Prometal

Africa

All the latest investment opportunities, analysis, opinion, news, business … to invest in Africa

$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…

4 Min Read
$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…

3 Min Read
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…

5 Min Read
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…

3 Min Read
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…

3 Min Read
Ghana’s $20 billion gold pivot: can GANRAP stabilize the Cedi?

At the center of the reform is the Ghana Gold Board (GoldBod),…

4 Min Read
Senegal launches 2026 public debt offering of 200 billion CFA francs

Financing the 2026 budget and structural reforms . The funds raised through…

2 Min Read
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…

4 Min Read
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…

1 Min Read

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Africa: the private sector, cornerstone of commercial infrastructure financing

The private sector is now the cornerstone of investment in commercial infrastructure across the continent. This was the central message…

9 Min Read

Tunisia: understanding $1.67 billion trade deficit in the first quarter of 2025

According to the latest data published by the National Institute of Statistics (INS), Tunisia is sinking further into the red…

5 Min Read

Africa: exploring the continent’s dominance in mobile money with 1.1 billion accounts and 74% of global Transactions

Africa is leading the global transformation in digital finance, according to the 2025 State of the Industry Report on Mobile…

3 Min Read

High-Voltage ambitions: Prometal secures energy deal to drive Cameroon’s industrial transformation

Cameroon’s industrial sector has reached a major milestone. The banquet hall of the Krystal Palace Hotel in Douala hosted the…

5 Min Read

Africa: the future of AGOA amid the rise in import taxes by Donald Trump

From April 5, 2025, a 10% baseline tariff will be applied to all imports, followed by steep “reciprocal” duties reaching…

3 Min Read

Lesotho : the AfDB invests $331 million to strengthen economic growth

The African Development Bank (AfDB) Group has announced an investment of $331 million in strategic sectors in Lesotho as part…

3 Min Read

Rwanda : initiatives to boost rawhide production by 2030

Rwanda aims to increase its rawhide production eightfold by 2030, reaching 48,000 tons, up from 6,000 tons today, according to…

6 Min Read

Gabon: Prometal Group sets up in the Nkok ZIS, a turning point for the country’s steel industry

Gabon has taken a decisive step in its industrialization process with the arrival of Prometal Group at the Nkok Special…

2 Min Read

Rwanda : a successful market for hybrid and electric vehicles

Rwanda is undergoing a major transformation of its automotive sector, driven by incentive policies encouraging the import of hybrid and…

4 Min Read

Egypt : an essential hub for investors in the textile industry

Egypt, a strategic player in the global textile market, is undergoing a major transformation, with massive foreign investment, accelerated infrastructure…

7 Min Read