Africa lost $611B in farm output to disasters since 1991, FAO reports West Africa hit hardest, losing 13.4% of agricultural GDP to climate shocks FAO urges digital tools to boost resilience, citing successful aid examples Africa lost an estimated $611 billion in agricultural production between 1991 and 2023 due to natural disasters and climate hazards, according to...

CAR Treasury returns to market, seeks up to $88.4M via new bond lines Three- to five-year bonds to fund $12.8B national development plan 2025 fundraising goal nearly met, latest issue likely to surpass target The Central African Republic’s (CAR) Public Treasury returned to the CEMAC financial market on Monday, November 17, 2025. It launched a new debt issuance on...

Senegal cuts 2026 health budget by 18.7% amid fiscal tightening Reduction linked to ministry restructuring and end of external projects Sector faces staff shortages, rising disease cases, but ongoing reforms continue Senegal has allocated 217.27 billion XOF (more than 384.52 million dollars) to the Ministry of Health and Public Hygiene (MSHP) for the 2026 budget. This...

Kenya studies Geographic Indication for tea to boost global market value French-backed review explores origin-based branding and collective trademark options GI aims to close revenue gap with China, Sri Lanka despite higher export volumes Kenya is conducting a feasibility study to assess whether specific tea production zones could benefit from a Geographical Indication (GI),...

MTN partners with Microsoft to roll out AI tools from 2026 Copilot and Microsoft 365 to boost learning across MTN user devices MTN shifts toward digital inclusion, targeting youth and small businesses African telecommunications group MTN announced a new collaboration with U.S. technology firm Microsoft Corp. on Monday. The partnership aims to give MTN users easier access to artificial...

Senegal approves $1.75B education budget for 2026, up 1.6 percent Over half allocated to administration; rest funds core education programs Priorities include teacher training, rural access, and curriculum reform Senegal has adopted a 990.75 billion XOF (about 1.75 billion dollars) budget for the Ministry of National Education in 2026. The approval came on Thursday, November 13,...

Syrah secures $8.5M from DFC to support Mozambique graphite mine Balama mine runs below capacity due to graphite oversupply, low prices Total DFC funding reaches $68M; further disbursements under discussion Syrah Resources Ltd. announced on Monday that it has secured an additional 8.5 million dollars disbursement under its loan facility with the U.S. International...

Côte d'Ivoire keeps BB/B rating, but Senegal debt exposure flagged Ivorian banks now key conduit for risky Senegalese bond financing S&P sees limited contagion, but rising regional stress is a concern S&P Global Ratings has affirmed Côte d'Ivoire's sovereign credit rating at 'BB/B' with a stable outlook. The agency warned, however, about the growing exposure of Ivorian...

(TRANSFORM AFRICA SUMMIT) - On the second day of the Transform Africa Summit 2025, held under the theme “AI for Africa: Innovate Locally, Impact Globally,” Guinea moved from being an exemplary host to taking the lead in driving Africa’s digital transformation. The day was highlighted by the official launch of Pillar 3 of the Simandou 2040 Program and the rollout of TELEMO, a national...

Government targets 4,500 additional zones for mobile coverage by 2027 Second phase focuses on villages and rural areas with 500–2,000 residents Authorities also push fiber rollout and wider use of the Alcomsat-1 satellite Algeria plans to extend mobile network coverage to 4,500 additional areas by 2027. The announcement was made on November 15, by Sid Ali Zerrouki, Minister of Posts and...