West to cushion impact of coal phase-out in South Africa

European nations are trying to persuade South African coal workers that switching to renewable energy won’t lead to job losses, but the workers remain skeptical.

Algeria’s wheat imports hit by French exclusion

Algeria has banned French wheat imports in a recent tender, citing diplomatic tensions with France over the Western Sahara dispute.

Two prosecutors face jail for omitting evidence in Eni Nigeria trial

A high-profile Eni corruption trial took a surprising turn as two Milan prosecutors were convicted for failing to file documents that could have helped the defense.

Equinor continues to pursue $42b Tanzania LNG venture

Equinor remains dedicated to $42 billion LNG project despite delays in Tanzania due to government changes to financial agreements.

Kenya’s central bank cuts benchmark lending rate

In a bid to support economic recovery, Kenya’s central bank has cut its benchmark lending rate to 12.00%.

Canadian miner relieved as Burkina Faso maintains permits

A recent announcement from Burkina Faso’s government has brought relief to Canadian mining company Fortuna Mining, as the country has decided to maintain their existing mining permits.

Nigeria set to sell crude oil in local currency

Africa’s oil and gas-rich country’s announcement comes after several nations began selling oil and gas in local currencies following outbreak of Russia-Ukraine conflict in February 2022

African entrepreneurs power rural homes with solar

African solar companies are transforming lives by providing electricity to rural communities in Central and West Africa.

EU court orders Morocco to label products from Western Sahara

This ruling comes after the court found that Morocco’s trade deals with the EU violated the right of the Sahrawi people to self-determination.

IMF releases $360m for Ghana after debt restructuring

Ghana’s economic recovery is gaining momentum as the IMF approves the third review of its $3 billion loan program.

Gilead’s HIV prevention drug gets a boost from licensing deals

Gilead has announced licensing deals to expand access to its HIV prevention drug, lenacapavir, in lower-income countries.

Uganda’s economy faces rising debt risks

Uganda’s foreign exchange reserves have shrunk to a three-month import cover, raising concerns about debt sustainability.

Economic struggles fuel anger as Nigeria marks independence

Clashes erupted as demonstrators demanded a better future.

Ethiopia aims for debt deal by December

Ethiopia expects progress by December towards a debt restructuring agreement with creditor nations, aiming to resolve its default status while negotiating with bondholders.

Significant cocoa price bump in Ivory Coast

Ivory Coast has increased the cocoa farmgate price by 20% to 1,800 CFA francs per kg for the new season to support farmers following a production drop.

US grants Sierra Leone $480M to boost electricity access

Currently, only about 30% of the country has access to electricity, with rural access plummeting to below 5%

Four barrick gold employees arrested in Mali

Mali’s junta has continued its anti-Western policies with the arrest of four Barrick Gold employees.

Zimbabwe lets gold-backed currency drop by over 40%, interest raised

The ZiG, representing Zimbabwe’s sixth attempt at a stable currency within 15 years, was introduced to curb inflation

Russia and Mali advance talks on lithium and solar energy projects

The discussions also included plans for a 200-megawatt (MW) solar power plant to be constructed by Novawind, another Rosatom subsidiary

New leader Faye address Senegal’s financial woes

Senegal’s government unveils a long-awaited financial review, addressing economic challenges and outlining plans for future growth and development.

Nigeria’s Central Bank surprises with rate Increase to 27.25%

Many analysts had anticipated that the central bank would maintain the current rates, especially after inflation declined for the second month in a row in August

Libya’s oil exports plummet amid political crisis

The National Oil Corporation has declared force majeure on several oilfields and ports.

S Africa proposes new measures for BEE improvement

South Africa’s BEE program is under scrutiny as critics argue that it has failed to address the country’s deep-rooted racial inequality.

Eni targets new resources in Libya’s Ghadames basin

The energy company believes there are significant undiscovered resources in the region and is also considering offshore exploration in the future.

Scroll to Top