Eco Currency Transition Faces Fresh Splits Over Who Joins First
The Eco currency transition is moving towards a 2027 launch, but disagreements over membership, convergence criteria and the future of the CFA franc continue to threaten progress.
Burkina Faso Trade Surplus Hits Record 2,320bn FCFA as Gold Exports Surge
Burkina Faso recorded its largest trade surplus on record in the first half of 2026, with gold exports surging more than 70% year-on-year and driving export earnings to historic highs.
AES Investment Bank Nears First Lending as Sahel Infrastructure Drive Accelerates
The AES investment bank is steadily building its lending capacity as Burkina Faso, Mali and Niger push ahead with energy and transport projects. The institution, created by the Alliance of Sahel States, is expected to become a key source of funding for regional infrastructure and economic development.
Kenya Triples Renewable Energy Target Amid Surging Power Demand
Kenya has tripled its renewable energy target to 5,500MW as electricity demand rises, but affordability remains a major concern.
Angola and Brazil deepen agribusiness cooperation to power economic growth
Angola and Brazil are deepening agribusiness cooperation through investment, technology and farming agreements aimed at boosting food production, jobs and economic growth.
Zawiya Refinery Drone Strike Sets Off Major Fire in Western Libya
A Zawiya refinery drone strike destroyed a major fuel storage tank in western Libya, raising fresh concerns over the security of the country's vital oil infrastructure.
Dangote confirms October start for Lamu oil refinery construction
Aliko Dangote says construction of the Lamu oil refinery will begin by October. The $16 billion project is expected to become East Africa's largest refinery and reduce the region's dependence on imported fuel.
Nimba Mining Company signs landmark convention with Guinean state
Nimba Mining Company has signed its first mining convention with the Guinean state, establishing the legal framework for its mining operations and supporting plans to expand bauxite production and local mineral processing.
Kenya Expands Ammunition Production Capacity With New Eldoret Production Line
Kenya has launched a major upgrade of its Eldoret ordnance factory, expanding ammunition production capacity by an expected 35% as part of a wider defence modernisation programme.
Dangote Refinery Jet Fuel Exports Claim 20% of Europe’s July Imports
Dangote Refinery jet fuel exports supplied more than 400,000 tonnes of aviation fuel to Europe in July, representing around 20% of the continent's total imports and keeping Nigeria ahead of the United States for a second consecutive month.
AfCFTA seals $3.1B deal with Nigerian firm to power continental customs project
The AfCFTA customs modernisation project has entered a 20-year, $3.1 billion concession agreement with Nigerian firm Bergmans Security Consultants and Supplies Limited. The initiative aims to digitise customs systems across Africa, improve border efficiency, reduce revenue leakages and support the continent's growing intra-African trade ambitions.
Dangote Refinery Petrol Price Falls to N1,165 as Diesel Drops by N80
The Dangote Refinery petrol price has been cut to N1,165 per litre, while diesel now sells at N1,570, extending fuel cost relief for motorists and businesses.
