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Ethiopia and Nigeria Sign Agreement to Modernize Agricultural Trade and Finance

Ethiopia and Nigeria Sign Agreement to Modernize Agricultural Trade and Finance

The Ethiopia Commodity Exchange and the Nigerian Incentive-Based Risk Sharing System for Agricultural Lending have entered into a significant cooperation agreement aimed at enhancing agricultural financing and modernizing commodity trading systems. This memorandum of understanding, signed on May 7, focuses on several key areas including warehouse receipt financing, commodity quality assurance, risk management systems, and digital trading infrastructure. The partnership is designed to promote technical knowledge exchange and improve transparency and liquidity in agricultural commodity markets. Mergia Bayissa, the chief executive of the Ethiopia Commodity Exchange, emphasized that this agreement will accelerate the modernization of commodity exchange systems and warehouse receipt financing services, thereby contributing to more efficient and transparent agricultural markets. Sa’ad Hamidu, representing the Nigerian delegation, highlighted the potential for this partnership to foster technical expertise exchan...

Fuel shortages and high prices push adoption of EVs in Africa, led by Ethiopia

Fuel shortages and high prices push adoption of EVs in Africa, led by Ethiopia

Use of electric vehicles in Africa is surging, led by Ethiopia, as soaring prices and fuel shortages compel countries to opt for cleaner and cheaper transport

Renewvia Energy Corp. Plans $750 Million Solar Expansion in Africa to Address Energy Deficit

Renewvia Energy Corp. Plans $750 Million Solar Expansion in Africa to Address Energy Deficit

Renewvia Energy Corp., an Atlanta-based company, is set to expand its solar-powered mini-grid operations into Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. This expansion is expected to require an investment of approximately $750 million and aims to provide around 2.1 million electricity connections. Sub-Saharan Africa is currently facing a significant energy deficit, with nearly 600 million people lacking access to electricity. Renewvia's expansion is part of a broader effort to address this issue, supported by initiatives like the World Bank and African Development Bank-backed Mission 300, which aims to connect 300 million Africans to electricity by 2030. Renewvia already operates 24 commercial mini-grids in Kenya and Nigeria, supplying electricity to rural communities and commercial clients.

Renewvia Energy Corp. Expands Solar Power Grid Across Four African Nations

Renewvia Energy Corp. Expands Solar Power Grid Across Four African Nations

Renewvia Energy Corp., an Atlanta-based solar energy company, is set to expand its solar-powered mini-grid operations into Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. This expansion is part of a $750 million investment aimed at addressing the electricity deficit in sub-Saharan Africa, where nearly 600 million people lack access to electricity. The initiative is supported by the World Bank and African Development Bank's Mission 300, which seeks to connect 300 million Africans to electricity by 2030. Renewvia already operates 24 mini-grids in Kenya and Nigeria, providing electricity to rural communities and commercial clients. The company is also seeking $45 million in concessional financing to expand a metro-grid in Kakuma and develop a renewable energy plant in Dadaab, two of the world's largest refugee settlements.

Online Creators Reshape Africa's News Ecosystem Through Social Media

Online Creators Reshape Africa's News Ecosystem Through Social Media

Online creators in Africa are transforming the continent's news consumption habits by leveraging social media platforms. Influencers like Amahle-Imvelo Jaxa and Valerie Keter have gained significant followings by producing content that resonates with younger audiences. These creators offer a more relatable and informal approach to news, often shooting videos in casual settings like their homes. This shift is part of a broader trend where social media is democratizing news access and allowing independent creators to compete with traditional media outlets. The rise of these influencers is particularly notable in countries like South Africa, Kenya, and Nigeria, where social media usage is high.

Nigerian Agriculture Stakeholders Call for Reforms Amid Food Security Crisis

Nigerian Agriculture Stakeholders Call for Reforms Amid Food Security Crisis

At the Nigerian-British Chamber of Commerce (NBCC) Agriculture and Agro-Allied Summit 2026, stakeholders emphasized the urgent need for innovation and policy reforms to address Nigeria's food security crisis. The summit highlighted challenges such as climate change, supply chain inefficiencies, and low mechanization affecting the agricultural sector. Despite Nigeria's vast arable land, the country faces significant food insecurity, with millions experiencing acute shortages. Stakeholders called for improved agricultural financing, infrastructure investments, and policy changes to enhance market access and reduce post-harvest losses.

Renewvia Energy Corp. Plans $750 Million Solar Expansion in Africa

Renewvia Energy Corp. Plans $750 Million Solar Expansion in Africa

Renewvia Energy Corp., an Atlanta-based solar energy company, is set to expand its operations into Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. This expansion is part of a $750 million investment aimed at providing approximately 2.1 million electricity connections. The initiative is part of a broader effort to address energy poverty in sub-Saharan Africa, where nearly 600 million people lack access to electricity. Renewvia's expansion aligns with the Mission 300 initiative, supported by the World Bank and African Development Bank, which aims to connect 300 million Africans to electricity by 2030.

NBCC and Agriculture Stakeholders Advocate for Policy Reforms to Address Nigeria's Food Crisis

NBCC and Agriculture Stakeholders Advocate for Policy Reforms to Address Nigeria's Food Crisis

The Nigerian-British Chamber of Commerce (NBCC) and various agriculture stakeholders convened at the Agriculture and Agro-Allied Summit 2026 in Lagos to address Nigeria's escalating food security issues. The summit emphasized the need for innovation, investment, and policy reforms to create a resilient agricultural system capable of meeting the country's increasing food demands. Despite Nigeria's vast arable land and youthful population, challenges such as climate change, supply chain inefficiencies, and limited access to finance persist. Stakeholders called for policy reforms to improve agricultural financing, land administration, and infrastructure to reduce post-harvest losses. The summit also highlighted the potential of global trade opportunities, such as the UK's Developing Countries Trading Scheme, to boost Nigeria's agro-exports.

China says April exports jump 14.1% from a year ago ahead of Trump-Xi summit

China says April exports jump 14.1% from a year ago ahead of Trump-Xi summit

China says exports have risen 14.1% in April from a year earlier, despite the Iran war and lingering impacts from higher U.S. tariffs

Dangote Refinery's Jet Fuel Exports Surge Amid Global Energy Crisis

Dangote Refinery's Jet Fuel Exports Surge Amid Global Energy Crisis

Dangote Refinery's Jet Fuel Exports Surge Amid Global Energy Crisis

Stung by West Africa rejections, France courts rest of continent at Kenya summit

Stung by West Africa rejections, France courts rest of continent at Kenya summit

By Duncan Miriri NAIROBI, May 8 (Reuters) - Shorn of influence in its former colonies in West Africa, France will seek to deepen ties elsewhere on the continent next week at an Africa summit in the Kenyan capital Nairobi, its first in an English-speaking country.

Angola's Cabinda Refinery Begins Operations to Enhance Fuel Supply and Reduce Imports

Angola's Cabinda Refinery Begins Operations to Enhance Fuel Supply and Reduce Imports

The Cabinda refinery in Angola, the first major refining project in the country since independence, has commenced operations. Developed at a cost of over $470 million, the refinery is owned primarily by Gemcorp Capital and aims to boost Angola's energy security. Currently processing 30,000 barrels per day, the refinery meets about 10% of Angola's fuel demand, with plans to double capacity in a second phase. The facility exports heavy fuel oil and naphtha while supplying diesel to the local market. This development is part of a broader effort to reduce Africa's reliance on imported refined products, which costs the continent an estimated $50 billion annually.