• WAEMU’s foreign exchange reserves rose 42% in 2024 to reach CFA13.5 trillion• The jump was driven by stronger export earnings, rising gold prices, and a better external environment• The boost could give the regional central bank room to loosen monetary policy in 2025 Foreign reserves across the West African Economic and Monetary Union (WAEMU) reached a record CFA13.514 trillion ($23.4...

• The Trump administration has decided to close the Millennium Challenge Corporation, one of the main U.S. tools for development aid.• All ongoing programs are expected to stop, and partner countries will be formally notified within 40 days.• The move signals a broader U.S. withdrawal from global cooperation efforts, creating room for rival powers like China to expand their influence. The...

This cybersecurity incident involving MTN Group, one of Africa’s largest telecom providers, is important for several key reasons, especially given the growing digital footprint of users across the continent and the critical role MTN plays in financial and communication infrastructure. MTN Group has confirmed it experienced a cybersecurity incident involving unauthorized access to personal...

As telcos reinvent themselves as tech enablers for businesses, partnerships like this drive financial inclusion, accelerate digital economies, support sustainable urban development, and attract foreign investment by showcasing the region’s tech readiness. Vodafone Business and Maroc Telecom, part of the Emirates Telecommunications Group (e& &), have signed a Memorandum of Understanding (MoU)...

• New rule cuts tariffs on 5,516 non-sensitive products over 10 years• Côte d’Ivoire aims to boost trade within Africa and grow its economy• Move comes as global trade pressure rises, especially from the U.S. On April 23, 2025, the Ivorian Council of Ministers approved a new ordinance that will gradually lower import tariffs on thousands of products considered non-sensitive to the...

This intervention demonstrates regulatory foresight by the LTA and highlights the broader push for digital resilience in West Africa. It also reinforces the importance of regional cooperation in internet infrastructure to withstand shocks like cable cuts, which have disrupted entire countries in the past. The Liberia Telecommunications Authority (LTA) announced on Tuesday, April 22, scheduled...

Paladin Energy restarted uranium production at its Langer Heinrich mine in Namibia in March 2024. However, last month, the mine was flooded by heavy rains, forcing a temporary halt and prompting the company to withdraw its 2025 production forecasts. From January to March 2025—the third quarter of Paladin’s fiscal year—the mine produced 745,484 pounds of uranium, its highest quarterly...

The African Union says solid geological data is crucial for mining growth. It helps launch exploration programs and cuts investment risks. Nigeria wants to tap into $700 billion in mining resources to reduce its reliance on oil and gas. To do that, the government is fast-tracking geological mapping of its land. This is key to attracting investors and lowering exploration risks. Several...

Eurasian Resources Group (ERG), a major mining company operating in Africa, has firmly denied reports that it is negotiating a sale. The company is 60% owned by its founders and 40% by the Kazakh government, with significant copper and cobalt mining assets in the Democratic Republic of Congo (DRC) and Zambia. On April 21, ERG issued a statement rejecting claims that American investor James...

Alphamin Resources resumed mining at its Bisie tin mine in the Democratic Republic of Congo (DRC) after a month-long halt spurred by rebel advances. The company recently scaled down its 2025 output forecast–from 20,000 tons to 17,500 tons. Alphamin Resources has appointed a new CEO to head its tin mine in the DRC, the Bisie mine. The new boss, Jacobus van Heerden, will replace retiring CEO...