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Africa
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$900 Million expansion: Egyptalum to double output at Nag Hammadi complex
The Egyptian Aluminium Company (Egyptalum) has signed a strategic agreement to expand its Nag Hammadi industrial complex. Estimated at $900 million, the project aims to significantly increase the country's production…
$100 million for 10,000 young people: the Elumelu model, a strategy african entrepreneurs can replicate
Injecting more than 65 billion CFA francs into African entrepreneurship is not…
Burkina Faso : a 2 Billion CFA Franc soybean processing industrial complex comes into operation
The total cost of the infrastructure is estimated at nearly 2 billion…
Nigeria: Dangote Cement seals over $1 billion deal with Sinoma to expand capacity in Africa
According to information , the agreement covers twelve industrial projects. These include…
Building an African financial powerhouse : BOAD and RMDB join the AAMFI
Established in 2024, AAMFI was created to bring together African-owned and African-controlled…
Ghana’s $20 billion gold pivot: can GANRAP stabilize the Cedi?
At the center of the reform is the Ghana Gold Board (GoldBod),…
Senegal launches 2026 public debt offering of 200 billion CFA francs
Financing the 2026 budget and structural reforms . The funds raised through…
Africa: Access Bank and Equity Group Holdings accelerate cross-border mergers, 70% of deals concentrated in South Africa, Egypt and Kenya
Following the adoption of higher minimum capital thresholds by supervisory authorities, undercapitalized…
MTN Cameroon transfers over 400 Million FCFA to the CDEC: a turning point for financial transparency
In Cameroon, the CDEC is mandated to receive, hold, and safeguard funds…
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Telecommunications : Paratus completes East and West Africa fiber optic
Pan-African telecommunications company Paratus Group has completed its strategic East-West Africa fiber optic route, the first coast-to-coast terrestrial route using…
Ivory Coast: African Rubber Plantation Society reports a 151% increase in net profit for the third quarter of 2024
African Rubber Plantation Society (SAPH) reported third-quarter sales of $309 million (FCFA 186.3 billion), up 30.6% on 2023, as the…
Morocco : Tanger Med Port, the momentum of the truck and passenger terminal extension project
The International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA), both part of the World Bank Group, announced…
Ouattara Wautabouna, a new voice for Africa at the IMF
With the recent historic reform of its Executive Board, the International Monetary Fund (IMF) has granted a 25th seat, marking…
Renewable energies : Ivory Coast exempts imported products and equipment from taxes
An Ivorian inter-ministerial decree dated October 22, 2024 provides tax and customs exemptions for a specific list of equipment related…
IMF outlook : Egypt on track to be Africa’s leading economic power by 2028
The outlook for global economic growth, published by the International Monetary Fund (IMF) on the sidelines of the IMF/World Bank…
How the Arab Bank for Economic Development in Africa aims to change the perception of risk on the continent
The Arab Bank for Economic Development in Africa (BADEA) has joined the circle of founding partners of the Africa Investment…
Ivory Coast : Nestlé rebounds with 52% growth in 1st half 2024
Nestlé IvoryCoast returns to growth after losses in 2023. Buoyed by a rise in local sales and exports, the Swiss…
Money laundering : how Senegal restored its image for the investment community
Senegal has just been removed from the "grey list" of countries whose regimes for combating money laundering, the financing of…
Ghana’s Shirley Ayorkor Botchwey elected Commonwealth Secretary General
Ghana's Foreign Minister, Shirley Ayorkor Botchwey, has been chosen as the new Commonwealth Secretary General at the 27th Commonwealth Summit…
