South Africa will need to invest heavily in renewable energy sources like wind and solar power to transition away from coal, according to a BloombergNEF study.

Senegal and Ghana have applied to join the European Bank for Reconstruction and Development, marking the bank’s continued expansion into sub-Saharan Africa.

The energy group stated its readiness to collaborate with the Nigerian government in exploring the essential procedures for converting the license from prospecting to mining

Next year, Kenya is also facing a $2-billion eurobond repayment obligation

According to data from the National Bureau of Statistics, consumer inflation surged to 27.33% year on year in October from 26.72% in September

The Competition Commission reported that Standard Chartered (SCB) acknowledged its liability in the matter and consented to pay a fine of nearly 43 million rand ($2.3 million)

Tinubu met with IsDB Vice President Mansur Muhtar in Mecca, Saudi Arabia, on Monday night

During the period between July and September, the unemployment rate stood at 31.9 percent of the workforce, down from 32.6 percent in the previous quarter

ECOWAS has enforced stringent economic and financial sanctions against the junta, which involve terminating its access to the state’s accounts held in the regional central bank

In Riyadh, Tinubu’s office stated that he aimed to guarantee the safety of investments for all prospective Saudi investors in Nigeria

Cocobod plans to borrow $1.2 billion for this season, of which $800 million will come from a syndicate of lenders and $400 million from other sources

Israeli-Palestinian conflict’s intensification continues to drive up oil prices

East Africa’s economic powerhouse is confronting an array of challenges, including drained government coffers, surging inflation, and a plummeting currency

Prices spike up following moderate investor profit-taking and increasing tension between Israel and Palestine

During the same conference, Saudi Investment Minister Khalid Al-Falih stated that the kingdom’s Public Investment Fund, which exceeds $700 billion, will undertake “game-changing” investments in Africa

Concerns grow over waning demand in world’s top oil consumers, US and China

US dollar continued its rise against the Sudanese pound reaching the threshold of 1,000 Sudanese pounds

The Oshivela project in western Namibia, supported by the German federal government with a 13 million euro investment, will utilize renewable energy to produce 15,000 tonnes of iron annually

Liter price of diesel remained unchanged at 8.25 Egyptian pounds

Total value of crypto market rises over 2% to around $1.3 trillion

The staff-level agreement, referred to as the Extended Credit Facility (ECF), is contingent upon approval from the IMF’s board

“As a result of the escalation of the recent conflict in the Middle East.”

Total annual gold supply hits 1,147 tons in July-September, thanks to robust demand from central banks

The VanEck Egypt Index ETF (EGPT.N), which follows the MVIS Egypt Index (MVEGPTTR), surged by nearly 19% last week