Nigeria’s government initiative to sell crude oil priced in naira to local refineries has been hindered by supply shortages, impacting operations at the Dangote Refinery.

Kenya has canceled over $2.5 billion worth of deals with the Adani Group following a US indictment against the company’s founder.

The fine, amounting to 7.58 million dirhams, has already been paid.

Despite lower inflation, the South African Reserve Bank took a measured step, lowering rates by 0.25%.

To stabilize its energy supply, Egypt is in talks with foreign companies to secure long-term LNG purchases, aiming to reduce exposure to fluctuating spot prices.

Utapate, Nigeria’s latest crude oil grade, offers a promising opportunity for the country to increase its oil production and revenue.

Global market volatility, triggered by Russia’s updated nuclear policy, led to a weakening of the South African rand

Cameroon has secured a $96 million loan from the European Union to fund critical infrastructure projects.

Ghana has imposed restrictions on private pension fund managers investing offshore to protect the local currency, the cedi, amid concerns about its weakening value.

Ivory Coast, the world’s top cocoa producer, is facing the threat of an early Harmattan season, which could harm cocoa pods and dry the soil, reducing bean yields.

Resolute Mining’s CEO and two employees have been released after the company agreed to pay $160 million to the Malian junta to settle a tax dispute.

The airline is also navigating geopolitical tensions in the Middle East and Africa, impacting its flight routes and operations.

The inflation spike follows President Bola Tinubu’s decision to end a longstanding fuel subsidy and devalue the Naira twice

Niger, a key global uranium producer, has seen an increasingly uncertain environment for foreign enterprises following a military coup last year

Nigeria’s state oil company, NNPC, has successfully increased oil production to 1.8 million barrels per day, aiming to reach 2 million barrels per day by the end of the year.

Nigeria is set to raise $2.2 billion from international debt markets this year to fund ongoing economic reforms, after successfully issuing dollar bonds on its local market two months ago, according to the country’s finance minister. Wale Edun, who also serves as the economic coordinator, announced in Abuja on Thursday that the country intends to

African nations await clarity on AGOA’s future under Trump, fearing increased tariffs and lost profits.

Samuel Erwin, Teraco’s CFO, highlighted the increasing global focus on energy supply due to advancements in generative AI

Senegal’s fishing industry is facing a major setback after the European Union announced it will not renew its fishing agreement with the West African nation.

Egypt’s Prime Minister urges international support to achieve its 42% renewable energy target by 2030.

Heavy rains and floods have damaged cocoa plantations in Ivory Coast, prompting the Coffee and Cocoa Council to cut export contract sales.

The Central African Republic is lobbying the Kimberley Process to fully lift a decade-long diamond trade embargo.

Despite below-average rainfall, Ivory Coast’s cocoa farmers remain optimistic about the main crop.

The IMF is now scrutinizing the findings before deciding on the next steps for the program.