Syria’s president declares national reconstruction underway
Syria’s president Ahmed al-Sharaa declared that the country’s post-war reconstruction has just begun and called for national unity to rebuild.
Africa’s growth slows; AfDB cuts forecast on trade shocks
AfDB cuts Africa’s growth forecast for 2025 and 2026 citing trade tariff uncertainty and slowing global demand.
Guinea reclaims permits to attract new investors
Guinea cancels 129 unused mining permits as it tightens control and frees resources for new investors in the minerals sector.
South Africa eyes US LNG deal as part of trade package
The proposals were presented during President Cyril Ramaphosa’s recent White House visit, where he discussed trade and cooperation with President Donald Trump
Cameroon OKs $347M loan to ease treasury flow
The finance ministry plans syndicated loans and other instruments to address cash flow issues in Cameroon’s treasury.
Ghana’s central bank to review interest rate’s impact on inflation
The Bank of Ghana raised its interest rate in March after a slight drop in inflation in February
Iraq declares US energy deals with Kurdish region ‘null and void’
Control over oil and gas has been a longstanding point of contention between Baghdad and Erbil
Kodal expects Mali permit soon for 27,000 tons lithium export
Kodal plans to export 27,000 tons of lithium stockpiled in Mali once the government grant the pending export permit.
Leaders meet in Algiers for sustainable future
51st annual meeting of Islamic Development Bank focuses on diversifying economies and enriching lives across member countries
Nigeria’s Renaissance stops pipeline after B-Dere oil spill
Renaissance Energy halted oil flow in one line of the Trans Niger Pipeline after a leak spilled oil into the B-Dere community in Ogoniland.
Cocoa crisis drives Ghana to act with new land acquisition
Ghana will secure 200000 hectares for cocoa farms to combat falling production caused by climate issues and illegal mining.
Syria and DP World agree on $800 million Tartous port deal
Trump’s decision to ease US sanctions opens the door for Syria and DP World to move forward with an $800 million Tartous port development deal.
EBRD approves West African nations for future investments
The EBRD has approved Nigeria, Ivory Coast and Benin as investment recipients, expanding its reach into Sub-Saharan Africa.
Nigeria seeks Petrobras return for deep water oil exploration
Petrobras may return to Nigeria’s offshore oil fields as both nations discuss renewed energy ties ahead of major international summits in Brazil.
Nigeria’s Dangote cancels service as repairs finish early
Dangote refinery in Nigeria cancels June maintenance at gasoline unit after completing needed work during an earlier outage in April.
Guinea revokes bauxite concession for Kebo Energy SA
Sources familiar with Kebo Energy SA revealed the company was unable to secure the necessary funding for the project
Bitcoin hits $100,000 as crypto confidence sees a resurgence
Bitcoin surpassed $100,000 after a US-UK trade deal reignited investor interest and boosted confidence in global crypto markets.
Moody’s warns China slowdown may hit African bank revenues
African banks may be impacted by China’s economic slowdown triggered by U.S. tariffs, leading to lower exports and rising funding risks.
JPMorgan’s $200M call exposes Africa’s debt crisis
Angola, one of Africa’s largest oil exporters, is now facing mounting challenges due to the high costs of unconventional financial deals
Baidu patents AI to translate animal sounds into human speech
Baidu’s new AI system aims to convert animal vocalizations and emotions into human speech by utilizing advanced AI technologies.
Renaissance halts oil pipeline flow in Nigeria after damaging spill
A crude oil spill in Nigeria has led Renaissance to stop pipeline flow and launch a joint investigation with regulators.
Gabon appoints banker Henri-Claude Oyima as finance minister
Gabon’s president Brice Nguema appoints Henri-Claude Oyima as finance minister to tackle liquidity issues and boost the economy.
Tantalite prices soar to two-year highs amid Congo unrest
Unrest in eastern Congo has driven tantalite prices up by 25 percent, impacting electronics and aerospace industries reliant on the rare mineral.
IMF delegation set to visit Angola amid loan negotiations
The IMF has yet to release specific details about the mission or its anticipated outcomes