Tunisia to receive €450 million from EIB
Facing economic hardship, Tunisia receives a €450 million boost from the European Investment Bank.
DRC miners face exploitation despite green energy boom: NGO
A new report reveals shocking working conditions for miners in DR Congo, a key source of cobalt and copper for electric vehicles and green energy.
Mali financial union extends strike over leader’s detention
Initially, SYNABEF’s strike lasted from Thursday to Saturday following Bah’s arrest on Wednesday
Ghanaians march in Accra against power outages
Peaceful protests in Accra saw citizens carrying kerosene lanterns and chanting songs, demanding an end to the power outages disrupting their lives and businesses.
Court fines MultiChoice Nigeria, orders free month for subscribers
A consumer lawsuit in Nigeria led to a fine for MultiChoice (DSTV, GOTV) and a free month for subscribers after the company ignored a court order on price increases.
Gaza’s jobless rate nears 80 percent as Israel devastates economy
The war in Gaza has driven the unemployment rate in the territory to nearly 80 percent, severely impacting livelihoods.
Tensions rise between Benin, Niger over oil exports, border closure
Benin detains Niger nationals in a dispute over oil pipeline access, escalating tensions between the West African neighbors.
Boost for Egypt: IMF greenlights loan, urges deeper reforms
Facing economic challenges, Egypt secures a crucial $820 million loan from the IMF.
Nvidia stock surge threatens Apple’s dominance
Fueled by AI and a stock split, Nvidia’s market cap nears $3 trillion.
Mali bank workers strike after union leader’s arrest
Tensions rise in Mali as bank workers strike and protests erupt over high living costs and electricity cuts.
Russian minister Lavrov in Chad for military pact
Sergei Lavrov concludes his African tour in Chad, focusing on bolstering military ties amidst rising anti-Western sentiment.
Kenya’s president: Africa key to climate solutions, needs investment
Kenyan President Ruto emphasizes Africa’s potential to contribute to global decarbonization efforts.
IMF approves $574 million to aid drought-stricken Zambia
Facing a devastating drought, Zambia secures a $574 million IMF loan to address food insecurity and support its economy.
Wage talks prompt suspension of Nigerian nationwide strike
Nigerian union leaders suspended a nationwide strike for seven days to facilitate further negotiations on wage increases and other demands.
Moroccans urge gov’t to block weapons shipping to Israel
An activist group in Morocco has requested government intervention to prevent a Japanese-owned cargo ship.
Egypt extends power cuts amid heatwave, network maintenance
To combat a summer heatwave and network maintenance needs, Egypt extends power cuts by an extra hour.
Toyota cheats emissions, halts 3 models
Production of 3 models is halted, but the company assures no safety concerns for existing vehicles.
Nigerian strike cripples economy over minimum wage
Strike fever grips Nigeria as workers protest rising living costs and a stagnant minimum wage.
Nigeria’s largest refinery begins jet fuel exports to Europe
BP shipping 45,000 metric tons of fuel from Lagos’ Dangote refinery to Rotterdam
Ivory Coast scraps mid-crop cocoa grading discount
Facing a global cocoa deficit, Ivory Coast tightens export terms by canceling a mid-crop grading discount for deferred contracts.
Green light for EU-Kenya pact: Boosting trade, sustainability
The European Union officially adopted the Economic Partnership Agreement with Kenya, granting duty-free access for Kenyan exports and fostering cooperation on sustainability.
High borrowing rates cripple Africa’s development, leaders say
Facing high debt and unfair borrowing costs, African leaders urge reform of the global financial system.
Guinea-Bissau uses blockchain to track civil servant pay
Guinea-Bissau, a corruption-plagued country, is the first in sub-Saharan Africa to utilize blockchain technology to manage civil servant salaries and enhance transparency.
Egyptian PM announces increase in subsidized bread price
Effective from June, the price of subsidized bread will rise from 5 piastres to 20 piastres