Wafa Assurance offers to acquire 51% stake in Cairo-listed Delta Insurance • Deal values Delta at EGP5 billion ($317 million), priced at EGP40 ($2.52) per share • Egypt Kuwait Holding to sell its ...

Côte d’Ivoire signs MoU with Raxio to support national data sovereignty strategy • CIV1 data center to launch in September 2024, at a cost of CFA36 billion ($63.5 million) • Facility to host sensitive ...

USDA forecasts 8% increase in paddy rice output, reaching 2.96 million tons • Cultivated area projected to expand 8% to 850,000 hectares • Improved climate, reduced pest pressure, and policy support ...

Giyani Metals receives EXIM Bank interest for $225 million in project financing • K.Hill to become Botswana’s first manganese mine, with $284 million capex • Site expected to produce 80,000 tons of ...

President Museveni signs law allowing military courts to judge civilians • Move follows Supreme Court ruling barring such trials as unconstitutional • Critics see the measure as undermining rule of ...

Visa appoints Aminata Kane as Senior VP for West and Central Africa • Kane brings over 10 years of experience in digital finance and telecoms • She will lead efforts to expand financial inclusion and ...

CNPC and South Sudan sign plan to rehabilitate key oil blocks 1, 2, 3, 4, and 7 • Output remains at 60,000–90,000 barrels/day amid ongoing export disruptions • CNPC commits resources and tech support; ...

Fixed broadband remains too expensive across Africa, limiting access and usage • High setup fees and limited fiber network coverage hold back adoption • Experts call for stronger investment and public ...

Government to invest $30.9 million yearly to boost sugar sector • Funds sourced from a 4% Sugar Development Levy on local output and imports • Allocation to cover plantation expansion, infrastructure, ...

J.P. Morgan voices confidence in Afreximbank's bonds, despite the bank's exposure to sovereign debt and potential for further rating downgrades • Afreximbank's dubious credits have hit 7.1% at end of ...

Lion Group to explore and exploit gold, copper, and manganese in Algeria Malaysian firm plans $8 billion investment in metallurgy and steel sectors Mega project to be established in Boumerdès over 300 ...

Government targets tech hubs, skills development, and startup funding Over 21 million young Tanzanians already active in digital sectors Internet subscriptions surged 86% between 2020 and 2024 ...