Africa: Foras.Ai Backs Arabic Ai Education Platform Efham.Ai

Foras.AI invested in Efham.ai, an Arabic-language AI education platform developed by Egypt-based NixAI, as demand grows for artificial intelligence skills across the Middle East… Read more »

Africa: Aethexai Raises $3m for Voice Ai in Africa and Middle East

AethexAI raised $3 million in pre-seed funding to build voice AI systems for enterprises in Africa and the Middle East, where customer support still depends heavily on phone calls. Read more »

South Africa: Canal+ Becomes First French Company to List in Johannesburg

Canal+ rose in its Johannesburg Stock Exchange debut after the French media group completed its acquisition of MultiChoice, giving South African investors exposure to the enlarged… Read more »

Mali: Moody's Cuts Mali Outlook to Negative On Security Deterioration

Moody's lowered its outlook on Mali's sovereign debt rating to "negative" from "stable" on May 29, 2026, while affirming the long-term issuer rating at Caa2 in both local and… Read more »

Niger: Niger Secures Concessions From China's CNPC As Oil Output Stabilizes

Niger concluded new memoranda of understanding with Chinese partners on May 18, 2026, ending a year of tensions with China National Petroleum Corporation (CNPC), the world's… Read more »

Congo-Brazzaville: Emirati Group Ad Ports Awards $200m Congo Terminal Contracts

AD Ports Group awarded contracts worth about AED735 million, or nearly $200 million, for the construction and equipment of a new container terminal in Pointe-Noire, Republic of… Read more »

Nigeria: AfDB Approves $200m Facility for Nigeria's Bank of Industry

The African Development Bank approved a $200 million financing facility for Nigeria's Bank of Industry (BOI) to expand access to long-term credit for companies in sectors tied to… Read more »

Africa: WAEMU Treasuries Raise Cfa 92 Billion in Liquid Market

The WAEMU public securities market recorded strong demand in the week of May 12 to May 15, with 3 member states raising CFA92 billion against an initial target of CFA85 billion. Read more »

Africa: AFC Commits $100m to African Tech Venture Funds

Africa Finance Corporation (AFC), the pan-African development finance institution with over $19 billion in total assets, has committed $100 million to invest in Africa-focused… Read more »

Africa: WHO Declares Global Emergency Over Ebola Outbreak in Congo, Uganda

The World Health Organization declared the Ebola outbreak in Democratic Republic of Congo and Uganda a public health emergency of international concern, its highest alert level… Read more »

Cameroon: AGL Cameroon, Reasy Launch China Shipping Service for SMEs

Africa Global Logistics' Cameroon unit has partnered with REasy to launch a groupage shipping service for small businesses importing goods from China, as both companies seek to… Read more »

Ghana: Fitch Lifts Ghana Credit Rating As Recovery Gains Ground

Fitch Ratings upgraded Ghana's sovereign credit rating to B from B- on May 8, giving the country another sign of recovery after its debt crisis. Read more »

Nigeria: S&p Upgrades Nigeria's Credit Rating for First Time Since 2012

S&P Global Ratings upgraded Nigeria's long-term foreign and local currency sovereign credit ratings to 'B' from 'B-' on May 15, 2026, with a stable outlook. The agency also… Read more »

Nigeria: French Retailer Carrefour Enters Nigeria, Guinea in Franchise Deals

Carrefour said it will enter Nigeria and Guinea through franchise agreements with local partners, expanding its footprint in West Africa. The move is part of its Carrefour 2030… Read more »

West Africa: Nigeria Seeks $5b Swap Deal With UAE Lender to Cut Borrowing Costs

Nigeria plans to raise $5 billion through a derivatives transaction with First Abu Dhabi Bank, as it looks for lower-cost funding amid rising global yields. Lawmakers approved… Read more »

Ghana: UN Backs Ghana-Led Resolution On Slave Trade Reparations

The United Nations General Assembly adopted a resolution recognizing the transatlantic slave trade as a crime against humanity and supporting reparations for African nations, with… Read more »

Africa: Yassir Acquires Kawarizmi to Build Retail Media and Adtech Platform

Yassir has acquired Kawarizmi as it expands into advertising and retail media across Africa, the Middle East and Europe. Read more »

Africa: Morocco Awarded Afcon 2025 Title After CAF Overturns Final Result

Confederation of African Football awarded the 2025 Africa Cup of Nations title to Morocco after its appeal board overturned the final result against Senegal and ruled the match a… Read more »

South Africa: Chinese Budget Brands Reshape South Africa's Auto Market

Chinese and Indian carmakers are reshaping South Africa's auto market as consumers shift toward lower-priced vehicles. Brands such as Chery and Great Wall Motor have gained market… Read more »

Benin: AfDB Backs Benin Deposit Fund With $330,000 to Boost SME Financing

The African Development Bank will provide $330,000 in financial and technical support to the Caisse des Dépôts et Consignations du Bénin to help expand… Read more »

Morocco: Moroccan Startup Colis Opens First European Agency in Brussels

Moroccan cross-border logistics startup Colis has opened its first international agency in Brussels, marking its entry into the European market. Read more »

Egypt: Egypt's Moneyhash Partners With Wayl to Expand Into Iraq

Egypt-based MoneyHash has entered the Iraqi market through a new partnership with Wayl, a local payment solutions provider and merchant of record. Read more »

West Africa: AfDB Backs Saviu With €6.5m to Boost Francophone Startup Funding

The African Development Bank has approved a €6.5 million investment in Saviu II, a venture capital fund targeting early-stage technology startups in Francophone West and… Read more »

Zimbabwe: U.S. to End $367m Health Aid Program in Zimbabwe After Talks Collapse

The United States will wind down its health assistance programs in Zimbabwe after Harare withdrew from negotiations over a proposed bilateral agreement. Read more »

Ethiopia: Ethiopia Sees Return to Double-Digit Growth On IMF-Backed Reforms

Ethiopia expects economic growth to exceed 10% this fiscal year for the first time in nearly a decade, as reforms supported by the International Monetary Fund ease foreign exchange… Read more »