• Glo launched a network upgrade plan after a 50% telecom tariff hike.• It aims to add 1,000+ 4G sites and adopt hybrid energy solutions.• With 20.6M users, Glo seeks growth in underserved areas to challenge MTN and Airtel. Nigerian telecommunications company Globacom, known as Glo, has launched a network improvement and expansion program, according to local media reports citing a company...

• Mali seeks $176M via WAEMU bond offering launched July 28, with 7- and 5-year tranches at 6.55% and 6.35%.• Funds aim to ease fiscal pressure amid flooding, mine shutdown, and 3.4% deficit in 2025.• Limited external access pushes Mali to regional markets, with debt at 52.6% of GDP. Mali's National Treasury is once again accessing the West Africa Economic and Monetary Union...

• September 2008 laws already set $185-$340 axle tax on trucks >3.5t, but never applied.• Kongo Central was picked first because Matadi port handles the bulk of the national freight.• FONER plans a September 2025 start after the August 15-September 5 FEC outreach campaign On July 23, 2025, the National Road Maintenance Fund (FONER) announced that it will start collecting the annual...

• Nigerian oil firms expand in Africa, led by FIRST E&P’s new deal in Tanzania.• Past ventures include projects in Equatorial Guinea, Uganda, and Namibia.• Local firms gain ground as global majors exit Nigerian oil assets. Nigerian oil companies are increasingly exploring new fields across Africa, venturing beyond their domestic borders. This emerging trend, though still small, became...

• Kenya plans tea export deal with Algeria, discussed at UN summit.• Part of effort to diversify markets beyond top 10 buyers.• Algeria's tea market is dominated by China, posing entry challenge. Kenya's Agriculture Minister Mutahi Kagwe met his Algerian counterpart for Foreign Trade, Kamel Rezig, to discuss adding Algeria as a tea export market. The meeting took place on the sidelines of...

• Tanzania opens Kwala dry port July 31 to ease Dar es Salaam congestion.• Rail link boosts trade with Rwanda, Burundi, and DRC.• Part of broader logistics and infrastructure upgrade. Tanzania is further strengthening its logistics system with the operationalization of the Kwala dry port, set for official inauguration on Thursday, July 31, 2025. Agreements for its operation were signed...

• M&A deals in African tech hit a record 29 in H1 2025, led by fintech and market consolidation.• 20 startups expanded regionally or globally, with Nigeria and Egypt leading.• Funding rose 78% to $1.42B; layoffs fell sharply, signaling recovery. Mergers and acquisitions (M&A) are becoming an increasingly important growth strategy for established African startups, which are...

The Medusa Submarine Cable System is a critical investment in the region’s digital future, especially at a time when demand for data and bandwidth is accelerating across Africa and the Mediterranean basin. On July 28, Nokia announced it will provide the technology backbone for the Medusa Submarine Cable System, a transformative subsea fiber-optic project owned by AFR-IX Telecom. The...

Treasury banned Bain for 10 years (2022-32) after probes found collusion with ex-SARS chief Moyane and President Zuma to cripple SARS. Staff fell from 135 (2016) to ~87; 60 % redeployed to a new global-services hub, ending client-facing work. Exit cedes market share to McKinsey, BCG and local Black-owned firms and warns global consultancies of lasting fallout from state-capture...

Africa’s 2024 FDI jumped to USD 97 bn (+75 %), but almost two-thirds came from Egypt’s USD 35 bn Ras El-Hekma smart-city; excluding it, growth was only 12 %. The continent secured barely 5 % of the USD 14 bn it needs yearly to close its connectivity gap and attracted just 18 new digital projects—far behind Asia’s 206. High capital costs and weak links between...