CCBA invested $20.4 million to expand its Midrand plant’s production capacity. The new line will bottle 72,000 units per hour, targeting growing demand for Bonaqua and Powerade. This is part of a broader southern Africa growth strategy, following similar investments in Malawi and Namibia. Coca-Cola Beverages Africa (CCBA) has launched a new production line in Midrand,...

Diageo may sell its East African beer operations worth up to $2 billion. The company has hired Bank of America and Goldman Sachs for a strategic review. French brewer Castel emerges as a likely buyer after multiple past acquisitions. Diageo, the British spirits giant behind Johnnie Walker and Guinness, may exit a major chunk of Africa's beer market. On July 28, Bloomberg News...

Solar photovoltaic costs rose slightly in 2024, marking a break in a decade-long downward trend. Rising prices of modules, logistics, and financing, along with slower technological progress, drive this cost stabilization. Despite the slowdown, solar power remains the cheapest renewable energy in most markets, especially in Africa. Solar energy continues to lead the expansion of...

Mauritius plans to reach 60% renewable energy by 2030 but faces a looming 100 MW electricity deficit. The government calls for installation of a floating power plant running on heavy fuel oil or diesel, expected online by January 2026. Heavy reliance on fossil fuels and high debt levels expose Mauritius to economic risks, conflicting with its green ambitions. Mauritius balances its...

Asara aims to raise $25 million through a share placement to fund gold exploration in Guinea. The company will drill at Talico, Banan, and Massan to expand its 923,000-ounce resource estimate. This shift follows Asara’s exit from Burkina Faso, where it sold two projects for $2.2 million. Asara Resources focuses on its Kada gold project in Guinea after selling its...

• CEMAC MFI Non-Performing Loans edge up 8.9 % to 178B CFA in 2024, regional review shows• BEAC study notes one member hosts 73.7 % of CEMAC’s 521 MFIs, influencing portfolio trends• Congo 9 %, Gabon 7 % join largest network in shaping sub-regional loan-quality metrics According to the Bank of Central African States (BEAC), non-performing loans in the Central African...

• Belgian investor Victoria Equity injected $6.2M loan, proposing share conversion that would dilute State control.• Minister Bussa urges matching funds to avert dilution, aligning with President Tshisekedi’s call for active State asset management.• Reopening of 387-room La Tour in Sept 2025 expected to double company's market value, making State's investment strategic. On July 25,...

• African Gold began a 40,000m drilling program at Didievi in Côte d’Ivoire, running through 2026.• Backed by Montage Gold’s \$6M investment, it targets Blaffo Guetto and nearby prospects.• Goal is to expand resources beyond 989,000 ounces, pending further studies and permits. African Gold announced Monday, July 28, it launched a new 40,000-meter drilling program at its Didievi gold...

• Ghana has terminated Rocksure International’s lease for the Nyinahin bauxite deposit, Reuters reported on July 28.• The $1.2B project with GIADEC aimed to build a mine and refinery; reasons for termination remain undisclosed.• Authorities may bring in a foreign partner, with Emirates Global Aluminium among the firms under consideration. Ghana’s Nyinahin bauxite deposit no longer...

What seemed like a routine administrative matter has drawn Madagascar into an international controversy. Five Boeing 777 aircraft, briefly registered with Madagascar’s Civil Aviation Authority for technical ferrying, ended up in the fleet of a sanctioned Iranian airline. The country’s aviation authority has called the move fraudulent and denies any involvement. The ongoing investigation...