The African Development Bank approved a $16.5 million loan to finance a 35-MW geothermal plant in Kenya. The OrPower Twenty-Two project will sell electricity to Kenya Power under a 25-year power ...

The World Bank is preparing a $250 million grant-funded project to support SME financing in Niger. The project aligns with Niger’s national resilience and reform strategy under the PRSP framework. The ...

The Bank of Ghana cut its policy rate by 250 basis points to 15.5% on January 28, 2026. Inflation fell sharply to 5.4% in December 2025 from 23.8% a year earlier, dropping below target. The cedi ...

StartupBlink ranked 25 African countries in its global innovators index, with 13 in the top 100. South Africa ranked first in Africa at 61st globally, followed by Kenya at 68th. Ivory Coast ranked ...

Ethiopia inaugurated a large cold storage facility for fruits, vegetables, and animal products in Addis Ababa. The $10.9m project targets post-harvest losses that affect over a third of horticultural ...

Nigeria and Turkey signed eight legal instruments and a joint declaration on January 27, 2026. The agreements cover diaspora policy, media, higher education, halal infrastructure, defense, and ...

Algeria issued its first sovereign sukuk worth about $2.3bn to fund development projects. The 7-year sukuk offers a fixed annual return of 6%, paid as rent and tax-exempt. Authorities aim to tap ...

Togo’s inclusive finance fund reviewed its model to adapt to economic and social changes. New priorities for 2026 focus on efficiency, coordination, and wider national impact. The fund has disbursed ...

Ghana may revive syndicated bank loans to finance cocoa purchases after abandoning the system in 2024. Lower global cocoa prices reduced traders’ willingness to prefinance the 2025/2026 campaign.

China cut lending to Africa by 46% in 2024 to $2.1 billion, down from 2023 levels. Large projects above $1 billion shifted from loans to foreign direct investment and trade financing. Five countries ...

Kenya will launch a digital system to automate external debt payments from February 2, 2026. External debt stood at about $42 billion at end-2025, nearly half of total public debt. The platform will ...

South Africa is overhauling its automotive policy to strengthen local manufacturing and growth. The review includes tariff changes, battery manufacturing plans, and fiscal measures. The auto sector ...