Zambia makes progress in $3 billion debt restructuring talks
A new $3 billion debt restructuring proposal is on the table, raising hopes for a resolution to Zambia’s debt crisis.
Nigeria moves towards sustainable energy with pilot solar project
The country’s sovereign fund unveils plans for a 20MW solar plant, the initial stage of a 300MW project.
World Bank Group commits $6 billion support to Egypt over three years
Furthermore, Egypt secured an enhanced $8 billion arrangement with the International Monetary Fund in March
EU and Egypt set to sign 7.4 billion euro funding package
Egypt’s strategic location amidst turbulent neighboring regions underscores its significance for Europe
China and Angola deepen ties with upgraded partnership
China and Angola elevated their diplomatic relationship to a “comprehensive strategic cooperative partnership” during a state visit by Angolan President Joao Lourenco.
Ghana seeks relief, talks begin on $13 billion debt
The negotiations aim to ease the financial strain on the world’s second-largest cocoa producer.
Nigeria secures $1.3 billion financing for rail link with Niger Republic
This railway endeavor aims to bolster existing economic and social bonds, fostering enhanced trade and cultural collaboration between the two nations
AfDB’s Adesina warns against unequal resource deals
Resource-backed loans are risky and can lead to exploitation by lenders, the African Development Bank urges a new approach.
India inks $100 billion trade deal with EFTA nations
The pact reduces tariffs on goods, promotes investment, and aims for economic growth.
Egypt’s yearly urban inflation soars to 35.7% in February
The uptick in inflation occurred prior to an anticipated spike resulting from the recent devaluation of the currency
Nigeria’s economic crisis hits Ramadan preparations
With food inflation at 35 percent, many worshippers struggle to provide for their families.
Investor demand pushes Bitcoin above record $70,000
Fueled by a surge in investor demand and anticipation of lower interest rates, Bitcoin skyrockets to a record high above $70,000.
Deputy treasury secretary to visit South Africa next week
Adeyemo’s agenda will cover various key topics, including discussions on illicit finance, the transition to clean energy, investment in emerging entrepreneurs and leaders
Foreign investors return to Egyptian Treasury bills after rate hike
Foreign investors return to Egyptian treasury bills after a long absence, drawn by high yields following a central bank rate hike and currency depreciation.
Egypt devalues Pound, secures $8 billion IMF loan
Facing economic challenges, Egypt secures a boosted $8 billion loan deal from the IMF to support its reform program.
Gold stalls at peak as investors look to Fed chief
Gold holds steady at a near three-month high as investors wait for clues from the Fed.
EU fines Apple $2B for antitrust violations
Apple faces $2 billion fine for anti-competitive behavior in music streaming on iPhones.
Tunisia debt crisis fuels public anger, union leads demonstrations
Thousands of Tunisians took to the streets in Tunis, protesting rising prices and deteriorating living conditions.
Sanctions hinder least developed countries — South Sudan
African LDCs face hurdles reaching UN development goals. Funding, resources key.
Egypt receives initial $35B from UAE investment agreement
Cairo says $5B transferred as part of investment deal with UAE
Bitcoin nears all-time high after ETF approval
Bitcoin’s price reached $60,000, close to its all-time high, fueled by the approval of new crypto-linked investment products and anticipation of a future supply reduction event.
Workers walk off in Nigeria as economic pain worsens
Unions and workers protest in Nigeria as inflation spirals and living standards plummet.
ENI project makes Congo newest LNG exporter
Congo ships its first ever LNG cargo, marking a new chapter in its energy journey and offering Europe hope for energy security.
Niger-Benin trade corridor remains blocked despite lifted sanctions
The ECOWAS lifted sanctions on Niger, but the Niger-Benin border persists in being closed, causing uncertainty in the region.
