According to a government statement issued late Wednesday, Robex aims to produce 1.4 tons of gold annually over the next eight years

Azerbaijan and Somalia signed several agreements to enhance cooperation in key sectors, including public service, green energy, education, and defense.

Nigerian oil producers are seeking to secure up to 25% of the service contracts for Shell’s Bonga North deepwater project, aiming to increase local content participation in the oil and gas sector.

The dry season in Ivory Coast is causing concerns about a cocoa shortage, as farmers report low rainfall levels and poor soil moisture that may delay the mid-crop and affect the bean quality.

Nigeria’s Dangote Oil Refinery is set to operate at full capacity in 30 days as crude supply improves, after struggling to secure local volumes.

Ethiopia is in the final stages of debt restructuring negotiations as it works to resolve its sovereign debt crisis, with the IMF closely involved in the process.

Inflation surged in January, driven primarily by food and housing costs, impacting both U.S. dollar and local currency transactions

Nigeria’s lithium mining boom offers economic opportunities but raises concerns over illegal mining, environmental impact, and foreign dominance.

In 2024, Volkswagen’s African unit set a new record with 131,485 Polo exports to Europe and Asia-Pacific markets.

Kenya’s central bank cuts its key rate for the fourth consecutive time to support lending and boost economic growth.

Nigeria’s 2025 budget rises to $36.4 billion as President Tinubu cites additional revenue from tax, customs, and other agencies, boosting government spending plans.

The Nigeria Labour Congress (NLC), which represents millions of workers, had scheduled the Feb. 4 demonstration in response to the tariff increase approved last month

The Nigerian government is exploring the possibility of restarting oil production in the Ogoniland region after Shell sold its onshore business.

African nations, led by the African Development Bank, are pushing for GDP recalculations to include natural assets.

Morocco’s unemployment rate reached 13.3% in 2024 due to the impact of a prolonged drought on the agricultural sector, which led to the loss of thousands of jobs.

In response, U.S. gasoline futures jumped by 2.5% to $2.11 a gallon, reaching their highest level since January 16 at $2.162

Morocco and Yemen signed seven agreements in Rabat to enhance cooperation in education, infrastructure, and other key sectors, reaffirming their commitment to strengthening bilateral relations.

Ghana’s President picks Johnson Asiamah to lead the Bank of Ghana after Addison’s retirement.

Libya’s National Oil Corporation targets increased production and transparency under new chairman Massoud Suleman.

Türkiye’s exports to Africa rose 1.7% in 2024 to $19.4 billion, with Egypt leading at $3.5 billion and chemicals being the top export sector.

West African military juntas in Mali, Burkina Faso, and Niger are intensifying pressure on foreign mining companies to ensure better revenue distribution and sovereignty over natural resources.

The “Mission 300” initiative, aimed at connecting 300 million Africans to electricity, has received a significant boost with over $8 billion in new pledges from international lenders.

Mozambique’s president and TotalEnergies’ CEO discussed a $20 billion LNG project, gas-to-power initiatives, and a hydropower project facing bottlenecks.

The company will retain ownership of the Guinness brand and other Diageo brands produced by Guinness Ghana.