ZTE took part in a 5G industry event hosted by Ooredoo Algeria in Algiers. The summit featured network tests and demonstrations of 5G capabilities. Operators are preparing the market ahead of a gradual rollout of 5G services. Chinese telecom equipment maker ZTE said on January 28 it participated in the 5G Vertical Industry Summit held in Algiers. The event was organized by...

The European Commission approved €9.6 million to fund new preparatory studies for the Egypt–Greece GREGY interconnection. The GREGY project plans a 3,000-MW subsea power cable spanning about 950 kilometers. The project aims to transmit renewable electricity generated in Egypt to Greece and the EU market. The European Commission announced on Tuesday, January 28, that it...

S&P rated Africa Finance Corporation A/A-1 with positive outlook Strong risk management, low NPLs support infrastructure-focused lender Shareholding highly concentrated, Nigeria-linked entities hold about 75% S&P Global Ratings assigned long- and short-term credit ratings of "A/A-1" with a positive outlook to Africa Finance Corporation (AFC) on Wednesday, Jan. 28. The rating...

Cameroon coffee export revenues tripled to 3.5 billion CFA francs Marketed output rose 10% in 2024-2025, NCCB data show Producer prices jumped for Arabica and Robusta The 2024-2025 coffee season signalled a clear recovery in Cameroon’s export revenues. According to the National Cocoa and Coffee Board (NCCB), the Free on Board (FOB) value of exports surged, more than tripling...

Corporate investment in Cameroon rose 28.5% in 2024, INS reports Firms shifted toward financial assets over physical production equipment Aging fixed assets increased, signalling slight deterioration in capacity Investment by companies operating in Cameroon maintained a steady pace throughout 2024. According to the report on the economic and financial situation of companies in...

Glencore issued 2026 copper guidance, withheld cobalt forecast amid uncertainty DRC cobalt exports constrained by quotas, copper production prioritized Rising copper prices support strategy as DRC output grew 10% in 2025 Glencore issued its 2026 copper production guidance on Thursday, Jan. 29, but gave no forecast for cobalt. The Swiss-based company said uncertainty remains too...

Mozambique central bank cut benchmark rate to 9.25% Inflation eased to 3.2% in December, supporting policy easing Thirteenth consecutive rate cut since January 2024 The Bank of Mozambique cut its benchmark interest rate to 9.25% from 9.50%, the central bank said in a statement on Wednesday, Jan. 28, 2026. The decision was based on expectations that inflation will remain in single digits...

EABL first-half net profit jumped 38% to 11.2 billion shillings Revenue rose 11%, helped by resilient volumes and lower finance costs Interim dividend raised 60% despite household income and cost pressures East African Breweries Plc (EABL) reported strong operating performance in the first half of its 2025/2026 fiscal year. The company posted a net profit of 11.2 billion shillings ($86.8...

Sonoco seeks undisclosed eight-year IFC loan for Guinea poultry project Integrated facilities planned near Kindia, Massayah, Sanoyah, operational by 2027 Project aims to cut poultry imports, boost local output from under 5% Société nouvelle de commerce (Sonoco), Guinea’s leading flour producer, is seeking a loan from the International Finance Corporation (IFC) to finance the...

Perseus Mining gold output fell 14% to 431,684 ounces in 2025 Lower production reported at Ivorian mines and Ghana’s Edikan Output dip aligns with mine plans ahead of Nyanzaga commissioning Perseus Mining produced 431,684 ounces of gold in 2025, representing a 14% year-on-year decline. The Australian company, which operates three mines in Côte d’Ivoire and Ghana, reported these...