Ogun State and Arise IIP will build a $2B textile plant producing 350,000 metric tons of garments yearly. Set to begin in Sept 2025, the project aims to revive cotton farming via local sourcing. It targets growth in Nigeria’s stagnant cotton sector, which saw little change since 2004. Nigeria's Ogun State plans a new textile plant with pan-African industrial park developer...

Africa is one of the world's leading mining regions due to its diverse mineral resources. The continent draws interest for its gold deposits and critical minerals, but it also holds other rare and important metals. Africa holds about 30% of the world's critical mineral reserves, according to the International Energy Agency, or IEA. This classification primarily includes metals essential for the...

Angola launches new offshore projects adding 60,000 barrels per day. TotalEnergies leads both developments using existing infrastructure. Luanda targets over 1.1 million barrels daily and $60 billion in oil investment by 2030. The official launch on July 23 of the Begonia oil project in Block 17/06 and Phase 3 of the CLOV project in Block 17 marks another step in Angola’s...

Cenntro has signed a deal with Moroccan firm Electricove to build an EV assembly plant. The factory will assemble models like the Teemak and LS450 for Morocco and North Africa. Morocco aims to become a key electromobility hub, backed by strong auto export growth. U.S. Electric vehicle manufacturer Cenntro Inc announced last week a partnership with Moroccan company Electricove to...

Tanzania and Rwanda signed two cooperation agreements to boost farming and trade. One deal focuses on port access for Rwanda to lower freight costs via Tanzania. The two nations continue to strengthen ties in trade, transport, and regional growth. Tanzania and Rwanda have signed two cooperation agreements to strengthen their partnership in agriculture and trade, according to a July...

South Africa granted Transnet a new 94.8 billion rand ($5.3B) guarantee to aid its recovery. Rail freight dropped to 152M tons in 2023/24, down from 226M in 2017/18. Success hinges on improved oversight, transparency, and curbing vandalism. The South African government announced a new 94.8 billion rand, about $5.3 billion, guarantee for Transnet, the state owned transport and...

Garamba National Park, located in the northeastern Democratic Republic of Congo, is one of Africa’s oldest and most iconic protected areas. Established in 1938, the park spans over 4,900 km² and was designated a UNESCO World Heritage Site in 1980. Its strategic location near the border with South Sudan gives it immense ecological importance, hosting a remarkable diversity of landscapes that...

Nigeria has bid to host a Formula 1 Grand Prix, with plans for a new Abuja racetrack. The project includes a karting track, hotels, and a racing museum.  Nigeria joins South Africa, Rwanda, and Morocco in competing to host Africa’s first F1 race in decades. Nigeria has entered the bid to host a Formula 1 Grand Prix in Africa. Last week, the West African nation unveiled a...

Senegal and Vietnam discussed digital tech cooperation on July 23. Talks support Senegal’s goal to become a digital hub and expand rural internet. Viettel may enter Senegal’s market to aid connectivity and skills development. Senegal’s Minister of Communication, Telecommunications, and Digital Economy, Alioune Sall, received a Vietnamese delegation on Wednesday, July 23, in...

Mali approved a $238M World Bank loan to build key roads, including Sandaré-Diéma. Project boosts the Bamako-Dakar trade corridor and rural connectivity. Part of wider plan to modernize logistics and promote regional integration. In Mali, the Council of Ministers approved a loan agreement from the International Development Association (IDA), a World Bank institution, on...