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Economic News

AfCFTA signs $3.1 billion deal to modernize customs across Africa

The African Continental Free Trade Area (AfCFTA) Secretariat has signed a 20-year, $3.1 billion concession agreement to modernize customs systems across Africa, in a move aimed at reducing border delays, improving trade facilitation and accelerating intra-African commerce.

The agreement, signed with Nigerian company Bergmans Security Con...

Published on Aug 11, 2026

Canada announces C$17 million for seven projects across West Africa

Canada has announced approximately C$17 million in funding for seven projects in Benin and across West Africa, targeting women’s economic empowerment, education, energy, border security and regional police cooperation.

The announcements were made by Canadian Foreign Affairs Minister Anita Anand during her visit to Benin and Cô...

Published on Aug 11, 2026

Côte d’Ivoire: FinDev Canada lends €40 million to NSIA Banque to support SMEs and climate finance

FinDev Canada, Canada’s bilateral development finance institution, has committed a €40 million ($46.5 million) loan to NSIA Banque Côte d’Ivoire to expand financing for small and medium-sized enterprises, support women-led businesses and fund climate-related projects.

The investment, equivalent to about 26.2 billio...

Published on Aug 11, 2026

Côte d’Ivoire and France sign 23 billion CFA franc financing agreements for Agora programme and Abidjan metro

Côte d’Ivoire and France have signed two financing agreements worth a combined 23 billion CFA francs ($40 million), or about €35 million, to support the development of sports facilities under the Agora programme and works linked to the Abidjan metro project.

The agreements were signed in Abidjan by Côte d’Ivo...

Published on Aug 08, 2026

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