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
Ruto’s tax plan ignites controversy in Kenya
The new measures are expected to further burden citizens already struggling with economic hardships.
Nigeria unveils tax-free scheme to attract dollar inflows
Under this voluntary disclosure scheme, individuals declaring “legitimate” foreign currency holdings and investing them in Nigeria’s financial system will be exempt from paying tax on interest earned
Algeria turns to international market for wheat
Algeria’s state grains agency, OAIC, purchased at least 480,000 metric tons of milling wheat in a recent international tender, primarily from the Black Sea region.
Egypt’s NFA slump continues in August
Egypt’s net foreign assets decreased significantly in August, raising concerns about the country’s economic stability.
Niger partners with SpaceX’s Starlink for digital boost
Niger is leveraging Starlink’s satellite internet technology to bridge the digital divide and accelerate economic development.
Dbeibah and Meloni seal cooperation deals in Libya
Italy and Libya have signed several agreements to boost economic and political cooperation, focusing on development, investment, infrastructure, and migration.
Central bank chief pledges to tackle Nigeria’s inflation
Olayemi Cardoso, the head of Nigeria’s central bank, has assured investors that the bank is taking steps to stabilize the currency and improve access to foreign exchange.
Angola’s Cabinda refinery project over budget but on track
The refinery will reduce Angola’s reliance on fuel imports and boost its domestic energy supply.
France and Morocco seal €10B investment and energy deal
Valued at approximately €10 billion, the agreements encompass investment, energy, and infrastructure initiatives
Egypt and Turkey work together to boost tourism industry
Egypt and Turkey are now cooperating in the tourism sector, recognizing the potential for mutual benefit rather than competition.
Ghana aims to cut European fuel imports with Nigeria’s help
Nigeria’s Dangote Oil Refinery, once fully operational, could supply petroleum products to Ghana.
Kenyan court suspends $736M Adani power deal
The court’s suspension blocks the government from proceeding with the 30-year deal until it rules on a case filed by the Law Society of Kenya
Sub-Saharan Africa’s growth stunted by commodity dependence
IMF urges Sub-Saharan African countries to diversify their economies and implement reforms to overcome sluggish growth and address the impact of global economic shifts.
Mali threatens legal action against Canadian miner over pact
Mali accuses Barrick Gold of violating their mining agreement, but Barrick denies wrongdoing and highlights ongoing negotiations.
Canadian miner open to partnerships for Zambian operations
The company is facing financial challenges due to the closure of its flagship Cobre Panama mine and is exploring strategic partnerships to reduce debt and secure the future of its Zambian operations.
Nigeria drops money laundering charges against Binance exec
The company’s executive, Tigran Gambaryan, was recently released from detention after charges were dropped.
