All the latest Economy news: updates, analysis, videos and live results.
Togo wants to rely more on private capital to finance its economic transformation over the next fifteen years. The government gathered business organizations, companies, and donors in Lomé on Thursday, July 30, to define the private sector’s contribution to its Vision 2040 strategy. This roadmap aims to double the gross domestic product per capita. It […]
On Victoria Island, a coastal neighborhood in Lagos, trees and mangroves have almost entirely given way to buildings. In this Nigerian megacity of nearly 20 million inhabitants, the disappearance of wetlands heightens the risks of flooding and exposure to high temperatures. On a Saturday morning, about ten participants walked through the neighborhood under the guidance […]
In several Southern African countries, the burden of external debt limits the maneuverability of governments and weakens education funding. Budgets for schools and teachers are declining even as needs grow, particularly due to population growth and economic difficulties. Trade unions in the sector are calling for increased public investment to improve learning and working conditions. […]
In South Africa, the rise in electricity costs has increased companies’ interest in renewable energy. Solar power, combined with storage and wheeling, is becoming an increasingly sought-after solution to reduce dependence on the national grid. SolarAfrica, MPower, and Fledge Capital plan to develop a solar plant with a capacity of 184 megawatts associated with 300 […]
The second edition of the Great Agricultural Fair of Congo will open its doors on August 5, 2026, at the Exhibition Park of Bambou-Mingali, in the Djoué-Léfini department, about sixty kilometers from Brazzaville. The event will run until August 20 and will gather nearly 650 exhibitors from the fifteen departments of the country. Under the […]
The Executive Director of the Vaccine Alliance, Sania Nishtar, announced on Friday in Abuja a commitment of over $500 million over five years to support vaccination campaigns in Nigeria. She spoke following a meeting with Nigerian President Bola Tinubu. This funding is intended to contribute to the financing of vaccination programs in the country, which […]
Four years after its entry into the Ethiopian market, Safaricom is nearing financial balance. Its local subsidiary is showing triple-digit growth and confirms its goal of achieving operating balance by March 2027. In the three months ending in June, the operator continued to ramp up its activities in Ethiopia. This growth is among the fastest […]
West Africa needs to mobilize between 90 and 100 billion dollars per year to achieve its development goals, according to the African Development Bank’s 2026 regional report. However, the institution estimates that the region does not primarily suffer from a lack of capital, but from difficulties in effectively directing available resources towards productive investments. The […]
After about ten days of protests, the Democratic Republic of the Congo has suspended inter-ministerial decree No. 015 setting the rates for fees, taxes, and charges related to the digital sector. The text, issued on July 20, 2026, at the initiative of the Ministry of Digital Economy, is to be clarified. This decision comes as […]
Kenya’s foreign exchange reserves rose by $1.54 billion to reach $15.4 billion as of July 30, 2026, according to data released on Friday by the Central Bank of Kenya. This increase strengthens the country’s capacity to finance its imports and support the stability of its currency. The recorded level now allows for the coverage of […]
Since December 2025, the Chinese company Fuhai Energy has been associated with the Barracuda gas project, located off the coast of Equatorial Guinea. The company aims to participate in the exploitation of promising reserves, but its involvement in the project is still pending approval from the authorities in its province of origin. The agreement was […]
The World Bank has announced an initial funding package of $425 million to finance the modernization of the road corridor linking Douala, Cameroon, to Bangui, Central African Republic. Work on the Cameroonian section of this strategic axis, which spans approximately 800 kilometers, is set to begin next year. This corridor is the main supply route […]
In the Democratic Republic of Congo, artisanal mining sustains many people, but remains low in productivity and difficult to regulate. The lack of financial resources particularly hampers its evolution towards a small mechanized mine, which is considered to be more structured and efficient. The General Director of the Service for Assistance and Guidance of Artisanal […]
The International Monetary Fund has announced a new disbursement of about $1.7 billion in favor of Egypt. This brings the total amount allocated to the country under agreements with the institution to $7.3 billion. The payment comes after the completion of the seventh review of the program supported by the extended fund facility. It also […]
In Africa, projects funded by the World Bank regularly face execution delays and are subject to insufficient monitoring of their results. In this context, the mere disbursement rate no longer fully appreciates the impact of interventions on beneficiary populations. The Togolese government wants to strengthen the management of projects supported by the international financial institution. […]
The prolonged absence of Cameroonian President Paul Biya raises new questions as the head of state has been out of the country for nearly two months. The government assured on Sunday that he is alive and that there is no vacancy in power. “The president is alive,” said the Minister of Communication and government spokesperson, […]
Financed 90% by China, the railway connecting Mombasa to Nairobi remains at the center of debates in Kenya regarding the sustainability of public debt, several years after its inauguration. The railway line, touted as the most modern in the country, reached a symbolic milestone by transporting 50 million tons of goods since its entry into […]
The Democratic Republic of the Congo has extended the temporary restrictions on the import of grey cement and clinker in the western and south-eastern regions of the country. The measures also concern the import of lime in the south-eastern part. This decision is part of a policy to support the local cement industry, which has […]
A drone struck the port of Damietta on the Mediterranean coast of Egypt on Wednesday, July 29, causing a fire aboard two gas vessels, the Egyptian government announced on Thursday. A preliminary investigation established that the incident was caused by a drone, according to authorities, who did not immediately specify the origin of the device […]
The President of the Republic, Romuald Wadagni, held a meeting on Tuesday, July 28, 2026, at the Marina Palace with the Nigerian businessman Aliko Dangote. This meeting mainly aims to strengthen economic and trade relations between Benin and Nigeria, while consolidating regional integration in the sub-region. This meeting is part of the ongoing diplomatic and […]
