Economy

Six African countries meet the minimum budget transparency requirements of the U.S. State Department, according to its 2026 report published on August 11. Among the African governments that remain below this threshold, nine made significant progress during the examined period from January 1 to December 31, 2025. Globally, Washington assessed 139 governments and the Palestinian […]

Africa captures less than 10% of the global market value for most tree-derived products it supplies, according to a report by Landscape Alliance announced on August 7, 2026, in Nairobi. The organization, which brings together the Center for International Forestry Research and the World Agroforestry Center, calls for strengthening local processing, innovation, and industrial policies […]

Since August 2013, artists based in Senegal can, provided they meet YouTube’s criteria, join its Partner Program and earn a share of the advertising revenues generated by their videos. This access makes the country an exception in French-speaking sub-Saharan Africa, where direct monetization of channels remains unavailable in most markets. Google announced on August 19, […]

Libya needs $30 to $40 billion in funding to develop more than 60 already discovered oil and gas fields, said the president of the National Oil Corporation (NOC), Masoud Suleiman, in an interview with the Financial Times published on August 18, 2026. The stated goal is to increase crude production from about 1.4 million to […]

The Parliament of Botswana adopted in July 2026 an amendment to the industrial development law to facilitate the implementation of the legal cannabis industry. The measure concerns exclusively medical, scientific, research, and industrial uses, and does not legalize recreational consumption. The text, presented as the Industrial Development (Amendment) Bill No. 3 of 2026, aligns the […]

The Nigerian Federal Executive Council approved five road construction and rehabilitation contracts totaling 437.22 billion naira, nearly 438 billion, on Wednesday, August 19, in Abuja. The Minister of State for Works, Bello Muhammad Goronyo, presented these decisions following a meeting chaired by Bola Tinubu. The main contract, valued at 159.83 billion naira, involves the reconstruction […]

Equity Group published on Wednesday, August 19, a net profit of 45.52 billion Kenyan shillings for the first half of 2026, up 32% year-on-year. The banking group had reported a profit of 34.63 billion shillings in the first six months of 2025. Profit before tax rose by 39%, to 57.75 billion shillings, compared to 41.54 […]

Residents of N’Djamena say they are still experiencing long power cuts nearly four weeks after the fire on July 26, 2026, at the Farcha 1 power plant. The disaster has reduced the capital’s supply capacity and affects households as well as small businesses that rely on electricity. The fire broke out in the afternoon of […]

The Norwegian group Equinor announced on Tuesday, August 18, 2026, the acquisition from a subsidiary of Chevron of a 17.4% stake in the offshore oil license PEL 90, off the coast of Namibia. This operation marks Equinor’s entry into the country and remains subject to regulatory approvals. The license covers block 2813B, in the Orange […]

The annual inflation in South Africa slowed to 4.3% in July 2026, down from 5% in June, according to data released on Wednesday, August 19, by Statistics South Africa. This decrease brings the price increase closer to the target range set by the South African Reserve Bank. The Consumer Price Index used as the main […]

Based in Nairobi and launched in Kenya in 2012, the music platform Mdundo relies on telecom operators to distribute African tracks and compensate their rights holders in markets where bank cards and stable connections remain unevenly accessible. In its annual report for 2024-2025, published in September 2025, the company states that it paid out more […]

Liberian President Joseph Boakai enacted a reform in mid-August 2026 that puts an end to the centralized operational management of ports by the National Port Authority (NPA), according to several Liberian media sources. The texts grant more autonomy to the main maritime and inland ports of the country. The new organization provides for autonomous authorities […]

In 2026, Africa is strengthening its position in the global lithium supply as prices remain volatile. The start of production or the ramp-up of projects on the continent is expanding supply, but the data available as of August 19 does not allow for announcing a new sustainable market turnaround. The rebound of the first half […]

In Tunisia, the National Railway Company of Tunisia (SNCFT) launched a call for applications on August 17, 2026, to pre-select consulting firms tasked with examining the feasibility of a high-performance North-South railway corridor. This step aims to clarify the technical and economic options of a project deemed strategic for the country’s internal connections. The official […]

The Ugandan government requested Parliament, on August 6, 2026, in Kampala, permission to borrow up to €207.77 million from Citibank and other financial institutions to upgrade 137 kilometers of roads in the eastern part of the country, a project aimed at improving the connection between Jinja, Kamuli, and Bukungu. The request, presented by Henry Musasizi, […]

The modernization works of the one-stop border post at Ressano Garcia, in the Mozambican province of Maputo, officially began on August 17 with the laying of the foundation stone. The project, estimated at around 980 million meticals, or 15.3 million dollars, aims to enhance the fluidity of exchanges on one of the main land routes […]

Ninety One announced the final close of its third Africa Credit Opportunities fund at $404 million in commitments, including leverage. This operation takes place amidst macroeconomic uncertainties, geopolitical tensions, and trade disputes, but confirms the interest of institutional investors in private credit in Africa. The British management company announced this close on Tuesday, August 18. […]

Airtel Africa announced the commercial launch of “Starlink Mobile” in the Democratic Republic of the Congo. The service is designed to allow users with a compatible smartphone to stay connected in areas not covered by terrestrial mobile networks, without the need for a dish or other satellite equipment. The offer is based on a direct […]