Benin has approved a 100 billion CFA franc ($171 million) Industrial Development Fund to improve access to financing, support factory development and accelerate domestic raw material processing. Three ...

Safaricom reported a 35.9% increase in first-half net profit attributable to shareholders to 58.2 billion Kenyan shillings ($448 million), supported by growth in Kenya and narrowing losses in Ethiopia ...

Shell has agreed to buy fuel from planned plants in Morocco and Egypt, giving developers predictable future revenue that could help secure financing. The Moroccan project is expected to cost $239 ...

Caledonia Mining has signed a financing agreement worth up to $150 million with a consortium of Zimbabwean financial institutions to support construction of its Bilboes gold project. Production ...

Morocco has opened a $5.1 million offshore pilot fish farm near Sidi Ifni, designed to produce up to 280 tons of gilthead seabream annually. Researchers aim to establish whether fish farming in ...

Mozambique has approved a 39.8 billion meticais ($622 million) plan for the 2026–2027 season to strengthen disaster prevention and humanitarian response, targeting 2.2 million people. Funding ...

Kenya has awarded 4,470 contracts worth 18.3 billion Kenyan shillings ($140.8 million) through its electronic government procurement (e-GP) platform since its launch in April 2025. Growing ...

Sucrivoire, a subsidiary of SIFCA Group, has delayed its agricultural and industrial capacity expansion programme by one sugar production season as rising inventories tie up cash. Production outpaces ...

Benin has approved a dedicated unit to oversee priority social infrastructure projects, coordinate implementation and ensure timely completion. Two-year mandate: The unit will operate for an initial ...

Germany has committed €50 million ($56 million) in grants to Uganda, including €30 million in financial cooperation and €20 million in technical assistance. Infrastructure investment: The funding ...

The International Monetary Fund (IMF) expects annual inflation in the Democratic Republic of Congo to approach 9% by December 2026, driven by rising fuel and food prices. Monetary policy: The Central ...

Benin will establish two digital fabrication and innovation hubs, known as Innobox, in Parakou and Porto-Novo before gradually expanding the initiative to municipalities nationwide. Technology ...