Sweden’s Jord AB secures 300 hectares in Sakar for bioenergy development, with plans to scale to 1,000 hectares The project will produce 50,000 tons of solid biofuel annually and support Senegal’s 40% renewable energy target by 2030 Local authorities expect strong socio-economic benefits, including job creation and land restoration Swedish energy company Jord AB has secured 300...

Senegal raises CFA196.8 billion ($339 million) through a three-year treasury bond Over 60% of funds came from Côte d’Ivoire investors, revealing Senegal’s narrow investor base The issue comes amid budgetary pressure, political transition, and IMF concerns over hidden debt Senegal has returned to the regional debt market, raising nearly CFA196.8 billion ($339 million) on May...

Kenyan government plans to divest part of its Safaricom shares to raise $1.15 billion by mid-2026 The initiative aims to finance the national budget under a broader privatisation programme Safaricom’s strong performance positions it as a key asset for attracting investor interest Kenya is preparing to sell part of its stake in Safaricom, the country’s largest...

ADF aligns with Islamic State and spreads recruitment across East Africa The group now operates beyond Congo, using bombings, raids, and smuggling Experts urge a regional crackdown on its support and financial networks A new report by the French Institute of International Relations (IFRI), released on May 21, warns that the Allied Democratic Forces (ADF) are no longer just a local...

Madagascar invests $2.2 million in airport upgrades as part of a broader €23.5 million modernization plan Ivato airport tarmac expansion is 80% complete; domestic terminal set for end-2025 completion Government aims to surpass one million annual tourist arrivals by 2028 Madagascar has made airport modernization a central part of its strategy to stimulate tourism and...

Tunisia and Iraq central banks sign cooperation protocol to advance banking oversight and digital payments The agreement supports financial inclusion, cybersecurity, and alignment with international standards Tunisia aims to enhance banking sector stability amid inflation control and regulatory tightening Tunisia and Iraq have signed a cooperation and coordination protocol between...

Minister for Communication, Digital Technology and Innovations, Samuel Nartey George (MP), has directed the National Communications Authority (NCA) and the Ghana Investment Fund for Electronic Communications (GIFEC) to provide a full briefing on mobile network service quality across the country. He also instructed both agencies to urgently convene a meeting with the Chief Executive Officers of...

Egypt and Germany sign a $134 million agreement to support education and wind energy projects €32 million will fund 25 Centers of Excellence and applied technology schools Total value of debt swap instalments between both countries now reaches $338 million Egypt and Germany have signed a financial cooperation agreement worth €118 million (about $134 million)...

French retailer Casino partners with Morocco’s H&S Invest Holding to open 210 Franprix and Monoprix stores by 2035 The move follows a similar agreement in Egypt to launch 30 stores by 2028 Casino’s expansion strategy aligns with the booming MENA retail market, projected to hit $1.4 trillion by 2032 Casino Group, one of France’s leading mass-market retailers, has...

French agricultural exports to Africa declined by 2% in 2024 to $5.8 billion, a loss of about $114 million Sub-Saharan Africa saw the sharpest drop due to lower wheat imports and rising competition North African imports held steady, though political tensions affected trade with Algeria In 2024, Africa remained the third-largest market for French agricultural exports...