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Semafor africa
🟡 Semafor Africa: A red line
In this edition: The future of a flagship US anti-HIV program, the African nationals banned from traveling to America, and a Malian film about forced marriage.
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A rapidly-growing continent’s crucial stories.
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Chinese pullback reshapes African energy investment landscape
As Chinese finance scales back, Africa’s clean energy future increasingly hinges on the appetite of private capital to fund innovation and scale.
Philimon Bulawayo/File Photo/Reuters
Africa can unlock $4 trillion to finance vital infrastructure: Report
The Africa Finance Corporation lays out the case in a new report.
Zoubeir Souissi/File Photo/Reuters
Côte d’Ivoire debuts West African commodities exchange
Around $54,000 of raw cashews, kola nuts, and maize were traded in the first 10 minutes of launch, RFI reported.
Luc Gnago/File Photo/Reuters
Nigerian drone maker beats Israeli firm to security contract
Terra Industries told Semafor it would supply a dozen drones and more than 35 towers to boost surveillance of two hydropower plants.
Alexander Onukwue/Semafor
African green hydrogen ‘prohibitively expensive’ for Europe: Report
The fuel, known as “green” hydrogen, has drawn much interest globally as a way to decarbonize heavy industries that are hard to electrify.
A new green hydrogen components pilot plant. Jens Schlueter/Getty Images
Majority of Bill Gates’ $200B pledge to go to Africa
The tech multibillionaire told Semafor in May that he plans to give away “virtually” all his wealth via the Gates Foundation over the next 20 years.
Roy Rochlin/Getty Images for Netflix
African governments eye potential in gold price surge
In Ghana, Africa’s top gold producer, production could increase by around 6.25% year-on-year to approximately 5.1 million ounces in 2025.
South Africa’s shares boom amid global trade turmoil
The Johannesburg Stock Exchange was on pace for its best month in nearly a year, during which it has outperformed the markets of both the US and peer countries.
Washington prepares for US-African Leaders Summit
The talks, due to take place on the sidelines of the UN General Assembly in September, will focus on economic growth.
Nigeria should seize the opportunity in ‘non-consumption’
The daily struggle for citizens in Africa’s most populous nation offers a market opportunity to drive inclusive prosperity.
Mauritania’s Sidi Ould Tah named new head of African Development Bank
The former finance minister will be tasked with bolstering the pan-African bank’s finances as US President Donald Trump plans to cut millions in funding.
Analysis: How Trump is influencing South Africa’s economic and foreign policies
The US president has become ‘an unlikely catalyst’ for decision-making in Pretoria.
Nigeria’s Tinubu slows policy overhaul as he eyes reelection
As the president of Africa’s most populous nation marks two years in power the country is grappling with a deepening cost-of-living crisis and soaring fuel prices.
Temu and Shein are reshaping Africa’s biggest online retailer
Chinese e-commerce giants are forcing Jumia to confront a new kind of competition and rethink its future.
Rejected visa application to Europe cost Africa $68M
Comoros, Senegal, Guinea Bissau, Nigeria, and Ghana had the highest rejection rates for European Union visas in 2024, above 45% in each case.
Illegal gold mining poses ‘global threat’: UN report
Criminal groups are taking advantage of weak oversight to infiltration gold supply chains along trade routes in Africa, the report said.
Africa’s development bank election offers an opportunity for change
As AfDB shareholders prepare to pick the bank’s next president, they must consider dropping its Bretton Woods’ style priorities for more African ones.
Ethiopia’s coffee exports hit record high
The country’s booming coffee industry has been spared the worst of US tariffs, unlike its rival Vietnam.