• $4 billion refinery to process 60,000 barrels/day by 2028• Alpha MBM and state oil firm UNOC lead Kabalega Industrial Park project• Training program launched to prepare over 1,600 Ugandans for oil sector jobs Uganda is expanding its oil development strategy beyond the EACOP export route with plans to build its first crude oil refinery. A deal signed in March 2025 with UAE-based...

• Agreement will supply modern machinery and certified seed units• ARC targets water-efficient, high-yield wheat varieties and better practices• Wheat area is shrinking while imports remain high at nearly 12 million tons Egypt’s Agricultural Research Center (ARC) signed a deal on July 16 with the Italian Agency for Development Cooperation (AICS) as part of efforts to improve national...

• Treasury secures CFA364 billion in oversubscribed bond issuance• S&P cuts Senegal’s rating to B- after discovery of hidden debt• Over CFA1,260 billion raised year-to-date on the WAEMU debt market The government of Senegal announced on July 15 it has raised CFA364 billion (about $644 million) through a syndicated bond issuance on the domestic financial market. This is the...

• Auto and agriculture sectors face steep losses under new U.S. trade measures• U.S. to apply 30% tariffs on South African imports starting August 1, 2025• Unemployment already near 43% when including discouraged job seekers The South African Reserve Bank (SARB) has warned that new tariffs imposed by the United States could result in the loss of around 100,000 jobs, especially in the...

Key Highlights • New national plan “Tchad Connexion 2030” earmarks $1.5 billion for digital transformation.• Government aims to boost internet penetration from 13.2% in 2025 to 30% by 2030.• Strategy includes infrastructure upgrades, telecom sector reform, and e-government services. Chad has unveiled a national development plan that includes $1.5 billion in digital...

Key Highlights • Hikma inks a $250 million loan agreement with the International Finance Corporation (IFC).• The funds will support local pharmaceutical production in North Africa and the Middle East.• The deal extends a partnership with IFC that began in 1987. Pharmaceutical group Hikma has secured a $250 million loan from the International Finance Corporation (IFC) to expand...

• Côte d’Ivoire projects record 1.5 million tons of cashew production in 2025, up 59% from last year• Growth driven by anti-smuggling efforts and higher farmgate prices, with 1.39 million tons already recorded• 100,000 tons remain unsold amid weaker Asian demand and U.S. tariffs on Vietnamese exports while stock quality is declining Côte d'Ivoire's cashew production is projected to...

• Loncor Gold has received an unsolicited, non-binding offer for a potential transaction involving its Adumbi gold project in DR Congo• A special committee is reviewing the offer; details and the investor's identity remain undisclosed• The move comes amid a strong gold market, with Adumbi holding 3.66 million ounces in resources Loncor Gold, operator of the $392 million Adumbi gold...

• Angola makes first standalone gas find at Gajajeira, part of new gas strategy• Discovery supports LNG expansion and shift to domestic gas use• Oil remains key; no development timeline announced yet Angola's announcement on July 12 of the Gajajeira gas field discovery marks a strategic milestone for the country. Drilled by the Azule Energy joint venture in Block 1/14 within the Lower...

• Zimbabwe to make Sugar Association the industry regulator under a revised Sugar Act• Aims to boost coordination, protect local market, and modernize the value chain• A 10-year plan is in development to tackle production challenges Zimbabwe intends to formalize the Zimbabwe Sugar Association, transforming it into the regulatory authority for the nation's sugar industry. The Herald, a...