News

Uganda expects 8% yearly GDP growth, driven by oil, transport, and power projects Crude output set to begin mid-2026, with production projected to peak at 230,000 bpd IMF sees oil start boosting ...
Saviu Ventures acquires stake in Jobo Interim, deal amount undisclosed This marks the 12th investment under the Saviu II fund for African startups Jobo seeks to formalize temporary labor in Côte ...
Algérie Télécom reached 2.5 million fiber subscribers on September 14, offering speeds up to 1.5 Gbps. Algeria's FTTH connections grew from 53,000 in 2020 to 2.5 million in 2025, covering 27% of ...
Kredete raised $22 million in Series A funding led by AfricInvest, Partech, and Polymorphic Capital to expand globally. The company offers Africa's first stablecoin-backed credit card across 41+ ...
Sub-Saharan Africa lacks storage; less than 30% of output covered • Post-harvest losses hit 40% of perishables, 20% of other foods • Warehouse growth rising, but too slow to secure supply chains In ...
UBA pledges $150 mln to Kenya’s $1.35 bln road tax securitization scheme Initiative aims to clear arrears and restart stalled road projects Analysts warn fuel levy-backed plan could raise living costs ...
Uganda to host Aeonian AI center at Karuma hydropower site starting in 2026 Project includes 10 MW USIO supercomputer built with NVIDIA and partners Initiative aims to cut Africa’s 98% reliance on ...
Central African Republic seeks $12B for 2024-2028 development plan • 58 projects target agriculture, mining, energy, transport, and health • Goal: 4.2% annual growth, poverty reduction, expanded ...
Kenya achieved 70% rural electrification at $160–$700 per connection, averaging $500 per household (Kenya REA, 2021). • Nigeria’s $410 billion grid-extension plan costs $25,000 per km with 42% system ...
Libya, Nigeria revive talks on gas pipeline to Europe via Libya • Proposed 3,300 km route would link to existing Greenstream pipeline • Project aims to boost exports, diversify Nigeria’s gas markets ...
Ghana launches $1.1B 'Big Push' to address infrastructure gap • Funded by oil revenues, mining royalties, and private partnerships • Investment to rise to $1.7B by 2028, targeting transport, energy, ...
UBS raises 2025 gold forecast to $3,800 amid rate cut bets • Gold hits $3,643/oz; silver tops $40 for first time since 2011 • Central bank buying, weaker dollar fuel precious metals rally Swiss bank ...