A Moroccan court upheld a record $630 million fine against Maroc Telecom for unfair competition practices that stifled competitor Inwi.

Nigeria’s oil regulator approved the sale of key onshore assets to Oando and Project Odinmim, while approvals for Exxon Mobil and Shell’s sales remain pending.

The IMF finishes disbursing a loan to Congo, with future support contingent on transparency in military spending and mining revenue.

The World Bank’s active projects in Gabon focus on public health, skills development, and statistics, as listed on its website

The World Bank offers a lifeline with a $208 million grant to address the social and economic consequences.

Egypt’s TMG unveils a $21 billion investment in SouthMED, a luxury tourism project with villas, marinas, and more.

In addition to emergency cash assistance, the funding will bolster existing social protection programs in Zambia

A survey reveals OPEC oil production rose in June, defying output cuts. Nigeria and Iran led the increase, while Iraq continued to exceed its quota.

Facing a potential summer power crisis, Egypt ramps up domestic gas production and secures LNG imports.

Ivory Coast plans to revise its mining code to increase government revenue from the growing gold sector, aiming to diversify its income beyond cocoa.

This major discovery of seven new deposits in eastern Saudi Arabia and the Empty Quarter strengthens the country’s energy future.

The maize will be supplied from four NFRA warehouses in southwestern Tanzania

Egyptians face a brutal summer with daily power outages adding to scorching temperatures.

The IMF predicts slower economic growth for Zimbabwe in 2024 due to a severe drought but anticipates a rebound in 2025.

Seeking to reduce emissions, Germany partners with Morocco to develop green hydrogen as a future energy source.

The drought, exacerbated by the El Niño climate phenomenon, has severely impacted crop yields and disrupted water and electricity supplies across southern Africa

The deal involves supplying 200,000 tonnes of red meat and 1 million tonnes of soybeans annually.

The IMF approved a $569.6 million disbursement for Zambia and increased its aid package to $1.7 billion to help the country combat a severe drought.

Climate activists worldwide protested at Chinese embassies, urging China not to finance a controversial oil pipeline project in East Africa.

South Africa and the EU clash at the WTO over new citrus import rules. South Africa claims the EU’s measures are unscientific and hurt their exports.

The move aims to stimulate economic growth, but a decline in farming output could lead to a slowdown.

Facing summer blackouts, Egypt plans to import $1.18 billion in fuel to restore power by July.

The council’s “Dollar Dominance Monitor” underscores that the dollar continues to dominate in foreign reserve holdings

Facing economic strain, Egypt secures a €1 billion lifeline from the European Union through a macro-financial assistance agreement.