Ghana limits pension investments
Ghana has imposed restrictions on private pension fund managers investing offshore to protect the local currency, the cedi, amid concerns about its weakening value.
Harmattan winds could disrupt Ivory Coast cocoa
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.
Mali junta frees Resolute mining execs after payment
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.
Boeing strike impacts Ethiopian Airlines’ growth plans
The airline is also navigating geopolitical tensions in the Middle East and Africa, impacting its flight routes and operations.
Nigeria’s inflation soars to 33.9%, sparking protests
The inflation spike follows President Bola Tinubu’s decision to end a longstanding fuel subsidy and devalue the Naira twice
Orano faces financial strain at Niger plant amid rising Russian ties
Niger, a key global uranium producer, has seen an increasingly uncertain environment for foreign enterprises following a military coup last year
Nigeria’s oil output rises despite security, theft issues
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 plans to raise $2.2B in debt to support economic reforms
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
Trump’s return raises fears, casting doubt on AGOA
African nations await clarity on AGOA’s future under Trump, fearing increased tariffs and lost profits.
Teraco secures $442M loan for expansion in South Africa
Samuel Erwin, Teraco’s CFO, highlighted the increasing global focus on energy supply due to advancements in generative AI
Senegal loses EU deal amid overfishing controversy
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 calls for climate finance for green future
Egypt’s Prime Minister urges international support to achieve its 42% renewable energy target by 2030.
Ivory Coast limits cocoa exports due to disease and floods
Heavy rains and floods have damaged cocoa plantations in Ivory Coast, prompting the Coffee and Cocoa Council to cut export contract sales.
CAR pleads for diamond trade freedom at KP meeting
The Central African Republic is lobbying the Kimberley Process to fully lift a decade-long diamond trade embargo.
Ivory Coast’s cocoa beans mature well despite dry spell
Despite below-average rainfall, Ivory Coast’s cocoa farmers remain optimistic about the main crop.
IMF resolution for Senegal delayed until June due to audit
The IMF is now scrutinizing the findings before deciding on the next steps for the program.
France monitors potential Algerian trade restrictions
Algerian officials have denied any such measures, but diplomats suggest they may be imminent.
EU wheat gains ground in Morocco as Black Sea prices rise
Morocco’s recent wheat purchases from the EU offer relief to the struggling market, as Black Sea competition intensifies and EU production faces challenges.
Ghana records first oil production boost in five years
Production reached 24.86 million barrels by mid-2024, contrasting sharply with the 13.2% decrease during the same period in 2023
Senegal gas partners seek more investors for 2025
Final investment decision for Senegal’s Yakaar-Teranga gas project expected in 2025 as Petrosen seeks new partners.
Ghana’s cocoa sector benefits from efficient financing
Ghana’s cocoa sector has seen significant improvements with a new funding model that has eliminated delays in payments to farmers and buyers.
Ethiopia’s ambitious EV plan faces challenges
The country’s lack of supporting infrastructure and skilled workforce is hindering the smooth transition to electric mobility.
Egypt seeks IMF support amidst global economic challenges
The IMF’s review of Egypt’s loan program will examine the country’s economic performance, fiscal sustainability, and efforts to reduce reliance on fossil fuels.
Botswana’s president urges fast-track deal with De Beers
De Beers, in an emailed response, affirmed its intention to maintain collaboration with Botswana’s government, aiming to support mutual goals as they always have
