Malawi sells gold reserves to fund fuel imports amid forex crisis
Government uses gold sales and external financing to secure fuel imports as forex shortage deepens in Malawi.
Senegal debt chief says figures align amid IMF talks audit
Senegal debt official says financial figures align with IMF data after audits and denies claims of hidden arrears reports emerging.
Morocco agriculture minister forecasts strong cereal harvest
Heavy winter rains help Morocco more than double cereal output to nearly nine million tonnes after prolonged drought conditions easing.
Trump weighs US-UAE currency swap amid Iran war risks
Trump says US may support UAE with currency swap amid Iran war tensions
Zambia copper output faces pressure as acid shortage deepens
Zambia mining sector hit by shutdowns as copper smelters and acid supply constraints weigh on regional output levels.
US invests in South Africa rare earths despite tensions
Phalaborwa project highlights US efforts to secure rare earth supply chains even as relations with South Africa face political challenges.
Nigeria and Turkey sign defence deal
Nigeria sends special forces to Turkey for advanced training under new bilateral security cooperation agreement deal.
Congo market absorbs Ivanhoe acid amid global supply squeeze
Strong demand in Congo supports Ivanhoe acid sales as global supply tightens due to Middle East disruptions.
Libya factions sign deal to unify spending after decade split
US mediated Libya deal aims to stabilise finances through unified budget after years of institutional division and conflict reports indicate.
World Bank warns Middle East war to hit global growth
World Bank urges targeted relief measures as countries face higher costs from energy shocks linked to Middle East war.
Mauritius raises electricity tariffs by 15 percent in May
Mauritius expects weaker growth and higher inflation as Middle East conflict affects energy markets and shipping routes.
DR Congo bans dollar cash transactions in new policy
Policy aims to curb money laundering and reduce reliance on US dollar, which dominates most everyday transactions across DR Congo.
World Bank, IMF warn rising energy costs will boost food prices
World Bank IMF and UN warn rising oil gas and fertilizer prices will increase global food costs, threatening vulnerable populations in low-income countries.
Madagascar declares energy emergency over fuel shortages
Madagascar struggles with fuel supply delays and declares energy emergency to stabilise electricity and essential services.
Morocco debuts MASI 20 futures on Casablanca Exchange
MASI 20 futures trading begins in Morocco under new regulatory framework for derivatives and equity market growth.
OPEC+ raises oil output again amid warnings over war damage
OPEC+ agreed to raise oil production quotas while warning that war damage to energy infrastructure and disrupted shipping routes could prolong volatility and threaten global energy supplies.
AU warns Middle East war could trigger cost-of-living crisis
The conflict threatens growth and inflation while creating limited gains for some ports and exporters in Africa.
Nigerian oil producer Seplat resumes operations after strike
Workers at Seplat Energy halted industrial action as the company committed to pay increases and collective bargaining talks continue.
Africa maintains growth despite debt and global uncertainty
Africa sustains broad economic growth despite debt, climate risks, and global uncertainty, with East, North, and West Africa driving regional integration and diversification.
Africa hikes fuel prices as Iran war drives global oil higher
African governments across South Africa, Ghana, Malawi, and other nations raised fuel prices sharply as the Iran war drives global oil costs higher.
Sudan risks import crisis as war drives shipping costs higher
Rising shipping costs and war tensions threaten Sudan’s imports, food supply and fragile economy
UAE rolls out emergency support to soften economic blow
Dubai announced $272 million in aid for citizens, families, and businesses to mitigate economic disruption caused by Iran’s attacks and regional instability.
South Sudan, Mauritius face energy strains amid global fuel shortages
Mauritius and South Sudan are introducing energy restrictions and power rationing as African nations face fuel shortages caused by the Iran conflict disrupting oil supplies.
Nigeria exports fuel as global oil deliveries falter
Nigeria’s Dangote Refinery has started exporting fuel to several African nations after Middle East war disruptions pushed global oil prices higher.
