Moody’s turns South Africa outlook positive on reforms
South Africa’s economy sees improved outlook as Moody’s highlights stronger revenue collection spending control and debt stabilisation trends.
Egypt holds interest rates steady as economic growth slows down
Central bank freezes interest rates as Egypt GDP growth slows down due to the regional conflict.
ExxonMobil signs preliminary gas deal with Egypt
The partnership helps establish a secure cross-border energy corridor toward European markets.
Ghana holds its policy rate at 14% due to rising inflation fears
Governor Johnson Asiama confirms that global conflicts have created new domestic inflationary risks.
Oil prices slip as Trump says Iran war will end ‘very quickly’
Oil prices ease as Trump says Iran war will end quickly
Egypt launches New Delta farm project to boost food security
Egypt aims to create two million jobs and secure strategic crops through a new agricultural plan.
Trump says China may buy up to 750 planes from US
Donald Trump announces that China will purchase 200 Boeing jets following a bilateral summit that could expand to 750 planes.
Kenya raises retail fuel prices again as global crude supply drops
Drivers in Kenya face higher costs at the pump following a new retail fuel price hike by the EPRA.
Uganda pauses rate hikes despite rising inflation from Iran war
Uganda keeps benchmark rates unchanged as Governor Atingi-Ego monitors the impact of Iran wars.
Egypt and ITFC sign a $1.5 billion deal for food and energy needs
This $1.5 billion agreement between Egypt and ITFC focuses on securing vital commodity imports.
Republic of Congo initiates buyback of 575 million dollar bonds
Congo offers a premium to buy back bonds due in 2032 to help manage national borrowing costs effectively.
US solar firms accuse Ethiopia factories of tariff evasion
US solar panel makers seek tariff investigation Into Ethiopia imports
Algeria and Angola sign 11 deals to expand bilateral cooperation
Leaders Tebboune and Lourenco oversee signing of multiple accords aimed at strengthening bilateral ties and expanding economic partnerships across sectors.
Ghana’s cocoa buyer halts purchases amid massive debt crisis
Smallholder farmers in Ghana face financial hardship as state cocoa buyer PBC halts all purchases.
Barrick mining contractor exits Mali and cuts over 600 jobs
GMS is closing its Mali mining operations and laying off 600 staff at a Barrick Gold complex.
Zambia accuses US of linking health aid to minerals access
Zambia criticises US approach linking health funding with minerals access as tensions rise over aid conditions and data demands.
Algeria invites global bids for milling wheat under OAIC tender now
European traders report Algeria has opened milling wheat tender inviting offers with shipment planned for July under OAIC process window.
OPEC+ nations boost oil production despite Iran blockade
The UAE exits the OPEC cartel as producers attempt to stabilize energy markets amid the war.
OPEC ignores UAE exit to approve output quota increase
Seven OPEC members are set to raise oil production quotas despite the uae exit from the group.
China removes tariffs on 53 African nations to boost trade and exports
Beijing expands zero-tariff access to African goods, aiming to deepen trade ties and support industrial growth
Zambia seeks approval for large budget increase for urgent needs
Finance minister Musokotwane requests extra funds for elections and aid for vulnerable households.
Moody’s drops its local South African rating license
Local banks will have two years to adjust after Moody’s gives up its South African rating license.
African oil nations demand a gradual phase down at global talks
Nigeria and Senegal emphasize the right to development during global energy transition discussions.
Egypt ends early shop closures as energy crisis measures ease
Business hours return to normal in Egypt after emergency closures due to the US and Israeli war.
Iran war raises oil prices and weakens many African currencies
Global oil markets react to the Iran conflict causing potential inflation across various African states.
AFC advances funding plans for strategic rail project in Zambia
Lobito Corridor project strengthens regional trade links through planned rail infrastructure connecting mines to export routes.
Morocco opens $700m tower boosting global ambitions
New Rabat Salé skyscraper boosts Morocco economic vision with luxury hotel offices and global soft power expansion strategy.