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DRC and Zambia sign $2bn China-backed EV battery corridor deal for copper and cobalt processing

Vaughn Hillyard Jun 4, 2026
The DRC and Zambia signed a $2 billion China-backed deal to develop an EV battery corridor for copper and cobalt processing in the Central African Copperbelt.
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Flutterwave hires new compliance chief and targets 2026 IPO after closing $150m funding from US…

Vaughn Hillyard Jun 3, 2026
Flutterwave appoints Prashant Kalia as Chief Risk and Compliance Officer after raising $150M from U.S. investors, targeting a 2026 IPO.
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DRC signs $2.3bn cobalt and lithium mining expansion with Chinese firms as US warns on critical…

Vaughn Hillyard Jun 3, 2026
The DRC signed a $2.3 billion deal with Chinese firms to expand cobalt and lithium mining amid US concerns over critical minerals security.
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Côte d’Ivoire cocoa regulator forecasts 20% export drop as farmers push for higher farmgate prices

Vaughn Hillyard Jun 2, 2026
Côte d’Ivoire’s cocoa regulator forecasts a 20% export decline for 2025/26 amid reduced supply and farmer demands for higher prices.
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Safaricom Kenya, Ethiopia units lift group profit on M‑Pesa and Addis mobile subscriber growth

Vaughn Hillyard Jun 2, 2026
Safaricom Group's service revenue rose 11.5% to KES 414.1 billion in 2026, driven by growth in Kenya and Ethiopia's M-Pesa and mobile subscribers.
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Nigeria CBN keeps policy rate unchanged as Olayemi Cardoso defends tight stance to curb inflation…

Vaughn Hillyard May 31, 2026
The Central Bank of Nigeria held its policy rate at 26.5% to control inflation and stabilize the naira, says Governor Olayemi Cardoso.
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South Africa and Kenya corporate earnings season highlights telecom, banking and retail resilience

Vaughn Hillyard May 31, 2026
South African and Kenyan telecom, banking, and retail sectors showed resilient 2024 earnings despite economic challenges, led by MTN, Vodacom, and strong banks.
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Morocco, Egypt and Ethiopia court new infrastructure financing as Chinese and US investors chase…

Vaughn Hillyard May 31, 2026
Morocco, Egypt, and Ethiopia seek new infrastructure financing in 2024, attracting investments from Chinese, U.S., and multilateral sources.
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Morocco signs $500m China-backed EV battery plant deal to process local cobalt and nickel

Vaughn Hillyard May 30, 2026
Morocco signed a $500 million deal to build a China-backed EV battery plant processing local cobalt and nickel to boost its mineral value.
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Morocco reaches €250m EIB green bond deal to finance solar and wind grid upgrades

Vaughn Hillyard May 30, 2026
The European Investment Bank will provide Morocco €250 million via a green bond to upgrade solar and wind power grid infrastructure.
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