Semafor africa

Kigali is close to a sponsorship deal with Volkswagen, the cycling federation chief said, dismissing concerns over violence in DR Congo.

The African Union has pushed back against the New York-based Fitch Ratings’ downgrade of the continent’s leading development bank.

As Chinese finance scales back, Africa’s clean energy future increasingly hinges on the appetite of private capital to fund innovation and scale.

The Africa Finance Corporation lays out the case in a new report.

Around $54,000 of raw cashews, kola nuts, and maize were traded in the first 10 minutes of launch, RFI reported.

Terra Industries told Semafor it would supply a dozen drones and more than 35 towers to boost surveillance of two hydropower plants.

The fuel, known as “green” hydrogen, has drawn much interest globally as a way to decarbonize heavy industries that are hard to electrify.

The tech multibillionaire told Semafor in May that he plans to give away “virtually” all his wealth via the Gates Foundation over the next 20 years.

In Ghana, Africa’s top gold producer, production could increase by around 6.25% year-on-year to approximately 5.1 million ounces in 2025.

The Johannesburg Stock Exchange was on pace for its best month in nearly a year, during which it has outperformed the markets of both the US and peer countries.

The talks, due to take place on the sidelines of the UN General Assembly in September, will focus on economic growth.

The daily struggle for citizens in Africa’s most populous nation offers a market opportunity to drive inclusive prosperity.