IMF staff concluded a review under the ECF and RST programs. The country will access $13.98 million following satisfactory performance. Growth is projected at 5.2% in 2025, with inflation near 2%.

The $11.5 million deal aims to boost Chad’s imports and food security. It brings Proparco’s total guarantees to Ecobank to €125 million since 2018. The initiative supports Africa’s broader trade ...

Aya Gold & Silver plans to invest $446 million in its Boumadine gold-silver project. The mine could yield 2.3 million ounces of gold and 69.8 million ounces of silver over 11 years. A feasibility ...

Azura plans a $21.4 million investment in Dakhla to expand agroindustrial operations. The move follows the UN Security Council’s endorsement of Morocco’s autonomy plan for Western Sahara. The project ...

Rwanda is negotiating with China to start exporting avocados there. The deal, now in advanced talks, could be signed soon, according to its embassy in Beijing. Avocados already account for about 30% ...

Tandem Bank offset 2024 emissions through carbon credits from solar projects in Kenya and Uganda. Africa’s share of the voluntary carbon market tripled between 2020 and 2024. Credits are increasingly ...

NOC announces a new oil and gas discovery in northwest Libya’s Ghadames Basin. The Arabian Gulf Oil Company drilled the well, yielding 4,675 b/d and 2 million cubic feet of gas daily. The discovery ...

Frigoglass plans to raise its annual production in Egypt to 100,000 beverage refrigerators. The expansion could give the company a 30% share of Egypt’s beverage cooling market. The move targets ...

The AU and Global Fund signed an MoU to fight AIDS, tuberculosis, and malaria. The deal aims to strengthen health systems and boost local resource mobilization. It supports the AU’s 2030 goal to ...

NNPC Ltd rules out an IPO for now, remaining fully state-owned. The oil company focuses on operational reforms and refinery rehabilitation. Market and regulatory uncertainties weigh on African energy ...

The draft “Digital X.0” law sets a legal framework for AI integration in Morocco. It focuses on data governance, digital identity, and interoperability. The reform supports Morocco’s “Digital 2030” ...

Samb’a Assurances Gabon, the first microinsurance company in Central Africa licensed by the Inter-African Conference on Insurance Markets (CIMA), plans to establish a subsidiary dedicated to ...