Now sitting at 65th on the list of the world's richest people, the head of Dangote Group has reached a new peak in wealth, according to the index. This significant rise in his fortune primarily ...

While the EU is Africa’s largest trading partner, with trade reaching nearly €367 billion in 2023, stronger economic and trade integration within Africa will create a vast unified market of 1.3 ...

Senegal's first Islamic microfinance institution has signed a loan agreement with Fonsis. This funding will help expand the availability of Islamic financing for local SMEs. The Islamic microfinance ...

KINEDEN Commodities SA, one of the largest Ivorian sustainable cocoa traders, has secured nearly €60 million from a pool of international banks to cover part of its financing needs for the next three ...

Côte d'Ivoire. Aurum is set to release its first resource estimate for the Boundiali project by the end of 2024, while Mako has a project with 868,000 ounces of gold. The two companies have agreed to ...

The private sector arm of the AFD group has extended a third loan to Microfinance Solidaire since 2016. This funding will support the lending activities of the French institution to microfinance ...

AfricInvest and Proparco have approved investments in Lapaire, a fast-growing eyewear company, to support its expansion across Africa. AfricInvest committed €2.5 million ($2.72 million), while ...

Gécamines has started exporting germanium concentrate from its new hydrometallurgical plant in the DR Congo. Commissioned in October 2023, the plant should enable the DRC to supply up to 30% of the ...

Kamoa Copper recently disclosed its results for the third quarter of 2024. Over the period, it milled 3.3 million tonnes of ore and produced a record 116,313 tonnes of copper concentrate. In September ...

The World Bank now expects Sub-Saharan Africa's economy to grow by 3% in 2024, down from the 3.4% projected in April. In a report released on October 14, the institution points to the collapse of ...

Canadian firm Dynacor plans to invest in artisanal gold mining in Senegal. The sector employs tens of thousands of people and produces 7 tonnes of gold annually. Dynacor announced on October 11 that ...

Niger will not export any uranium in 2024 due to several factors. Uranium typically makes up 15 to 20% of Niger's exports, significantly more than other products. Following the coup in July 2023, the ...