The announcement highlights the growing role of public-private partnerships in driving Africa’s digital transformation and underscores Comoros’ ambition to become a more connected, innovative, and inclusive digital economy. Yas Comoros, a subsidiary of AXIAN Telecom, announced on June 20 a major partnership with the International Finance Corporation (IFC) to boost digital infrastructure...

Highlights : • Nigeria secures €20 million from Germany to support its energy transition• The funds will promote renewables, expand infrastructure, and build skills• Nigeria targets 50% renewable electricity and wider energy access by 2030 Nigeria will receive €20 million in support from Germany to expand renewable energy and improve electricity access. The financing...

Highlights: • Kenya leads Africa’s 2024 Electricity Regulatory Index alongside Senegal• Strong reforms and governance praised but families face high electricity bills• Legal disputes over land charges could push Nairobi power prices up 30% The African Development Bank (AfDB) announced that Kenya shares first place with Senegal in the 2024 Electricity Regulatory Index (ERI) for Africa....

The Senegambian stone circles stand as one of the most remarkable archaeological legacies in West Africa, spread across parts of present-day Senegal and The Gambia. These megalithic monuments offer compelling evidence of ancient societies that mastered monumental architecture and expressed social and spiritual symbolism through enduring stone structures. Stretching across roughly 100...

Key Highlights Niger’s government has seized full control of SOMAÏR, its only active uranium mine, stripping Orano of its 63.4% stake. Officials accuse Orano of production misappropriation, mismanagement, and destabilizing local operations. The dispute follows a wider political rift between Niger and France after the 2023 coup, with arbitration now underway. Niger has nationalized its...

Key Highlights • Somalia inaugurates its first stock exchange, the National Securities Exchange of Somalia (NSES), in Mogadishu. • NSES will start trading in early 2026, focusing on stocks and sukuk, with support from the Ministry of Finance and Central Bank. • The exchange aims to deepen financial inclusion, attract diaspora capital, and integrate Somalia into East African...

Key Highlights: • Olam Agri to onboard 5,000 small-scale farmers in Kwara State under a new soybean supply initiative. • Partnership with IDH and Arzikin Noma offers credit, mechanization, and training to boost local production.  • The move supports a new 350,000-ton capacity oil extraction plant amid Nigeria’s booming edible oil market. Olam Agri, a subsidiary of Singapore’s...

Key Highlights• Ivory Coast ends TSDAR, a petroleum tax introduced in 2018 to reduce SIR’s debt.• Government to redirect two-thirds of revenue to electricity sector via new tax starting July 1.• Reform aims to support power grid upgrades and improve public service efficiency. Ivory Coast has scrapped a key petroleum tax used to pay down the debt of its national oil refinery, the...

Key Highlights: • Master Plastics receives undisclosed funding from Nedbank and Investec to expand sustainable packaging production. • Metier Capital Growth Fund III replaces Fund II in ownership shift, signaling a new growth phase. • Company targets African and international markets with focus on recyclable packaging and agro-tech. South African packaging firm Master Plastics has...

Key Highlights: • Sri Lankan textile group, Star Garments, inaugurates its first factory in Africa with an anticipated 4,520 jobs by 2030.• This $15 million project, backed by global lingerie provider Komar and International Finance Corporation (IFC), could position Togo as a regional cotton processing hub. Star Garments Group has officially launched its first African factory in Togo,...