Algeria and Niger resume ties as leaders launch new gas project
Algerian President Tebboune and Nigerien President Tchiani agreed to launch the trans-Saharan gas pipeline and restore diplomatic ties after over ten months of tensions.
China to grant zero tariffs to 53 African nations
China will introduce zero tariffs for 53 African countries from May 1, expand export access, and deepen economic cooperation as the African Union meets in Addis Ababa.
Italy deepens Africa ties at Addis Ababa summit
Italy pledged deeper investment-led cooperation with African nations at its second Italy-Africa Summit in Addis Ababa, reviewing Mattei Plan projects and urging practical action.
Cyclone halts Madagascan nickel and cobalt output
A cyclone in Madagascar halted Ambatovy’s nickel and cobalt production, damaged its Toamasina plant, disrupted exports, and raised concerns over potential price increases.
DRC prepares debut international bond sale
The Democratic Republic of Congo plans a $750 million debut international bond to finance infrastructure and attract private investment amid rising metals demand.
Zijin Mining will start Congo’s first lithium output in June
China-backed Zijin Mining and Cominiere will begin lithium production at Congo’s Manono deposit in June, immediately starting exports amid ongoing arbitration and price pressure.
Gabon: Energy cuts won’t delay 2029 manganese ban
Gabon insists miners meet the 2029 raw manganese ban and threatens licence loss for companies failing to comply.
Egypt signs $3.5 billion deal to expand mobile spectrum
Egypt has signed a record $3.5 billion deal allocating new spectrum to its four mobile operators, doubling available frequencies and supporting future digital network expansion.
Zambia and Ghana elevate bilateral ties to partnership
Zambia and Ghana sign a new economic pact to enhance trade and private sector investment activities
Oil majors snap up African offshore blocks in search of the next Brazil
Oil majors are expanding offshore exploration in West and Southern Africa, driven by promising geology, reforms, and the need to replace declining assets.
Ethiopia bondholders plan legal action after creditors block deal
Ethiopia’s efforts to exit default face delays after official creditors blocked a bond deal, prompting bondholders to consider legal action.
Intersolar Africa 2026 establishes Nairobi as a regional solar hub
Intersolar Africa 2026 will gather global energy experts in Nairobi this February to showcase solar and storage solutions aimed at driving regional economic growth and energy security.
Afreximbank secures $1.75B financial lifeline for Angola’s energy
Afreximbank has announced a $1.75 billion syndicated receivables purchase facility to help Angola’s national oil company, Sonangol, meet its operating and capital requirements.
China’s finance role flips as debt flows reverse across Africa
China has shifted from being a major financier of developing countries to a net receiver of funds as debt repayments rise, while multilateral lenders expand their role and Africa feels the sharpest impact.
Nigerian president Tinubu heads to Turkey to widen strategic ties
Nigerian President Bola Ahmed Tinubu will visit Turkey to advance cooperation in security, trade, innovation, aviation, and defence while seeking stronger diplomatic and economic ties.
Libya signs major oil deal to lift output and draw global firms back
Libya has signed a multibillion-dollar oil agreement with major foreign firms as it seeks to boost production, attract investment, and revive its energy sector despite ongoing political divisions.
Afreximbank ends ties with Fitch after rating cut fuels tensions
Afreximbank terminated its relationship with Fitch after the agency downgraded its credit rating, amid a dispute over its preferred creditor status.
DRC’s fiscal reforms, mining growth drive S&P’s positive outlook
S&P revised Congo’s outlook to positive, citing strong mining output, fiscal reforms, rising exports, and IMF-backed progress despite regional risks.
Benin attracts heavy global interest with new sukuk bond offering
Benin raised $500 million through a sukuk issuance and reopened a 2038 eurobond after attracting more than $7 billion in global investor demand.
Temu office in Turkey searched in antitrust inspection
Turkey’s antitrust authority raided Temu’s office in Istanbul in an on-site inspection
Malawi raises petrol and diesel prices sharply to prevent shortages
Malawi raised petrol and diesel prices sharply to prevent shortages and protect scarce foreign reserves amid economic recovery efforts.
DRC opens key state minerals to US investors
Congo has provided Washington with a vetted list of state-owned mineral assets for U.S. investors as part of a strategic partnership.
Ivory Coast moves to buy 100,000 tons of surplus cocoa this week
Ivory Coast will buy 100,000 tons of surplus cocoa to protect farmers’ income and social stability amid cross-border supply pressures.
Egyptian retailer Gourmet aims to raise funds through public offering
Gourmet plans to sell 47.6 percent of its shares in a February IPO to fund store and delivery expansion in Egypt.
IMF clears new review as Ethiopia moves closer to fresh funding
The IMF has completed its latest review of Ethiopia’s financial programme, paving the way for a new $261 million disbursement as reforms and debt talks continue.
Nigeria’s SEC raises capital bar, reshaping the securities industry
Nigeria’s SEC has sharply raised capital requirements across the securities industry in a sweeping recapitalisation push that could force consolidation and reshape the market.
African exporters hail US vote on AGOA
African manufacturers welcomed US congressional approval to revive AGOA but warned delays are hurting exporters, threatening jobs and straining trade across the continent.
