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.

Economic hardship and debt crisis dominate discussions as Ghana heads to elections in December.

Egypt’s net foreign assets fell by $1.12 billion in October, reversing September’s gain, with liabilities rising at both central and commercial banks.

‘Say goodbye to selling into the wonderful US Economy’ if dollar replaced; President-elect Donald Trump warns BRICS

US shoppers spent a record $10.8 billion online on Black Friday, marking a 10.2% increase from the previous year.

The move aims to stabilize the domestic fuel market, support refineries, and curb unauthorized exports

This development follows the African Union’s recent entry as a permanent G20 member

Ethiopia secured the programme in July after floating its birr currency, a key IMF recommendation

MTN South Africa has launched an affordable 5G smartphone, the MTN Icon 5G, priced at 2,499 rand ($138), to make 5G technology more accessible to South Africans.

Unlike decentralized cryptocurrencies, CBDCs are directly controlled by central banks

Local designers are transforming discarded garments into innovative and sustainable fashion pieces.

Eni is constructing a second FLNG facility in China to enhance Congo’s LNG production capacity to 3 million tonnes per annum.

Adani also denied involvement in a separate $2 billion plan to upgrade Kenya’s main airport

Standard Gauge railway will be built by Turkish company Yapi Merkezi