• Spain will fund Casablanca’s seawater desalination plant with $381 million in financing• The plant will supply drinking water to over 6.7 million people and irrigate 5,000 hectares• Full capacity expected by 2028, making it the largest desalination plant in Africa Spain has committed $381 million to help finance the construction of a major seawater desalination plant in...

This initiative reflects ECOWAS’s commitment to a results-driven, people-centred digital transformation agenda. By laying the groundwork for a unified and inclusive digital market, the Commission aims to boost access to information, spur job creation, and enhance economic participation for millions across West Africa. On 7 May 2025, the ECOWAS Commission, in partnership with the World...

The partnership between Phase3 and Sonatel underscores a broader commitment to regional development through digital innovation. By linking their core networks, both companies aim to accelerate economic inclusion, digital sovereignty, and technological empowerment across ECOWAS countries. Phase3 Telecom, West Africa’s independent fibre optic infrastructure provider, in partnership with...

 Ocean warming and illegal fishing are shrinking fish stocks that millions rely on in West Africa.  Catches of small pelagic fish have dropped sharply in Ghana and Côte d’Ivoire since the 1990s. A Harvard report calls for job training and economic alternatives to protect fishing communities. Coastal fishing communities in West Africa are facing a serious crisis. A...

The Central African Republic raised CFA50 billion with full subscription on five bonds. Chad and Gabon saw mixed outcomes, with short-term debt drawing more investor interest. BEAC’s tighter monetary policy continues to shape CEMAC nations’ fundraising efforts. The Central African Republic stood out in April’s regional bond market activity with a 100% success rate across...

African Union launches 10-year strategy to transform food and farming sectors. Goals include raising farm output by 45% and cutting post-harvest losses by 50%. The plan targets CFA100 billion in investment and stronger food security. The African Union has officially launched a new strategy to transform agriculture across the continent. During a ceremony held on May 5 in South...

Burkina Faso’s investment arm will buy a 70% stake in Propharm for $241,583. The deal supports national goals to cut reliance on imported medicine. Propharm is the country’s first generic drug factory, launched in August 2022. Burkina Faso announced plans to 70% stake of local pharmaceutical company Propharm SA through its state investment arm, the National Deposits...

• MTN to distribute 1.2 million 4G smartphones at $5.42 for prepaid users.• Move supports South Africa’s plan to phase out 2G and 3G by 2027.• Critics question the program’s fairness and device quality. MTN South Africa will offer 1.2 million smartphones for just 99 rand (about $5.42) to its prepaid users. Announced on May 5, the initiative aims to speed up the use of 4G as...

In 2024, a relatively discreet company from Mauritius makes an impressive leap onto the international stage. Talenteum, specialized in remote talent outsourcing from Africa, is selected for the prestigious Seed Transformation Program at Stanford Graduate School of Business. This rare distinction marks a strategic turning point for the startup and a milestone for the broader Mauritian...

• Africa projected to see 17.8% growth in number of individuals with $10 million+ net worth by 2028.• This rate is more than twice the global average and higher than growth in North America and Asia.• Report credits rising infrastructure, natural resources, and expanding middle class as key drivers. Africa is expected to witness the fastest rise in the number of high-net-worth...