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.

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.