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African Leadership Magazine

africanleadershipmagazine.co.uk · English

07/07/2026

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  1. Côte d’Ivoire’s SME Financing Drive: US$14.3 Million Facility Targets Business Growth
    Sep 30, 2026 · original
    Côte d’Ivoire is expanding access to finance for small and medium-sized enterprises (SMEs) after the West African Development Bank (BOAD) approved a CFAF 10 billion, approximately US$14.3 million, refinancing facility for COFINA Côte d’Ivoire. The financing was approved during the BOAD’s 152nd Board of Directors meeting on 24 September 2026 and is designed to strengthen COFINA Côte d’Ivoire’s capacity to provide medium-term financing to businesses. READ ALSO: FINANCE & SMEs: $332M Boost for SA’s Small Businesses For a country seeking to deepen private-sector growth and broaden financial inclusion, improving access to appropriate financing remains important. SMEs play a significant role in employment, entrepreneurship and economic activity, but many businesses continue to face challenges obtaining financing that matches their investment and expansion needs. Expanding Access to Business Ca
  2. Lomé’s Energy Hub: Togo Secures Funding to Expand Regional Fuel Infrastructure
    Sep 30, 2026 · original
    Togo is strengthening its position as a regional energy and logistics hub after securing new financing from the West African Development Bank (BOAD) to expand petroleum storage capacity at the Lomé Petroleum Complex (COMPEL). The financing, approved during BOAD’s 152nd Board of Directors meeting on 24 September 2026, includes CFAF 37 billion, equivalent to approximately US$64 million, for the expansion of petroleum storage infrastructure. The project is expected to add 170,000 cubic metres of storage capacity to the complex. READ ALSO: Ghana’s 2026–2030 Clean Energy Plan: Solar, Wind and Mini-Grids The investment comes as Togo continues to develop Lomé as an important gateway for the movement and distribution of goods and energy products across West Africa. With its port infrastructure and strategic location along the Gulf of Guinea, the country has increasingly positioned itself as a li
  3. African Diagnostic Start-ups: Using Medical AI to Improve Patient Outcomes
    Sep 30, 2026 · original
    Artificial intelligence (AI) is bringing quality medical diagnostics to places beyond major hospitals and specialist centres. Across Africa, start-ups are developing tools that analyse medical images, assist with clinical documentation and help healthcare workers identify conditions in areas where specialists are scarce. This represents a promising step towards expanding access to quality healthcare. However, the distinction between promise and proven impact remains important. AI can help clinicians work faster and extend diagnostic support, but it cannot replace trained health professionals, functional referral systems or reliable medical equipment. Its value depends on whether it performs safely on local patients, fits into clinical workflows and remains available when electricity or internet connectivity fails. READ ALSO: Youth, Tech, and Sustainability: Africa’s EdTech Startups Leadi
  4. Why AI Adoption in African Agriculture Needs Real-World Deployment
    Sep 30, 2026 · original
    Artificial intelligence (AI) is finding a growing role in African agriculture. New tools can analyse satellite images, forecast weather patterns, detect crop diseases and help farmers determine when to irrigate their fields or apply agricultural inputs. These technologies are not intended to replace farmers’ knowledge but to make timely, locally relevant information more accessible, particularly in areas where extension services, credit and dependable markets remain limited. The Food and Agriculture Organisation (FAO) and Smart Africa’s Innovate Africa Challenge 2026, themed “From Ideation to Deployment”, offers US$50,000 to one proven AI solution for climate-smart agriculture. The initiative aims to move beyond pilot projects by validating solutions in real farming environments across five priority countries: Rwanda, Kenya, Ghana, Malawi and Uganda. Its long-term significance will depen
  5. Sovereign Wealth, Strategic Investments and the Global African Alliance: Building Resilient Economies for Future Generations
    Sep 29, 2026 · original
    Africa’s economic future depends on how effectively its natural resources, public assets and financial institutions are transformed into sustainable prosperity. As African and Caribbean nations seek greater economic independence and resilience, sovereign wealth institutions are emerging as strategic instruments for mobilising long-term capital, strengthening public enterprises and supporting inclusive development. At the 12th International Forum on African-Caribbean Leadership in New York, the Chief Executive Officer of Zimbabwe’s Mutapa Investment Fund explores the growing importance of sovereign wealth institutions in building resilient economies. The address highlights the role of strategic investments in infrastructure, industrialisation, governance and sustainable development, while presenting Zimbabwe’s experience through the Mutapa Investment Fund. The speech also calls for strong
