• IMF to disburse $194 million to Zambia under the Extended Credit Facility• Despite drought, real GDP growth in 2024 is estimated at 4%, up from 1.2%• Total IMF support under the ECF to reach $1.5 billion after latest tranche Zambia is set to receive a $194 million disbursement from the International Monetary Fund (IMF) following the approval of recent reviews under the...

• HoldiPharma and US-based Dawah Pharma to launch a pharma export joint venture• Dawah will hold 60%, HoldiPharma 40%, with initial focus on US-approved supplements• The JV targets expansion into regulated markets like North America and Europe Egypt’s state-owned pharmaceutical group HoldiPharma has signed a partnership with US-based Dawah Pharma to create a joint venture focused on...

• Tunisia to receive €160 million from the EBRD for rail upgrades• The total investment of €185 million includes €25 million from the state• Upgrades target safety, efficiency, and freight capacity in key regions Tunisia is entering a new phase in the modernization of its rail network, supported by fresh funding from the European Bank for Reconstruction and Development...

AfCRA, a privately owned agency, is set to begin operations by September 2025 It will focus on rating local currency debt for African states and institutions The initiative aims to offer a regionally accurate alternative to global rating firms The African Credit Rating Agency (AfCRA), a privately owned financial rating body, is expected to begin operations by September 2025. The agency...

Located in the Seychelles archipelago, over 1,100 kilometers southwest of Mahé, Aldabra is one of the largest coral atolls in the world. It is composed of a ring of four main islands surrounding a vast, largely inaccessible lagoon. This geographic isolation has played a significant role in preserving its natural environment, which has remained mostly untouched by human activity. Aldabra was...

• AFC identifies $4 trillion in African funds that could finance infrastructure• Most assets sit in low-yield, short-term investments outside the continent• Reforming financial systems and markets seen as key to unlocking capital Africa has over $4 trillion in domestic capital that could be mobilized for infrastructure development, according to the Africa Finance Corporation...

• WAEMU’s inflation dropped from 2.2% in March to 1.5% in April 2025• BCEAO attributes the decline to falling food, housing, and transport prices• Mali posts highest inflation; BCEAO cuts policy rate to 3.25% The West African Economic and Monetary Union (WAEMU) kept its inflation within the Central Bank of West African States (BCEAO)'s target range of 1–3%. In March 2025, the rate...

• African green hydrogen exports to Europe could face higher costs than projected• Study warns current models overlook country-specific investment risks• Only 2.1% of potential African sites may reach competitive price targets by 2030 Producing green hydrogen in Africa and shipping it to Europe may turn out to be more expensive than initially thought, according to a new report released on...

Rektron and Afritel plan to buy 60% stake in state-owned telecom operator AT Deal aims to revive AT’s performance and expand network coverage Market share fell to 7.89% in 2024; operator faces $342M in debt Canadian firm Rektron Group plans to acquire a 60% stake in Ghana’s telecom operator AT, partnering with local company Afritel. The announcement, made on June 4,...

IFC to acquire stake in KERA Health, an AI-based e-health platform in Senegal Funding to support digitized health services expansion across WAEMU region Project aims to lower patient costs and improve care for informal workers, women The International Finance Corporation (IFC), a member of the World Bank Group, has announced plans to invest up to $10 million in KERA Health...