Somali President Hassan Sheikh Mohamud visited Egypt to sign a defense pact aimed at combating terrorism.

Botswana plans to double its stake in Belgian diamond dealer HB Antwerp without additional investment due to the diamond market downturn.

The union cites concerns about job losses and non-Kenyan workers, potentially disrupting East African travel.

The floating exchange rate policy in Ethiopia has led to erased menu prices in Addis Ababa, as businesses struggle with inflation and currency devaluation.

A senior Petronas official, who requested anonymity, cited several reasons for the withdrawal, including ongoing conflict in Sudan

The airport will have a capacity of 100 million passengers annually and is expected to be completed in 2029.

Nigeria’s recent protests against inflation and economic hardships have led to significant business losses and economic downturn.

Ghana’s Vice President, Mahamudu Bawumia, has hailed the opening of the country’s first gold refinery as a new era for the gold industry.

Ethiopia is undergoing a financial transformation as the central bank starts licensing independent foreign exchange bureaus.

Most of Egypt’s wheat comes from Russia, which supplied nearly 70% of its wheat imports in 2023

As part of efforts to manage high inflation and foreign currency shortages, Ethiopia’s central bank held an auction, setting the exchange rate at 107.9 birr per U.S. dollar with participation from 27 banks.

Nigeria’s crude output has surged due to the navy’s efforts to curb oil theft by increasing surveillance, enforcing security, and blocking channels for selling illegally refined products.

Kenya’s Mobius Motors, known for its affordable SUVs, has ceased operations due to financial difficulties, primarily caused by tax hikes.

The NOC attributed the reduction to “force majeure circumstances resulting from a sit-in by the Fezan movement”

Glencore’s international unit was found criminally liable for bribery in Congo and ordered to pay over $150 million in fines and compensation.

The Sharara oil field in Libya has once again been disrupted by local protesters, leading to a partial shutdown of operations.

Egypt’s net foreign assets have stayed positive for two consecutive months, a significant improvement after being deeply negative for over two years.

Amid rising protests President Tinubu defends subsidy removal as essential for Nigeria’s economic recovery.

A manhunt is underway for a Zimbabwean accomplice as Zambian authorities investigate a counterfeit currency ring that resulted in the seizure of $1.6 million in fake cash.

The IMF has expanded its Executive Board to include a new seat for Sub-Saharan Africa, giving the region a stronger voice in the global financial institution.

Ethiopia will secure $4.9 billion in debt repayment relief upon completing its current restructuring efforts, State Finance Minister Eyob Tekalign announced on Friday. The East African nation is reviving its long-delayed debt overhaul with the support of a new International Monetary Fund (IMF) financing program. “We will finalize agreements with each creditor country over the

The country faces a deficit exceeding 1,000 MW, exacerbated by dwindling water levels at the Kariba hydropower plant due to lower rainfall and drier conditions

Ethiopian authorities have closed dozens of businesses in Addis Ababa and Oromiya for hiking prices after the central bank floated the national currency.

Cameroon’s government successfully raised $550 million through a bond sale to address domestic debt and stimulate economic growth.