AfDB raised $3 billion in a two-part bond issuance in U.S. dollars. The deal included the Bank’s first-ever 10-year global dollar bond. Strong market demand showed confidence in the Bank’s leadership and credit. The African Development Bank (AfDB) has raised a total of $3 billion in a dual-tranche dollar bond issuance, which included the institution’s first-ever...

The NCC Digital Innovation Park in Ogun marks a major milestone in Nigeria’s digital future, showcasing a united federal and state commitment to building a skilled, tech-driven, and inclusive economy. The Minister of Communications, Innovation & Digital Economy, Dr. Bosun Tijani, has officially commissioned the Nigerian Communications Commission (NCC) Digital Innovation Park in Abeokuta, Ogun...

• Funding resumes after 2023 suspension tied to Uganda’s anti-LGBT legislation• Three new projects approved in social protection, education, and displacement• Bank cites “satisfactory” safeguards to mitigate law’s negative impact  The World Bank has resumed financing operations in Uganda, two years after suspending new funding in response to the country’s anti-LGBT...

Le Morne Brabant, a basaltic mountain rising 556 meters in the southwest of Mauritius, overlooks a landscape of striking natural beauty. More than a scenic landmark, it is a powerful symbol of the island’s history of resistance to slavery. During the 17th to 19th centuries, under French and then British colonial rule, Mauritius was a key stop along slave trade routes. Many Africans and...

• Ghana aims to secure LBMA license to boost refinery access to global markets• Reforms include gold traceability, miner training, and certified lab setup• Most artisanal gold activity remains informal, with $1.2B lost to smuggling  Ghana, Africa’s top gold producer with 4.8 million ounces declared in 2024, is seeking to elevate its position in the global bullion market by...

• Presidents Embaló and Anwar sign cooperation deal in agriculture, trade, education• Move aims to strengthen diplomatic and economic partnership• Bilateral trade reached $1.9 million in 2024, per ITC data Article: President Umaro Sissoco Embaló of Guinea-Bissau began a three-day official visit to Malaysia focused on reinforcing diplomatic and economic ties. On June 3, 2025, he and...

• South Africa earned $3.36 billion from agricultural exports in Q1 2025• Revenue rose 10% year-on-year due to higher volumes and global prices• Key exports included grapes, corn, apples, and wine South Africa generated $3.36 billion in agricultural export revenue in the first quarter of 2025, marking a 10% increase over the same period in 2024. The announcement was made on...

• IMF disburses $58 million under Extended Credit Facility in June 2025• Funds support fiscal reforms, digitization, and public service spending• Growth projected to rise to 3% in 2025 if reforms are swiftly executed The International Monetary Fund (IMF) has approved a $58 million disbursement for the Central African Republic (CAR) under the third and fourth reviews of its...

• Lottery authority Lonab to invest $5.2 million in Agricultural Bank of Faso• Move part of capital raise to expand lending to underserved farm sector• Lonab also investing in health and textile firms to diversify portfolio Burkina Faso’s government has authorized the National Lottery (Lonab) to acquire a direct stake in the Agricultural Bank of Faso (BADF), investing 2.6 billion...

• Global energy investment is expected to reach a record $3.3 trillion in 2025• Nearly two-thirds will go to low-carbon technologies like solar and batteries• Africa receives only 2% of clean energy funding despite having 20% of the world’s population Global spending on energy is expected to reach $3.3 trillion in 2025, marking an all-time high, according to the World Energy...