CMOC Group Limited (CMOC) has announced on March 21st full‑year 2024 results, marking a new chapter of industry leadership with record highs in revenue, profitability, production and sustainability ...

The Alliance of Sahel States (AES) is imposing a 0.5% tax on imports from outside the bloc to finance its activities. Customs authorities in each country will collect the funds, with exemptions for ...

The International Telecommunication Union (ITU) and the European Commission have launched a broadband mapping project to identify connectivity gaps in Africa. • The initiative, covering 11 countries, ...

The West African Development Bank (BOAD) is providing $82.5 million to Niger to stabilize Sonibank, a key public bank facing financial distress. Sonibank has been struggling with liquidity issues and ...

The East African Community has approved a roadmap to modernize and unify payment systems across member states. The plan targets faster transactions, lower costs, and better access for people, ...

(Ecofin Agency) - According to the World Bank, Malawi’s mining sector contributed just 0.7% to GDP and 3.5% to government revenue in 2023. Despite its modest role, the sector is poised for growth as ...

(Ecofin Agency) - Rio Tinto is active in Guinea, South Africa, and Madagascar. In the first, it develops the Simandou iron deposit. In the other two, it extracts mineral sands. In 2023, the company ...

Uganda has rolled out an $11.1 billion (40,700 billion shillings) budget plan for FY2025-26. The proposal, officially presented to Parliament on March 27, by State Minister for Finance Henry Musasizi, ...

(Ecofin Agency) - Africa has long struggled with limited mobile network coverage, especially in remote areas where traditional cell towers are costly and difficult to deploy. Satellite-to-mobile ...

(Ecofin Agency) - Between 2010 and 2022, West Africa emerged as the world’s fastest-growing gold production region, fueled by untapped reserves and increasing interest from global investors, ...

(Ecofin Agency) - Paladin Energy has revised its uranium production target at Namibia's Langer Heinrich mine to 3 to 3.6 million pounds for the current fiscal year. However, new operational challenges ...

Smart Africa is working with 10 African countries to align e-commerce and digital payment policies. A workshop was held in Brazzaville to kickstart the harmonization process. The $1.7 million ...