Sabodala-Massawa and Mako are the two industrial gold mines currently active in Senegal. The mines are managed by Endeavour Mining and Resolute Mining. Enthralled by the global spike in gold prices, various companies are considering developing a third mine in the country. Thor Explorations plans to finalize the pre-feasibility study and update its mineral resource estimate for the Douta gold...

Valued at $700 billion, Nigeria's mineral resources include iron, lithium, gold, and coal. To tap into this potential, the country launched several reforms in its mining sector, which currently contributes less than 1% to GDP.  From November 6 to 9, 2024, the Nigerian Embassy in South Africa hosted the inaugural Nigerian Mining Investment Forum. During the event, Nigerian Minister of...

Expanding broadband access in Africa is critical for several reasons, especially given the existing digital divide that hinders economic and social development in underserved communities.  Internet service provider Fibertime has signed a partnership with Nokia to bring affordable broadband access to underserved communities in South Africa. Through this collaboration, announced on November...

The Emerging Africa & Asia Infrastructure Fund (EAAIF) and the Dutch entrepreneurial development bank (FMO) acting as Co-Mandated Lead Arrangers, alongside Deutsche Investitions- und Entwicklungsgesellschaft mbH (DEG), have announced today a EUR 84 million investment in two photovoltaic solar plants with battery storage systems operated by AXIAN Energy in the southern Senegalese region of Kolda....

While renewable energy has become the top choice for unlisted investments, more work is needed to remove financial and structural barriers. Analysts say strengthening regulations, encouraging public-private partnerships, and building local skills are key steps to support growth in this sector. In 2023, renewable energy attracted 37% of unlisted investments in Africa, marking a significant shift....

The program is part of developed countries' commitment—those that produce the majority of carbon emissions—to provide funding to emerging or developing countries in exchange for commitments to reduce the share of fossil fuels in their energy mix. Senegal is set to reengage in a $2.7 billion energy transition plan, financed by developed countries, at the 29th United Nations Climate...

Seeds, at the heart of food systems, support a $3,000 billion value chain. In the face of the challenges posed by climate change, this sector has become crucial to guaranteeing food security. Against this backdrop, Africa, faced with the need to strengthen its agricultural resilience and food self-sufficiency, is seeking its place in a constantly evolving global seed market. To achieve this,...

Under pressure to meet African governments' funding needs, banks are increasingly turning to public debt. This trend, known as the "crowding-out effect," limits credit access for the private sector and raises concerns about growing risks for the banking system. African banks have increasingly prioritized government debt over loans to businesses over the past decade, according to the "Finance in...

The deployment of submarine cables enhances high-speed connectivity. This infrastructure is pivotal for the development of smart cities, digital governance, and expanding tech ecosystems across the continent, driving economic growth and innovation. Telecom Egypt has announced the addition of a new fibre optic submarine system to its inventory of high-speed telecoms infrastructures....

Tunisia’s government is planning a state budget of over $25 billion for 2025, with an economic growth target of 3.2%. The forecast relies on an estimated Brent crude oil price of $77.4 per barrel to support this growth. Prime Minister Kamel Maddouri shared last week that the government expects a 5.7% increase in budget revenues for 2025. He spoke before the Assembly of the People’s...