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17/06/2025

Vambo AI and Cassava Technologies to Build African-Trained AI Models

ambo AI, an African language AI platform, has announced a partnership with Cassava Technologies, a pan-African technology company, to co-develop African-trained large language models (LLMs) tailored to the continent’s diverse languages, cultures, and social contexts.

http://www.ecofinagency.com/news-digital/1706-47288-vambo-ai-and-cassava-technologies-to-build-african-trained-ai-models

17/06/2025

SA seeks new unemployment metrics to include informal workers

South Africa’s government is exploring changes to how unemployment is measured in an effort to capture the country’s large informal workforce and improve the accuracy of labor statistics. The move could reshape how public policy responds to joblessness.

http://www.ecofinagency.com/news-services/1706-47290-sa-seeks-new-unemployment-metrics-to-include-informal-workers

17/06/2025

AfDB backs Ghana’s $10 billion ‘Big Push’ for road infrastructure

The African Development Bank (AfDB) has pledged support for Ghana’s $10 billion ‘Big Push’ infrastructure strategy, with a focus on strengthening the country’s road network. The initiative is designed to address Ghana’s infrastructure gap while promoting economic competitiveness, access to social services, and regional equity.

http://www.ecofinagency.com/news-infrastructures/1706-47291-afdb-backs-ghana-s-10-billion-big-push-for-road-infrastructure

16/06/2025

Sub-Saharan Africa hits record 30 million tons in wheat imports https://www.ecofinagency.com/news/1606-47287-sub-saharan-africa-hits-record-30-million-tons-in-wheat-imports?utm_source=Sociallymap&utm_medium=Sociallymap&utm_campaign=Sociallymap

16/06/2025

Kenya plans first Panda bond to fund stalled railway project

Amid ongoing budget constraints, Kenya is seeking new funding options for its Standard Gauge Railway (SGR) expansion by turning to the Chinese financial market. The government has initiated steps to issue its first Panda bond, with proceeds to support the long-delayed extension of a 475 km railway stretch toward the Ugandan border.

http://www.ecofinagency.com/news-infrastructures/1606-47284-kenya-plans-first-panda-bond-to-fund-stalled-railway-project

16/06/2025

Guinea and Sierra Leone to jointly develop fiber optic infrastructure

Guinea and Sierra Leone have signed a new agreement to advance regional digital integration by jointly exploiting their fiber optic networks. On Thursday, 12 June, Guinea’s Backbone Management Company (SOGEB) and Sierra Leone’s national fiber optic operator, Leoncom, concluded a deal in Conakry to cross-market their international broadband capacities.

http://www.ecofinagency.com/news-digital/1606-47283-guinea-and-sierra-leone-to-jointly-develop-fiber-optic-infrastructure

16/06/2025

Israel-Iran conflict raises new threats for global shipping and oil trade

The global shipping industry, still recovering from Red Sea insecurity, the Covid-19 pandemic, the war in Ukraine, and the fuel crisis, now faces another critical disruption risk. The escalating conflict between Israel and Iran has intensified concerns over the stability of global maritime trade.

Following Israel’s recent military strike and Iran’s retaliatory response, fears have resurfaced over a potential blockade of the Strait of Hormuz—a vital waterway between Iran and the United Arab Emirates. This strait handles about 20% of global oil trade. Oil prices surged nearly 12% following the military exchange.

http://www.ecofinagency.com/news-industry/1606-47276-israel-iran-conflict-raises-new-threats-for-global-shipping-and-oil-trade

16/06/2025

Orange, AFD Group, and Proparco Partner to Boost Digital Inclusion and Sustainable Development

Despite rapid growth, digital inclusion remains uneven across Africa and other developing regions. By investing in strategic infrastructure such as high-speed backbones and submarine cables, the partnership will help expand internet access to remote and underserved communities.

http://www.ecofinagency.com/news-digital/1606-47270-orange-afd-group-and-proparco-partner-to-boost-digital-inclusion-and-sustainable-development

16/06/2025

Congo seeks stronger trade and economic ties with Senegal

The Republic of Congo is seeking to deepen its economic relationship with Senegal. On Sunday, June 15, during an official visit to Senegal, Prime Minister Anatole Collinet Makosso called for stronger trade between the two countries and a more dynamic partnership across key sectors.

http://www.ecofinagency.com/news/1606-47269-congo-seeks-stronger-trade-and-economic-ties-with-senegal

16/06/2025

AfDB Concludes Strategic High-Level Mission to Ghana, Identifies Five Key Areas for Transformational Partnership

Representatives of the African Development Bank Group have concluded a week-long high-level mission to Ghana, marking the institution's first major engagement with the country's new administration under President John Dramani Mahama.

http://www.ecofinagency.com/news/1606-47268-afdb-concludes-strategic-high-level-mission-to-ghana-identifies-five-key-areas-for-transformational-partnership

16/06/2025

Côte d’Ivoire urges private sector to invest in rubber value addition

Côte d’Ivoire, Africa's top natural rubber producer and the world's third after Thailand and Indonesia, is aiming to diversify its value-added rubber product offerings amid overcapacity in primary processing. The country's Rubber and Oil Palm Council has announced it will no longer issue permits for new first-stage rubber processing plants or expand existing ones until further notice.

http://www.ecofinagency.com/news-agriculture/1606-47264-cote-d-ivoire-urges-private-sector-to-invest-in-rubber-value-addition

13/06/2025

DRC’s Kamoa-Kakula copper smelter to launch in September, Ivanhoe confirms

Ivanhoe Mines plans to begin operations at the new copper smelter at the Kamoa-Kakula complex in the Democratic Republic of Congo by September 2025. The first anode production is expected to follow in October, the Canadian company announced on June 11.

Under construction since 2021, the smelter will have an annual processing capacity of 500,000 tons of copper concentrate, making it the largest facility of its kind in Africa. It will produce blister copper with a purity of about 99%, a key intermediate for anode manufacturing. Initial operations will start at 50% capacity, processing around 250,000 tons per year.

http://www.ecofinagency.com/news-industry/1306-47259-drc-s-kamoa-kakula-copper-smelter-to-launch-in-september-ivanhoe-confirms

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