• Perseus expects annual gold output of 515,000–535,000 ounces from 2026 to 2030. Jeff Quartermaine, who joined Perseus Mining as chief financial officer in 2010 before rising to managing director, has been a pivotal force...

As new oil discoveries continue off the coast of Namibia, authorities are refining their strategy to ensure the economic benefits of this windfall are not limited to multinational corporations. As commercial oil production nears, with the first barrel expected as early as 2029 from the Venus and Graff fields, Namibia is establishing a framework to turn this windfall into a driver of inclusive...

Located on the southeastern coast of Zanzibar, Jambiani is a coastal village that captivates visitors with its authenticity and serene atmosphere, far from the bustle of the island’s more crowded tourist areas. Stretching along a pristine white-sand beach that spans several kilometers and lapped by the turquoise waters of the Indian Ocean, it offers a naturally preserved setting. Swaying...

• Ivory Coast is said to be negotiating a €800M syndicated loan with Standard Chartered and Société Générale, backed by MIGA and AfDB, to refinance debts discreetly amid cocoa volatility.• Loan pushes 2025 borrowings to $3.262B, including $1.75B Eurobond, $260M CFA bond, and $336M Samurai bond, with external debt at $35.06B or 58.1% GDP.• Debt costs up to...

• Orange Money’s 100 million active accounts will host JUMO’s AI credit engine, issuing $5–$500 loans repayable automatically from wallet balances.• Roll-out begins in Burkina Faso, then Mali and Botswana, with plans—still tentative—to cover all 16 Orange Money markets.• Revenue and risk are shared under strict encryption and data-privacy rules, aligning with Orange’s...

• US reduced initial April rates (up to 50%) to 10-30% in August for some African nations, exempting minerals/oil, via negotiations to address trade deficits.• Southern Africa (e.g., South Africa at 30%) hit hardest on autos/steel; West (Nigeria 15%) spares oil but affects cocoa; East (Kenya 10%) faces baseline on textiles/coffee.• Potential 10-20% export drop spurs AfCFTA diversification,...

• Presidential Decree 2019-034 transformed PAD from landlord to master developer, allowing PAD to monetise surplus plots and diversify revenue, exactly the playbook used by  Rotterdam, Durban, and Singapore.• PAD’s 360 bn CFA intake is a textbook BOT cash-flow stack: 264 m CFA fixed rent yearly (6.6 bn total), 3 % variable on turnover (≈ 30 bn), 985 m CFA signing bonus, plus...

Credit stress rose as NPLs hit 14.3% by Nov 2024, driven by BEAC's rate hike to 6.75%. Concentration in top banks (54% assets) holds 75% of bad loans, with deposits shifting to cash hoarding. A $550 million Eurobond and CFA131 billion loan offer relief for State Owned Enterprises' arrears, but refinancing risks loom. Cameroon’s banking system ended 2024 with a paradox: most...

Solarcentury has launched the first 25 MW phase of the Mailo solar project. Electricity is now sold on the Southern African Power Pool without a PPA. The plant is set to reach 118 MW, with 500 MW more planned across the region. UK-based Solarcentury Africa has commissioned the first 25 MW phase of its Mailo solar power plant in Zambia, the company announced on July 30. The...