• WAEMU posts 0.9% deflation in July, second month in a row• Food, hospitality prices drop; alcohol, education costs rise• Niger sees sharpest deflation; BCEAO keeps growth outlook strong The West African Economic and Monetary Union (WAEMU) recorded a deflation rate of 0.9% in July, marking its second consecutive month of deflation after a -0.2% rate in June, according to the latest report...

• Afreximbank, Shelter Afrique to mobilize $1B for housing projects• Deal includes training to boost project preparation capacity• Africa faces 51M-unit housing deficit, rising with urban growth The African Export-Import Bank (Afreximbank) and Shelter Afrique Development Bank have signed a strategic agreement to mobilize at least $1 billion for investment in housing and urban...

• Senegal approves $300M deal to solarize and modernize agriculture• Six-year BOT model includes energy transfer to local producers• Supports national food sovereignty plan, 90,000 job target Senegal's Ministry of Agriculture and Food Sovereignty endorsed a $300 million framework partnership agreement with The Cornerstone Group – Hajib Al Shams Joint Venture on Tuesday. Signed...

• ReconAfrica enters Gabon offshore oil with 55% Ngulu stake• Deal covers 1,214 sq km, includes Loba field, 28 prospects• Move diversifies portfolio beyond Namibia’s Kavango Basin Canadian company Reconnaissance Energy Africa (ReconAfrica) officially announced its entry into Gabon's offshore oil sector on Tuesday. The announcement was made following the signing of a production...

• Galiano Gold suspends Esaase pit after local-military clash• Abore pit, processing plant remain operational amid investigation• Esaase key to 2025 output; no change to production forecast Galiano Gold has suspended operations at the Esaase pit, which, along with the Abore pit, is part of the Asanko Gold Mine in Ghana. The Canadian mining company announced the suspension on Tuesday,...

• Airtel Africa begins building East Africa's largest data center• Kenya facility to offer 44 MW capacity, ready by early 2027• Nxtra expands across Africa amid rising cloud, AI demand Telecommunications group Airtel Africa announced on Tuesday that it has started construction on a new data center in Kenya through its subsidiary, Nxtra. The facility, touted as the largest of its kind in...

 Zimbabwe ethanol price doubles global average, raises fuel costs Green Fuel monopoly limits competition in ethanol supply Transport index hits record, fueling broader inflation rise Ethanol used in Zimbabwe's mandatory gasoline blend is sold for about $1.10 per liter, nearly double the international price of $0.50 to $0.70 per liter, according to data from...

Botswana tops Africa in IMD 2025 World Talent Ranking Kenya joins ranking; South Africa drops to 62nd place Switzerland leads globally; U.S. ranks 22nd, China 38th Botswana, Namibia, Kenya, Nigeria, Ghana, and South Africa are Africa's most attractive economies for talent, according to the 2025 World Talent Ranking published Tuesday by the International Institute for Management...

GoldBod signs $1B investment MoU with Stream Global TMCC Plan targets 300+ responsible mines, boosts gold output, jobs Ghana aims to curb smuggling, double gold exports by 2026 GoldBod, Ghana's state-owned gold marketing company, announced on Tuesday that it signed a memorandum of understanding in August with Stream Global TMCC. The agreement could mobilize up to $1...

Proparco granted BCI Guinée a $10 million senior loan to boost SME financing, adding to earlier $19 million trade finance lines. SMEs represent over 80% of Guinea’s formal businesses and contribute 18–20% of GDP. Guinea’s banking sector expanded private credit by 5% year-on-year to $2.56 billion in Q1 2025, while non-performing loans declined. BCI...