Washington — The World Bank approved $100 million in financing from the International Development Association (IDA) to help Benin promote access to finance and growth for women entrepreneurs in both the formal and informal sectors. The Women Entrepreneurship Development and Access to Finance Program (WEDAF) is a results-based program (PforR). It will support the government…
The aid is earmarked to help support both countries in border stabilisation efforts, demining and tackling drug trafficking and cyberscams. Published On 9 Jan 20269 Jan 2026 Click here to share on social media share2 Share The United States has announced it will provide $45m in aid to help solidify a fragile truce brokered by…
Starlink’s roaming satellite option. Low-Earth orbit satellite provider Starlink has sent a message to its SA database encouraging them to email the Independent Communications Authority of SA (ICASA) asking it to extend the definition of empowerment ownership. The internet service provider, owned by billionaire Elon Musk’s SpaceX, wants ICASA to accept the policy direction gazetted…
Graphic: Xsolla Xsolla, a global video game commerce company that helps developers launch, grow, and monetize their games, today announced the expansion of MTN Mobile Money (MTN MoMo) as part of its payment solution in Congo-Brazzaville and Zambia. This expansion builds on Xsolla’s existing MTN Mobile Money coverage across Africa, reinforcing its mission to make…
The African Development Bank Group (AfDB) has raised a record $11 billion for the African Development Fund (ADF), which provides low-cost loans to low-income countries to support development projects. This is the largest amount in the Fund’s history, achieved despite cuts in global aid budgets and financial pressures worldwide. The funds, raised from 43 partners…
Nairobi — The United States has signaled a major expansion of its space diplomacy in Africa, convening the first-ever U.S.-Africa Technical and Regulatory Space Training Meeting as Washington seeks to position itself as a long-term partner in the continent’s rapidly growing space sector. The meeting, held under the auspices of the U.S. Department of State,…
Communications and digital technologies minister Solly Malatsi. (Photograph by Jesse Sterk) Communications minister Solly Malatsi gazettes the final policy direction on the role of equity equivalent investment programmes in the ICT sector. [Story] Communications minister Solly Malatsi has gazetted the final policy direction on the role of equity equivalent investment programmes (EEIPs) in the ICT…
Africa’s health sector is facing an unprecedented funding crisis, driven in part by a sharp decline in external health aid, which has fallen by 70% between 2021 and 2025. This shortfall is made worse by a rapidly expanding debt burden in African countries. In 2025, African countries are projected to spend about USD 81 billion…
Afreximbank has highlighted the critical importance of factoring and supply chain finance (SCF) in narrowing Africa’s Small and Medium Enterprises (SMEs) financing gap and building resilient value chains across the continent. Speaking at Afreximbank’s annual Factoring Workshop in Abidjan, Côte d’Ivoire, Mrs Kanayo Awani, Executive Vice President, Intra-African Trade and Export Development (IAED) at Afreximbank…
Washington, DC — The AGOA Alliance, a coalition of U.S. and African business, policy, and trade leaders, today sent a letter to Congressional leadership urging a 2–5-year extension of the African Growth and Opportunity Act (AGOA). The letter, addressed to Senate Majority Leader John Thune, Senate Minority Leader Charles Schumer, Speaker Mike Johnson, and House…
