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.

Oil crisis averted in Libya as salaries increase

Libya raises PFG salaries to avert oil shutdown, ensuring stable oil production.

Surging cocoa costs raise concerns of global chocolate shortages

‘It’s upsetting considering we haven’t witnessed such a significant decrease in cocoa output in recent years,’ president of Ghana cocoa buyers group tells Anadolu

Egypt secures $35b lifeline as UAE investment aids currency, debt

Facing a currency crisis, Egypt secures a $35 billion deal with the UAE, promising debt relief, tourism growth, and infrastructure projects.

Lagos unveils relief, transport discounts as Nigeria inflation soars

Facing economic crisis, Lagos Governor unveils relief measures to ease cost of living. Public transport discounts, pregnant women fee exemption offered.

S Africa juggles debt, poverty with tax hikes, grants

Tax hikes and increased social spending in South Africa’s election budget aim to address poverty and debt, raising questions about effectiveness.

Turkey, Djibouti ink military deals, ties soar

Strategic partnership deepens as countries sign agreements for military cooperation and assistance.

Amplats cuts South African jobs as PGM prices crater

Anglo American Platinum, the world’s leading platinum producer, plans to cut 3,700 jobs in South Africa due to falling platinum prices

Nigerians protest hunger, hardship as food prices skyrocket

Southern Nigeria joins nationwide protests as economic crisis worsens, with Tinubu facing calls to resign over rising food costs and inflation.

Kenya repurchases over $1.4B in maturing international bonds

Kenya retires $1.4 billion of maturing international bonds, showcasing a resilient financial stance.

Dangote refinery in Nigeria readies initial fuel exports

The refinery, boasting a capacity of 650,000 barrels per day

Nigeria proposes commodity board to control surging food prices

The move comes in response to the surge in food costs, contributing to double-digit inflation

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