PAPSS launches platform performing direct currency conversion and fostering economic integration across Africa. The continent loses about $5 billion yearly due to lack of currency. In a bid to address the billion-dollar loss brought about by the diversity of currencies and regulatory environments in Africa, and the inconvertibility of currencies, the Pan-African Payment and...

Chinese firm Dowstone Technology to invest $165 million in a new copper smelter in the DRC. China imported 36% of its copper from the DRC in 2024, up from 10% in 2020. The DRC government seeks to reduce reliance on Chinese mining partners, who control 80% of operations. Chinese battery materials producer Dowstone Technology will build a $165 million copper smelter in the...

Somali President Hassan Cheikh Mohamoud visited Egypt to boost cooperation in political, economic, security, and military sectors. Discussions focused on regional security challenges in the Horn of Africa and the Red Sea. Bilateral trade more than doubled in 2024, reaching $127.73 million. Somali President Hassan Cheikh Mohamoud paid a working visit to Egypt on July 7, 2025,...

Zenith Bank is in advanced talks to acquire a tier-two bank in Kenya. The Central Bank of Kenya has raised capital requirements, triggering market consolidation. Zenith raised $228 million in early 2025 to support expansion across Africa. Nigeria's Zenith Bank is negotiating the acquisition of a mid-sized Kenyan bank, marking its first expansion into East Africa, sources...

• China approved soybean meal imports from Ethiopia on July 3, 2025.• Ethiopia exported 29,408 tonnes of soybeans to China in 2024, earning $18 million.• The deal strengthens Ethiopia’s agricultural trade position in Asia. Ethiopia has secured access to China's soybean meal market, marking a new phase in the two countries’ agricultural trade ties. On July 3, 2025, China’s...

• Nigeria launches VetWiz 2.0, an AI-driven app for livestock diagnostics.• Animal diseases cost Nigeria over $7 billion annually.• The tool supports rural farmers and national veterinary institutions. Nigeria is scaling up the use of artificial intelligence (AI) to fight animal diseases and boost productivity in its livestock sector, which contributes 35% to the country’s...

• Twiga Minerals contributed $558 million to Tanzania’s economy in H1 2025, 62% of its 2024 total.• The joint venture pays significant taxes and sources 90% of supplies locally, employing 95% Tanzanians.• Twiga accounts for 51% of Tanzania’s mining sector revenues and has contributed nearly $4.8 billion since 2019. Twiga Minerals, a joint venture between Barrick Mining...

• Paratus launches satellite connectivity for schools in 7 African countries• The solution includes Starlink hardware, local support, and 2 TB of monthly data• The program targets rural areas lacking digital infrastructure for education Pan-African telecom group Paratus, an official reseller of Starlink, has launched a satellite-based internet solution aimed at improving connectivity in...

• TotalEnergies to start production at offshore Ima gas project in 2026• Output will support LNG supply but broader sector issues persist• Infrastructure gaps and gas flaring remain key challenges to long-term growth TotalEnergies announced on July 2, that it will begin production from the Ima gas project in 2026, marking a step forward in Nigeria’s effort to better exploit its natural...

• New school to train engineers in AI and digital transformation fields• Initiative aligned with “Digital Morocco 2030” strategy targeting 100,000 trained youths annually• Project aims to boost national tech capacity and strengthen digital sovereignty Morocco is set to open a new higher education school dedicated to digital engineering and artificial intelligence. On July 4, Minister...