Namibia's central bank raised its benchmark interest rate by 25 basis points to 7%, aiming to contain inflationary pressures from rising energy costs. Annual inflation accelerated to 5.4% in September ...

Uganda exported $889 million worth of gold in August 2026, accounting for nearly 60% of its merchandise export earnings, as gold shipments rose 68.9% year-on-year. Conflict-affected mining sites in ...

Binance has reported a cyberattack affecting approximately $6.3 billion in digital assets, potentially making it the largest cryptocurrency hack on record. The exchange has frozen about $3 billion in ...

Fifty-six professionals from across WAEMU completed a seven-month executive banking management program. The training covered banking risks, cybersecurity, blockchain, digital transformation and ...

The gap narrowed by 5 percentage points between 2014 and 2024, led by cities in Eastern Africa Industry accounts for 15.5% of urban employment in Sub-Saharan Africa, against 24.7% in Southeast Asia ...

The Green Climate Fund has approved $30 million to help vulnerable Ethiopian households adapt to climate change. The project will improve water access, support climate-resilient agriculture and ...

Nigeria needs about $6 billion in drilling equipment and related infrastructure to reach its oil production target. Recent asset sales have shifted ownership of major oil fields, but equipment ...

British firm Marriott Drilling Group has secured a contract to drill up to four exploration wells at Corbetti. The project targets an initial 50 MW power plant, with total capacity eventually reaching ...

France's development agency AFD and Nigeria's Bank of Industry (BoI) have signed a $30 million financing agreement to support the country's creative industries under its Destination 2030 strategy.

AXIAN Energy has secured €30 million from IFC and Proparco for Benin's IPP50 solar project. Four solar plants will produce an estimated 110 GWh of electricity annually. Benin aims to increase ...

Moody's has cut Senegal's foreign-currency debt rating to Ca, its fifth consecutive downgrade. The agency now estimates potential losses for external private creditors at 35% to 65%, up from 10% to 20 ...

The first phase of Cameroon's revised power link with Chad is now estimated to cost CFA145.2 billion. A CFA287 billion funding gap prompted the two countries to scale back the project and build it in ...