• Mauritania signed a $30.5 million loan deal with the Islamic Development Bank to reform vocational training.• The project targets youth employability by aligning skills training with labor market needs.• Over 60% of Mauritania’s population is under 25, yet youth unemployment reached 24% in 2023. Mauritania approved a $30.5 million loan deal with the Islamic Development Bank...

(AfDB)-The Board of Directors of the African Development Bank has approved a $17 million grant to support recovery and resilient-building efforts in conflict-affected northern Mozambique’s Cabo Delgado province. The funding will support the Resilient Investment for Socio-Economic Empowerment, Peace, and Security (RISE-PS) Project, a bold new initiative to tackle the root causes of...

(AfDB)-The African Development Bank, in partnership with the Islamic Development Bank, Nigeria’s Federal Government and the Abia State, has launched the Abia State Integrated Infrastructure Development Project, a transformative $263.8 million initiative to modernize urban infrastructure, enhance mobility, and promote inclusive, climate-resilient development over the next five years. The...

For the inaugural year of a four-year cycle dedicated to African cinema, the Locarno Film Festival is highlighting six projects from the continent, betting on these talents to support a thriving regional industry. The Locarno International Film Festival will spotlight six African projects during its 78th edition, set for August 7 to 12, 2025. These projects are part of the "Open Doors" program,...

WIA Gold announced a 38% increase in resources at Namibia’s Kokoseb gold deposit, now totaling 2.93 million ounces Of this, 1.81 million ounces (62%) are newly classified as "indicated," enhancing confidence in the deposit The update supports ongoing studies and exploration aimed at advancing Kokoseb toward a potential gold mine The Kokoseb gold deposit in Namibia now contains...

Spark+ and Envirofit completed Ghana’s first carbon credit sale under Paris Agreement Article 6.2 Credits from cleaner cookstoves will be bought by Switzerland via the KliK Foundation Backed by $6.85M, the project targets 120,000 stoves by 2026 Spark+ Africa Fund and Envirofit have completed Ghana's first issuance and sale of transferable carbon credits for an improved...

President Duma Boko launched the Botswana Economic Transformation Programme (BETP) on June 15 BETP aims to cut diamond reliance by boosting services, investment, and sustainable growth It follows a 50% drop in diamond revenue and 27.6% unemployment, with labs and oversight tools to drive reforms Botswana President, Duma Boko, officially launched the Botswana Economic Transformation...

Ghana is in talks with TAP Portugal to revive a national airline Partnership options include technical support or equity stake The plan aims to boost trade and make Accra a regional aviation hub In its bid to strengthen regional connectivity and boost economic appeal, Ghana is exploring strategic partnerships to establish a national airline. After talks with the United Arab...

The report indicates that significant cuts to U.S. aid will likely lead to less favorable "strategic assets for support" agreements for low-income countries. This could make these nations more vulnerable to resource exploitation, ultimately harming local populations. Six African nations are among 17 least developed countries that have signed lobbying contracts with firms linked to U.S. President...

• Kuvimba Mining to begin construction in Q3 2025, production set fsor 2027• Project will add 600,000 tons of concentrate to growing national supply• Chinese-backed investments drive expansion despite weak global prices State-owned Kuvimba Mining plans to start building the Sandawana lithium mine in the third quarter of 2025, with production expected by 2027. The project is designed...