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.

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.