Microsoft is restructuring its operations in Africa, with the closure of its development center in Lagos.

Deals include promoting university exchange programs and research in renewable energy.

Turkey and Algeria have agreed to significantly increase the number of weekly flights, offering more travel options and eliminating destination limitations.

Gold prices slipped in early Asian trading on May 6th as the US dollar strengthened.

The IMF revised Senegal’s 2024 growth forecast down to 7.1% due to a slow first quarter caused by elections and gas production delays, but the new government remains committed to the IMF program.

DRC’s $7 billion infrastructure deal with Chinese companies relies on copper prices staying high, as per the revised minerals agreement.

ExxonMobil eyes a late 2025 investment decision for its redesigned Rovuma LNG project in Mozambique.

A harvest shortfall in Ivory Coast and Ghana combined with pre-sold contracts at low prices creates a complex situation for farmers.

Mali’s agricultural calendar spans from April to April

Facing a foreign reserves crisis, Egypt implemented a devaluation strategy and secured an IMF deal.

In anticipation of ZiG’s introduction, authorities cracked down on illegal foreign currency trading, accusing dealers of exploiting the new currency’s exchange rates against the greenback

Morocco is investing $176 million to expand Marrakech Menara Airport’s capacity, allowing it to handle over 11.5 million passengers annually.

Suez Canal one of main source of Egypt’s foreign currency

Despite Houthi attacks in Yemen’s Red Sea, Saudi Arabia presses on with tourism development projects.

The emirate unveils plans for a $35 billion mega-terminal at Al Maktoum International, aiming to become the world’s largest and eventually replace the current Dubai International Airport.

The United Arab Emirates is preparing for its future energy needs by inviting bids for a new nuclear power plant.

Democratic Republic of Congo demands Apple provide details about its supply chain to address concerns over the use of conflict minerals.

Algeria, home to nearly 45 million inhabitants, has grappled with recurring milk shortages in recent years

The government has approved the development of a special free zone and international tourist port, backed by a $35 billion investment deal with the UAE.

Oil prices rise on positive US inventory data indicating tightening markets and strong demand ahead of the summer driving season.

The central bank distributed $10,000 each to 1,583 currency exchange operators at a rate of 1,021 naira per dollar

The World Bank suspended funding for a Tanzanian tourism project due to allegations of forced evictions and rights abuses against communities near a national park.

Despite approving a loan increase, the IMF expresses concerns about Egypt’s central bank lending and calls for stricter public spending controls.

To address dollar shortages, Nigeria’s central bank is selling dollars to exchange bureaus at a more favorable rate.