Synthetic fibers like polyester now account for nearly 75% of global fiber production, sharply reducing cotton’s market share to about 20%. • African countries reliant on raw cotton exports face ...

Senegal launched “Source Sénégal PPP” on Aug. 5 to digitalize PPP contract procedures. • The platform aims to boost investment with support from Germany and the Sustainable Infrastructure Foundation.

Tekken unveils 'Miary Zo,' a Malagasy female fighter who practices Moraingy, a traditional martial art. • She is the second African character in the franchise since its launch in 1994, after Egyptian ...

Ghana officially launched the Responsible Cooperative Mining and Skills Development Programme (rCOMSDEP) to reform artisanal and small-scale mining and promote responsible practices. • The new program ...

Senegal to build 200,000-300,000 tons of cold storage in two years for horticulture. • Aims to cut 10-20% post-harvest losses and support rising production. • Talks underway with China’s Guangxi Chang ...

Nigeria wants to grow its pharmaceutical industry to $10 billion by 2030, a significant leap from the $2 billion it was valued at in 2023. However, despite substantial investments, the local industry ...

First Quantum signed a $1 billion gold streaming deal with Royal Gold Inc. The funds will help cover capital spending, working capital, and debt repayment. The agreement comes as gold prices rise and ...

Ethiopian Airlines posted $7.6 billion in revenue for fiscal year 2024/2025. Growth slowed to 8%, down from 15% the previous year, due to global disruptions. The airline carried over 19 million ...

Ecobank is selling its Mozambique unit to FDH Bank as part of a strategic shift. • The sale will be fully funded by FDH Bank’s own capital, pending regulatory approvals. • Ecobank plans to maintain ...

Aura Energy is seeking $230 million to fund its Tiris uranium project in Mauritania, expected to produce 2 million pounds of uranium annually starting in 2027. • The company has signed three sales ...

South Africa launches support programs and export aid to counter new 30% U.S. tariffs starting August 8. 2. Tariffs risk 100,000 jobs, hitting automotive and agriculture amid a 32.9% unemployment rate ...

Côte d’Ivoire opens $56.4M cocoa plant in Divo, adding 36,000-ton capacity. • Aims to process 100% of cocoa locally by 2030; 44% processed in 2024. • Processed exports earned $2.67B in 2023 vs. $3.5B ...