IFC to provide a $120 million guarantee for SME loans in six African countries Two dedicated funds will support agriculture and small business financing Program includes advisory support with a focus on women-led enterprises The International Finance Corporation plans to provide a $120 million guarantee to microfinance group Baobab to cover risks linked to loans granted to small...

Algeria likely received Russia’s Su-57E, according to various media and analyst coverage. Evidence is strong, though still yet to be confirmed. Such an export would signal Russia’s determination to maintain its status as a top-tier arms supplier in the country Russia has indicated that its most advanced fifth-generation fighter jet, the Sukhoi Su-57 (export version Su-57E), has finally...

Chinese Premier Li Qiang visits Zambia to strengthen bilateral cooperation Talks focus on trade, investment, transport, energy, mining, and technology Both countries advance projects including TAZARA modernization and trade agreements Chinese Premier Li Qiang is on an official visit to Zambia on November 19, and November 20 at the invitation of President Hakainde Hichilema to deepen...

Reserves reach $46.7 billion, covering 10.3 months of imports Naira sees a brief appreciation despite long-term depreciation Rating upgrades and lower inflation bolster financial outlook Nigeria’s gross external reserves reached $46.7 billion on November 14, 2025, according to a Central Bank of Nigeria announcement on November 18. The increase provides 10.3 months of import...

Companies lose up to 20% of annual revenue due to poor data management, driving demand for Big Data engineers. Big Data engineers earn between $28,850 and $130,000 annually depending on the region. Africa holds less than 1% of global datacenter capacity and 0.5% of the global cloud market, hampering sector growth. The global surge in cloud computing, the Internet of...

MTN Cameroon generated 9.87 billion rand (CFA321 billion) in revenue in the first nine months of 2025, up 20.4% year-on-year. The subsidiary improved its EBITDA margin by 4.9 percentage points to 44.2%. MTN Cameroon reached 12.77 million subscribers as of 30 September 2025. MTN Cameroon continued its commercial momentum in 2025. The group reported that the Cameroonian unit...

Gabon launched a $180 million, 10-year conservation plan to protect 34,000 km² of tropical forests. The “Gabon Infini” program will raise protected forest coverage from 15% to 30%. The plan combines $94 million in external financing and USD 86 million in public contributions. The Gabonese government, backed by international donors, launched a 10-year conservation...

Nigeria’s rice processors face heavy pressure as large volumes of imported white rice enter the country through Benin. Kiara Rice Mills operates Africa’s largest rice-processing facility with a 350,000-ton annual capacity. Indian parboiled rice exports to Benin reached $400 million in the first half of 2025, up 22% year-on-year, according to the USDA. Nigeria remains Africa’s...

Ivanhoe Mines produced first concentrate at Platreef on Nov. 18, marking the official start of Phase 1 operations. Phase 1 will produce 100,000 ounces of 3PE+Au annually, plus nickel and copper by-products; Phase 2 will lift output to 450,000 ounces. The company seeks to secure a US$700 million investment to launch the next phase of expansion by 2027. Ivanhoe Mines on Tuesday...

Egypt’s new offshore field West El Burullus started output at 45 million cubic feet per day, with a target of 75 million cubic feet per day after two additional wells. Egypt’s gas demand averaged 6.03 bcf/d in April 2025, while supply reached only 3.48 bcf/d. Production at Zohr, the country’s largest field, continues to decline as it reaches maturity, intensifying supply...