The investment will be made through the Lofty Alpha Fund, managed by LoftyInc Capital Management. The fund has a target size of $50 million and will be based in the United States. The International ...

Telecommunications is crucial for economic growth, education, healthcare, and government operations. Poor network performance, especially in underserved areas, disrupts communication, reduces ...

The International Labor Organization recommends allocating at least 1% of GDP to public policies for early childhood education. In Africa, this target has yet to be met, leaving women to bear an ...

The introduction of eSIM technology is a significant development underscored by its potential impact on technology adoption, economic growth, and social inclusion in Africa. The technology simplifies ...

The ECF agreement between Ethiopia and the IMF aims to address economic imbalances, restore debt sustainability, and lay the foundation for more inclusive growth driven by the private sector. The ...

Simon Tiemtoré has become a key figure in African banking. In just four years, he has made big moves, getting attention in the African business world. As French banks pull back from Africa, this ...

The IMF raised Sub-Saharan Africa’s growth forecast by 0.2 percentage points compared to the projections for October 2024. The region’s growth is expected to reach 4.2% in 2025. Sub-Saharan Africa’s ...

Nigeria's overall inflation rate reached 34.8% in December 2024, up from 34.6% in November 2024. This marks the fourth consecutive increase since the rate was 32.15% in August 2024, the National ...

The financing needs for 2025 are estimated at CFA1,200 billion ($1.9 billion), including CFA610 billion through medium- and long-term debt issuance and CFA545 billion raised on the regional financial ...

Canada’s Robex Resources has been running the Nampala gold mine in Mali since 2017. Since then, the mine has delivered 230,000 ounces of gold. Last year, the Malian government doubled its stake in the ...

In October 2023, the African Development Bank reported that Africa’s progress on the SDGs remains uneven. With persistent challenges like poverty and limited energy access, a new study from the ...

This trial highlights the Congolese government's efforts to tackle illegal mining. Found guilty of illegal mining, three Chinese nationals were recently sentenced to seven years in prison in the ...