Africa News

Investments & Funding

World Bank approves $500 million Morocco loan for jobs and green growth reforms

The World Bank has approved a $500 million financing package for Morocco under its First Jobs and Green Growth Development Policy Loan. The programme supports labour market reforms, SME development, clean energy investment, and pharmaceutical export expansion, with targets including 330,000 job seekers and over 40,000 new childcare places.

2 days ago • Morocco

Renewable Energy

AfDB's SEFA launches $20 million green hydrogen facility for African projects

The African Development Bank's Sustainable Energy Fund for Africa (SEFA) has launched a Green Hydrogen Programme call for proposals, offering up to $20 million in pre-investment financing for three to five projects. The reimbursable grants will support feasibility studies, engineering design, and transaction advisory services to advance projects toward final investment decision.

3 days ago • Africa

Investments & Funding

AfDB approves $10.4 million grant for Ghana's public financial management reforms

The African Development Bank has approved a $10.41 million grant to strengthen Ghana's public financial management, improve domestic resource mobilisation, and prepare a new national development plan. The SIEFEG project targets spending oversight, gender equality, and climate resilience amid recent macroeconomic improvements including reduced inflation and fiscal deficit.

7 days ago • Ghana

Oil & Gas

Subsea7 secures substantial contract from Chevron for Aseng Gas Monetisation Project

Subsea7 has been awarded a substantial contract by Chevron’s subsidiary Noble Energy EG Ltd for subsea installation on the Aseng Gas Monetisation Project offshore Equatorial Guinea. The scope includes flowline and umbilical installation for a single-well tieback in 800-metre water depths.

1 week ago • Equatorial Guinea

Software & IT

SLB secures three-year enterprise software deal to digitize Azule Energy operations in Angola

Azule Energy has signed a three-year contract with SLB to expand the use of its digital operations platform in Angola. The software will integrate reservoir modeling and well planning to cut project lead times and automate workflows.

2 weeks ago • Angola

Food

AfDB invests $15 million in SPE PEF III to back growth-stage African businesses

The African Development Bank Group has approved a $15 million equity investment in SPE PEF III, a private equity fund targeting growth-stage companies in North Africa and select sub-Saharan markets. The fund focuses on manufacturing, business services, and human capital sectors, aligning with the Bank's strategic priorities.

2 weeks ago • Africa

Public Procurement

World Bank and IFC launch US$25.75 million initiative to drive Djibouti’s economic diversification and SOE reform

The World Bank Group has initiated its first performance-linked financing program in Djibouti with a US$25.75 million grant. This project, co-led by the International Finance Corporation, marks the start of a US$75.75 million decade-long commitment aimed at restructuring state-owned enterprises and enhancing the private sector investment climate to foster long-term job creation.

2 weeks ago • Djibouti

Ports & Shipping

African Development Bank commissions hybrid ferry to modernise Gambia river transport

The African Development Bank has financed a $20.56 million green ferry under the Banjul Port Expansion Project, commissioning the hybrid vessel to connect Gambia's North and South Banks. The Barra Ferry, capable of carrying 1,000 passengers and 50 vehicles, supports climate-resilient transport and reduces emissions.

2 weeks ago • Gambia

Investments & Funding

African Development Bank outlines $209 million strategy for Lesotho with private sector focus

The African Development Bank has launched a $209 million Country Strategy Paper for Lesotho covering 2025-2030, introducing non-sovereign operations for the first time. The strategy prioritises sustainable infrastructure and institutional capacity, aiming to unlock private investment in tourism and other sectors amid fiscal pressures.

2 weeks ago • Lesotho

Chemicals & Fertilizers

Manuchar expands South Africa footprint with acquisition of CJP Chemicals

Belgium-based chemical distributor Manuchar has agreed to acquire South African firm CJP Chemicals, a deal valued on the basis of the latter's annual revenues exceeding USD 100 million. The acquisition, pending antitrust approval in Q3 2026, aims to deepen Manuchar's regional coverage and broaden its specialty chemicals portfolio.

3 weeks ago • South Africa

Oil & Gas

Reganosa to lead project management for Senegal LNG import terminal development

Reganosa has been appointed as the project management consultant (PMC) for a new liquefied natural gas import terminal in Dakar, Senegal. Developed by ELTON Logistics and Services, the multi-phase project aims to enhance national energy security through a floating storage unit and modular regasification solutions, marking a significant expansion for the Spanish firm in the African energy sector.

3 weeks ago • Senegal

Hospitals & Healthcare

World Bank approves $135 million financing for Senegal health system overhaul

The World Bank has approved $135 million in financing for Senegal's NAATANGUE 2030 programme, targeting maternal and child health outcomes and financial protection. The package combines IDA credit with grants from the Global Financing Facility and a multi-donor trust fund to expand insurance coverage and strengthen emergency care.

4 weeks ago • Senegal

Oil & Gas

KBR awarded project management contract for new Libyan refinery development

KBR has secured a contract from Zallaf Exploration to provide project management and technical services for the South Refinery Project in southwest Libya. The 50-month engagement covers EPC phase support for the Ubari facility, building on KBR's historical involvement in Libyan infrastructure development.

4 weeks ago • Libya

Pharmaceuticals

Strides acquires Sandoz branded generics portfolio to expand Sub-Saharan Africa footprint

Strides Pharma has agreed to acquire a portfolio of branded generic products from Sandoz across Sub-Saharan Africa, covering anti-infective, cardiovascular, and dermatology segments. The $12 million deal spans four key markets and includes both full acquisition and continued marketing rights, positioning Strides among the region's top five pharmaceutical companies.

4 weeks ago • Sub Saharan Africa;Nigeria