All the latest Economy news: updates, analysis, videos and live results.
The Chinese group Jasan Group plans to invest $117 million in a complex dedicated to textiles and clothing in Egypt. Located in the Qantara West industrial zone, within the Suez Canal Economic Zone, the project is expected to create 6,000 direct jobs and allocate 90% of its production to export. The announcement was made on […]
The Kangankunde project, led in Malawi by the Australian company Lindian Resources, is part of the race to secure supplies of rare earth elements. The company claims to be generating increasing interest from several Western markets for an integrated supply chain from the mining site. Graphite, copper, cobalt, and rare earths have become strategic raw […]
The Canadian group Fortuna Mining has announced the acquisition of the Bambadji gold exploration project in Senegal for 200 million dollars. Located near Diamba Sud, another project owned by the company, the asset is set to strengthen the group’s presence in the Mako gold belt. The operation involves an exploration permit covering approximately 190 km² […]
Burkina Faso is accelerating the development of its thermal capacities to meet the rising demand for electricity and reduce its dependence on imports. The Bobo 2 power plant, which started operation on August 7 in Bobo-Dioulasso, is one of the latest facilities added to the national grid. Since the beginning of 2026, several thermal projects […]
A World Bank report highlights the growing gap between the education of young Moroccans and the jobs they hold. Among higher education graduates aged 25 to 34, 43% work in a position for which the qualification level is lower than their education. The phenomenon of overqualification has increased by nine points in seven years, according […]
The BRICS countries are exploring the possibility of connecting their national instant payment systems as well as their central bank digital currencies. Still in a preliminary stage, the project aims to accelerate cross-border transactions, reduce their costs, and further facilitate settlements in local currencies. The BRICS are making progress on the issue of cross-border payments. […]
The Sudanese government announced on August 8 the establishment of Nazaha, a national digital system dedicated to public procurement and contract awarding. The tool aims to digitize procedures, improve transparency, and promote fairer competition among businesses. The launch was announced by Mohamed Nour Abdeldaim, Minister of State for Finance. Named Nazaha, the platform is intended […]
Chad has obtained a financing facility of 110 million euros, or about 127 million dollars, from Afreximbank. The funds are intended to support infrastructure aimed at facilitating trade and reducing the Chadian economy’s dependence on oil revenues. The African Import-Export Bank (Afreximbank) announced the granting of this facility to the Chadian government on Monday, August […]
Senegal imported 982,106 tons of wheat in 2025, according to data from the National Agency for Statistics and Demography (ANSD). The volume is close to the million-ton threshold, in a context marked by increasing consumption and the development of processing capacities. The figures are included in the annual report on foreign trade published by ANSD […]
The SA-H2 Fund has secured an initial funding of 3 billion rand, or about 185 million dollars, to support the development of green hydrogen projects and its derivatives in South Africa. Managed by Climate Fund Managers, the vehicle aims for a final size of 12 billion rand by mid-2028. The fund announced this first financial […]
The Democratic Republic of the Congo is launching a first phase of its universal connectivity program with the deployment of mobile networks in 40 rural and peri-urban areas. Four operators are set to receive support from the Universal Service Development Fund (USDF) to extend coverage to areas that are still poorly served. The USDF signed, […]
Malawi has launched a 10 MW solar power plant in Nanjoka, located in the Salima district. Developed by the public company Electricity Generation Company Malawi (EGENCO), this installation represents the first phase of a project aiming to reach 50 MW in order to diversify a power system still largely dependent on hydroelectricity. The solar plant […]
East Africa is multiplying projects aimed at better leveraging its oil resources and limiting its dependence on imports of refined products. Between Tanga in Tanzania, Lamu in Kenya, and Hoima in Uganda, several energy corridors are emerging that could redefine regional oil flows. On August 6, Tanzania and Uganda signed a memorandum of understanding with […]
Senegal exported 22,441 tons of crude peanut oil in 2025, its highest level in six years. This increase comes as authorities seek to strengthen local processing of peanuts and enhance the added value generated by the sector. According to data from the National Agency for Statistics and Demography (ANSD), published in its annual report on […]
The future gold mine at Dokwe, led by Ariana Resources in Zimbabwe, could produce its first bars in 2028. However, the project must pass through several pre-development stages before industrial work can commence. Ariana Resources aims for the first gold pour at Dokwe in 2028, said its CEO, Kerim Sener, as reported by Reuters on […]
The Nigerian company Creativo El Matador, specialized in the processing of agricultural products, has opened an office in Paris and plans to build a warehouse and a factory near Marseille. The company aims to bring African supply chains closer to the European market and create 24 jobs in France over the next three years. Creativo […]
The Fekola gold complex, operated by the Canadian B2Gold, recorded a strong increase in its production in Mali in 2025, with 530,769 ounces extracted, marking a 35% rise. However, the group expects a decline in production in 2026, following a year characterized by the prolonged suspension of activities at Loulo-Gounkoto. In 2025, the Fekola complex […]
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. […]
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 […]
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 […]
