Category: Key developments

Libya has officially commissioned its inaugural solar power facility in the remote southeastern town of Kufra, deep in the Sahara Desert near Egypt, Sudan, and Chad.

The British government is stepping up efforts to convince more African businesses to choose London as their gateway to international capital.

The African Development Bank (AfDB) and Japanese drone manufacturer Aerosense Inc. have formalized a collaborative pact aimed at expanding drone-based solutions in Africa.

South Africa has introduced its first AI-powered tutor robot, Iris, at a launch event in Durban, a move expected to reshape the country’s education system.

Global venture capital firm 500 Global has partnered with the United Nations Development Programme (UNDP) to introduce its first founder-focused programs in Nairobi.

Mercedes‑Benz, through its Daimler Truck division, has committed to building a truck assembly plant in Senegal.

Nearly half of Africa’s population, about 600 million people, remain without electricity in 2024.

Visa, a global payments powerhouse, has selected 22 fintech startups to join the fourth edition of its Africa Fintech Accelerator.

The International Monetary Fund (IMF) has released its July 2025 update on the global economy. For Africa, the outlook is cautiously optimistic.