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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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Cameroon: BAD guarantees 330 million euros for reconstruction of the Ngaoundere-Garoua road
According to Joseph Nguessan, Head of the Infrastructure Division at the African Development Bank, these funds will have to be…
Nigeria : 100% SIM cards produced locally generate sales of over 35 million USD in two years
All SIM cards used in Nigeria are now produced in the country. This was recently revealed by Babagana Digima, head…
African pineapple market: large-scale local processing takes off
The international pineapple market is a dynamic one. On all fronts (canned, juice and fresh fruit), pineapple plays an important…
Mali : the President of the Transition, Colonel Assimi GOÏTA inaugurated the Seydou Diogo Awa Agro-Industrial Complex
The President of the Transition, His Excellency Colonel Assimi GOÏTA, inaugurated the Complexe Agro-Industrial Seydou Diogo Awa (SDA) on Tuesday…
Niger looks to Chad-Cameroon pipeline to transport oil
Due to the "diplomatic impasse with Benin", the government of Niger is resuming talks with Chad to transport its oil…
Uemoa : instant interoperable account-to-account payments will be available on July 22th, 2024
Whether the account is held at a bank, e-money issuer, Microfinance institution or payment institution connected to the interoperable system,…
Gabon: BICIG becomes AFG Bank Gabon with capital of US$88 million and record earnings of US$34 million
This decision, widely debated at a double Ordinary and Extraordinary General Meeting held on June 21st, 2024, organized by International…
Cameroon: identification and visa services to cost more amid inflation
On June 20th, with six months to go before the close of the 2024 Finance Law, Cameroon's Head of State,…
