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Zambia Boosts Solar Power as Mailo Plant Joins GridZambia took a major step toward its energy goals with the Mailo solar...
04/07/2025

Zambia Boosts Solar Power as Mailo Plant Joins Grid

Zambia took a major step toward its energy goals with the Mailo solar power plant starting production. Since June 30, the plant has injected 25 MW into the national grid, marking progress in Zambia’s push for more renewables.

State utility ZESCO and UK-based Solar Century Africa developed the Mailo project in Serenje district. The facility’s 110 MW capacity will help Zambia diversify its energy mix, which still relies heavily on drought-prone hydropower. Zambia plans to install 1,000 MW of solar capacity by the end of 2025 to increase electricity access to 50% by 2030.

Dangote to Build $3 Billion Fertilizer Factory in EthiopiaEthiopia has approved a deal with Nigerian billionaire Aliko D...
04/07/2025

Dangote to Build $3 Billion Fertilizer Factory in Ethiopia

Ethiopia has approved a deal with Nigerian billionaire Aliko Dangote to build a major fertilizer plant, aiming to slash the country’s dependence on imports and meet soaring agricultural demand. Prime Minister Abiy Ahmed announced the agreement on July 3.

The new plant will rise in Ethiopia’s Somali region and produce urea and nitrogen-based fertilizers for both local farmers and export markets, according to the Ethiopian News Agency (ENA).

BRICS to Launch Guarantee Fund to Boost Private Investment in Emerging MarketsThe BRICS coalition—comprising Brazil, Rus...
04/07/2025

BRICS to Launch Guarantee Fund to Boost Private Investment in Emerging Markets

The BRICS coalition—comprising Brazil, Russia, India, China, South Africa, and the new members Egypt, Iran, and Ethiopia welcomed in 2024— will create a guarantee fund aimed at boosting private investment in developing nations. The fund aims to reduce financial and political risks that deter investors from committing capital to infrastructure projects in unstable or low-yield environments.

Sante Fe to Acquire Eburnea Gold Project in Ivory CoastSante Fe Minerals, an Australian company listed on the ASX, has s...
04/07/2025

Sante Fe to Acquire Eburnea Gold Project in Ivory Coast

Sante Fe Minerals, an Australian company listed on the ASX, has signed a binding agreement to acquire the Eburnea gold project in Ivory Coast from fellow Australian miner Turaco Gold. The companies announced the deal on July 3, 2025.

This agreement marks Sante Fe’s first expansion outside Australia, where it operates the Challa and Mount Murray gold projects.

The deal gives Sante Fe 100% ownership of the Satama permit and 65% of the Bouaké North prospect, with an option to increase this stake to 80%. Satama and Bouaké North together make up the Eburnea project.

Training to Innovate: MTN Nigeria Launches Accelerator to Boost African StartupsMTN Nigeria opened applications on Wedne...
04/07/2025

Training to Innovate: MTN Nigeria Launches Accelerator to Boost African Startups

MTN Nigeria opened applications on Wednesday, July 2, for its "From Africa, for Africa" accelerator program, set to begin in September. Backed by a 100 million naira fund (approximately $65,200), the 12-week initiative targets high-potential startups across sectors such as fintech, agritech, health, education, artificial intelligence, and cybersecurity.

The program offers comprehensive support, including funding, mentorship, access to MTN’s tech tools, and a network of experts and investors.

“Our Contracts Promote Local Economic Inclusion” — IFC’s Ethiopis TafaraThe World Bank convened a series of meetings in ...
04/07/2025

“Our Contracts Promote Local Economic Inclusion” — IFC’s Ethiopis Tafara

The World Bank convened a series of meetings in Brazzaville, Congo, in May, bringing together key economic stakeholders, including finance ministers, from the Economic and Monetary Community of Central Africa (CEMAC). Following these discussions, Ethiopis Tafara, IFC Vice President for Africa, was interviewed by Ecofin Agency.

http://www.ecofinagency.com/news/0407-47547-our-contracts-promote-local-economic-inclusion-ifc-s-ethiopis-tafara

Afreximbank Secures First Foreign Access to BEAC Market in $359M Cameroon Bond IssueFor the first time, the Bank of Cent...
04/07/2025

Afreximbank Secures First Foreign Access to BEAC Market in $359M Cameroon Bond Issue

For the first time, the Bank of Central African States (BEAC) has granted a foreign financial institution access to the CEMAC public securities market. This landmark operation involved the African Export-Import Bank (Afreximbank).

Through this transaction, Cameroon’s public treasury successfully raised 200 billion CFA francs ($359.3 million) by the end of June 2025, according to Business in Cameroon, citing Ministry of Finance sources.

The fundraising was structured as a currency swap. This mechanism allowed Afreximbank to convert euros into CFA francs via BEAC, enabling the bank to subscribe to Cameroon’s local-currency Treasury bonds (OTA).

Benin Bets on New Public Agency to Revive Ruminant Farming• Benin creates the Agency for the Development of Ruminant Far...
03/07/2025

Benin Bets on New Public Agency to Revive Ruminant Farming

• Benin creates the Agency for the Development of Ruminant Farming (ADER) to boost local cattle, sheep, and goat sectors.
• National ruminant meat production meets only 49.3% of demand, forcing imports of nearly 58,000 tons annually.
• Structural challenges include traditional farming, low-quality breeding stock, inadequate feeding, and underinvestment.

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