High-speed internet reaches Niger’s desert regions via Starlink
Niger is turning to satellite broadband, specifically Starlink, to bridge its digital divide and provide internet access to remote rural areas where traditional infrastructure is lacking or has been damaged by conflict.
Morocco invests $2.9b in 168 trains for World Cup expansion
Morocco’s state-owned rail operator ONCF has announced a $2.9 billion deal to purchase 168 trains from France, Spain, and South Korea.
Algeria, China strengthen energy ties with $850 million agreement
Algeria’s Sonatrach and China’s Sinopec signed an $850 million contract for hydrocarbon development and exploration,
IMF ties Guinea support to tax recovery and economic reforms
The IMF has conditioned financial support for Guinea on the recovery of tax debts and economic reforms, as discussed in a recent mission with Guinean officials.
Botswana, De Beers finalize long-awaited diamond sales deal
President Duma Boko, who took office last October, made finalizing the deal a key priority
Funding shortage impacts Ivory Coast cashew industry
Cashew processors in Ivory Coast are facing a funding shortfall, as promised bank funding from the state-owned BNI is not being disbursed.
Jumia fights for market share as Temu expands into Nigeria
Jumia plans to grow orders by up to 25% while cutting costs and expanding into new areas, despite increasing competition from Chinese retailers like Temu.
Ethiopia and Russia deepen nuclear cooperation
Ethiopia and Russia have signed a three-year roadmap to expand their cooperation in nuclear technology.
Nigeria sues Binance for $81.5B in losses, taxes
Nigeria accuses Binance of fueling currency instability and evading taxes, seeking billions in damages and penalties
South Africa delays budget amid political deadlock
Following the announcement, the South African rand (ZAR) extended losses, weakening by 1% against the U.S. dollar
South Africa’s unemployment rate dips slightly
South Africa’s unemployment rate saw a slight decrease to 31.9% in the last quarter of 2024.
Nigeria’s inflation rate falls sharply following rebase
Nigeria’s annual inflation rate dropped significantly to 24.48% in January after the country’s statistical agency rebased the Consumer Price Index for the first time in over a decade.
Ethiopia bondholders challenge IMF debt assessment flaws
Ethiopia’s bondholders dispute an IMF report, claiming it artificially inflates solvency risks to justify debt relief, amid ongoing restructuring talks.
Ethiopia’s bondholders reject IMF report
Neither the IMF nor the Ethiopian government has responded to requests for comment
Protecting pangolins: Ghana steps up conservation efforts
Ghana combats illegal pangolin poaching with stronger protection efforts and community outreach programs.
Trump defends new tariffs, warns allies on trade fairness
White House officials confirm a tariff policy shift, targeting countries with significant trade imbalances with the US, a move expected to fuel trade disputes and potential inflation concerns.
Nigerian parliament passes increased budget for 2025
The Nigerian parliament has approved a budget of $36.6 billion for 2025, exceeding the initial proposal submitted by President Bola Tinubu.
Robex seals new deal with Mali for Nampala mine
According to a government statement issued late Wednesday, Robex aims to produce 1.4 tons of gold annually over the next eight years
Deepening ties: Somalia, Azerbaijan sign key agreements
Azerbaijan and Somalia signed several agreements to enhance cooperation in key sectors, including public service, green energy, education, and defense.
Nigerian oil firms seek 25% of Shell’s Bonga North contracts
Nigerian oil producers are seeking to secure up to 25% of the service contracts for Shell’s Bonga North deepwater project, aiming to increase local content participation in the oil and gas sector.
Ivory Coast cocoa farmers fear shortages from lack of rain
The dry season in Ivory Coast is causing concerns about a cocoa shortage, as farmers report low rainfall levels and poor soil moisture that may delay the mid-crop and affect the bean quality.
Nigeria’s largest refinery set to maximize production soon
Nigeria’s Dangote Oil Refinery is set to operate at full capacity in 30 days as crude supply improves, after struggling to secure local volumes.
Ethiopia in final talks to resolve sovereign debt restructuring
Ethiopia is in the final stages of debt restructuring negotiations as it works to resolve its sovereign debt crisis, with the IMF closely involved in the process.
Zimbabwe holds interest rate at 35% as inflation woes persist
Inflation surged in January, driven primarily by food and housing costs, impacting both U.S. dollar and local currency transactions
