• CEMAC MFI Non-Performing Loans edge up 8.9 % to 178B CFA in 2024, regional review shows• BEAC study notes one member hosts 73.7 % of CEMAC’s 521 MFIs, influencing portfolio trends• Congo 9 %, Gabon 7 % join largest network in shaping sub-regional loan-quality metrics According to the Bank of Central African States (BEAC), non-performing loans in the Central African...

• Belgian investor Victoria Equity injected $6.2M loan, proposing share conversion that would dilute State control.• Minister Bussa urges matching funds to avert dilution, aligning with President Tshisekedi’s call for active State asset management.• Reopening of 387-room La Tour in Sept 2025 expected to double company's market value, making State's investment strategic. On July 25,...

• African Gold began a 40,000m drilling program at Didievi in Côte d’Ivoire, running through 2026.• Backed by Montage Gold’s \$6M investment, it targets Blaffo Guetto and nearby prospects.• Goal is to expand resources beyond 989,000 ounces, pending further studies and permits. African Gold announced Monday, July 28, it launched a new 40,000-meter drilling program at its Didievi gold...

• Ghana has terminated Rocksure International’s lease for the Nyinahin bauxite deposit, Reuters reported on July 28.• The $1.2B project with GIADEC aimed to build a mine and refinery; reasons for termination remain undisclosed.• Authorities may bring in a foreign partner, with Emirates Global Aluminium among the firms under consideration. Ghana’s Nyinahin bauxite deposit no longer...

What seemed like a routine administrative matter has drawn Madagascar into an international controversy. Five Boeing 777 aircraft, briefly registered with Madagascar’s Civil Aviation Authority for technical ferrying, ended up in the fleet of a sanctioned Iranian airline. The country’s aviation authority has called the move fraudulent and denies any involvement. The ongoing investigation...

After years of discussion, the plan for a rail connection between Botswana and Zambia is now entering a critical phase. This segment's development is part of a broader geoeconomic competition among regional corridors. The Mosetse-Kazungula-Livingstone railway project, which aims to link Zambia with Botswana, is entering a significant phase with the signing of a memorandum of understanding with...

Having stepped down as chairman of Dangote Sugar in June, Aliko Dangote is now also leaving the leadership of Dangote Cement. He is refocusing his efforts on the Lekki refinery, fertilizers, and petrochemicals—capital-intensive sectors where he maintains direct control. Aliko Dangote is no longer chairman of Dangote Cement. The board of directors approved the decision on Friday, July 25,...

In an era marked by sharp swings in commodity prices and global events that disrupt supply chains, the report underscores that transforming raw materials into higher-value products is fundamental for achieving a more prosperous and resilient economy. Forty-six of Africa’s 54 countries depend on raw material exports like hydrocarbons, agricultural products, and minerals. This is according to a...

(ETHIO TELECOM)-At a media event held at the Ethiopian Science Museum, Ethio Telecom CEO Frehiwot Tamiru presented the company’s 2024/25 fiscal year performance results, announcing a 72.9% year-on-year increase in total revenue and the successful completion of its three-year LEAD Growth Strategy. For the fiscal year running from July 2024 to June 2025, Ethio Telecom generated 162 billion...

• Angola and Portugal signed eleven agreements covering security, transport, education, and investment.• Lisbon increased its credit line to Angola by €750 million ($873 million) targeting infrastructure, energy, education, and health.• Bilateral trade reached $1.2 billion in 2024, reflecting deep historical and strategic ties. Angolan President João Lourenço reinforced...