• Senegal signs bus assembly deals with Chinese firms to renew 40,000 vehicles under Vision 2050.• Project to build local auto value chain, starting with 6,000 vehicle replacements in 5 years.• Supports industrial push tied to TER, BRT, and energy transition goals. Senegal is preparing for a new phase in its transportation modernization and industrial development strategy. On the sidelines...

• Desert Gold to acquire 90% stake in Tiegba gold project in Côte d’Ivoire• Deal includes $450,000 cash payment and 1.5 million Desert Gold shares• Company targets West Africa’s growing gold potential after Mali’s SMSZ project Desert Gold announced on June 23 it has signed an option agreement with Flower Holdings to acquire a 90% stake in the Tiegba gold project in Côte...

• Ghana promotes energy-efficient solutions through public-private partnerships• New investment program launched with TCL for high-performance appliances• Regulatory reforms aim to ease costs for industries hit by high electricity prices Ghana is positioning energy efficiency as a key pillar of its industrial development strategy. Local media reported on June 23 that the government plans...

• World Bank projects 5.9% GDP growth for Cape Verde driven by low-cost airlines• Inflation expected to stay low at around 2% thanks to falling fuel prices• Poverty rate seen dropping to 13.3% in 2025 and 11.2% by 2027 Cape Verde’s economy is expected to grow by 5.9% in 2025, according to the latest World Bank forecast. The report, released on June 23, highlights the entry of low-cost...

• Qatar’s Baladna plans dairy farm in Nigeria’s Ogun State, exploring land and feasibility with local officials.• Project aligns with Nigeria’s goal to double dairy output to 1.4M tons by 2030.• Nigeria’s $6.6B dairy market offers Baladna a key entry point in Africa. Qatari agribusiness group Baladna plans to establish a dairy operation in Nigeria’s Ogun State. Aidan Thomas...

• Gabon disputes CCC rating, cites reforms and April election.• Fitch flags high debt and deficits, despite recent relief steps.• IMF deal eyed for 2026, growth seen slowing to 2.2%. The Gabonese government responded on Tuesday, June 24, 2025, to Fitch Ratings' decision to maintain the country's sovereign credit rating at "CCC," a level indicating high credit risk. Authorities acknowledged...

• Nigeria to provide 1.5 trillion naira ($968 million) to recapitalize the Bank of Agriculture• Goal is to improve farmers’ access to credit and boost food production• 2025 agriculture budget increased by 123% to tackle food insecurity Nigeria will inject 1.5 trillion naira, about $968 million, into the Bank of Agriculture (BoA) as part of a major recapitalization plan aimed at...

• Ethiopia seeks $5B for UN development plan by 2030.• $6.5B deal signed, $1.5B already secured for SDGs and resilience.• Challenges persist despite 8.1% growth and UN support. Ethiopia aims to mobilize $5 billion to finance its new development cooperation framework with the United Nations by 2030. This funding is part of the 2025-2030 UN Sustainable Development...

• Mauritania launches e-commerce plan with GIZ to boost digital trade.• Connectivity lags due to high costs and weak rural coverage.• Cash, poor logistics, and social media sales limit growth. Mauritania is embarking on a new phase of its digital transformation by developing a national e-commerce strategy. The Ministry of Digital Transformation launched the initiative with technical...

(AfDB)-African leaders have called on Monday for an urgent review of U.S. tariffs on African exports, urging a shift towards transformative partnerships and investment in Africa’s economic potential. Addressing more than 2,000 government and business leaders, and other delegates at the U.S.-Africa business summit in the capital Luanda, Angolan President João Lourenço said: “It is time to...