African nations seek natural wealth in GDP amid skepticism
African nations, led by the African Development Bank, are pushing for GDP recalculations to include natural assets.
Drought impacts job market: Morocco unemployment rises
Morocco’s unemployment rate reached 13.3% in 2024 due to the impact of a prolonged drought on the agricultural sector, which led to the loss of thousands of jobs.
Oil prices rise as Trump tariffs fuel supply concerns
In response, U.S. gasoline futures jumped by 2.5% to $2.11 a gallon, reaching their highest level since January 16 at $2.162
Morocco, Yemen sign agreements on education, infrastructure
Morocco and Yemen signed seven agreements in Rabat to enhance cooperation in education, infrastructure, and other key sectors, reaffirming their commitment to strengthening bilateral relations.
Ghana picks Asiamah to lead central bank, pending approval
Ghana’s President picks Johnson Asiamah to lead the Bank of Ghana after Addison’s retirement.
Libya’s NOC to review operations, consider office closures
Libya’s National Oil Corporation targets increased production and transparency under new chairman Massoud Suleman.
Türkiye boosts exports to Africa by $19.4B in 2024 with key gains
Türkiye’s exports to Africa rose 1.7% in 2024 to $19.4 billion, with Egypt leading at $3.5 billion and chemicals being the top export sector.
West African juntas escalate pressure on foreign mining companies
West African military juntas in Mali, Burkina Faso, and Niger are intensifying pressure on foreign mining companies to ensure better revenue distribution and sovereignty over natural resources.
Global support grows for electrifying 300 million Africans
The “Mission 300” initiative, aimed at connecting 300 million Africans to electricity, has received a significant boost with over $8 billion in new pledges from international lenders.
Mozambique leader meets TotalEnergies on LNG, hydropower
Mozambique’s president and TotalEnergies’ CEO discussed a $20 billion LNG project, gas-to-power initiatives, and a hydropower project facing bottlenecks.
Spirits giant Diageo sells stake in Guinness Ghana to Castel
The company will retain ownership of the Guinness brand and other Diageo brands produced by Guinness Ghana.
Barrick Gold, Mali to resume mine dispute talks Tuesday
Barrick’s shares closed at C$23 on Monday, down 0.2% on the Toronto Stock Exchange
Tanzania summit unites leaders to tackle energy access for 300M
African leaders gathered in Dar es Salaam, Tanzania, for the Mission 300 Africa Energy Summit, focusing on unlocking the continent’s energy potential and expanding electricity access to 300 million people by 2030.
China halts livestock product imports over disease concerns
The prohibition, which extends to both processed and unprocessed products, follows disease outbreak alerts issued by the World Health Organization
Drought threatens Ivory Coast’s cocoa production
Ivory Coast, the world’s top cocoa producer, is expecting a dire mid-crop harvest this season due to severe drought conditions.
Morocco to build $420M, 990MW gas power plant in the North
As of 2024, Morocco’s total installed energy production capacity stood at 11,918 MW, with coal remaining the dominant source
Botswana close to finalizing diamond deal with De Beers
Botswana, the world’s leading diamond producer by value, reached an initial agreement with De Beers in 2023, but the deal was never officially signed
Telecom companies secure tariff hike in Nigeria
The Nigerian government has approved a 50% increase in mobile phone tariffs, despite concerns about the impact on consumers already facing high inflation.
Tax dispute grounds Somali Airlines, stranding passengers
Nearly 200 passengers were stranded at Nairobi airport after Somali airlines suspended flights due to a dispute with the Somali government over a recently increased tax.
Mozambique LNG project restart hinges on security improvements
TotalEnergies has confirmed its Mozambique gas project will resume when peace and security are restored in the Cabo Delgado region, following a jihadist attack in 2021.
Zambia’s copper production surges in 2024
Zambia’s copper production witnessed a 12% increase in 2024, reaching roughly 820,670 metric tons, driven by improved performance at key mines.
Rand dips against the dollar following Trump’s inauguration
Meanwhile, the U.S. dollar (USD=) was up by approximately 0.2% against a basket of global currencies
Moses Madondo named CEO of South African coal miner Thungela
Madondo will succeed July Ndlovu, who is retiring.
Biden administration approves nearly $1B loan for Nevada lithium mine
Shares of ioneer surged 15% to $4.96 in Friday’s trading session following the announcement
