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Niger Signs US$1.9 Billion Deal for New Oil Refinery and Petrochemical Complex
Niger has signed an agreement with Canadian group Zimar Inc. to build a 100,000-barrel-per-day oil refinery and petrochemical complex in Dosso. The project is estimated to require US$1.9 billion in investment and is intended to increase domestic fuel production and reduce the country’s reliance on imported refined products. The agreement was signed on 15 August
TVS Motor Enters Africa With iQube Electric Scooter in Kenya
TVS Motor Company has launched its iQube electric scooter in Kenya, marking the Indian manufacturer’s first entry into the African market. The scooter will be sold through Car & General, which has operated in Kenya for more than two decades and will handle local distribution and after-sales support. The iQube is available in two variants,
CBE Sets October Date for Third Cybersecurity Awareness Conference in Addis Ababa
The Commercial Bank of Ethiopia will host its third Cybersecurity Awareness Month Conference on 29–30 October 2026. The event will bring together financial sector professionals, technology companies and other stakeholders to discuss cybersecurity and digital resilience. CBE will hold the conference at its Headquarters in Addis Ababa, with CIO Africa by dx5 serving as the
Three Moroccan Cleantech Startups Advance to ClimateLaunchpad Africa Final
Morocco’s cleantech startup ecosystem has produced three finalists for the 2026 ClimateLaunchpad Africa Regional Final, following the country’s national competition in Rabat. The 2026 ClimateLaunchpad Morocco National Final brought together 12 startups selected from more than 200 applicants. The finalists presented their climate-focused solutions to a jury at the Residence of the Dutch Ambassador to
Founder Fridays : Nyawo Group
Starting a business at 19 gave Thobile Nyawo an early introduction to entrepreneurship. After matric, a delayed bursary application meant she had to find work instead of immediately going to university. She took a temporary construction job as a safety representative, The experience gave her a different view of the construction industry and introduced her
The Mining wrap
This week’s Mining Wrap covers mining technology, strategic transactions, mine development, production and supply-chain financing across Africa. Highlights include Nigerian startup Fylings adding mining data to its company intelligence platform, CMOC’s solar and battery-storage programme in the DRC, Fortuna Mining’s US$200 million Senegal acquisition, and Barrick’s restoration of production at Loulo-Gounkoto in Mali. Mining Technology
Pesaflow Explores GovTech Opportunities in Democratic Republic of Congo
Kenyan fintech Pesaflow is exploring opportunities in the Democratic Republic of Congo (DRC) as the government expands digital public services and moves more business and administrative processes online. DRC Digital Economy Minister Augustin Kibassa Maliba met a Pesaflow delegation led by director Jovis Omondji Okoth in Kinshasa on 11 August, with discussions covering digital business
Uganda Adds 24 MWp of Solar Capacity as Ituka Plant Starts Grid Supply
Uganda has added new solar generation capacity after AMEA Power energized the 24 MWp Ituka Solar PV Plant in Madi Okollo District, northwest Uganda. The project has started feeding electricity into the national grid and is expected to strengthen supply in the West Nile region, which was connected to the national grid in 2024. AMEA
Mozambique Approves $50 Million Emergency Fuel Import Facility
The Mozambican Government has approved an emergency mechanism that will allow state-owned oil company PETROMOC to mobilise up to US$50 million for fuel imports during a crisis. The measure was established through Council of Ministers Resolution No. 65/2026, approved on 7 July 2026, providing the legal framework for PETROMOC to access the funds and support
Clea Launches Vendor Payments for African Businesses Trading Globally
Nigeria based Clea, a stablecoin powered cross-border payments startup, has launched Vendor Payments, a new feature that allows businesses to pay international suppliers, auction platforms and shipping companies directly through its platform. Clea provides African businesses with access to foreign currency and infrastructure for making international supplier payments. The platform combines stablecoin settlement with compliance
Cameroon Connects 100 Women Entrepreneurs With Investors and Finance
The Conference of Ministers of Youth and Sports of the Francophonie (CONFEJES) is preparing to connect 100 women entrepreneurs from Cameroon with financial institutions, investors and potential business partners through a new initiative targeting businesses in agriculture and the digital economy. The entrepreneurs will be selected from Cameroon’s 10 regions for the Women’s Agri-Digital Entrepreneurship
Blockops Network Raises $250,000 for Blockchain Infrastructure
Nigerian blockchain infrastructure startup Blockops Network has raised US$250,000 in pre-seed funding from Antler VC as it expands its technology for financial institutions and businesses using blockchain-based services. The company provides infrastructure that allows banks, payment companies, asset managers and other institutions to deploy blockchain applications without developing the underlying systems themselves. Its offering covers
ECOWAS Launches 2026 Startup Awards With $65,000 Prize Pool
Startups across West Africa can now apply for the 2026 ECOWAS Startup Awards, with the regional competition offering $65,000 in cash prizes to the top three winners. The second edition of the awards aims to identify and support high-impact startups contributing to digital transformation, regional integration and sustainable value-chain development across West Africa. ECOWAS Targets
Eight African Ventures Selected as ASME ISHOW Regional Finalists
Eight African social ventures have been selected as regional finalists for the 2026 ASME Innovation Showcase (ISHOW), an international hardware accelerator supporting technologies that address social and environmental challenges. These ventures will compete for three places in the 2026 global ISHOW cohort. Successful finalists will receive grant funding, technical support and access to ASME’s engineering
Moroccan Startup WATT.MA Launches EV Charging Management Platform
Moroccan climate-tech startup WATT.MA has launched its Charge Point Management System, giving charging operators, site owners and fleet managers a platform to manage and generate revenue from electric vehicle (EV) charging infrastructure. The platform went live on 10 August 2026 and is now onboarding customers and charging partners as the company expands its presence in
Africa50 Secures US$50 Million for Climate-Resilient Infrastructure Investment
Africa50 has secured US$50 million from international development finance institutions to support early-stage investment in climate-resilient infrastructure projects across Africa. The funding will strengthen the platform’s ability to develop and prepare infrastructure projects for financing. Africa50 works with governments and investors to de-risk projects and move them towards implementation. In addition, the platform has 38
Sonangol Confirms Major Gas Potential at Angola's Katambi Field
Sonangol and Angola's oil regulator have confirmed significant gas and condensate potential at the Katambi field, following successful testing of the Katambi-2 appraisal well on Block 24. The well recorded a stabilised flow rate of 41 million cubic feet of gas per day and 1,160 barrels of condensates per day, while preliminary results indicate that
DRC Keeps Digital Tax Framework in Place, Exempts Startups
The Democratic Republic of Congo (DRC) will keep its new tax framework for digital businesses in place, while startups will be exempt from the fees and charges introduced under the measures. The clarification came on 6 August, when Digital Economy Minister Augustin Kibassa Maliba met representatives of the country's digital sector in Kinshasa to discuss
Dangote Targets October Groundbreaking for $16 Billion Kenya Refinery
East Africa could move a step closer to producing more of its own refined fuels after Aliko Dangote confirmed plans to begin construction of a US$16 billion oil refinery in Lamu, Kenya, in October 2026. The proposed refinery is designed to process 700,000 barrels of crude oil per day, supplying Kenya and neighbouring markets including
Vaalco Steps Up Gabon Drilling as Etame Field Faces Production Decline
Vaalco Energy has brought a new gas well online and drilled an appraisal well at its offshore Etame field in Gabon, as the U.S.-based oil producer works to extend the life of the mature asset. The company announced the results of the two operations on 5 August, as part of a drilling campaign launched late