The Bank of Ghana says it has begun a strategic rebalancing of its foreign reserves, including a measured divestment of part of its gold holdings as it restructures its long-term reserve portfolio. The adjustment forms part of the Bank’s broader strategic asset allocation framework, designed to align the composition of Ghana’s reserves withRead More
The African Development Bank (AfDB), in partnership with Japan, has officially launched the Africa–Asia (A–A) Platform, a new initiative aimed at promoting knowledge exchange, technology transfer, and entrepreneurship between Africa and Asia. The launch ceremony took place at the United Nations University in Tokyo, with attendance from key leaders including Dr. Sidi Ould Tah, President of the AfricanRead More
Uganda has earned a place on the United Nations Industrial Development Organization’s (UNIDO) Industrial Development Board (IDB), strengthening the country’s voice in shaping global industrial policy for the next three years. The election was confirmed during the 21st UNIDO General Conference held in Riyadh, Saudi Arabia, from November 23–27, 2025. With 53 memberRead More
Côte d’Ivoire has officially become the newest member of the Arab Africa Trade Bridges (AATB) Program, reinforcing its commitment to strengthening economic ties with Arab and African nations and advancing regional integration initiatives. The Membership Agreement was signed during the 5th AATB Board of Governors Meeting in Abuja, hosted by the Federal GovernmentRead More
The African Development Bank Group has approved a €17.71 million loan to drive Cabo Verde’s next phase of digital transformation, reinforcing the island nation’s push toward modern, transparent, and tech-enabled governance. The funding supports Phase II of the E-Governance and Public Financial Management Reform Programme, a national effort to strengthen digital services, enhanceRead More
Ivorian Prime Minister Robert Mambé and African Development Bank (AfDB) President Dr. Sidi Ould Tah have urged Africa’s private sector to take a central role in the continent’s economic transformation, highlighting global trade disruptions as an opportunity to build resilience. The leaders delivered their remarks at the opening of the 13th CGECI Academy,Read More
The Democratic Republic of Congo (DRC) has announced that nearly 90% of its vast mineral resources remain untapped, and it is seeking global investors to help unlock this potential. Speaking at African Mining Week 2025 in Cape Town, DRC Minister of Mines, Louis Watum Kabamba, called on international mining companies and financiers toRead More
At the recently held Unstoppable Africa event, Allan Kilavuka, Group Managing Director and CEO of Kenya Airways Plc, has stressed the urgent need for African nations to unite in order to achieve meaningful economic growth and stronger global influence. Speaking in a panel discussion, Allan Kilavuka emphasized that Africa’s fragmentation into 54 separate countries continuesRead More
KCB Group and the African Export-Import Bank (Afreximbank) have signed a landmark agreement to jointly finance the operationalization of the Vipingo Special Economic Zone (SEZ) in Kilifi County, Kenya. Under the Memorandum of Understanding (MoU), Afreximbank will provide US$ 500 million, while KCB Group will contribute US$ 300 million in initial funding. TheRead More
The global specialist risk consultancy, has released the 10th edition of its flagship Africa Risk-Reward Index (ARRI), developed in partnership with Oxford Economics Africa. The 2025 edition marks nearly a decade of tracking the economic, political, and security landscape of 24 African markets, offering data-driven insights for businesses and investors. The new report showsRead More