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Economic News

South Africa: African Development Bank injects $332 million to boost private sector growth

The African Development Bank (AfDB) is strengthening its support for South Africa’s private sector with a $332 million financing package aimed at stimulating investment, improving business competitiveness and accelerating economic growth.

The funding is part of the bank’s broader strategy to support South Africa’s econo...

Published on Aug 03, 2026

Côte d'Ivoire: Fortuna Mining to invest $109 million to expand Séguéla gold mine

Canadian mining company Fortuna Mining will invest $109 million (around 65 billion CFA francs) to expand its Séguéla gold mine in northwestern Côte d'Ivoire, increasing processing capacity by about 30% as it seeks to boost production over the next decade.

The expansion will raise the mine's processing capacity from 1....

Published on Aug 03, 2026

Digital Transformation: AERIA Kicks Off Odoo ERP Deployment to Modernize Operations

AERIA (Aéroport International d'Abidjan), the managing company of Abidjan's inte...

Published on Aug 02, 2026

Côte d'Ivoire / Fuel Price Hike: Unleaded Super and Diesel Increase to 905 FCFA and 725 FCFA Respectively

Unleaded super petrol and diesel prices have experienced a new increase in Côte d'Ivoire for the month of August 2026. The price per liter of unleaded s...

Published on Aug 02, 2026

Côte d'Ivoire Targets Over 1,300 MW of Solar Power by 2035

 

With Ferké Solar, Côte d'Ivoire open...

Published on Aug 02, 2026

Gabon seeks to build 4 million-tonne manganese processing capacity by 2029

Gabon aims to develop a local manganese processing capacity of 4 million tonnes per year by January 2029 as the country moves to increase domestic value creation from one of its most important mineral resources.

The government’s strategy is focused on shifting from the export of raw manganese ore to local processing, with authoriti...

Published on Aug 01, 2026

Botswana's President Duma Gideon Boko Receives Ivorian Minister Ahead of Landmark Mining and Energy Cooperation Agreement

Botswana's President Duma Gideon Boko received Mamadou Sangafowa-Coulibaly, Côte d'Ivoire's Minister of Mines, Petroleum and Energy, in Gaborone on July 30, 2026, just hours before the signing of the first-ever cooperation agreement between Côte d'Ivoire and Botswana in the mining and energy sectors.

Carrying greetings from P...

Published on Aug 01, 2026

Côte d'Ivoire launches new programs to accelerate digital innovation.

Côte d'Ivoire's Minister of Digital Transition and Technological Innovation, Djibril Ouattara, officially launched the "Ivoire Tech Next 15" program for digital start-ups and the "Ivoire Tech Scale Up" program for digital SMEs on Wednesday, July 29, 2026, at Sofitel Abidjan Hôtel Ivoire. The event also marked the official opening of...

Published on Jul 31, 2026

Côte d'Ivoire and Botswana Strengthen Mining and Energy Cooperation

Ivorian Minister of Mines, Petroleum and Energy Mamadou Sangafowa-Coulibaly and Botswana's Minister of Minerals and Energy, Bogolo Joy Kenewendo, signed on Thursday, July 30, 2026, in Gaborone the first-ever cooperation agreement between Côte d'Ivoire and Botswana in the mining and energy sectors.

The agreement covers all strategic...

Published on Jul 31, 2026

African Development Fund approves $3.48 million financing to boost industrial and trade capacity in five African countries

The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has approved $3.48 million in funding to strengthen industrial and trade capacities in Cameroon, Chad, Comoros, Madagascar and Togo.

The financing aims to help these countries improve the implementation of the African Continental Fre...

Published on Jul 29, 2026

BOAD makes history with landmark sustainable Samurai bond issuance in Japan

 

The West African Development Bank (BOAD) has reached a major milestone in its international financing strategy by raising 25 billion Japanese yen through its first-ever public issuance of sustainable Samurai bonds, according to information released by the institution.

The operation marks a significant breakthrough for the...

Published on Jul 29, 2026