The $973 million project, which has faced delays due to funding issues, will see the development of a 203-kilometre (126-mile) standard-gauge railway

The construction of the Kano-Kaduna railway project in Nigeria has received a significant boost with the release of a $254.76 million loan from China Development Bank.

Zambia’s kwacha reaches record lows as the ongoing drought severely impacts the country’s economy, currency, and key industries.

Tony Chambers, a seasoned Disney executive, has been named president of the company’s Europe, Middle East, and Africa region, succeeding Jan Koeppen.

China’s foreign minister Wang Yi visits Namibia as part of his annual Africa tour, reaffirming China’s commitment to the continent’s development and strengthening bilateral ties.

The approval, granted after extended deliberations late Thursday night, provides a financial lifeline as the country transitions to a new administration

Tullow Oil is exempt from a $320 million tax assessment after the ICC ruled that the Branch Profit Remittance Tax does not apply to its Ghana operations.

Uganda’s Energy Minister announced plans for a new oil exploration licensing round and revealed the selection of a winner for a tender to redevelop the Kilembe copper mine.

Senegal and Mauritania have announced the first gas production from the Greater Tortue Ahmeyim (GTA) gas project, developed by BP and partners.

President Bola Tinubu announced the establishment of a National Credit Guarantee Company in May to expand credit access for businesses and individuals in Nigeria.

Nigeria’s Warri oil refinery has resumed some operations after nearly a decade of shutdowns, marking a significant step in the government’s efforts to revive the country’s moribund refining sector.

EU wheat prices rose slightly this week, supported by strong demand and Russian price dynamics, though challenges remain with export competition and Algeria’s limited tender.

Sasol has reduced natural gas production in Mozambique due to widespread unrest following the disputed presidential election, impacting gas supply to South Africa.

The IMF’s announcement on Wednesday comes as Egypt battles soaring inflation and a persistent foreign currency crunch

The exporters are seeking solutions to reduce transaction costs and ensure the continued flow of wheat exports to Egypt.

During the ban, the state’s mineral wealth was heavily targeted by illegal miners, further complicating the region’s security challenges

The move comes amid shifting global wheat trade dynamics, with Algeria diversifying its sourcing away from traditional suppliers like France due to diplomatic tensions.

French President Emmanuel Macron has expressed strong support for Ethiopia’s efforts to restructure its debt.

Apple stated that earlier this year, it instructed suppliers to cease sourcing tin, tantalum, tungsten, and gold from the DRC and neighboring Rwanda

During a meeting in Casablanca, King Mohammed VI and Mauritanian President Mohamed Ould Ghazouani discussed ways to strengthen bilateral ties and promote joint projects, including the Afro-Atlantic gas pipeline initiative.

The Nigerian Upstream Petroleum Regulatory Commission has announced plans to auction new oil and gas blocks in 2024.

Barrick holds an 80% stake in the Loulo-Gounkoto complex, while the Malian government owns the remaining 20%

The proposed 2025 budget outlines total expenditures of 47.90 trillion naira, with a projected deficit of 3.89% of GDP, equivalent to roughly 13.0 trillion naira

The 2025 budget prioritizes security, infrastructure, and measures to alleviate the cost-of-living crisis.