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...

• Government kicks off project to repair rural telecom sites inactive for nearly two years• Overhaul led by Universal Access Fund and telecom regulator aims to bring back voice and internet in hard-to-reach communities• Power shortages and infrastructure vandalism remain key challenges to sustainable service delivery The government of Liberia has launched a national project to restore and...

54% of global General Partners say Africa will outperform other emerging markets over the next five years South Africa and Kenya top the list of attractive markets, ahead of Egypt and Nigeria Currency volatility remains the biggest concern for investors in African private equity Africa is gaining momentum as a prime destination for private equity investments, according to a new...

Egypt signs a 50-year renewable agreement with Abu Dhabi Ports to build and run a new logistics and industrial zone First phase starts in late 2025, backed by $120 million in initial funding Project aims to boost trade, attract foreign investors, and create thousands of jobs Egypt’s Suez Canal Economic Zone is set to welcome a major new investment from the United Arab...

Rwanda launches KUBAKA, a new digital platform for building permit applications The system lets users apply, track, and receive permits entirely online Officials say it will speed up urban planning while reducing paperwork and in-person visits Rwanda has rolled out a new online platform that allows people to apply for building permits without ever setting foot in a government...

U.S. plans to pull out of the African Development Bank and African Development Fund, cutting $555 million from its contributions. The decision lands just as the Bank prepares a record $25 billion fundraising campaign for 2026–2028. The move could fast-track reforms that would allow the Fund to raise money directly from capital markets. The United States government...

Tanzania will now require all local transactions to be priced and paid in Tanzanian shillings. Foreign currency contracts face tighter restrictions, and tourists must use official channels to convert money. The move comes as the shilling weakens in 2025 after being one of the world’s strongest currencies in late 2024. Tanzania has banned the use of foreign currencies for...