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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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Kenya: new targets for milk export market, thanks to growth in production
The East African country is targeting the Middle East for its exports with Dubai as its hub, while continuing to…
Cameroon : what the new Partnership Framework with the World Bank Provides
Cameroon’s Minister of Economy, Alamine Ousmane Mey, welcomed Abdoul Salam Bello, World Bank Group Executive Director for Cameroon, for a…
Africa : recycled tires for flooring and playgrounds (tartan), a juicy eco-business to be developed by Africans
Nearly four billion tires end up in landfills worldwide, and one billion are generated every year. When recycled, used tires…
Burundi : the ADB and the European Union co-finance the construction of the Rubirizi power station to the tune of USD 37 million
Burundi's largest Electric substation, a 160-megavolt facility in Rubirizi, financed by the ADB and the European Union, will increase the…
Africa : Afreximbank aims to increase its intra-African trade financing from USD20 billion in 2021 to USD 40 billion by 2026
The information was given by Haytham ElMaayergi, Executive Vice President of Afreximbank. During the World Bank Group and International Monetary…
Ghana Opens First Gold Refinery
On August 8, 2024, Ghana inaugurated its first gold refinery in Accra. It aims to maximize the value of the…
Egypt : Fruit and vegetable market estimated at USD 15.64 billion in 2024
Citrus production in Egypt is an important agricultural sector for the country's economy. Especially since the country is one of…
Zimbabwe : Macadamia nut exports reach US$ 4 million in first semester 2024
During this period, exports increased by 21% from US$3 million recorded in the same period last year. However, farmers say…
Morocco : a Key Player in Global Battery Manufacturing Thanks to Its Phosphates
A recent report by Bne Intellinews highlights the crucial role of Morocco’s phosphate deposits in the global battery supply chain.
Tanzania : Fujian Hexingwang Industrial finances Liganga iron ore project to the tune of USD 77 million
The Tanzanian state-owned company National Development Corporation (NDC) and the Chinese company Fujian Hexingwang Industrial signed an agreement on Saturday,…
