IsDB Group pledges $800M for Uganda’s climate resilience and human capital $500M from IsDB, $150M each from ICD and ITFC under new engagement framework Funds to support infrastructure, food security, and skills development Uganda has secured an $800 million national engagement framework with the Islamic Development Bank (IsDB) Group, aimed at buttressing economic...

Govt plans to raise minimum internet speeds to 25 Mbps down / 3 Mbps up Initiative supports economic growth, healthcare, education, and inclusion 4G, 5G, fiber and satellite tech to be used; 5G not yet launched in country The Namibian authorities are seeking to enhance connectivity as part of their digital transformation plan. In March, they had already initiated a fund aimed at...

The Centre is a timely response to both immediate threats and long-term digital development needs, enabling Nigeria to build a safer, more resilient digital ecosystem. The Federal Government has commissioned a Cybersecurity Centre at Bayero University (BUK) in Kano State, Nigeria. The facility, built by the National Information Technology Development Agency (NITDA) and announced on May 20,...

Pan-African program aims to train 1.2 million African youth over five years Focus on creative industries, with an eye on jobs, culture, and empowerment Success depends on local engagement, stable funding, and strong partnerships AFRIMA, the All Africa Music Awards organization, announced on Tuesday, May 20, in Addis Ababa, Ethiopia, the upcoming launch of a major training program...

Africa’s graphite production dropped to 120,000 tons in 2024, says IEA Civil unrest at Balama and issues at Lindi mine triggered the decline New projects in Malawi, Tanzania, and Madagascar may reverse the trend Africa accounts for 10% of global natural graphite supply. Despite China dominating nearly 80% of the graphite market, Africa could potentially expand its market share in...

$308M Boankra dry port aims to handle 2M tons of freight per year Project to ease pressure on Tema and Takoradi, boost regional trade Long-term success hinges on rail upgrades and fiscal sustainability Ghana bets on the Boankra Inland Port to advance its National Logistics Strategy. Worth an estimated $308 million, the logistics platform under construction near Kumasi in the...

Senegal secures $2.25 billion deal to boost energy, agriculture, and small businesses New trade financing agreements support food and fuel imports in West Africa Nigeria, Cameroon, and Algeria benefit from fresh support for private sector growth The International Islamic Trade Finance Corporation (ITFC), part of the Islamic Development Bank (IsDB) Group, finalized a series of...

Jetour and Egypt’s Kasrawy Group sign $123M deal for local assembly Plant to be built in October 6 City Industrial Zone on 86,000 sqm site Project supports Egypt’s goal to join Africa’s top 3 auto producers Egypt continues its automotive industry localization plan with partnerships involving several multinationals, underpinning its ambition to become a leading car...

CEO Jakob Stausholm to step down; succession process underway Stausholm joined in 2018, led the group since January 2021 No details shared on timeline or potential replacements Anglo-Australian mining group Rio Tinto revealed yesterday it has begun a formal selection process to appoint a new CEO. The announcement comes as current chief executive Jakob Stausholm is expected to leave...

U.S. revokes Harvard’s ability to enroll new international students over alleged misconduct. About 6,800 foreign students, including many Africans, must transfer or leave the country. Nigerian students, a major presence at Harvard, face serious disruption. The U.S. Department of Homeland Security announced yesterday it has revoked Harvard University's certification under the...