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

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

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

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

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

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

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

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

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

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

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

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

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

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.

Libya’s National Oil Corporation has signed a memorandum of understanding with ExxonMobil to restart offshore hydrocarbon exploration after a decade-long halt.

The African Development Fund will begin raising $5 billion from capital markets every three years from 2027 as donor support, especially from the US, declines.

South Africa’s trade talks with the US remain unresolved as a looming tariff risks hurting agriculture and automotive sectors.

Morocco will invest $4.2 billion over five years to upgrade its main airports and increase capacity ahead of cohosting the 2030 World Cup.

Google announced a $37 million package to support AI research, startups, and education across Africa, focusing on agriculture, health, and language technologies.

Libyan Prime Minister Abdul Hamid Dbeibeh proposed a $70 billion economic partnership with the US focusing on energy, infrastructure, and investment projects.

Algeria and Italy signed 14 agreements in Rome covering defense, energy, agriculture, counterterrorism, culture, and investment to enhance bilateral cooperation.

Angola launched two offshore oil projects producing 60,000 barrels daily, aiming to stabilise declining output through regulatory reforms and new investments.

Economists blame a toxic mix of war spending, shuttered export sectors and unrestrained money printing by the Central Bank of Sudan

Zambia signed an agreement to build a $1.1 billion crude oil refinery and energy complex in Ndola to meet domestic fuel demand and reduce import costs.