• Dangote Group to build urea and nitrogen fertilizer plant in Somali region.• Ethiopia aims to reduce fertilizer imports and boost local production.• Construction to take 40 months, with $3 billion investment expected. Ethiopia has approved a deal with Nigerian billionaire Aliko Dangote to build a major fertilizer plant, aiming to slash the country’s dependence on imports and meet...

• Sante Fe Minerals signs deal to acquire Eburnea gold project from Turaco Gold.• Transaction gives Sante Fe full or majority stakes in Satama and Bouaké North permits.• Ivory Coast’s stable business climate continues to attract new mining investors. Sante Fe Minerals, an Australian company listed on the ASX, has signed a binding agreement to acquire the Eburnea gold project in Ivory...

Gabon is targeting deepwater oil to offset declining output, now at 200,000 b/d Investor-friendly reforms and better data access are driving offshore interest Plans include a refinery upgrade and floating LNG unit to boost gas output Gabon's Ministry of Petroleum is reviving efforts to promote its offshore blocks, with an official announcement made on Wednesday, July 2. The focus...

MTN Nigeria launched a 100 million naira startup accelerator starting September The 12-week program offers funding, mentorship, and tech access  It supports MTN’s broader push for digital skills and innovation in Africa MTN Nigeria opened applications on Wednesday, July 2, for its "From Africa, for Africa" accelerator program, set to begin in September. Backed by a 100...

Rebel violence cut Bisie tin mine’s Q2 output to 4,106 tonnes, 21% below target H1 production hit 8,376 tonnes, 47% of Alphamin’s 2025 goal Continued operations depend on improved regional security Bisie, the Democratic Republic of Congo’s largest tin mine, produced 4,106 tons of tin in the second quarter of 2025. This fell 21% short of its initial 5,000-ton target for the...

Egypt opened Africa’s largest wind farm, raising Gulf of Suez capacity to 912.5 MW. Pro-investor policies have driven Egypt’s 340% renewable energy growth since 2015. Despite vast wind potential, most African nations lag due to weak regulatory support. Egypt officially inaugurated what is being called Africa’s largest wind farm, the Gulf of Suez Wind Farm II (650 MW), with...

BEAC granted Afreximbank the first-ever foreign access to the CEMAC public securities market. Cameroon raised $359.3 million via a euro-to-CFA swap to issue local Treasury bonds. All bond tranches fully subscribed, backed by 6.5-7.5% yields and a strong repayment record. For the first time, the Bank of Central African States (BEAC) has granted a foreign financial institution...

The World Bank convened a series of meetings in Brazzaville, Congo, in May, bringing together key economic stakeholders, including finance ministers, from the Economic and Monetary Community of Central Africa (CEMAC). Following these discussions, Ethiopis Tafara, IFC Vice President for Africa, was interviewed by Ecofin Agency.  Ecofin Agency: Could you tell us about the main projects IFC is...

The MTN Nigeria Dabengwa Tier 3 Data Centre is more than just a physical infrastructure project — it’s a foundational investment in Nigeria’s digital future. It enhances data sovereignty, reduces operational costs for businesses, supports local innovation, and solidifies Nigeria’s role as a digital leader in West Africa. MTN Nigeria launched, on July 1, the Dabengwa Tier 3 Data Centre in...

• South Sudan initiates a $58 million, four-year project to transform basic education nationwide.• The program aims to directly benefit over 300,000 students and indirectly reach 600,000 others, focusing on girls and marginalized groups.• The initiative is supported by the Ministry of General Education, GPE, UNICEF, and other international partners. South Sudan launched on July 2...