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

UAE halts Sudanese crude imports, marine fuel prices surge

UAE’s halt of Sudanese crude imports has driven marine fuel spot premiums higher at Fujairah amid regional supply disruptions.

TASIS unveils plan for Darfur–Kordofan bank to restore finance

After the Nyala swearing-in, TASIS pushes a regional bank plan to revive cash, payments and salaries across Darfur–Kordofan

Egypt records GDP rise as reforms bite

Egypt grew 4.5 percent in 2024-25 as reforms and investment supported recovery despite inflation and canal revenue losses.

SA prepares major inequality report for G20

South Africa commissions a report on wealth inequality for the G20 summit to highlight poverty and support developing nations.

Qatar’s Al Mansour boosts Mozambique with $20B deal

Qatari firm Al Mansour Holding has pledged $20 billion to Mozambique, focusing on energy and agriculture as part of its growing African investments.

Japan denies Nigeria’s JICA visa claim

Japan rejected Nigeria’s announcement of special visas for Africans under JICA Africa hometown program and asked for an official correction.

Africa’s private wealth grows despite economic challenges

Africa’s millionaire population is projected to grow sharply with South Africa leading and wealthy Africans seeking global mobility options

Libya plans US forum to boost oil and gas ties

Libya’s National Oil Corporation announced plans to host a forum with U.S companies to strengthen energy partnerships.

Zambia hosts Israeli minister to boost agriculture, water ties

Zambia and Israel pursue closer relations to benefit both countries economically and socially

Burundi begins building first railway linking to Tanzania

Burundi launches a historic railway project with Tanzania to improve trade links and regional economic growth.

Africa’s AI to rise to $16.5B by 2030: Mastercard

Mastercard promotes responsible AI adoption across Africa, aiming to boost inclusion, digital growth, and regional leadership by 2030.

Guinea junta strips GAC of mining rights in bauxite-rich region

The head of Guinea’s junta has revoked GAC’s bauxite concession and placed it under state control amid growing pressure on foreign mining firms.

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