Top 5 investments made in Africa’s critical minerals in 2023

The global energy transition has driven interest in Africa’s critical mineral reserves, resulting in a surge in demand for resources essential to the development of solar photovoltaic technology, wind farms and electric vehicles. As the world’s largest economies vie for strategic control over critical mineral value chains, Africa – which is home to 30% of

Fitch affirms ETI’s credit worthiness at B-, outlook stable

Fitch Ratings has affirmed Ecobank Transnational Incorporated’s (ETI) Long-Term Issuer Default Rating (IDR) at ‘B-‘ and Viability Rating (VR) at ‘b-‘ and removed these ratings from Rating Watch Negative (RWN). It also kept the Outlook of the Pan-African Bank as stable. According to the UK-based firm, ETI’s Government Support Rating of ‘no support’ is unaffected.

How coups, climate, cost of living shaped 2023 in Africa

The year 2023 was a period full of high-stakes geopolitical drama and economic crises for Africa. Flooding in East Africa The drama and economic crises sometimes seemed like an escalation of existing challenges of previous years. New conflicts – internal and external – emerged and a series of flawed elections opened the door for the

Africa: memorandum signed to develop genomics potential

57 Africa is poised to expand the use of genomics on the continent to prepare for future pandemics. This is the meaning of the Memorandum of Understanding (MoU) signed between the African Society for Laboratory Medicine (Aslm) and Illumina, a global leader in sequencing technology, during the sixth biennial Aslm2023 conference in Cape Town, South

Co-creating value-driven offerings via Fintech

The Nigeria Fintech gathering, though not insulated from challenges, can provide a robust platform for strengthening partnerships to promote innovation and product diversification while building resilience for scalable and sustainable impact, writes JOSEPH INOKOTONG. The sixth edition of the Nigeria Fintech Week has come and gone but the memory continues to linger. It was aptly

Morocco, Senegal Supports Early Completion Of $25bn Nigeria-Morocco Gas Pipeline

Morocco and Senegal have engaged in discussions for more support towards seamless execution of the $25 billion Nigeria- Morocco gas pipeline project. Senegal’s minister of Petroleum and Energies Antoine Felix Abdoulaye Diome reiterated his country’s support for the Nigeria-Morocco gas pipeline at the week during a meeting with Director General of Morocco’s Office of Hydrocarbons