Kenya plans to privatise state assets to boost private investment

Kenya will privatise state assets through IPOs to bring in private investment and strengthen its domestic capital markets.

US-Africa trade talks see South Africa call for more time

South Africa requested an extension from the US on a bilateral trade deal to ensure alignment with current negotiation frameworks and protect national interests.

Morocco, China launch first EV battery plant

Morocco and China opened a battery component plant expected to power one million EVs per year, marking a major step in green industrial cooperation

Afreximbank may turn to China after credit downgrade

The bank’s chief economist says Afreximbank may avoid tough markets by seeking financing from China and African countries.

Angola urges shift from aid to investment at US-Africa summit

Funding for the Lobito Corridor railway remains secure as U.S. ambassador stresses trade cooperation.

World Bank funds South Africa’s transport and green shift

South Africa received a 1.5 billion dollar World Bank loan to upgrade transport infrastructure and support a low-carbon economic transition.

Niger miners back uranium nationalisation

Niger mine workers’ union supports nationalisation of uranium mine as government moves to reclaim control from French operator Orano.

Uganda posts sharp rise in coffee exports amid bumper harvest

Uganda’s coffee export earnings and shipments rose sharply in May, fuelled by a bumper harvest and rising market prices

African leaders gather in Luanda for US-Africa Summit

The US-Africa Business Summit in Luanda unites African presidents and investors to foster economic partnerships

Congo delays cobalt exports amid market oversupply

Democratic Republic of the Congo extended its cobalt export suspension by three months due to persistent oversupply in the global market

Italy boosts African trade to slow migration

The Italian Prime Minister and EU chief back investments in Africa to curb migration by supporting industries like energy and healthcare.

Niger takes control of French-run uranium joint venture Somair

Niger nationalizes the Somair uranium mine run by French firm Orano amid worsening ties and a dispute over mining agreements and operations.

Botswana, others fund natural diamond push

African diamond producers pledge one percent of revenue to fund marketing campaigns promoting natural diamonds against synthetic rivals.

Wafa buys majority of Cairo-listed Delta Insurance

Morocco’s Wafa Assurance plans to grow its Egyptian business by buying Delta Insurance shares.

Kiswishi project boosts jobs and industry in Congo

Us, UK, and Congo officials launch Kiswishi City SEZ with new Pepsi plant and fuel depot creating thousands of jobs in Haut-Katanga Province.

Burkina Faso transfers key gold mines to state

The state now owns five key gold mines in Burkina Faso to better manage mineral resources.

African nations borrow billions as China funds infrastructure

China’s Belt and Road Initiative has increased Africa’s debt, sparking concerns over project transparency and long-term economic implications.

Lithium exports face full ban as Zimbabwe pushes local processing

Zimbabwe plans to ban lithium concentrate exports from 2027 to expand local refining capacity and grow its battery-grade output.

Kenya’s central bank cuts key rate to boost economy

In its sixth consecutive rate cut, the Central Bank of Kenya reduced the benchmark rate to 9.75 percent to stimulate private sector activity.

Ethiopia sees growth edge higher, deficit widen in 2025/26 budget

Next year’s budget totals 1.9 trillion birr ($14 billion) and envisages a deficit of 2.2 % of GDP, slightly above the current 2.1 %

Nigeria faces loan hurdles as crude price drop spooks backers

Nigeria’s $5 billion oil-backed loan with Aramco is delayed as oil prices fall and banks worry about crude supply.

Africa Finance Corp to sign $320M deal with Italy for Lobito Corridor

The Lobito Corridor is seen as a strategic alternative to Chinese-controlled transport routes for critical minerals in the region

IMF praises Senegal’s tax reforms, case unchanged

IMF backs Senegal’s plan to raise domestic revenue but maintains its stance on the ongoing debt misreporting case.

Suspected crypto kidnapper arrested in Morocco

A Franco-Moroccan man suspected of leading kidnappings targeting French cryptocurrency entrepreneurs was arrested in Morocco amid increased cross-border cooperation.

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