BEAC introduces new USD transfer procedures from CFA franc accounts, effective July 22, 2025. Reform aims to streamline international payments and clarify processing timelines. Only transfers from local currency accounts are impacted—not foreign currency accounts. The Bank of Central African States (BEAC) has rolled out new rules to govern international transfers in US dollars...

Ghana to inject €4 million into PBC Shea Ltd with AfDB support. Processing facility inactive since 2019 due to lack of raw material funding. Government aims to ban raw shea exports by 2026 to boost local value. Ghana will inject €4 million ($4.6 million) into the country’s shea sector with backing from the African Development Bank (AfDB). The funding targets the...

The collaboration brings together ATU’s member states and AfriLabs’ network of innovation hubs to strengthen digital infrastructure, foster local tech solutions, and support inclusive economic growth. AfriLabs, an African network of innovation hubs, has signed a Memorandum of Understanding (MoU) with the African Telecommunications Union (ATU), the specialised organ of the African Union in...

• Syrah resumes graphite exports from Mozambique’s Balama mine after six-month halt.• Initial 10,000-tonne shipment underway, with more to U.S. by Q3.• Output to remain demand-driven amid weak global graphite prices. Syrah Resources has officially resumed graphite exports from its Balama mine in Mozambique, the largest in Africa. The company confirmed the news in a statement released on...

• Nigeria to double soybean farmland by 2026, targeting 460,000-tonne output boost.• New strategy includes seed, soil, and private sector support; no action plan yet.• Production dropped 14% since 2021, prompting first U.S. imports in six years. Nigeria's government plans to allocate an additional one million hectares of farmland to soybean cultivation over the next two years. This is part...

Non-bank institutional investors, though still a minority, are increasing their presence in the West African Economic and Monetary Union (WAEMU) public securities market. They are capitalizing on renewed interest in medium and long-term bonds and a more favorable investment environment. Non-bank institutional investors are starting to gain a foothold in the West African Economic and Monetary...

The country bets on improved logistics to become a regional hub amid rising mineral demand and port congestion in South Africa. Highlights France and EU back €144M project to double key rail line linking Maputo to South Africa. New capacity will increase freight volumes to 19 million tonnes per year. Government plans $219M investment by 2030 to modernize rail and port...

Africa is becoming a major destination for Russian fuels facing international sanctions. The continent is importing more of these inexpensive products, but their quality and environmental impact are unclear because of insufficient standards and oversight. Nigerian businessman Aliko Dangote on Tuesday condemned the large influx of deeply discounted Russian fuels into Africa. Speaking at the "West...

In this interview with Agence Ecofin, Abdourahman Ali Abdillahi, CEO of Air Djibouti, discusses the national carrier's unprecedented choice to voluntarily contribute to Djibouti’s sovereign carbon registry. He explains how this innovative mechanism operates, its concrete benefits, and the company's wider strategic vision for ecological transition, regional development, and economic sovereignty....

The fintech leaders primarily emerge from Nigeria, Egypt, Kenya, and South Africa, nations recognized for having the continent’s most developed and well-funded technology ecosystems. Ten African financial technology companies have earned a place in the "World’s Top Fintech Companies: 2025," a global ranking announced on July 16, 2025. Compiled by U.S. broadcaster CNBC in collaboration with...