Author: Nathanael Mavinga

Approximately 1.1 trillion kwachas, or about $634 million, as well as nearly 490,000 jobs, could be generated in Malawi by 2030 through accelerated digital transformation. This estimate is included in a report published by the GSMA, the international organization representing mobile operators and the entire mobile ecosystem, on August 20, 2026. The study highlights that the development of digital services could support the growth of the Malawian economy by improving access to the Internet, business productivity, and the efficiency of public services. However, this potential remains largely untapped. In 2025, 87% of the Malawian population was covered by 4G, but…

Tanzania inaugurated, on Saturday, August 22, 2026, the Julius Nyerere Hydroelectric Power Plant (JNHPP), named after the country’s first president, Julius Nyerere. With an installed capacity of 2,115 MW, the project represents an investment of $2.9 billion for the Tanzania Electric Supply Company (TANESCO). Located on the Rufiji River in the Pwani region, about 250 km southwest of Dar es-Salaam, it was built by the Egyptian consortium Arab Contractors and Elsewedy Electric, who were awarded the contract in December 2018. The inauguration ceremony was presided over by President Samia Suluhu Hassan, in the presence of the Egyptian Prime Minister. The…

MeTL Group plans to invest $250 million in Mozambique and aims to create an additional 20,000 jobs as part of its expansion in Southern Africa. The announcement was made on August 18-19, 2026 by Mohammed Dewji, CEO of the Tanzanian group, following a meeting with Mozambican President Daniel Chapo in Maputo. “We had a very fruitful discussion and we are committed to investing $250 million in Mozambique and trying to employ 20,000 Mozambicans,” Mohammed Dewji said after the meeting. This meeting is part of Mozambique’s efforts to attract more private capital and support economic growth, industrialization, and job creation, as…

According to the annual report and accounts of the Angolan sovereign fund (FSDEA) for 2025, presented on Tuesday, August 25, 2026, the institution has recorded a significant increase in its financial results. Its net profit stood at $527 million, compared to $176 million in 2024, representing an increase of nearly 200% in one year. Gross...

$36.5 million will be invested by the South African energy company Sasol in local development programs in Inhambane by 2030. The program will cover 70 communities spread across three districts: 33 in Inhassoro, 23 in Govuro, and 14 in Vilankulo, according to the annual presentation of the South African company’s operations in Mozambique. Out of a total envelope of $43 million, including contributions from Companhia Moçambicana de Hidrocarbonetos (CMH) and the International Finance Corporation (IFC), $20.8 million will be allocated to Inhassoro, $13.2 million to Govuro, and $9 million to Vilankulo. This second local development agreement is part of the…

The Mozambican government plans to increase the amount of national public investments mobilizable in 2029 to 34.7 billion meticais, equivalent to 475 million euros, compared to 15.2 billion meticais (208 million euros) in 2027. This budget is expected to reach 21 billion meticais (287 million euros) in 2028, according to the Medium-Term Budget Framework (MTBF) 2027-2029, published on August 20, 2026. Infrastructure is expected to absorb the majority of these resources. According to the document, these amounts correspond to national resources that can be allocated to priority programs and projects, taking into account fixed expenses and other budgetary commitments. The…

Goods trade between India and Namibia reached $592.94 million in 2025-2026, up from $568.40 million in the previous fiscal year. The two countries now aim to move beyond a relationship based on raw materials, focusing on local value addition in Namibia, pharmaceuticals, critical minerals, digital, and infrastructure, with mechanisms including defined schedules and responsibilities. This direction was established during the fourth session of the India-Namibia Joint Trade Committee, held on August 10 and 11, 2026 in New Delhi, which concluded with the signing of the minutes agreed upon by the two co-chairs. The Indian delegation was led by Amit Kumar,…

Namibia aims to mobilize up to $250 million in concessional financing to support its green industrialization and attract more private investment and development. To achieve this, the country has launched public consultations on its Sectoral Transformation Investment Plan (s-TIP), announced Sylvester Mbangu, acting executive director of the National Planning Commission, on August 5, 2026. Speaking in Windhoek at the validation workshop for the Climate Investment Funds (CIF) Industry Decarbonization Program, Sylvester Mbangu explained that this investment plan will allow Namibia to seek approval from the CIF Trust Fund Committee later this year. The resources sought are intended to reduce investment…

Namibia and Botswana are moving closer to launching the financing mobilization phase for the Trans-Kalahari Railway (TKR) project, which is generally estimated to cost around 200 billion Namibian dollars (approximately 16 billion US dollars), following the completion of the feasibility study. The announcement was made on July 31, 2026, following a recent meeting of the...

