Egyptian fintech MNT-Halan acquired Turkey’s largest nonbank micro-leasing company, Tam Finans, to expand its consumer credit in Turkey.

Bank of Mozambique slashes interest rate for the fourth consecutive monetary policy meeting.

French oil giant is expanding its renewable energy presence in Africa by acquiring hydropower projects in Uganda, Rwanda, and Malawi.

The move is expected to reduce the country’s reliance on foreign currency for oil imports and stabilize fuel prices.

The lawsuit revealed that the debt led to a currency collapse and financial turmoil after the scandal surfaced in 2016

The move aims to attract a $10.5 billion bailout package from international lenders to address the country’s economic crisis, including high debt, inflation, and foreign currency shortages.

NOC reaffirmed its commitment to existing contracts and legal sales procedures, dismissing claims of potential oil deals with Nigeria.

Petrobras, facing obstacles in Brazil, bids to become operator of Galp’s Namibian oil field, Mopane, which holds an estimated 10 billion barrels of oil equivalent.

Nigeria’s Dangote refinery, aiming to transform the country’s oil industry, is facing challenges.

The domestic dollar-denominated bond aims to attract investment from Nigerians living abroad and those with savings held overseas

Tanzania launches a new electric railway connecting Dar es Salaam and Dodoma, aiming to modernize transportation and reduce travel time.

CNPC, a major investor in Niger’s oil industry, has suspended construction at the Agadem oilfield following a series of attacks by terrorist groups targeting oil infrastructure in the country.

Botswana is introducing a new law that compels mining companies to sell a 24% stake to locals if the government declines its option to buy shares.

Nigeria’s central bank raised its benchmark interest rate for the fourth time this year to combat soaring inflation and a weakening naira.

In a surprising development, Egypt has announced a rapid decline in its external debt, totaling $14 billion in just five months.

The parliament launches an investigation to address limited crude supplies, substandard fuel practices, and rising fuel queues.

South Kivu in DR Congo suspends all mining to address “disorder” and restore order in the mineral-rich but violence-plagued region.

The African Development Bank lends $1 billion to South Africa’s Transnet to upgrade its rail and port infrastructure.

Egypt’s Suez Canal revenue dropped 23.4% due to a decline in shipping traffic caused by Huthi rebel attacks in the Red Sea.

Cooperation in energy, mining, intelligence, and defense is on the agenda.

The IMF approved $71 million for Niger despite a military coup, while urging the country to improve debt management and fight corruption.

African leaders discuss the African Union’s budget for 2025 and its role at the upcoming G20 Summit during a meeting in Ghana.

TotalEnergies exits a Nigerian onshore oil venture, selling its stake to Chappal Energies for $860 million.

Ethiopia signs a currency swap agreement with the UAE, allowing for exchange of local currencies and promoting trade and investment.