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.
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 ...
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 ...
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 ...
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 ...
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 ...
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 ...
World Bank commits $2B to Uganda for development projects Funding resumes after 2023 suspension over anti-LGBT law Uganda also negotiating new IMF credit deal post-elections Uganda will receive $2 ...
Hop Lun acquires three lingerie factories in Morocco Expansion boosts access to EU via trade agreement Marks firm's first manufacturing entry into Africa Hop Lun, a Hong Kong-based Chinese lingerie ...
The Fund for Export Development in Africa (FEDA), the development impact investment arm of African Export-Import Bank (Afreximbank), has announced a $75 million investment in Spiro, the leading ...
South Africa, Mauritius top 2025 Africa financial markets index Only 9 of 28 markets improved scores amid global uncertainty Rwanda, Ethiopia posted biggest gains; Cameroon saw largest drop South ...