The African Development Bank banned a Chinese road builder for a year due to undisclosed commission agent use in bidding for a Ugandan road project.

Traditionally renowned for its wildlife parks and stunning Indian Ocean beaches, Kenya has attracted tourists from around the globe

The arrangement builds upon a previous $3 billion, 46-month Extended Fund Facility inked in December 2022

Africa Trade Desk aims to increase sales by $300 million, benefiting small-scale farmers and meeting US demand for unique African flavors.

The Africa Energy Bank is set to launch with $5 billion to fund oil & gas projects across the continent.

Kenya Airways emerges from years of losses, recording its first operating profit in seven years thanks to a surge in revenue and passenger numbers.

Nigeria’s central bank hikes interest rates to a record 24.75% to battle soaring inflation above 30%.

Ghana aims to fast-track debt restructuring talks with bondholders to secure IMF funds and overcome its worst economic crisis.

New exchange-traded funds (ETFs) are fueling a surge in Bitcoin demand.

Zambia’s government announces a milestone agreement, restructuring $3 billion of international bonds in a debt restructuring deal with private creditors.

According to World Bank data, 46% of Nigeria’s population was classified as poor in 2023, with twenty million residing in urban areas

Ghana’s cocoa woes are causing a ripple effect. Falling production slashes exports, shrinks trade surplus, and weakens the cedi.

Facing a crypto crackdown in Nigeria, Binance executives remain in detention despite a court appearance.

A new $3 billion debt restructuring proposal is on the table, raising hopes for a resolution to Zambia’s debt crisis.

The country’s sovereign fund unveils plans for a 20MW solar plant, the initial stage of a 300MW project.

Furthermore, Egypt secured an enhanced $8 billion arrangement with the International Monetary Fund in March

Egypt’s strategic location amidst turbulent neighboring regions underscores its significance for Europe

China and Angola elevated their diplomatic relationship to a “comprehensive strategic cooperative partnership” during a state visit by Angolan President Joao Lourenco.

The negotiations aim to ease the financial strain on the world’s second-largest cocoa producer.

This railway endeavor aims to bolster existing economic and social bonds, fostering enhanced trade and cultural collaboration between the two nations

Resource-backed loans are risky and can lead to exploitation by lenders, the African Development Bank urges a new approach.

The pact reduces tariffs on goods, promotes investment, and aims for economic growth.

The uptick in inflation occurred prior to an anticipated spike resulting from the recent devaluation of the currency

With food inflation at 35 percent, many worshippers struggle to provide for their families.