Study reveals sharp increase in food insecurity in Nigeria
Security threats and the removal of fuel subsidies have exacerbated Nigeria’s food crisis, leaving millions struggling with hunger.
Senegal takes environmental action against gold mining
Senegal has implemented a three-year ban on mining activities along the Faleme River to address pollution concerns and protect the health of local communities.
Binance executives face trial in Nigeria a month earlier
Two executives have been charged with laundering over $35 million, and one has escaped detention. The trial date has been moved up.
Ivory Coast’s cocoa season starts slowly despite abundant pods
Cooler weather and insufficient rainfall are impacting Ivory Coast’s cocoa production.
Ivory Coast to subsidize small cocoa exporters to boost volumes
Government is increasing its support for small cocoa exporters to help them compete with larger international players.
Ghana’s debt restructuring plan takes final steps
Investors in Ghana’s Eurobonds have a chance to swap their holdings for reissued bonds.
Mali’s mining companies see sharp drop in gold reserves
The decline is attributed to various factors, leading to a potential drop in gold production.
Kenya aims for nuclear power plant by 2034 amid safety concerns
Kenya is set to build its first nuclear power plant by 2034 amid environmental concerns and a major summit.
Algerian tanker sets sail for Lebanon with fuel aid
The shipment is expected to help restart power plants and restore electricity in the country.
Inflation eases in South Africa, unemployment remains high
South Africa’s inflation rate fell to a three-year low in July, but the country’s economy continues to struggle with high unemployment and poverty.
Cocobod self-finances for first time in decades
Ghana’s cocoa regulator, Cocobod, will not raise a syndicated loan for the first time in over three decades, opting for self-financing to avoid high interest rates.
Qatar Airways takes a 25% stake in South African carrier Airlink
The partnership between Qatar Airways and Airlink will provide travelers with more options and better connectivity across Africa.
Ghana breaks ground on $12B petroleum hub amid criticism
Ghana, known as the world’s second-largest cocoa producer, entered the oil industry in 2010
Egypt cuts subsidies, boosts electricity prices by up to 50%
Egypt’s government has announced a substantial increase in electricity prices, affecting millions of households.
Kenyan taxi industry in turmoil over price pressure
Kenyan taxi drivers are defying ride-hailing companies like Uber and Bolt by setting their own higher fares due to unsustainable prices and rising living costs.
Ethiopia seeks debt relief amid economic crisis
Ethiopia is grappling with a severe debt crisis, seeking relief through restructuring.
South Sudan overrides court, mandates cargo seals
South Sudan has imposed mandatory cargo sealing despite a court challenge from traders.
Zimbabwe hosts SADC summit amid regional security concerns
SADC heads of state gather in Zimbabwe for the 44th summit to address economic challenges and regional security threats, with Zimbabwe taking over the bloc’s chairmanship.
Gulf of Guinea becomes gas hub as Nigeria, E Guinea sign deal
Nigeria and Equatorial Guinea signed a significant agreement on the Gulf of Guinea pipeline project, which covers regulatory measures, gas transit.
Bondholders slam Ethiopia’s debt restructuring plan
Ethiopia’s government faces criticism from bondholders over its proposed 20% reduction in the principal of its $1 billion bond.
New defense pact between Egypt, Somalia aims to boost security
Somali President Hassan Sheikh Mohamud visited Egypt to sign a defense pact aimed at combating terrorism.
Diamond market slump gives Botswana edge in HB Antwerp deal
Botswana plans to double its stake in Belgian diamond dealer HB Antwerp without additional investment due to the diamond market downturn.
Kenya aviation workers plan strike over deal with India’s Adani
The union cites concerns about job losses and non-Kenyan workers, potentially disrupting East African travel.
Menu prices vanish as Ethiopia battles inflation and currency woes
The floating exchange rate policy in Ethiopia has led to erased menu prices in Addis Ababa, as businesses struggle with inflation and currency devaluation.