The Central Bank of Ghana has been buying gold to boost its foreign exchange reserves for several years. This initiative has significantly raised the country's gold holdings, making Ghana Africa's top ...

Kibali, Africa's largest gold mine, is jointly operated by Barrick, AngloGold Ashanti, and the Congolese state-owned company Sokimo. After producing 762,000 ounces in 2023, the mine recorded an 8% ...

The International Energy Agency (IEA) predicts electric vehicle (EV) sales will hit 40 million units by 2030. This surge could benefit Africa, which possesses about 30% of the minerals needed to ...

The Central African Economic and Monetary Community (CEMAC) is now turning to the private sector to develop regional projects. The regional body has adopted a new public procurement strategy and a ...

Chinese artificial intelligence company DeepSeek launched its new AI-powered chatbot, R1. Within days, R1 climbed to the top of the most downloaded free apps on the U.S. App Store, overtaking OpenAI’s ...

In the coming years, intra-African trade, especially through the AfCFTA, could boost factoring by making inter-business transactions easier. Currently, the factoring market is still largely controlled ...

This move comes as part of stricter capital requirements aimed at supporting economic growth and strengthening the resilience of Nigeria's financial system. Zenith Bank announced on January 26 it ...

The humanitarian situation in the DRC is worsening as fighting intensifies in the eastern part of the country. Already critical after decades of conflict, security has deteriorated further with the ...

(Ecofin Agency) - In December 2024, the United Nations and its humanitarian partners called for $7.6 billion in funding for 2025 to support 35 million people affected by crises in West and Central ...

The African Guarantee Fund (AGF) announced yesterday a new $5 billion local currency guarantee mechanism aimed at boosting financing for energy access projects across Africa. The announcement was made ...

The Global Risks Perception Survey (GRPS), conducted by the World Economic Forum, aims to identify the risks facing the planet in the short, medium, and long term. The 2025 report reveals that ...

(Ecofin Agency) - The global 15% minimum tax on multinational corporations took effect on January 1, 2024, in over 30 developed countries, including tax havens like Luxembourg and Switzerland. While ...