(AfDB) - One side event at the African Development Bank Group’s 2025 Annual Meetings unpacked the use of Artificial Intelligence (AI) as a powerful tool to advance inclusive and sustainable development across the African continent. Held under the theme: “The AI Revolution: How Will AI Support the Delivery of the African Development Bank’s 2024–2033 Ten-Year Strategy and the...

Angola seeks diverse alliances to tap $60 billion in hydrocarbon project needs U.S. firms ExxonMobil and Chevron deepen involvement in oil and gas sectors Country repositions post-OPEC exit to secure revenue and advanced technology Angola is stepping up efforts to diversify its energy partnerships following its December 2023 exit from the Organization of Petroleum Exporting...

Kenya accelerates airport infrastructure to expand freight capacity and exports Major projects underway at JKIA, Moi, and Eldoret to support trade growth Focus on agricultural exports amid rising regional competition Amid growing competition from Rwanda and Tanzania, both aiming to become key regional hubs for agricultural exports, Kenya is stepping up its strategy. The country is...

Highlights : EU and EIB provide CFA27 billion to fund Congo’s Digital Acceleration Project (PATN) Investment targets education, health systems, administrative interconnection, and youth training Project aligns with Congo’s digital strategy to close connectivity gaps and modernize services Congo’s digital transformation strategy continues to gain momentum with new...

President William Ruto signs law strengthening financial crime enforcement Reform addresses FATF gray listing and enhances oversight in real estate and mining Ten laws amended to meet international compliance standards Kenyan President William Ruto has signed into law a bill amending the country’s legislation on money laundering and terrorism financing. The measure, announced on...

Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Africa, Nigeria, and Namibia also ranked. Rankings mix data and executive views on economy and governance. Six African countries ranked among the world’s most competitive economies in the 2025 IMD World Competitiveness Ranking, released Tuesday, June 17, by Switzerland’s IMD Business...

Highlights: IDA grants $100 million concessional loan for urban mobility reform in Senegal Project to integrate BRT, TER, and formalized bus networks in Dakar Goal is to improve transport access for 3.8 million people and reduce congestion The World Bank has approved a $100 million concessional loan through the International Development Association (IDA) to support urban...

Highlights: Asante aims to raise $470 million through loans and equity for expansion Targeting 500,000 ounces of gold output by 2028 from Bibiani and Chirano mines Package includes $345 million from Appian Capital and Rand Merchant Bank Asante Gold is advancing a growth strategy to raise its annual gold production in Ghana to 500,000 ounces by 2028. As part of the plan,...

Wilmar to buy out PZ Cussons’ 50% stake in PZ Wilmar for $70 million Acquisition includes 26,500 hectares of plantations and a 1,000-ton/day refinery Nigeria’s rising demand and supply deficit drive Wilmar’s expansion strategy Singapore-based agribusiness group Wilmar is set to fully acquire PZ Wilmar, its Nigerian joint venture with British multinational PZ Cussons. The...

Five African producers to allocate 1% of rough diamond revenue to global campaign Agreement signed with key industry players to counter rise of lab-grown diamonds Campaign to be led by the Natural Diamond Council, supported by over $60 million Amid falling natural diamond sales and rising competition from synthetic stones, five African diamond-producing nations have pledged to...