ECOWAS Bank funds 47.7-km stretch of strategic 700-km road project • Lagos-Calabar highway seen boosting regional trade and investment • Part of broader plan to modernize Nigeria’s transport ...

Algeria grants commercial 5G licenses to top three telecom operators: Mobilis, Djezzy, and Ooredoo • License award comes on stream as part of the national strategy for digital development aimed at ...

IFC teams up with AfDB and Nigeria’s EbonyLife to assess a new fund for African cinema • Sector could grow to $20 bln annually and create 20 mln jobs with better funding and regulation • Nollywood and ...

The International Monetary Fund (IMF) has authorized a $262.3 million disbursement for Ethiopia, taking total payments under Extended Credit Facility program to roughly $1.87 billion. • The new ...

IFAD initiates a program worth $358.26 million to bolster dairy sector in Kenya, Rwanda, Tanzania, and Uganda • The program, called DaIMA, aims to strengthen the resilience of dairy systems, with a ...

ENGIE installs 15 mini-grids with 1.4 MW capacity in three Nigerian states. • Project aims to cut diesel use and reduce CO₂ emissions by 33,000 tonnes. • Abu Dhabi’s Ignite Power plans to acquire ...

Two-year initiative targets women-led SMEs in Kenya, Tanzania and Uganda’s green sectors. • Program to deliver training, coaching and easier access to financing for four cohorts of entrepreneurs. • ...

Dangote Group to build urea and nitrogen fertilizer plant in Somali region. • Ethiopia aims to reduce fertilizer imports and boost local production. • Construction to take 40 months, with $3 billion ...

BRICS plans a guarantee fund to reduce political and financial risks in developing countries. • The fund will be managed by the New Development Bank (NDB) and unveiled at the July 2025 Rio summit. • ...

BEAC granted Afreximbank the first-ever foreign access to the CEMAC public securities market. Cameroon raised $359.3 million via a euro-to-CFA swap to issue local Treasury bonds. All bond tranches ...

Mailo solar plant begins feeding 25 MW into Zambia’s grid, part of a 110 MW project. • Zambia aims for 50% electricity access by 2030 with 1,000 MW of solar by end-2025. • AfDB report urges stronger ...

The World Bank convened a series of meetings in Brazzaville, Congo, in May, bringing together key economic stakeholders, including finance ministers, from the Economic and Monetary Community of ...