Category: AFRICA

Explainer-How did Ivory Coast and Ghana’s cocoa sales crisis come about?

By Reuters Commodities First Published 02/26/2026, 11:00 AM,Updated 02/26/2026, 11:48 AM By May Angel The producers of half the world’s cocoa – Ivory Coast and Ghana – have struggled to sell beans and pay farmers this year due to ample global harvests, lower cocoa prices and falling demand from chocolate makers for the ingredient. Why did the two countries fare worse than rival producers and what are they doing to address the problem? HOW DID WE GET HERE? Cocoa is not freely traded in Ivory Coast and Ghana. Rather, the…

Dangote Cement signs $1bn deal with Sinoma for 12 new plants across Africa

by Caleb Obiowo, Nairametrics First Published- February 28, 2026 Dangote Cement Plc has signed a $1 billion agreement with Sinoma International Engineering for the construction of 12 new cement plants and the expansion of existing facilities across Africa. The deal was disclosed by MarketForces Africa following the signing of a Memorandum of Understanding (MoU) in Lagos on Friday. The agreement supports Dangote Cement’s drive to scale production, expand its market footprint, and consolidate its leadership across the continent What they are saying  Aliko Dangote, President and CEO of Dangote Industries Limited, described the projects as key enablers for reaching a production…

AIFF Launched to Strengthen Continental Financial Sovereignty

African Heads of State and Government on February 14, 2026, formally launched the Africa Infrastructure Financing Facility (AIFF), a coordinated, Africa-led platform designed to accelerate the preparation and facilitation of financing for priority cross-border infrastructure projects aligned with Agenda 2063,says an official statement issued in Addis Ababa,Wednesday. The launch took place during the Third Presidential High-Level Dialogue of the Alliance of African Multilateral Financial Institutions (AAMFI), convened on the margins of the 39th African Union Summit under the theme: “Strengthening Africa’s Financial Architecture to Finance Agenda 2063.” Held under the patronage of H.E.…

Upbeats on Non-Interest Banking & Finance in Ghana: Inputs of SEC and NIC Due Soon

Report: Mohammed A. Abu The Special Advisor to the Governor of Bank of Ghana on Non-Interest Banking and finance Prof John Gartchie Gatsi,has disclosed that the Securities Exchange Commission(SEC ) and National Insurance Commission(NIC) have gone very far regarding sukuk and Takaful Guidelines expected to be out, between March-April, 2026. Prof Gasti therefore  advised potential local and foreign  parties interested in rendering services relating to sukuk (non-interest bond) and Takaful (non-interest insurance) to rather  consider engaging directly SEC and NIC and not the Bank of Ghana. The two institutions, he…

African startups get $180 billion from a small, rich island and Gulf financiers

Chinedu Okafor First published, 27 January 2026 04:25 PM Africa, in the last decade, has emerged as one of the fastest-growing tech markets, given its rapid tech and mobile adoption, underpinned by a youth population. Africa has become a rapidly growing hub for technology, driven by high mobile adoption and a youthful population. Significant investments exceeding $180 billion have been made by advanced economies, including Japan and Gulf states, into Africa’s tech sector. Japanese organizations and funds, along with institutions like JICA, have played a crucial role in reshaping Africa’s…

GIADEC, Metalloid, GIBDLC sign $60m agreement to develop Nyinahin mines

Daily Graphic,First Published, Jan – 16 – 2026 , 09:57 The Ghana Integrated Aluminium Development Corporation (GIADEC), Metalloid Resources Investment (Metalloid) and the Ghana Integrated Bauxite Development Limited Company (GIBDLC) have signed a $60 million agreement aimed at advancing mining activities in Nyinahin in the Ashanti Region.  The strategic partnership, signed in Abu Dhabi, the capital of the United Arab Emirates (UAE), last Wednesday, is part of a broader initiative of GIADEC, a special purpose vehicle, to develop Ghana’s aluminium industry, focusing on the exploration and commercialisation of the country’s estimated…

Ghana Makes Strides in Non-Interest Banking  Introduction

…..As Country’s Central Bank Finally Issues Guidelines Report: Mohammed A. Abu Ghana’s Central Bank (Bank of Ghana) has finally issued its Guidelines for the Regulation and Supervision of Non-Interest Banking 2025, bringing to an end, the decades long much expected introduction of  the globally  most patronized alternative financing model into the country’s financial system. The introduction of Non-interest banking came out as one of the key policy recommendations during last year’s National Economic Forum which tended to have stimulated the pursuit of a series of pragmatic action measures by the…

Ghana to raise ₵10 billion in first-ever domestic infrastructure bond

in Economy, Real Estate and Construction, Sectors Nairametrics by Israel Ojoko  First Published,January 9, 202 Ghana is preparing to raise ₵10 billion ($935 million) through its first domestic infrastructure bond to finance roads and interchanges across the country. The sale will be split into two tranches of ₵5 billion each, issued in the first and second halves of the year, with longer-dated tenures. Details of the offering, along with other domestic bond issuances, are expected to be published in an issuance calendar later this month. What the sources are saying  According to one source,…

Innovate Ghana: Qualcomm Make in Africa Startup Mentorship Initiative

Open Call: Qualcomm Make in Africa Startup Mentorship Program Deadline Date: February 15, 2026 The Qualcomm has launched the Qualcomm Make in Africa Startup Mentorship Program, an equity-free initiative designed to support promising early-stage startups across Africa applying advanced connectivity and processing technologies to innovative end-to-end system solutions. The focus areas and themes of the program include advanced connectivity and processing technologies, end-to-end system solutions including hardware, business coaching, engineering consultation for product development, intellectual property protection, artificial intelligence including AI-Hub, Internet of Things, Extended Reality, compute technologies including AI-PC, 5G,…

Looted African belongings must be returned: is it repatriation or restitution? The words we use matter

The Conversation First Published,25th December,2025 Authors 1.Victoria Gibbon:Professor in Biological Anthropology, Division of Clinical Anatomy and Biological Anthropology, University of Cape Town 2.Ciraj Rassool: Senior Professor of History, University of the Western Cape Museums and universities around the world hold vast collections of cultural artefacts, artworks, objectified belongings and even ancestral remains. Many were not freely given but taken during colonial times, through force, manipulation, theft or violence. For decades, they have sat in storerooms and display cases, classified into categories like anthropology, natural history or ethnology, separated from the…