• Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo • License award comes on stream as part of the national strategy for digital development aimed at enhancing infrastructure and boosting digital economy  The Algerian government officially awarded commercial 5G licenses to the country's three main telecom operators - Mobilis, Djezzy, and...

• The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit Facility program to roughly $1.87 billion. • The new package will help Ethiopia implement its local economic reform program targeting macroeconomic imbalances and underpinning private sector-led growth. The agreement with Ethiopia in the...

• ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project• Lagos-Calabar highway seen boosting regional trade and investment• Part of broader plan to modernize Nigeria’s transport infrastructure Nigeria has secured a $100 million loan from the ECOWAS Bank for Investment and Development (EBID) to help finance construction of a 47.7-kilometre section of the Lagos-Calabar...

• IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema• Sector could grow to $20 bln annually and create 20 mln jobs with better funding and regulation• Nollywood and other industries remain underfinanced and vulnerable to piracy losses African film producers currently face limited and difficult-to-access financing, obstructing the growth of the...

• IFAD initiates a program worth $358.26 million to bolster dairy sector in Kenya, Rwanda, Tanzania, and Uganda • The program, called DaIMA, aims to strengthen the resilience of dairy systems, with a direct anticipated impact on 2.5 million people In East Africa, livestock farming is one of the main sources of revenue for small-scale farmers. As investment in the dairy sector...

• Two-year initiative targets women-led SMEs in Kenya, Tanzania and Uganda’s green sectors.• Program to deliver training, coaching and easier access to financing for four cohorts of entrepreneurs.• Aims to tackle climate change and gender gaps in employment through sustainable businesses. In response to the challenges of climate change and high unemployment among women in East Africa, a...

• BRICS plans a guarantee fund to reduce political and financial risks in developing countries.• The fund will be managed by the New Development Bank (NDB) and unveiled at the July 2025 Rio summit.• The initiative draws on the World Bank’s MIGA model to attract private capital for infrastructure projects. The BRICS coalition—comprising Brazil, Russia, India, China, South Africa, and...

• Mailo solar plant begins feeding 25 MW into Zambia’s grid, part of a 110 MW project.• Zambia aims for 50% electricity access by 2030 with 1,000 MW of solar by end-2025.• AfDB report urges stronger regulation as rapid growth outpaces oversight. Zambia took a major step toward its energy goals with the Mailo solar power plant starting production. Since June 30, the plant has injected 25...

• ENGIE installs 15 mini-grids with 1.4 MW capacity in three Nigerian states.• Project aims to cut diesel use and reduce CO₂ emissions by 33,000 tonnes.• Abu Dhabi’s Ignite Power plans to acquire ENGIE Energy Access for expansion. ENGIE Energy Access has commissioned 15 solar mini-grids across Niger, Kogi, and Nasarawa states in Nigeria. These grids, with a combined capacity of 1.4...

• Pipeline resumes crude flows after May 24 leak halted supply.• Repairs highlight Libya’s urgent need to modernize 1960s-era pipelines.• NOC estimates $17 billion needed to boost production to 2 million b/d. The pipeline linking Libya’s Hamada oil fields to the Zawiya refinery has resumed operations after more than two months of repairs following a leak on May 24 that forced an...