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 ...

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 ...

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 fairness and device ...

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 ...

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. • ...

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 ...

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 ...

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 ...

Government kicks off project to repair rural telecom sites inactive for nearly two years • Overhaul led by Universal Access Fund and telecom regulator aims to bring back voice and internet in ...

General Partners say Africa will outperform other emerging markets over the next five years South Africa and Kenya top the list of attractive markets, ahead of Egypt and Nigeria Currency volatility ...