An investment of $30 million for the construction of a one-stop border post at Machipanda, a strategic crossing point between Mozambique and Zimbabwe. As part of this project, the Mozambican government has granted a 25-year concession to two Chinese companies in the form of a public-private partnership. Sources indicate that these companies will hold 75%...

Angola has integrated the kwanza as a settlement currency within the Real-Time Gross Settlement System of the Southern African Development Community (SADC-RTGS). The announcement was made on July 31, 2026 in Luanda by the Governor of the National Bank of Angola (BNA), Manuel Tiago Dias, who stated that this decision will contribute to strengthening regional...

The government of the Democratic Republic of Congo plans to increase the state’s current revenues to $18 billion USD by 2027, up from a projection of $15.3 billion USD in 2026. This goal was announced on July 29, 2026 in Kinshasa, at the opening of budget conferences dedicated to the preparation of the draft budget law for 2027. Launching these works, the Vice Prime Minister in charge of Budget, Adolphe Muzito, stated that this new increase aimed to strengthen the mobilization of public revenues. The executive aims to increase the tax burden from 12.5% in 2026 to 14% in 2027,…

In a statement published on July 29, 2026, the Electricity Regulatory Authority (ARE) indicates that it has examined 45 energy projects, including 30 related to electricity production and importation. The corresponding investments are estimated at $2.30 billion, for an announced additional capacity of 2,684.838 megawatts. These results were presented on the occasion of the first assessment of the 100 days of the new administration of the ARE, led by the chairman of the board, Jean-Marie Beya, the general director, Soraya Aziz-Moto, and the deputy general director, Marco Kuyu. The institution highlights several reforms aimed at modernizing its operations, speeding up…

The 2026 tobacco marketing campaign in Zimbabwe has generated $882.4 million after the sale of 354.38 million kilograms of air-cured Virginia tobacco, according to data published on July 27, 2026 by the authorities in the sector. On the 96th day of the campaign, the average price was $2.49 per kilogram. Contract sales continue to dominate...

Eureka Gold Mine, located in the Mashonaland Central province, about 150 kilometers north of Harare, has commissioned a 5.4 megawatt (MW) solar power plant as part of an energy project estimated to cost between 12 and 15 million dollars. The announcement was made on July 23, 2026, on the company’s X account. The project is being developed by Dallaglio Investments, a subsidiary of Padenga Holdings. Eventually, the solar installation is expected to reach a capacity of 16.4 MW. According to the company, around 8.2 MW is expected to be fed into the national electricity grid under Zimbabwe’s current net metering…

Yannick Makola has been appointed CEO of Kamoto Copper Company (KCC), a subsidiary of the Glencore group in the Democratic Republic of Congo. The announcement was made on July 21, 2026 on the company’s LinkedIn account. Yannick Makola joined KCC in February 2020 as General Manager – Processing. In this role, he was responsible for...

Zimbabwe has commissioned a lithium sulfate production plant at the Arcadia site, as part of a $400 million investment by Prospect Lithium Zimbabwe (PLZ), a subsidiary of the Chinese group Zhejiang Huayou Cobalt. According to the Minister of Mines and Mining Development, Polite Kambamura, this facility is the first of its kind in Africa. The...

The Monetary Policy Committee (MPC) of the Central Bank of Congo (BCC) has decided to lower its key rate from 13.5% to 12.5%, a reduction of 100 basis points, at the end of its regular session held on July 17, 2026 under the chairmanship of the Governor of the BCC. The Central Bank also reduced...

In May 2026, Namibia recorded a trade deficit of 1.2 billion Namibian dollars (equivalent to USD 73.6 million) in its exchanges with the rest of the African continent, while the total volume of intra-African trade reached 12.9 billion N$ (USD 791.5 million). According to data from the Namibia Statistics Agency, Namibian exports to African markets...

