Key Highlights: • Kenya allocates $27 million to renovate 19 tea factories as part of sector reforms.• Producers can now sell tea directly on international markets, bypassing auctions.• Government targets major export expansion, with a goal to quadruple tea sales to China by 2030. Kenya, the world’s largest tea exporter by volume, is rolling out a series of reforms to strengthen...

Key Highlights: • Ghana requires approximately $6 billion in funding to implement comprehensive flood prevention and control measures.• Flooding annually impacts an average of 45,000 people in the country, according to the World Bank, with climate change projected to reduce the income of poor households by up to 40% by 2050. Floods hit about 45,000 Ghanaians every year, the World Bank...

Key Highlights: Nigeria plans to establish a real-time tracking system for all exported crude oil consignments to curb the losses Nigerian authorities move to implement mandatory registration of all crude oil shipments to enhance traceability Nigerian authorities are aiming to boost revenues gleaned from the oil and gas industry, a sector which makes up approximately 40% of the country's...

Laurent Gbagbo’s PPA-CI and Tidjane Thiam’s PDCI have joined forces to challenge what they call a rigged Ivorian presidential election process. Both leaders remain banned from the electoral list. Their parties accuse the government of bias and exclusion. On June 19 in Abidjan, PPA-CI and PDCI leaders met and launched a united front. The alliance, they said, gives them a strategic platform to...

(AfDB)-Kenya and Senegal have claimed the top spots in the African Development Bank’s 2024 Electricity Regulatory Index (ERI), demonstrating exceptional progress in power sector governance and regulatory outcomes. The comprehensive assessment, officially unveiled today at the Africa Energy Forum in Cape Town, evaluates regulatory frameworks across 43 African countries. Uganda, Liberia and...

African agriculture still faces barriers to food self-sufficiency. As mechanization drove the Industrial Revolution, digital technology now offers transformative potential in the Fourth Industrial Revolution. Ethiopia is seizing this opportunity with a bold new strategy. The Oromia Agriculture Bureau signed an agreement with Ethio Telecom on June 16 to deploy an Agriculture Value Chain Big Data...

Rwanda targets $335.4 million in private capital to strengthen climate resilience in agriculture The plan aims to support 170,200 farmers and 375 businesses through sustainable financing Investment focus includes irrigation, soil health, livestock, and post-harvest loss reduction In Rwanda, as in many Sub-Saharan African countries, agriculture remains largely dependent on...

West Africa’s regional exchange is exploring a shift from T+3 to same-day settlement Global markets are already adopting faster cycles like T+1 and T+0 Experts say the move could raise efficiency but also needs strong infrastructure As global stock markets continue to pick up speed, the West African Economic and Monetary Union (WAEMU) may soon follow suit. The Central...

Highlights: Moody's confirms confidence in Bank of Africa's Moroccan operations but raises concerns over asset quality in Sub-Saharan Africa BOA's diversification supports profitability but exposes it to high-risk markets like Burkina Faso, Mali, and Niger Doubtful debts reach 10%, though 88% are provisioned, and profitability remains steady Moody's has reaffirmed its confidence...

TAAG signs Boeing deal for fleet and tech upgrades. Includes training, digital tools, and local maintenance. Aims to boost Angola's aviation and economic role. TAAG Angola Airlines has taken a significant step in its development strategy, signing a cooperation protocol with U.S. aerospace giant Boeing at the 2025 Paris Air Show. This partnership aims to provide technical support to...