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

Ongoing conflict between Israel, Palestine generating fears of deepening supply deficit for remainder of year

He stated that Kenya’s foreign exchange reserves had decreased to the level of approximately 3.7 months of import cover

The award, initially granted in 2017 and subsequently augmented in 2019 to encompass interest, represented a substantial portion of Nigeria’s foreign reserves

The Kenyan shilling has been on a downward trajectory for a number of years and experienced a nearly 24 percent depreciation in the last year

TPA director general Plasduce Mbossa stated that the contracts will undergo a review every five years

The national statistics agency, StatsSA, reported that annual consumer price inflation escalated to 5.4 percent last month

Nigeria is actively courting investors for its historically underdeveloped mining sector, which has historically accounted for less than 1% of the country’s gross domestic product

Researchers cite technical weaknesses, manipulated cryptocurrencies as main cause of damage

The nuclear power plant, once operational, will serve as a means for the country to fulfill its energy requirements, the energy ministry reported.

In June, Zambia had tentatively reached an agreement with its creditors, encompassing both China and Western nations, on $6.3 billion of its debt

Event important for Turkey-Africa trade target of $75B, chairman of Turkey’s Foreign Economic Relations Board says