Libya’s Zallaf exports first Chadar oil shipment from Sirte Basin

Libya’s Zallaf has shipped its first Chadar oil shipment after beginning production in January with high-quality Sidra crude.

Herzog begins first Zambia trip as Israel eyes deeper Africa links

Israeli President Isaac Herzog began his first visit to Zambia as part of a regional tour to boost Israel’s cooperation and diplomatic ties across Africa.

African Export-Import Bank approves $1.3B loan for Angola plant

A $1.3 billion Afreximbank loan will fund a joint venture fertiliser plant in Angola to reduce import dependence and produce 4,000 metric tons daily.

Sudanese in Saudi Arabia gain faster remittance option via new service

Bank of Khartoum launched a new service enabling Sudanese residents in Saudi Arabia to transfer money directly to Sudan through major Saudi banks.

African Rainbow Minerals shuts Beeshoek mine as demand falls

South Africa’s African Rainbow Minerals has shut down its Beeshoek iron ore mine after ArcelorMittal South Africa stopped buying, ending decades of cooperation.

Nigeria’s bonds slip as Trump warns of possible military action

Trump’s warning of potential military action in Nigeria spooked investors, causing sovereign bonds to decline.

Mali rejects Barrick’s push to fast-track mining arbitration case

Mali’s government has rejected Barrick Mining’s request to fast-track its arbitration case over a disputed mining code and stalled gold operations.

Gold dips to three-week low as US-China trade hopes fade

Gold fell to a three-week low as easing U.S.-China trade tensions and Wall Street gains shift focus ahead of the Federal Reserve meeting.

TotalEnergies lifts halt on Mozambique LNG project

TotalEnergies has lifted the suspension on Mozambique’s $20 billion LNG project, pending government approval, after jihadist attacks froze work in 2021.

Sudan’s central bank unveils new banknotes to stabilise pound

Sudan’s central bank plans new banknotes to stabilise the pound amid severe economic turmoil and rising prices.

Sudanese pound plunges amid gold trade ban

Sudan’s pound lost nearly two-fifths of its value after a UAE embargo disrupted gold exports crucial for the Burhan-controlled finances.

Sudan’s pound collapses as citizens turn to dollars: report

Sudan’s currency has collapsed, forcing citizens and businesses to rely on foreign money as the local pound loses its role in daily trade.

Morocco submits a 2026 budget prioritising health and education

Morocco’s 2026 budget totals 761.3 billion dirhams focusing on health, education, infrastructure, and reducing inequalities across regions.

Nigeria’s Dangote refinery adjusts crude flow to curb costs

Nigeria’s Dangote Refinery clarified that recent crude reductions were strategic responses to high global oil prices, not operational issues.

IMF predicts Sudan’s economy could recover if conflict ends soon

The IMF forecasts Sudan could grow 3.2 percent in 2025 if fighting ends, with inflation falling from 87.2 percent to 54.6 percent this year.

Ghana rebuilds foreign reserves as gold trading centralizes earnings

Ghana rebuilt its foreign reserves with a state-run gold trading body while planning crypto regulation and central bank reforms.

G20 debt discussions gain urgency as global borrowing reaches record

South African Reserve Bank Governor Lesetja Kganyago warned that rising global debt threatens financial stability and requires urgent attention from the G20.

Chinese, Indian firms commit to upgrading South Africa car plants

South Africa has secured commitments from Chinese and Indian carmakers to expand SKD operations into full CKD manufacturing to boost domestic auto production and industry sustainability.

Exxon Mobil targets South Africa as key hub for LNG growth

Exxon Mobil is positioning South Africa as a priority market for LNG, aiming to support its energy transition with new infrastructure and long-term supply.

Ethiopia begins formal talks with bondholders on $1 billion debt

Ethiopia meets bondholders in Paris to address its defaulted $1 billion bond and explore options under the G20 Common Framework

EU pledges €545M to expand Africa’s renewable energy access

The European Union pledged €545 million to support renewable energy projects across Africa, aiming to improve electricity access and accelerate the continent’s clean energy transition.

Nigeria oil workers halt gas supply to Dangote refinery over layoffs

Nigeria’s oil workers’ union halted gas supplies to Dangote refinery following mass layoffs and alleged replacement of Nigerian staff with foreign workers.

Sudanese pound hits new low on parallel market as dollar nears 3,600

Dollar near 3,600 SDG as Sudan’s pound slides; euro ~4,212. Street quotes far above the official rate

UAE pauses Sudanese crude imports, lifting Fujairah bunker premiums

UAE halted Sudanese crude imports in August, squeezing Fujairah ULSFO supply and lifting spot premiums

1 2 3 39
Scroll to Top