Carrefour to Enter Ethiopia in Partnership with Country's Richest Man
Carrefour has signed a franchise agreement with MIDROC Investment Group to enter the Ethiopian market. The deal involves rebranding 13 Queens Supermarket locations, with the first stores opening in the first half of 2026. The partners aim to expand the network to 30 stores by 2028. This entry follows Ethiopia’s recent liberalization of its retail sector, allowing international brands to operate via local partnerships. MIDROC CEO Jemal Ahmed stated the move will bring global standards and affordable, high-quality products to Ethiopian consumers.
Malawi Stock Exchange Leads African Markets With 248% Gain in 2025
The Malawi Stock Exchange delivered Africa’s strongest equity performance in 2025, rising 247.63%, far ahead of all regional peers. The rally was driven by sharp repricing in a small group of heavyweight stocks, led by National Investment Trust, FMB Capital Holdings, NBS Bank, NICO Holdings, FDH Bank, and Press Corporation, many of which posted triple-digit gains. Thin liquidity, low free float, and rising investor demand amplified price moves, while high inflation and kwacha weakness pushed equities as a store of value. The surge reflected concentration and valuation reset rather than broad economic expansion.
Data Centers Could Be the Spark Africa’s Power Sector Needs
Building and provisioning local data centers is a powerful step toward solving some of the pressing problems in any nation: improving infrastructure, growing the economy, and strengthening national security.
Uganda Restricts Starlink Ahead of Elections
A memo by the Uganda Revenue Authority (URA) dated December 19th directed customs officials to halt the entry of satellite internet equipment.
A Stronger Africa Needs Stronger Investment Policies
Stable fiscal regimes, predictable contract terms, and anti-corruption measures help de-risk projects and give investors the confidence to commit long-term capitalAfreximbank Breaks Ground on New US$250mn Headquarters, Trade Center, in Egypt's New Capital
The African Export-Import Bank (Afreximbank) held a groundbreaking ceremony for the Afreximbank African Trade Centre (AATC) in Egypt’s New CapitalAfDB's Partners to Replenish Fund with Record-Breaking US$ 11bn
The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has secured US $11 billion from 43 PartnersEquatorial Guinea Joins the Africa Finance Corporation
Equatorial Guinea has become the 47th member of the Africa Finance Corporation, the continental body said in a statement on Thursday.
M-PESA Ethiopia Raises Alarm Over Access Block on Ethio Telecom Network
M-PESA Ethiopia reported that its new telco-agnostic Lehulm app became inaccessible on smartphones using Ethio Telecom mobile data days after launch. The company says customers cannot log in or complete transactions and is engaging regulators to restore access. The issue mirrors World Bank findings that Ethiopia’s telecom market still contains structural imbalances that favour the state-owned operator.Africa’s Demand for Refined Fuel to Surge into 2050
Africa's oil demand will continue growing to 2050 and beyond, fueled by population growth, industrialization, and urbanization.Sustainable Aviation Fuels Could be Africa's Next Industrial Frontier
Domestic Sustainable aviation fuel production could help address structural cost disadvantages facing African airlines — higher jet fuel prices, weak supplier competition, low procurement volumes, and higher taxes
Private Millers Take Over Troubled Sugar Factories
Private operators taking over the four State-owned sugar mills will pay annual rent of up to KSh 45,000 per hectare and concession fees tied to sugar and molasses production
