Unemployment among South Africans aged 15–24 rose to 62.4% in Q1 2025 • Total youth jobless rate (15–34) reached 46.1%, up 9.2 points in 10 years • Nearly 1.9 million young people stopped looking for ...

Italy has reaffirmed its partnership with the African Development Bank and expressed keenness to explore mutual growth opportunities in Africa under the Mattei Plan. Stefano Gatti, Director General ...

Cabo Verde has inaugurated the Mindelo Technology Park, completing the second campus of the TechPark CV project funded by the African Development Bank. The facility aims to establish the country as a ...

Tidjane Thiam re-elected as head of Côte d’Ivoire’s PDCI party with 99.77% of the vote • He dismissed recent criticism and pledged to focus on leading the party back to power • His leadership faces ...

Ethiopia has signed $1.7 billion in investment deals, mainly in mining and solar panel production. • Most commitments come from Chinese companies, reinforcing China’s lead as top investor. • The deals ...

In 2024, 59% of Chinese energy projects announced in Africa were in renewables. From 2010 to 2021, China provided $65 billion in financing for renewable projects across the continent. Chinese solar ...

Senegal has launched a nationwide project to build 100 warehouses and 20 cold rooms. The program is designed to reduce post-harvest losses, which cost CFA100 billion annually. Spanish firm INTERMAQ ...

Ghana will seek private partners to handle electricity billing in a move to recover payments and reduce losses. The state power distributor ECG currently recovers only 62% of what it buys from ...

An IMF delegation will visit Gabon in mid-June 2025 to assess economic progress. Gabon hopes the visit will lead to a new financing agreement after a previously suspended program. Fitch Ratings ...

Egypt will offer a 15% discount on Suez Canal transit fees for large container ships starting May 15, 2025, for 90 days. The move follows a ceasefire agreement involving the U.S. and Houthi rebels and ...

Africa’s digital economy is growing rapidly, and the demand for data storage, processing power, and AI capabilities is accelerating. The introduction of high-power density local data centres enables ...

Despite an official unemployment rate of 4.3% in Q2 2024, Nigeria still faces high youth underemployment. Skill-based public-private partnerships are gaining ground to improve job readiness. Over 150 ...