Despite double-digit growth in the volume and value of transactions processed over the past five years, none of the 31 active instant payment systems on the continent have reached a mature level of ...

With over 78% of the seats, PASTEF is now the majority party in the Senegalese Parliament. According to observers, this victory should give the new regime a clear path to implement its reform agenda.

At COP29, developing countries are pushing to negotiate a deal that would secure $1 trillion in annual funding to fight climate change. However, many investors appear hesitant to commit to these ...

The telecommunications sector has been a driver of economic growth, contributing significantly to the African economy. However, the rising costs of deploying such technologies necessitate additional ...

In 2024, Benin’s public debt will rely more heavily on external borrowing, making up 72.1% of the total debt portfolio. Meanwhile, domestic debt will account for 27.9%, according to the Directorate ...

The report highlights that debt financing has become a strong alternative for startups across the continent, as venture capital players proceed cautiously amid a landscape filled with economic and ...

The decline in African billionaires' wealth is mainly due to global trade disruptions affecting resource-rich countries, rising interest rates, power shortages, and ongoing political and social ...

The Ivorian government plans to allocate CFA4,121 billion ($6.63 billion), or 26% of total spending, to servicing and repaying its debt in the 2025 budget. Finance Minister Adama Coulibaly made this ...

The European Union (EU) currently relies on China for certain critical minerals but Brussels seeks to diversify its sources. Africa, which holds about 30% of the world's reserves of these essential ...

Côte d’Ivoire’s meat and edible offal market is one of the biggest in West Africa. With less than 50% of demand currently met, the need for these products is expected to grow even more in the coming ...

Last month, Saudi Arabia expressed its interest in buying a minority stake in Canada's First Quantum's copper mines located in Zambia. Although no deal has been finalized, the Saudi firm Manara ...

Africa is undergoing rapid digitalization but is faced with critical digital skills gap. Leveraging partnerships with global tech leaders and targeting a large, young workforce has the potential to ...