First Quantum signed a $1 billion gold streaming deal with Royal Gold Inc. The funds will help cover capital spending, working capital, and debt repayment. The agreement comes as gold prices rise and ...

Ethiopian Airlines posted $7.6 billion in revenue for fiscal year 2024/2025. Growth slowed to 8%, down from 15% the previous year, due to global disruptions. The airline carried over 19 million ...

Ecobank is selling its Mozambique unit to FDH Bank as part of a strategic shift. • The sale will be fully funded by FDH Bank’s own capital, pending regulatory approvals. • Ecobank plans to maintain ...

South Africa launches support programs and export aid to counter new 30% U.S. tariffs starting August 8. 2. Tariffs risk 100,000 jobs, hitting automotive and agriculture amid a 32.9% unemployment rate ...

Aura Energy is seeking $230 million to fund its Tiris uranium project in Mauritania, expected to produce 2 million pounds of uranium annually starting in 2027. • The company has signed three sales ...

Senegal’s Prime Minister Ousmane Sonko launched a $10 billion economic recovery plan mostly funded from domestic resources, aiming to reduce the budget deficit without relying on the IMF. • The ...

Despite a diverse array of minerals, from gold to critical resources, Africa only accounts for 10% of global spending on mineral exploration. To attract more investment, industry stakeholders are ...

Côte d’Ivoire opens $56.4M cocoa plant in Divo, adding 36,000-ton capacity. • Aims to process 100% of cocoa locally by 2030; 44% processed in 2024. • Processed exports earned $2.67B in 2023 vs. $3.5B ...

Africa to lead global pulses market by 2034, with per capita consumption topping 12 kg (OECD–FAO). • Production to grow by 900,000 tons annually, reaching 25% of global output. • Nigeria, Ethiopia, ...

MTN Uganda, MTN Mobile Money and the Uganda Hotel Owners Association signed an MoU on 1 August 2025 to digitise operations across more than 780 hotels nationwide. The partnership will integrate mobile ...

Ghana will introduce a scholarship program for children of cocoa farmers starting in 2026. • COCOBOD will manage the initiative, with first awards set for the 2026/2027 academic year. • The program ...

Ghana has set the 2025/2026 cocoa farmgate price at $5,040 per ton, up 62.5% year-on-year. • Cocoa farmers say the new rate still falls short of their demands due to rising costs. • The government ...