Staff Writer

  The Republic of Congo is entering a period of rapid growth, with upstream expansion across both the oil and natural gas industries positioning the country as a strategic anchor for Central Africa’s energy development. With the start of operations at Congo LNG Phase 2, goals to reach 500,000 barrels per day (bpd) in oil production and bold reforms across its regulatory landscape, the Republic of Congo is sending a […]

  The International Islamic Trade Finance Corporation (ITFC) (www.ITFC-IDB.org), a member of the Islamic Development Bank (IsDB) Group, and the Trade and Development Bank Group (TDB Group) have been collaborating for several years financing the trade of commodities which are critical to the food and energy security of TDB Group Member States. Building on more than US$ 800 million in TDB participation in ITFC syndicated facilities, the multilateral financial institutions […]

  Major milestones across the MSGBC basin are accelerating the region’s rise as a leading African energy hub, with the Greater Tortue Ahmeyim (GTA) LNG project commencing commercial operations and Senegal’s Sangomar oilfield coming online. These achievements mark a decisive shift in the basin’s capabilities, positioning the MSGBC region as a growing exporter of both gas and liquids while attracting new waves of international investment. Yet as production scales upward, […]

  Mauritania has advanced its clean energy agenda with the August 2025 unveiling of a 160 MW solar plant, 60 MW wind farm and large-scale battery storage systems - all to be developed under a new public-private partnership framework. The announcement comes as the MSGBC basin undergoes rapid transformation in its energy sector, following the start of LNG production at the Greater Tortue Ahmeyim project earlier this year – a […]

  Africa’s Green Economy Summit (AGES 2026) is set to host an unparalleled showcase of investment-ready green economy projects from across the continent. With over 100 applications meticulously vetted by its expert investors committee, nearly 30 pioneering Pan-African initiatives have been selected to present their transformative solutions. This curated pipeline, spanning crucial sectors from clean energy to climate-smart agriculture, underscores Africa's pivotal role in the global green transition and AGES […]

  Payroll fraud creates considerable losses for South African companies and taxpayers. The Public Servant Association revealed that ghost employees are costing the public purse nearly R4 billion. The Chartered Institute of Payroll Professionals estimated that payroll fraud steals at least R100 million annually from businesses and represents roughly 10% of business fraud cases. Yet, these are not the activities of mastermind criminals. Payroll fraud is often incredibly basic. But […]

  The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a €17.71 million loan to support the second phase of Cabo Verde’s E-Governance and Public Financial Management Reform Programme. The Bank’s Board of Directors approved the financing on Monday, continuing support that began last year as the island nation seeks to leverage technology for economic growth and administrative efficiency. “The aim of this budgetary support, building […]

  Vodacom Group (www.Vodacom.com), a leading pan-African telecommunications group, today announced a transaction that would significantly increase its ownership in Safaricom, reinforcing its commitment to the East African markets of Kenya and Ethiopia. Under the terms of this transaction, Vodacom has entered into an agreement with the Government of Kenya to acquire 15% of Safaricom PLC and an additional 5% from Vodafone at KES34 per share, valuing the deal at […]

  Social science training organized by the National Union of Eritrean Youth and Students has been provided to 1,875 youth from the Warsai-Yikealo School in Sawa. The training covered the National Charter, administration and leadership, types and objectives of government, foundations of Eritrean national culture and values, health and productivity of youth, the foothold and unity of the Eritrean people, nation-building and development, benefits and significance of organization, globalization and […]