Ghana
EBID approves $417mn in West Africa projects, plans to double balance sheet
The ECOWAS Bank for Investment and Development (EBID) plans to double its balance sheet to about $4.4bn to support larger infrastructure financing.
Mega-deals, debt financing and M&A drive African startup funding to $1.44bn in H1 2026
Investors backed fewer African startups in H1 2026 than a year ago, but deals were larger, with electric mobility Spiro leading funding, while M&A activity reached a record high.
Bank of Ghana governor warns Africa's domestic debt boom is shifting risk to lenders
Africa's shift towards domestic borrowing is reducing foreign exchange risk but increasing exposure within national banking systems, BoG Governor Johnson Pandit Asiama says.
Sub-Saharan Africa's green transition could create up to 84.5mn jobs by 2050, report says
Africa's green transition is expected to be driven by decentralised, service-based industries such as clean cooking, off-grid solar, waste recycling and electric mobility.
African countries see SMRs as key to future nuclear development
Small modular reactors are increasingly being seen as the future of nuclear power in Africa, with a growing number of countries viewing the technology as a way to expand electricity access and support long-term economic development.
Algeria, Nigeria offer biggest opportunities in Africa for low-cost methane emissions cuts, report finds
African oil & gas producers can achieve significant methane emissions cuts using existing tech, Carbon Limits says, noting infrastructure, regulation and gas commercialisation prospects will determine the economics of abatement.
AfDB becomes first external shareholder in West Africa's Bank for Investment and Development
The African Development Bank Group has become the first IDI to join the shareholder base of ECOWAS' EBID, committing a $30mn equity investment and a $70mn credit line.
Emirates adds four weekly Dubai-Accra flights as Ghana demand grows
UAE-based Emirates Airlines is set to add four weekly services between Dubai and Accra from July 12 as it continues to boost its Africa connections.
World Bank cuts Sub-Saharan Africa growth forecast as energy shock bites
The World Bank warns that higher energy costs and weaker external demand stemming from the Middle East conflict are outweighing the benefits of structural reforms, stronger commodities prices
Illicit gold networks fuelling conflict, organised crime across Africa and global south, GI-TOC warns
Illicit gold has become a critical source of financing for organised crime, armed groups and sanctioned regimes across Africa, a Global Initiative Against Transnational Organized Crime report finds.
AEC presents African Energy Person of Year 2026 award to Nigeria’s Aliko Dangote
The African Energy Chamber (AEC) has presented the “African Energy Person of the Year” award to Nigerian businessman and industrialist Aliko Dangote, the founder, president and CEO of the Dangote Group.
Russia plans Africa summit in October as Moscow deepens Sahel ties
Russia will hold its latest Russia-Africa summit in October, according to officials involved in preparations for the event, as Moscow seeks to expand political, military and economic influence across Africa.
Argentina is the IMF biggest debtor followed by Ukraine
Argentina remains by far the largest debtor to the International Monetary Fund, underscoring the depth of its long-running financial crisis and its dependence on multilateral support.
Africa-focused Atlantic Lithium agrees $210mn takeover by China’s Huayou Cobalt
Huayou Cobalt, a major Chinese battery materials producer, has been actively securing lithium, cobalt and nickel assets globally amid a domestic drive to strengthen supply chains for the electric vehicle sector.
IMF: Africa shifts from external to domestic debt come with rewards and risks
A major transformation is underway in sub-Saharan Africa: Governments are increasingly shifting borrowing away from external debt and toward domestic debt. This trend brings fresh opportunities to build resilience and support development.
Number of people without electricity halved since 2000 – OWID
Most people in the world would think very little before flicking on the lights, charging a mobile phone or turning on a laptop to read this.
Istanbul-listed Aksa Enerji obtains $300mn six-year loan from Africa Finance Corporation
Funding will finance power plant investments across African continent.