  6. INVESTMENT & GROWTH: Benin’s 8.1% Growth Opens New Investment Opportunities
    Sep 29, 2026 · original
    Benin is emerging as one of Africa’s stronger economic performers, with its economy estimated to have grown by 8.1% in 2025, according to the African Development Bank’s 2026 Country Report published this month. The Bank expects growth to remain above 7% in both 2026 and 2027, supported by construction, manufacturing, transport, trade and strong public and private investment. The performance represents an acceleration from 7.5% growth in 2024, highlighting the momentum generated by investment and expanding productive activity. Inflation remained relatively low at 1.1% in 2025, while the budget deficit narrowed to 2.8% of GDP from 3% the previous year. The current-account deficit also declined to 5.8% as exports increased. READ ALSO: POWERING AFRICA: Building the Grids Behind Growth The African Development Bank sees significant potential for Benin to attract additional investment, pointing
  7. Ghana’s 2026–2030 Clean Energy Plan: Solar, Wind and Mini-Grids
    Sep 29, 2026 · original
    Ghana’s updated Renewable Energy Master Plan for 2026–2030 sets out an ambitious strategy to expand clean power and extend electricity access to underserved communities. Launched on 21 September 2026, the plan combines large-scale renewable energy projects with practical solutions such as mini-grids and solar lanterns, positioning clean energy as a driver of economic growth and rural development. The plan targets 852 MWp of new utility-scale solar capacity, 709 MWp of wind power, 127 MWp of hydropower, 440 mini-grids and 1.1 million solar lanterns by 2030. These are intended additions, not guaranteed outcomes. Delivering them will require substantial investment, reliable grid connections, affordable electricity and effective maintenance. READ ALSO: Africa’s Clean Infrastructure Push: New Capital Accelerates the Energy Transition Ghana has made progress in expanding electricity access, bu
  8. Nigeria’s $300 Million Renewable Energy Fund Could Reshape Off-Grid Power
    Sep 29, 2026 · original
    Nigeria has taken a significant step towards expanding electricity access with the commercial launch of a $300 million Distributed Renewable Energy Fund, designed to move renewable-energy projects from limited interventions into large-scale investment. The fund, launched on the sidelines of the United Nations General Assembly in September 2026, will support distributed renewable energy projects including mini-grids and standalone solar systems, particularly in communities and businesses underserved by conventional grid infrastructure. The initiative brings together the Nigeria Sovereign Investment Authority (NSIA), Africa50 and Sustainable Energy for All, with support from the World Bank. The commercial launch marks the transition from fund structuring to active capital deployment, creating a dedicated platform through which investors can participate in Nigeria’s growing distributed-ener
  9. UN Global Grids Accelerator: Powering Africa’s Industrial Growth and Connectivity
    Sep 29, 2026 · original
    Africa’s energy challenge is not simply a shortage of power plants. It is also a critical deficit in transmission lines, substations and distribution networks capable of delivering electricity to homes and businesses. The newly launched Global Grids Accelerator could help address this gap by turning national and regional grid plans into projects that governments, utilities and investors can implement. Its real value, however, will depend on whether coordination translates into construction, stronger regional power trade and reliable electricity. The scale of the challenge is significant. According to the 2026 Tracking SDG 7: The Energy Progress Report, 563 million people in sub-Saharan Africa lacked electricity in 2024, accounting for 86% of the global access deficit. Meanwhile, more than 2,500 gigawatts of renewable energy projects worldwide are waiting for grid connections. The Interna
  10. Seychelles Secures $34 Million to Strengthen Economic Growth
    Sep 29, 2026 · original
    Seychelles is strengthening the foundations of its economy after the African Development Bank approved a $34 million loan to support economic resilience, public services, private-sector development and the country’s transition towards greener growth. Approved on 22 September 2026, the financing represents the third and final phase of the Economic Resilience and Green Recovery Support Programme, bringing the Bank Group’s total financing under the three phases to $84 million since 2024. The latest programme is designed to build on reforms already producing measurable results. According to the African Development Bank, business and other tax revenues increased from 6.4% of GDP in 2023 to 8.2% in 2025, while digital public services expanded by 10% between 2023 and 2024. Private-sector credit growth also reached 12.1% in 2024, exceeding the programme’s 2026 target. READ ALSO: Building Africa’

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