Kosmos Energy has abandoned its pursuit of acquiring West Africa-focused oil and gas company Tullow Oil.

The Economic Community of West African States (ECOWAS) has reaffirmed its commitment to launching a common currency, the “eco,” by 2027.

Zambia is nearing the end of its debt restructuring process, paving the way for the country to once again access foreign financing.

Approval comes after 6 months of deliberation after Council of Ministers passed draft version of proclamation

Ghana’s president-elect pledges cocoa sector reforms, including COCOBOD restructure and private sector involvement.

Morocco is planning to double its airport capacity by 2030 to accommodate the expected increase in tourism and to support its bid to co-host the 2030 FIFA World Cup.

The US emphasized the importance of maintaining communication with China, while China expressed concerns over recent US economic and trade restrictions.

Ivory Coast, the world’s top cocoa producer, is facing challenges due to unfavorable weather conditions.

The Bonga North project, located off the coast of Nigeria, will be connected to Shell’s existing FPSO facility and is estimated to produce up to 110,000 barrels of oil per day at peak production.

The loan will also target the agricultural sector, promoting agro-industrial growth by advancing the Ministry of Agriculture’s mechanization strategy

South32 has withdrawn its output forecast for its Mozal Aluminium smelter in Mozambique due to post-election civil unrest.

TikTok is facing an imminent ban in the US unless its parent company, ByteDance, agrees to sell the app.

A farming project in South Africa is empowering deaf individuals by providing agricultural training and job opportunities.

Morocco’s rail operator ONCF seeks $8.8 billion to expand its network, with investors offering over $13 billion in support.

Earlier this year, the government had forecast a 4.2% growth for 2024, but continued weakness in diamond sales, especially since late last year, has severely impacted the economy

This milestone comes as the pound faces mounting pressure ahead of substantial maturities of treasury bills (T-bills) held by foreign investors

The company admitted to paying bribes to officials at state-owned enterprises to secure lucrative consulting contracts.

China has invested heavily in the continent through its Belt and Road Initiative, though it scaled back lending in 2019 due to mounting debt defaults from countries like Zambia

The new zero-tariff policy for African LDCs begins amid President Biden’s visit to Angola, with China seeking to strengthen trade ties and expand its influence across the continent.

The move is aimed at attracting investment and boosting the country’s struggling economy.

Libya’s National Oil Corporation will offer new exploration opportunities by year-end while maintaining oil output of 1.4 million barrels daily.

The move is in line with IMF recommendations but may negatively impact consumers.  

Ivory Coast’s cocoa crop is facing potential challenges due to insufficient rainfall and the impending Harmattan winds.

The move is expected to enhance risk management tools, attract new investors, and strengthen the country’s capital market.