CMOC Group Limited (CMOC) has announced on March 21st full‑year 2024 results, marking a new chapter of industry leadership with record highs in revenue, profitability, production and sustainability ...

The International Telecommunication Union (ITU) and the European Commission have launched a broadband mapping project to identify connectivity gaps in Africa. • The initiative, covering 11 countries, ...

The West African Development Bank (BOAD) is providing $82.5 million to Niger to stabilize Sonibank, a key public bank facing financial distress. Sonibank has been struggling with liquidity issues and ...

The Alliance of Sahel States (AES) is imposing a 0.5% tax on imports from outside the bloc to finance its activities. Customs authorities in each country will collect the funds, with exemptions for ...

Senegal launches a $247 million bond issue on the regional market as access to international financing narrows. The IMF has suspended its $1.8 billion program after uncovering $7 billion in hidden ...

Smart Africa is working with 10 African countries to align e-commerce and digital payment policies. A workshop was held in Brazzaville to kickstart the harmonization process. The $1.7 million ...

(Ecofin Agency) - According to the World Bank, Malawi’s mining sector contributed just 0.7% to GDP and 3.5% to government revenue in 2023. Despite its modest role, the sector is poised for growth as ...

(Ecofin Agency) - Rio Tinto is active in Guinea, South Africa, and Madagascar. In the first, it develops the Simandou iron deposit. In the other two, it extracts mineral sands. In 2023, the company ...

Allied Gold operates the Bonikro and Agbaou gold mines in Côte d'Ivoire and the Sadiola mine in Mali. The company is currently listed on the Toronto Stock Exchange in Canada. Allied Gold has announced ...

Côte d'Ivoire raises CFA 220 billion in international bond, first for an African state Interest rates lower than regional market, highlighting foreign investor confidence Plans to raise CFA 1,100 ...

Uganda has rolled out an $11.1 billion (40,700 billion shillings) budget plan for FY2025-26. The proposal, officially presented to Parliament on March 27, by State Minister for Finance Henry Musasizi, ...

(Ecofin Agency) - Africa has long struggled with limited mobile network coverage, especially in remote areas where traditional cell towers are costly and difficult to deploy. Satellite-to-mobile ...