AfricInvest and Proparco have approved investments in Lapaire, a fast-growing eyewear company, to support its expansion across Africa. AfricInvest committed €2.5 million ($2.72 million), while ...

The private sector arm of the AFD group has extended a third loan to Microfinance Solidaire since 2016. This funding will support the lending activities of the French institution to microfinance ...

Côte d'Ivoire. Aurum is set to release its first resource estimate for the Boundiali project by the end of 2024, while Mako has a project with 868,000 ounces of gold. The two companies have agreed to ...

The World Bank now expects Sub-Saharan Africa's economy to grow by 3% in 2024, down from the 3.4% projected in April. In a report released on October 14, the institution points to the collapse of ...

Kamoa Copper recently disclosed its results for the third quarter of 2024. Over the period, it milled 3.3 million tonnes of ore and produced a record 116,313 tonnes of copper concentrate. In September ...

Gécamines has started exporting germanium concentrate from its new hydrometallurgical plant in the DR Congo. Commissioned in October 2023, the plant should enable the DRC to supply up to 30% of the ...

Canadian firm Dynacor plans to invest in artisanal gold mining in Senegal. The sector employs tens of thousands of people and produces 7 tonnes of gold annually. Dynacor announced on October 11 that ...

Niger will not export any uranium in 2024 due to several factors. Uranium typically makes up 15 to 20% of Niger's exports, significantly more than other products. Following the coup in July 2023, the ...

Fiber optic internet for businesses and homes was launched in Algeria in 2018. By November 2023, the service exceeded one million subscribers. Algeria’s Ministry of Post and Telecommunications ...

JP Morgan Chase & Co, the largest U.S. bank with assets totaling $3.875 trillion, will open a representative office in Kenya under the name JP Morgan Chase Bank N.A. Representative Office Kenya. The ...

Improving the quality of Internet service enables African countries to benefit from diversified growth. High-speed networks are essential for applications in all sectors, and align with the region's ...

Since 1997, the IMF has imposed surcharges on countries that borrow more than allowed or take longer to repay their loans. Economists and developing nations have often criticized this system for ...