Egypt and UAE’s AD Ports agree on logistics zone near Port Said

AD Ports will develop 2.8 square km of a 20 square km zone near Port Said with a quay and potential cargo terminal in the first development phase.

Congo OKs Starlink after lifting earlier ban

Congo has approved Starlink to launch internet services after initially banning the company due to concerns over potential rebel group use.

US presses Congo and Rwanda to strike peace and mineral deals

The U.S. is pressing Congo and Rwanda for a peace deal alongside massive mineral investments expected to bring billions to the region.

Tax case against Binance in Nigeria delayed again by court

A Nigerian judge adjourned Binance’s tax evasion case to May 12 over an unresolved legal service issue involving email communication.

BRIC countries unite in denouncing tariff-driven trade policies

BRICS foreign ministers criticized the global surge in trade protectionism during a Rio meeting, highlighting a united stance against economic barriers.

Belgium eyes expanded role in Congo’s mineral sector

Congo, which boasts significant reserves of copper, cobalt, lithium, and uranium, among other minerals, has faced challenges in attracting foreign investment due to ongoing instability

Trump pushes for toll-free travel for US ships in Panama, Suez

Trump demands that US ships be allowed to travel freely through the Panama and Suez canals while claiming the US is responsible for building them.

Burkina Faso grants Nordgold a mining lease for gold

Russia’s Nordgold has secured a mining lease in Burkina Faso for a gold project expected to generate substantial income for the country.

South African rand holds steady as investors await budget clarity

By 1236 GMT, the rand traded at 18.8125 against the dollar, nearly matching its Wednesday closing level of 18.81

Morocco moves ahead with $10 billion plan to expand rail network

Morocco has launched a $10 billion rail expansion plan, including a high-speed line to Marrakesh, in preparation for co-hosting the 2030 World Cup.

South Africa warns Trump tariffs deepen global market fears

South Africa’s central bank governor warned that Trump’s tariff-driven trade talks are fueling prolonged uncertainty in global financial markets.

Namibia plans nuclear energy plant talks

As a top uranium producer, Namibia will initiate discussions on establishing its inaugural nuclear energy plant to support its economy.

Tanzania halts SA, Malawi farm goods over trade bans

Tanzania has announced a ban on all agricultural imports originating from South Africa and Malawi, citing retaliatory measures against similar trade restrictions imposed by both nations.  Agriculture Minister Hussein Bashe stated in a video address that this action follows the failure of South Africa and Malawi to lift their bans on Tanzanian agricultural goods by

Trump moves to exempt carmakers from some new trade penalties

President Trump plans to exempt carmakers from some tariffs on Chinese imports and metals, according to a report by the Financial Times.

US Treasury chief says trade war with China cannot go on forever

In a speech, Treasury Secretary Bessent warns that the tariff standoff with China can’t last, urging a de-escalation amid ongoing market concerns.

Central Africa’s FX fund initiative falls short of targets

A senior industry source estimated that the total contribution could reach between $350 million to $500 million by May, well below the original target

Morocco takes first step toward LNG expansion with Nador project

Morocco will soon launch a tender for an LNG terminal near Nador as part of its strategy to diversify energy sources and expand renewables.

Algeria sees $10B Turkey trade target

Turkish and Algerian ministers agreed to target $10 billion in trade while discussing investment and cooperation in several sectors in Algiers.

Egypt’s Red Sea oil hopes dim as Chevron and partners withdraw

Chevron and other oil firms have left Egypt’s Red Sea concessions with no finds and are now redirecting exploration to other regions.

IMF says Nigeria’s reforms aren’t helping the poor

Tinubu’s economic overhaul aims for growth but leaves many Nigerians facing continued hardship and rising costs.

Mozambique seeks new IMF loan talks to match government goals

Mozambique asked the IMF to start discussions for a new loan plan aligned with its new government’s policy goals and priorities.

Ghana’s cedi gains while Zambia’s kwacha remains under pressure

Ghana’s cedi sees positive movement due to liquidity support as Zambia faces ongoing challenges in stabilizing its currency.

Trump confirms US has held tariff discussions with China

Trump confirmed that China has reached out multiple times as the US seeks to settle a major trade conflict through continued discussions.

IMF reaches deal to unlock $441 million in funds for Tanzania

Tanzania is set to gain $441 million from the IMF after a staff-level agreement was reached under two existing financial support programs.

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