Economy

Nigerian telecom operators are calling for greater regulatory and economic stability to maintain their investments. Gathered within the Association of Licensed Telecoms Operators of Nigeria (ALTON), they highlight the rising operating costs, vandalism of infrastructure, and the complexity of administrative procedures. The telecommunications sector in Nigeria must improve service quality while continuing to expand networks. […]

Economy10 Aug 2026

États-Unis: le congrès rend son rapport sur les accusations de persécutions religieuses au Nigeria

United States: the Senate gives the green light to the extension of Agoa until the end of 2028.

The United States Senate voted on Friday, August 7, in favor of extending the African Growth and Opportunity Act (Agoa) until December 2028. The mechanism allows 32 African countries to export certain products to the U.S. market duty-free, but its renewal still needs to be validated by the House of Representatives. The bill was passed […]

Economy10 Aug 2026

Aliko Dangote , président du groupe Dangote

KenyaKenya: Aliko Dangote reduces the cost of his refinery and plans to start construction in October.

Aliko Dangote plans to start construction of an oil refinery in Lamu, on the Kenyan coast, in October 2026. The estimated cost of the project has been revised downwards from about 17 to 16 billion dollars, with an announced capacity of 700,000 barrels per day. The project is expected to increase regional refining capacities and […]

Economy10 Aug 2026

Namibie @ capture d'écran Youtube Afrique Révélée

NamibiaNamibia: the future Kokoseb gold mine is seeking 475 million dollars for its construction.

The Australian junior miner WIA Gold estimates that $475 million is needed to finance the construction of the future Kokoseb gold mine in Namibia. According to its definitive feasibility study published on August 10, the project could begin production in the fourth quarter of 2028. WIA Gold is seeking to raise $475 million to develop […]

Economy10 Aug 2026

17 millions USD pour renforcer l’agriculture résiliente

BeninBenin: 561.8 million FCFA in compensation to protect producers from climate hazards

Benin has paid 561.8 million FCFA in compensation to 94,905 rice and cotton producers who suffered yield losses during the 2025-2026 agricultural campaign. The scheme, launched as part of a pilot phase of multi-risk index agricultural insurance, is set to be expanded to 122,000 producers during the next campaign. The Minister of Agriculture, Livestock and […]

Economy10 Aug 2026

Le Bénin et Le Nigeria préparent une coopération sécuritaire et transfrontalière contre le terrorisme

BeninCommunity reforms: Benin achieves a 73% implementation rate according to UEMOA.

Benin achieved a completion rate of 73% during the 2026 annual political review of the reforms, policies, programs, and community projects of UEMOA. The evaluation focused on 145 texts in the areas of economic convergence, the common market, and sectoral policies. The Beninese Ministry of Economy and Finance welcomed, on Thursday, July 23, 2026, the […]

Economy10 Aug 2026

Guinée: les premières cargaisons de fer de la mine de Simandou sont arrivées en Chine

GuineaGuinea: Nimba Mining signs its agreement to take over the operation of the GAC bauxite mine.

Guinea has signed the mining convention with Nimba Mining Company, created after the withdrawal of the bauxite concession from GAC, a subsidiary of Emirates Global Aluminium, in the Boké region. The text still needs to be ratified by Parliament before its official publication. The agreement, announced on Monday, August 3, 2026, by the Guinean presidency, […]

Economy08 Aug 2026

DR CongoUranium in cobalt exports: the DRC announces checks and requests IAEA assistance

The Congolese government has reacted to revelations about the presence of significant amounts of uranium in cobalt shipments exported to China. However, Kinshasa disputes the scope of the scientific conclusions published in Nature Communications and announces a campaign of contradictory analyses. In a statement dated Thursday, August 6, the Congolese Ministry of Communication noted that […]

Economy08 Aug 2026

Une IA africaine en Swahili présentée au Mobile World Congress de Barcelone

AI could help developing countries gain a century in ten years, according to the World Bank.

The World Bank estimates that artificial intelligence could significantly accelerate the development of low or middle-income countries, enabling them to achieve in ten years progress that would normally take a century. However, this outlook remains contingent on significant investments in electricity, connectivity, skills, and digital infrastructure. AI is often presented as a way to quickly […]

Economy08 Aug 2026

SenegalSenegal: 220.7 billion FCFA from the World Bank for three priority projects

Senegal and the World Bank have formalized a set of financing totaling 220.7 billion FCFA, or about 388.5 million dollars. The resources are aimed at strengthening responses to emergency situations, opening up agricultural production areas, and supporting the economic development of Casamance and the eastern part of the country. Senegal is strengthening its financial partnership […]

Economy08 Aug 2026

BeninIn Cotonou, Zone E of the CMMC wants to strengthen maritime cooperation in the Gulf of Guinea.

