• Senegal launches $526 million bond amid stalled IMF program talks• Fixed rates offered: 6.60% (5 yrs), 6.75% (7 yrs), 6.95% (10 yrs)• Funds to support projects in education, health, energy, and infrastructure Senegal has launched a new bond issue worth CFA300 billion ($526.3 million) to finance key development projects following a standstill in its program with the International...

• FDSUT calls for increased funding to expand digital connectivity projects• 1,550 localities to be connected to 4G by 2028, reaching 2.6 million people• Projects include public infrastructure upgrades, app development, and digital training Senegal’s Fund for the Development of the Universal Telecommunications Service (FDSUT) is seeking additional financial resources to accelerate its...

• Global Atomic in talks for minority joint venture deal on Dasa uranium project• $295 million loan under negotiation with a U.S. development bank• Private placement launched to raise about $22 million for early site work Canadian mining company Global Atomic is in talks with an undisclosed partner for a joint venture on its Dasa uranium project in Niger. In a statement released...

• Kurudy Inc presents investment platform to Burkina Faso's digital transition minister• Platform targets strategic sectors: agriculture, real estate, mining, ICT, and energy• About 300 diaspora investors ready to fund viable projects Burkina Faso is advancing its digital transformation through partnerships aimed at modernizing the economy. As part of this effort, Minister of Digital...

• Perenco to invest over $200 million in new offshore platform to reach 100,000 bpd• Eni to build logistics hub to support FLNG operations and boost local manufacturing• Congo aims for 500,000 barrels oil equivalent per day by 2030 despite production decline Several oil and gas fields in the Republic of Congo have matured, weighing on national hydrocarbon output. Authorities are...

This partnership directly targets one of Africa’s most persistent development challenges: the lack of reliable and affordable internet access, particularly in rural and underserved areas. Tarana, the company behind next-generation fixed wireless access (ngFWA) technology, announced on June 17 a new partnership with Microsoft to accelerate internet access in rural and underserved communities...

• Norfund committed $163.9 million to Africa’s renewable energy in 2024• Funded 2,065 MW of new green capacity, reaching 750,000 households• Africa made up 68.2% of Norfund’s energy portfolio by end of 2024 Norfund reaffirmed its strong focus on Africa’s renewable energy sector. In its 2024 Annual Report, published on June 17, the company revealed a strategic commitment to...

$40 million solar project to power 209 schools and hospitals in Eastern Zambia Initiative part of President Hichilema’s clean energy strategy for underserved areas Project supports 2030 goal of 10,000 MW solar capacity and wider energy access Zambia has launched a $40 million solar energy project to install 50 megawatts of solar power across 209 public institutions,...

Ucamwal plans three new funds in Côte d’Ivoire, including Halal and women-focused options Two mutual funds—Ucamwal Diversified and Ucamwal Bond—already launched Projects target diverse investors and align with regional economic priorities United Capital Asset Management West Africa (Ucamwal), the Ivorian subsidiary of Nigerian financial group United Capital, is developing...

Burkina Faso to expand vocational education to support industrial growth Plan targets skilled labor shortages and youth unemployment Strategy seeks to align education with market demand and productivity As several African countries accelerate industrialization, vocational training is becoming a key tool for building technical skills and creating sustainable jobs. On June 14,...