It is impacting the global cobalt market, as ERG is a major producer and lacks stockpiles outside the DRC.

Speaking at an event in Johannesburg, Smith also revealed that Microsoft plans to fund technical certification exams for 50,000 individuals

Seplat Energy plans to invest up to $320 million in new wells and infrastructure in Nigeria this year, aiming to more than double its oil output to as much as 140,000 barrels per day following its acquisition of ExxonMobil’s Nigerian assets.

After 17 years of hiatus, Libya opens first oil exploration bidding round to attract foreign companies.

Uganda has signed its first mining production sharing agreement with local firms Sarrai Group Limited and Nile Fibreboard Limited to redevelop the Kilembe copper and cobalt mine.

Cocoa farmers in Ivory Coast urge for more rain to strengthen mid-crop and ensure better yield.

The funding, provided by the European Investment Bank (EIB), will be used to upgrade Egypt’s grain storage and logistics infrastructure

Niger is turning to satellite broadband, specifically Starlink, to bridge its digital divide and provide internet access to remote rural areas where traditional infrastructure is lacking or has been damaged by conflict.

Morocco’s state-owned rail operator ONCF has announced a $2.9 billion deal to purchase 168 trains from France, Spain, and South Korea.

Algeria’s Sonatrach and China’s Sinopec signed an $850 million contract for hydrocarbon development and exploration,

The IMF has conditioned financial support for Guinea on the recovery of tax debts and economic reforms, as discussed in a recent mission with Guinean officials.

President Duma Boko, who took office last October, made finalizing the deal a key priority

Cashew processors in Ivory Coast are facing a funding shortfall, as promised bank funding from the state-owned BNI is not being disbursed.

Jumia plans to grow orders by up to 25% while cutting costs and expanding into new areas, despite increasing competition from Chinese retailers like Temu.

Ethiopia and Russia have signed a three-year roadmap to expand their cooperation in nuclear technology.

Nigeria accuses Binance of fueling currency instability and evading taxes, seeking billions in damages and penalties

Following the announcement, the South African rand (ZAR) extended losses, weakening by 1% against the U.S. dollar

South Africa’s unemployment rate saw a slight decrease to 31.9% in the last quarter of 2024.

Nigeria’s annual inflation rate dropped significantly to 24.48% in January after the country’s statistical agency rebased the Consumer Price Index for the first time in over a decade.

Ethiopia’s bondholders dispute an IMF report, claiming it artificially inflates solvency risks to justify debt relief, amid ongoing restructuring talks.

Neither the IMF nor the Ethiopian government has responded to requests for comment

Ghana combats illegal pangolin poaching with stronger protection efforts and community outreach programs.

White House officials confirm a tariff policy shift, targeting countries with significant trade imbalances with the US, a move expected to fuel trade disputes and potential inflation concerns.

The Nigerian parliament has approved a budget of $36.6 billion for 2025, exceeding the initial proposal submitted by President Bola Tinubu.