Sonatel posted a net profit of CFA354 billion in the first nine months of 2026. Revenue rose 10.5%, while stronger margins helped profits grow faster. The telecom group increased investment by 13.9% ...

Nigeria needs about $6 billion in drilling equipment and related infrastructure to reach its oil production target. Recent asset sales have shifted ownership of major oil fields, but equipment ...

The AfDB raised $255 million through a Hong Kong dollar bond that matures in November 2031. Orders exceeded HK$3.4 billion, but lead managers accounted for most of the demand. The deal follows a $2.5 ...

Coris Bank reported a net profit of CFA62.34 billion ($106.3 million) for the first nine months of 2026. Customer deposits grew 26.4%, outpacing the 15.2% increase in net loans. The bank's shares have ...

Moody's has cut Senegal's foreign-currency debt rating to Ca, its fifth consecutive downgrade. The agency now estimates potential losses for external private creditors at 35% to 65%, up from 10% to 20 ...

Private security firm Tantita has acquired drones and AI systems to strengthen surveillance of Nigeria's oil infrastructure. The new equipment allows longer patrols and helps detect suspicious ...

Sinomach Hainan has expressed interest in investing in Côte d’Ivoire's rice and corn industries. Côte d’Ivoire aims to raise farm mechanization from 12% to 40% by 2030. The Chinese group has already ...

Mali is exploring AI tools to detect cyberattacks and respond to online threats more quickly. The country recorded 1,338 cybercrime cases in 2025, including fraud and identity theft. INTERPOL says AI ...

British International Investment has provided $7 million to help Okra Solar purchase equipment in advance. The funding will support equipment for about 150,000 new connections, potentially serving 750 ...

Resolute spent $2.1 million in the third quarter on efforts to extend Mako's life by five to ten years. Two nearby gold deposits could keep the mine producing for about seven more years. The project ...

Tanzania has announced a natural gas discovery at the Kasa-1X ST2 well in Mnazi Bay. Estimates range from 200 billion to 223 billion cubic feet, but recoverable volumes remain unconfirmed. The new ...

Afreximbank has approved and disbursed $975 million to support a management buyout of Oryx Energies SA, paving the way for majority African ownership. The bank serves as the sole lender in the ...