The Monetary Policy Committee (MPC) of the National Bank of Angola (BNA) has decided to reduce its key rate from 17.0% to 15.75%, continuing the easing of its monetary policy. The decision was announced at the end of the 130th regular session of the MPC, held on July 13 and 14, 2026 in Malanje. According...

Angolan Treasury currency sales nearly doubled in the first half of 2026, reaching $1.626 billion, up from $822.2 million in the same period in 2025. This 98% increase reflects a rise in the supply of foreign currency to the banking system, according to data published by the Ministry of Finance. The acceleration was particularly strong...

Tom Melvin Baiki, a Congolese entrepreneur based in the United Kingdom, specializing in architecture, biomedical engineering, and digital solutions design, answers questions from Financial Afrik. Driven by a vision of digital and economic transformation of Africa, he works on developing innovative technologies capable of meeting the continent’s needs. He is the founder of VyteVyte, a participatory digital ecosystem aimed at democratizing commerce, supporting entrepreneurship, strengthening economic inclusion, and creating numerous job opportunities through collaborative economy. In this endeavor, he closely collaborates with Gabrielle ThyThy Ndaya, a Congolese entrepreneur based in the United Kingdom, recognized for her commitment to investment and…

Bikita mine, located in the Masvingo province in southeastern Zimbabwe, is pursuing a $400 million investment program to upgrade its production to higher value-added products. This program aims to support Zimbabwe’s strategy of locally processing a greater share of its mineral resources. In a company statement, Bikita Minerals stated its intention to shift from exporting concentrates to producing lithium chemical precursors, including lithium sulfate used in battery manufacturing. The first phase of the project is expected to start operating in the second quarter of 2027, with an announced annual capacity of 60,000 tonnes. The project is led by the Chinese…

The Congolese government presented, on July 3, 2026, before the National Assembly, a bill providing for the creation of the Single Window for Revenue from Conventions and Cooperation (GURCC), a structure designed to centralize the collection of revenue from collaboration agreements and cooperation projects. The stated objective is to put an end to parallel circuits...

Georges Bassalang Bolemen was officially installed as the general manager of Tradex DRC during a ceremony presided over by the chairman of the company’s board of directors, Emmanuel Patrick Mvondo, on Monday, June 29 in Kinshasa. His appointment comes as part of the development of Tradex DRC’s activities in the Congolese market for the distribution...

The Government Institutions Pension Fund of Namibia (GIPF) is strengthening its role in the country’s economic development by announcing a commitment of over 1.25 billion Namibian dollars, equivalent to nearly 75 million US dollars, towards the real estate sector. Through this investment, the fund aims to support the construction of commercial infrastructure, housing development, and urban planning. This announcement, made public on June 23, 2026, coincides with the official inauguration of the Goreangab Mall shopping center in Windhoek. With a cost of 300 million Namibian dollars (18.2 million USD), this new commercial infrastructure has benefited, in part, from financial support…

Namibian operator DemshiTelco is accelerating its regional deployment plan with an expansion program estimated between 1.5 and 2 billion Namibian dollars (approximately 81 to 108 million USD as of June 2026). The company intends to use Botswana as a springboard to expand its operations to seven Southern African countries by 2030, as indicated by its...

The Angolan national oil company, Sonangol, continues to strengthen its financial capabilities to support its activities and strategic projects. According to information reported by Reuters on June 16, 2026, the group has concluded a $2.65 billion financing agreement with a consortium of international banks. According to the financial institutions involved in the operation, the resources...

During the 6th edition of ANGOTIC 2026, a forum dedicated to digital technology and telecommunications in Angola, Angola Telecom and Telecom Namibia signed an agreement worth 118 million USD for the construction and interconnection of a submarine cable between Angola and Namibia. The project aims to strengthen regional connectivity, improve data transmission infrastructure, and support...

Trading on the Angolan debt and securities exchange (BODIVA) experienced a strong acceleration in the first quarter of 2026. According to data published by the Capital Markets Commission, the volume of transactions represented 8.34% of Angola’s gross domestic product (GDP), compared to 4.32% in the same period in 2025, confirming the gradual deepening of the...