Burkina Faso’s investment arm will buy a 70% stake in Propharm for $241,583. The deal supports national goals to cut reliance on imported medicine. Propharm is the country’s first generic drug factory ...

The Central African Republic raised CFA50 billion with full subscription on five bonds. Chad and Gabon saw mixed outcomes, with short-term debt drawing more investor interest. BEAC’s tighter monetary ...

African Union launches 10-year strategy to transform food and farming sectors. Goals include raising farm output by 45% and cutting post-harvest losses by 50%. The plan targets CFA100 billion in ...

(Ecofin Agency) - • MTN to distribute 1.2 million 4G smartphones at $5.42 for prepaid users. • Move supports South Africa’s plan to phase out 2G and 3G by 2027. • Critics question the program’s ...

Africa projected to see 17.8% growth in number of individuals with $10 million+ net worth by 2028. • This rate is more than twice the global average and higher than growth in North America and Asia. • ...

Tanzania will now require all local transactions to be priced and paid in Tanzanian shillings. Foreign currency contracts face tighter restrictions, and tourists must use official channels to convert ...

Egypt’s Suez Canal Economic Zone is set to welcome a major new investment from the United Arab Emirates. On May 4, the General Authority for the Suez Canal Economic Zone (SCZone) signed a 50-year ...

Rwanda has rolled out a new online platform that allows people to apply for building permits without ever setting foot in a government office. Called KUBAKA, the platform is designed to end long wait ...

(Ecofin Agency) - By fostering strategic alliances and showcasing the nation’s digital potential on the global stage, the company is not only unlocking investment but helping shape a future where ...

U.S. plans to pull out of the African Development Bank and African Development Fund, cutting $555 million from its contributions. The decision lands just as the Bank prepares a record $25 billion ...

In 2024, a relatively discreet company from Mauritius makes an impressive leap onto the international stage. Talenteum, specialized in remote talent outsourcing from Africa, is selected for the ...