The Multinational Maritime Coordination Centre (CMMC) of Zone E brought together military officials, experts, and institutional representatives in Cotonou on July 22 and 23, 2026, to discuss maritime governance and security coordination. The seminar gathered the countries of Zone E — Benin, Togo, Nigeria, and Niger — as well as representatives from ECOWAS. Discussions focused […]

Economy08 Aug 2026

RwandaRwanda: 46 million dollars raised from the EU to strengthen agricultural resilience

Rwanda and the European Union have concluded a financing agreement of 40 million euros, which is about 46.2 million dollars, to modernize Rwandan agriculture. The arrangement aims to enhance the sector’s resilience to climate-related shocks and promote more inclusive participation in its development. The funding was signed by the Rwandan government and the European Union […]

Economy08 Aug 2026

Aristide Médenou, Ministre de l’Économie et des Finances, chargé de la coopération

BeninMoody’s raises Benin’s sovereign rating to “Ba3”, with a stable outlook.

The Moody’s agency upgraded Benin’s long-term sovereign rating from “B1” to “Ba3,” according to a statement from the Beninese presidency published on Friday, August 7, 2026. This one-notch improvement follows several years of sustained growth and budgetary consolidation. The outlook associated with the new rating is “stable.” Benin is improving its financial rating with Moody’s. […]

Economy08 Aug 2026

KenyaKenya: Hapag-Lloyd wants to strengthen its maritime links in East Africa in response to competition.

Competition is intensifying in the maritime freight market along the East African coast, where major shipowners are looking to consolidate their presence in key transit corridors. Established in Mombasa for nine years, the German company Hapag-Lloyd aims to expand its services in the region. Hapag-Lloyd intends to strengthen its operations on the eastern seaboard of […]

Economy08 Aug 2026

GhanaGhana: the IMF warns against fuel subsidies four years after the debt crisis

Four years after the 2022 debt crisis, Ghana has seen the International Monetary Fund (IMF) classify its debt risk as “moderate.” However, the institution warns the authorities against fuel subsidies, whose costs could again weaken public finances. According to the IMF’s latest assessment, Ghana has improved its debt risk profile. This development comes after the […]

Economy07 Aug 2026

KenyaKenya: Stanbic Bank plans to double its branch network by 2029.

The Kenyan subsidiary of Standard Bank Group aims to increase its network from 40 to about 80 branches by 2029. This expansion mainly targets individuals and small businesses, as part of a strategy designed to strengthen retail deposits. Stanbic Bank Kenya plans to double the number of its branches in the country over the coming […]

Economy07 Aug 2026

Les deux tours aéroréfrigérantes de la centrale nucléaire de Zaporijjia, en Ukraine, qui compte six réacteurs.

EthiopiaEthiopia relies on Moscow and Washington to frame its nuclear program.

Ethiopia is seeking the support of both Russia and the United States in establishing its regulatory framework for civil nuclear energy. This initiative comes as major powers engage in an increasing competition to develop their nuclear cooperation worldwide, particularly in Africa. The Ethiopian Technology Authority organized a consultation forum on Tuesday, August 4, in Addis […]

Economy07 Aug 2026

NigeriaNigeria: Africa’s leading producer of crude oil, the country aims to become the top refiner.

Nigeria, the leading African producer of crude oil, is increasing its investments in refining to reduce its reliance on imports of petroleum products, a sector official announced Tuesday in Lagos. The country has been exporting its crude for six decades while largely importing the fuels needed for its domestic consumption. This situation forces Nigeria to […]

Economy06 Aug 2026

Le Zimbabwe, nouvel acteur central de la ruée mondiale vers le lithium scruté de près par Pékin

ZimbabweZimbabwe: the country aims for 1.5 million tonnes of grain storage by 2030

Zimbabwe aims to increase its national grain storage capacity to 1.5 million metric tons by 2030. This goal is part of a strategy to strengthen the country’s food security and better absorb the effects of climate variability. The announcement was made on Tuesday, August 4, by the Zimbabwean Ministry of Information. The government intends to […]

Economy06 Aug 2026

Nigeria: la Commission électorale refuse de reconnaître la coalition ADC

NigeriaNigeria: the country publishes its cryptocurrency taxation rules

The Nigerian tax authority published rules on Monday, August 3, governing the taxation of virtual assets, bringing an end to a period of uncertainty for investors and operators in the sector. Transactions involving cryptocurrencies, their resale, mining, and the fees collected by platforms are now included in the tax framework. This clarification comes after the […]

Economy06 Aug 2026