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.
US approves Stinger missile sale to Morocco
Morocco is set to purchase Stinger Block I missiles for $825 million after US approval.
Mali shuts Barrick Gold’s office in Bamako over tax allegations
Barrick Gold’s office in Bamako was shut by Mali’s government over unpaid taxes, deepening an ongoing mining dispute between the two sides.
BRICS warn US tariffs hurt global growth
BRICS members express concern over US tariffs, warning of damage to global trade and developing nations.
AfDB warns of tariff ‘shock wave’ for African economies
AfDB President Akinwumi Adesina warns that US tariffs will weaken African economies and increase inflation and debt servicing costs.
Zambia to resume power line link with Tanzania, World Bank says
The Zambia–Tanzania Interconnector Project, set for completion by 2028, will be funded with $320 million from the World Bank, the European Union, and Britain
Diesel and gasoline prices rise sharply in Egypt
Egypt increases fuel prices by up to 15 percent in 2025 as part of an IMF-backed reform plan to scale down energy subsidies and cut the fiscal deficit.
Fitch says Africa can weather US aid cuts and trade strains
Despite U.S. aid cuts and global trade friction, African credit ratings remain stable with local reforms and financial institutions offering support.
Study: Trump’s car tariffs to hit US industry hard
The automotive industry could face $4,911 to $8,722 in tariff costs per vehicle under Trump’s new 25% import tax.
AfDB plans $2.2B boost for Nigerian farms
AfDB is launching a major agro-project in Nigeria with $2.2 billion in investments to reduce food imports and boost local farming productivity.
US tariffs jeopardize 35,000 citrus jobs in South Africa, farmers warn
The warning comes days after President Donald Trump imposed a 31% tariff on imports from South Africa
Kenya’s high business costs could limit tariff trade gains
Kenya hopes to gain from U.S. tariff differences but faces global recession risks and high business costs that could limit its export growth.
Trump threatens steep new China tariffs as global markets tumble
The US-China trade war deepens as Trump vows new tariffs and stock markets suffer major losses.
South Africa treasury seeks new funding without VAT hike
President Ramaphosa notes few viable alternatives to a VAT hike as the treasury continues its 30-day revenue review.
Zimbabwe suspends tariffs on US imports to boost trade
In a bid to improve bilateral relations, Zimbabwe suspends tariffs on US imports, promoting more American goods in the country.