Olumide Balogun, Google’s Director for West Africa, recently announced that artificial intelligence (AI) could contribute up to $1.5 trillion to Africa's GDP by 2030. He made this statement during the ...

The private sector arm of the AFD group has extended a third loan to Microfinance Solidaire since 2016. This funding will support the lending activities of the French institution to microfinance ...

Côte d'Ivoire's gold potential is estimated at 600 tonnes. The country is looking for new viable deposits to bolster its gold production, which hit 51 tonnes in 2023. During the Council of Ministers ...

Manganese is Gabon’s third-largest export after oil and timber. Most of the country’s production comes from Eramet, a French company. The firm, however, recently cut its forecast for 2024–a move that ...

Last April, AMN, a telecom tower builder, began a similar project in Nigeria in partnership with Starlink. By September, the company had already connected 100 towers, boosting traffic on its network.

During its 357th board meeting, the Islamic Development Bank announced a $3 billion funding package for 17 of its member countries. On October 14, the Islamic Development Bank (IsDB) approved more ...

Saudi Arabia is set to enter Zambia’s copper sector through a partnership with First Quantum Minerals. In 2023, Saudi Arabia established a company focused on mining investments, particularly in ...

Last month, AngloGold Ashanti sealed a $2.5 billion deal to acquire Centamin. The move will give the South African company control of Egypt's largest gold mine, which can produce up to 500,000 ounces ...

The Ivorian government attributes this outcome to effective resource mobilization and careful spending management, despite challenging global conditions. Côte d'Ivoire wrapped up its FY2023 with a ...

While the EU is Africa’s largest trading partner, with trade reaching nearly €367 billion in 2023, stronger economic and trade integration within Africa will create a vast unified market of 1.3 ...

In February 2023, the state-owned telecom operator Celtiis announced its network was ready for 5G. Now, more than a year and a half later, its rivals in Benin are making the same promise. MTN and Moov ...

Senegal's first Islamic microfinance institution has signed a loan agreement with Fonsis. This funding will help expand the availability of Islamic financing for local SMEs. The Islamic microfinance ...