Lagos-based Aruwa Capital has raised $35 million for its second gender-focused fund. • The firm now aims to grow the fund to $50 million, with a possible cap of $60 million. • Backers include Visa ...

Africa’s military spending grew 3% in 2024 to reach $52.1 billion, driven mainly by North Africa • Algeria and Morocco alone accounted for 90% of North Africa’s defense budget, amid rising tensions ...

Nigerian startup secures $20 million Series A to grow in Nigeria, Ghana, and Côte d’Ivoire Backers include Norfund, Timon Capital, Ventures Platform, and Flour Mills of Nigeria Company reached ...

Facing a prolonged slump in diamond demand and declining prices, De Beers has trimmed its 2025 production forecast to between 20 and 23 million carats, down from an initial range of 30 to 33 million ...

The world’s seabed holds mineral resources valued at $100 trillion. Interest in these critical minerals—cobalt, nickel, and rare earths—has surged recently, yet exploitation remains limited. On April ...

European Investment Bank to provide $34 million in new funding to support Tunisia’s water infrastructure Main project includes new water treatment plant and pipeline upgrades to meet growing demand ...

Global uranium demand will rise 28% from 2023 to 2030, according to the World Nuclear Association. Several uranium projects were recently launched all over the world, and especially in Africa, to meet ...

Sub-Saharan African countries are set to pay about $20 billion in interest on public external debt in 2025. • Interest payments will account for 3.4% of the region’s combined GDP between 2025 and 2027 ...

(Ecofin Agency) - • Togo and Burkina Faso agree to end roaming charges for incoming calls starting May 30 • Several bilateral and tripartite deals already cut mobile costs by up to 90% • ECOWAS push ...

The Suez Canal Economic Zone (SCZone) secured $8.3 billion in investments for 272 projects between 2022 and March 2025, with significant contributions to industries like renewable energy and ...

Over 90% of the reserves are held abroad, mostly at the Banque de France Critics question the centralization of West Africa’s gold reserves in Europe In 2024, the Central Bank of West African States ...

Despite some positive surprises, Sub-Saharan Africa faces less vigorous growth forecasts, with necessary reforms in a global environment marked by shifting priorities among world leaders: Amadou ...