South Africa’s insurance penetration reached 11.54% in 2024 Namibia ranked second with 7.41%, both above the global average Insurtech firms drive micro-insurance and digital inclusion across Africa ...

Senegal and Kenya signed a three-month visa waiver agreement to facilitate travel, trade, and tourism. Bilateral trade remains low at $4.5 million in 2024, according to the International Trade Center.

Coca-Cola HBC to acquire a 75% stake in Coca-Cola Beverages Africa (CCBA) for $2.6 billion. The deal could rise to $3.4 billion if HBC exercises its option to buy the remaining 25%. The acquisition ...

Drone strikes near Khartoum airport on October 21 raised security concerns ahead of the planned resumption of domestic flights on October 22. The airport’s reopening marks the first civilian ...

Operations at the Loulo-Gounkoto gold mine, Mali’s largest, reportedly resumed last week after a nine-month suspension, though neither Barrick nor Malian authorities have issued official confirmation.

Libya plans to raise crude oil production to 1.6 million barrels per day (bpd) by the end of 2026, up from 1.38 million bpd today. The state oil company NOC expects $3–4 billion in new investments to ...

Appian Capital Advisory announced a $1 billion fund backed by the International Finance Corporation (IFC) to invest in critical minerals projects, with a focus on Africa. The fund will finance mining ...

Moroccan firm CANNAFLEX achieved the first international sale of a cannabis-based medicine, prescribed to a patient in South Africa on October 17, 2025. The operation was conducted through a strategic ...

Air Tanzania launched direct flights from Dar es Salaam to Accra, a month after opening its Lagos route. The expansion aligns with the African Union’s Single African Air Transport Market (SAATM) and ...

Egypt launched a nationwide project to modernize export procedures using digitalization and artificial intelligence. The government allocated EGP 45 billion (about $947 million) in the current budget ...

Ethiopia to open banking sector to foreign investors, allowing up to 49% ownership while maintaining domestic control. New NBE directive sets strict limits: 7% for individuals, 10% for firms, and up ...

Afreximbank’s FEDA has led a $75 million equity investment into Spiro, Africa’s largest e-motorcycle deal, expanding the fleet from 60,000 to 100,000 battery-swap bikes by end 2025. Riders save an ...