The move aims to help stabilize the economy and allow the country to reclaim control over its production strategy. Highlights: ● Angola launched TotalEnergies-led Begonia and CLOV Phase 3, adding 60,000 b/d to national output. ● Country targets a stable production plateau above 1.1 million b/d by 2027, using existing offshore infrastructure. ● ANPG to offer 50 exploration blocks and...

New funding aims to boost Chad’s development plan and ease financial strain. Highlights: ● IMF to disburse $38.5M immediately as part of a four-year $625M program● Funds will back Chad's $30B “Connexion 2030” plan targeting 8% annual growth● Program follows mixed results from earlier $570M facility The International Monetary Fund (IMF) has approved a...

As Algeria ramps up efforts to digitize its economy, the new cable is expected to play a critical role in improving service delivery, boosting enterprise connectivity, and expanding access to global digital services. Sparkle, an international connectivity service provider, and Algérie Télécom, Algeria’s national telecommunications operator, have signed a Memorandum of Understanding (MoU) to...

Madagascar approved the $185M TALIM project (2025–2029) to improve school access and teaching quality. It targets 4.7M students, supports 26,000 teachers, and upgrades learning tools and infrastructure. Aims to address low student outcomes, undertrained staff, and disaster-damaged facilities. Madagascar’s Senate recently approved the Transforming Access and Learning in...

Morocco to invest $8.9B in 5G rollout, targeting 85% coverage by 2030. Plan includes fiber expansion and rural connectivity under Digital 2030 strategy. Aims to boost digital inclusion and sectoral transformation. Morocco's National Telecommunications Regulatory Agency (ANRT) announced an 80 billion dirham, or $8.9 billion, investment program to deploy 5G technology...

Ogun State and Arise IIP will build a $2B textile plant producing 350,000 metric tons of garments yearly. Set to begin in Sept 2025, the project aims to revive cotton farming via local sourcing. It targets growth in Nigeria’s stagnant cotton sector, which saw little change since 2004. Nigeria's Ogun State plans a new textile plant with pan-African industrial park developer...

Africa is one of the world's leading mining regions due to its diverse mineral resources. The continent draws interest for its gold deposits and critical minerals, but it also holds other rare and important metals. Africa holds about 30% of the world's critical mineral reserves, according to the International Energy Agency, or IEA. This classification primarily includes metals essential for the...

Angola launches new offshore projects adding 60,000 barrels per day. TotalEnergies leads both developments using existing infrastructure. Luanda targets over 1.1 million barrels daily and $60 billion in oil investment by 2030. The official launch on July 23 of the Begonia oil project in Block 17/06 and Phase 3 of the CLOV project in Block 17 marks another step in Angola’s...

Cenntro has signed a deal with Moroccan firm Electricove to build an EV assembly plant. The factory will assemble models like the Teemak and LS450 for Morocco and North Africa. Morocco aims to become a key electromobility hub, backed by strong auto export growth. U.S. Electric vehicle manufacturer Cenntro Inc announced last week a partnership with Moroccan company Electricove to...

Tanzania and Rwanda signed two cooperation agreements to boost farming and trade. One deal focuses on port access for Rwanda to lower freight costs via Tanzania. The two nations continue to strengthen ties in trade, transport, and regional growth. Tanzania and Rwanda have signed two cooperation agreements to strengthen their partnership in agriculture and trade, according to a July...