Algeria revamps energy strategy to attract fresh investment
Algeria is looking to replicate Angola’s successful energy sector reforms, including regulatory decoupling and flexible licensing.
Zimbabwe upgrades lithium labs to protect vital mineral revenues
To stop revenue losses, Zimbabwe is upgrading metallurgical labs to value lithium exports accurately and ensure proper corporate royalties.
South Africa targets illegal online betting sites to protect revenue
South Africa is cracking down on unlicensed foreign betting sites that dominate the market, skip taxes, and risk consumer safety.
Europe deepens financial ties with Egypt through multi-billion aid
The upcoming EU funding tranche aims to help Egypt manage migration pressures and trade disruptions.
Chinese auto takes over SA Nissan plant, adding nearly 3,000 jobs
Chery plans to assemble several vehicle models at the Rosslyn plant while gradually increasing local manufacturing content over time.
Oil prices hold steady as US and Iran pursue peace talks
Crude benchmarks stabilize near post-conflict lows while traders watch fragile Middle East diplomacy.
Africa Finance Corporation yields record-tight pricing on new bond
Record tight pricing highlights the new 500 million dollar Africa Finance Corporation Eurobond sale.
Ethiopia signals changing investment outlook across Africa
Analysts link Ethiopia’s changing economic outlook to wider investment confidence across Africa as investors reassess regional opportunities.
Ethiopia drafts $18 billion plan for nationwide power access
National electrification programme phase three targets universal electricity access renewable expansion and improved grid reliability across Ethiopia.
Angola approves AfCFTA strategy to boost regional trade growth
Government of Angola approves comprehensive AfCFTA action plan to strengthen regional value chains and markets.
IMF signs off on landmark agreement for Ethiopian debt relief
Ethiopia reaches a preliminary deal with key bondholders to restructure its defaulted bond.
Maroc Telecom tops 76 million users amid rising digital demand
Strong expansion in mobile money services helps lift group first-quarter turnover significantly.
Mozambique, Angola sign historic digital cooperation agreement
Mozambique and Angola forged a historic digital alliance, signing a pivotal agreement to reshape their technological landscapes. The breakthrough memorandum of understanding breathes vibrant new life into the shared digital transformation goals of both African nations. Signed amidst the electric atmosphere of the 5th National Communications Conference, the pact establishes a dynamic framework for bilateral cooperation. Mozambique’s Américo Muchanga and Angola’s Mário Oliveira formally endorsed the treaty, uniting their ministries under a common progressive vision. This strategic partnership acts as a bridge for exchanging rich technical expertise, pioneering digital innovations, and modernized regulatory practices. Both governments aim to ignite economic growth and foster deep digital inclusion by aggressively upgrading their core communications infrastructure. By weaving their digital ecosystems together, the two countries are actively accelerating Africa’s broader journey into the modern technological age.
Ericsson deploys its lightweight AIR 3285 radio in Tanzania
Modernized infrastructure lays the foundation for advanced smart city and IoT digital services.
Mastercard expands its global platform to nine African nation
Mastercard brings its global Priceless lifestyle platform to cardholders across nine African markets.
Moody’s cuts Gabon outlook to negative over rising debt risks
Moody’s says Gabon faces higher default risks as debt pressures grow and funding access remains limited
Senegal prepares to restructure national debt amid fiscal crisis
Senegal’s government has reversed its previous stance and announced a readiness to restructure its national debt.
Moroccan exporters prepare for internal leadership election
Candidates emphasize modernization and digital transformation for Morocco’s growing trade base.
Uganda says IsDB approves €650M railway loan
Uganda’s standard gauge railway wins new financing from IsDB
Italy court clears prosecutors in Nigeria oilfield case appeal
The Court of Cassation overturned convictions against two prosecutors, ruling that the alleged offense did not exist.
Fifteen countries sign Mombasa Declaration to fight illegal fishing
Fifteen nations have adopted the Mombasa Declaration to combat illegal fishing and enhance global fisheries transparency by implementing low-cost policy reforms.
Oil prices drop below 80 dollars following US-Iran agreement
Oil prices dropped below US$80 a barrel following optimism over a US-Iran deal to reopen the Strait of Hormuz and potentially ease sanctions on Iranian crude.
IMF approves a new $250 million credit facility for Rwanda
The IMF urges Rwanda to focus on fiscal consolidation after approving a 250 million dollar loan.
IMF increases financial support for four vulnerable African nations
Vulnerable African economies receive extra IMF support as energy and food prices skyrocket.
Higher fuel import costs widen Moroccan trade gap to April
Morocco trade deficit widens eighteen percent in four months as energy import costs surge.
Global leaders meet to address economic impacts of Mideast crisis
The heads of the IEA, IMF, World Bank, and WTO met to discuss collective responses to the Middle East war.
Nigeria’s Tinubu says reforms revived investor confidence
President Tinubu stated that his economic reforms stabilized Nigeria and boosted market confidence.