The UAE is seeking bids to construct a second nuclear power plant, potentially doubling its reactor capacity.

The Democratic Republic of Congo suspects Apple’s supply chain may contain conflict minerals sourced from their war-torn eastern region and is demanding more information.

Egypt greenlights a special free zone and international tourist port in the Ras al-Hikma peninsula, following a $35 billion investment deal with the United Arab Emirates.

Oil prices are on the rise! Strong US demand signals point to a potential summer supply squeeze, pushing both Brent and WTI crude prices higher.

Nigeria has said it is seeking up to 2.25 billion dollars in World Bank loans, in a statement by Finance Minister Wale Edun.

Controversy surrounds a conservation project in Tanzania as the World Bank freezes funding due to concerns about human rights violations.

The IMF sounds the alarm on Egypt’s central bank lending to state agencies, citing inflation and currency risks.

Nigeria’s central bank sold dollars to exchange bureaus at a discounted rate to increase foreign currency supply and curb black market activity.

By offering a skilled and affordable workforce, the country is enticing industry giants like Boeing and Airbus to invest in manufacturing facilities.

Ghana’s Finance Minister expects a draft Memorandum of Understanding (MoU) from bilateral creditors in May for the restructuring of $5.4 billion in loans.

Angola’s Central Bank Governor expects relative stability for the country’s kwanza currency despite potential shifts in fuel price subsidies.

South Africa’s inflation fell to 5.3% year on year in March in a sign that Africa’s most industrialized economy was winning the battle to bring down prices. 

Nigeria plans to acquire 24 fighter jets from Italy’s Leonardo to enhance its air force’s capabilities, with the first six jets expected before the end of the year.

Two countries sign 6 agreements in various sectors during Tanzanian president’s visit to Ankara

IMF Chief Kristalina Georgieva highlights the suffering in Yemen and Sudan amidst overshadowing global conflicts, emphasizing IMF support for all members.

Nigeria’s headline inflation rate rose 1.50% to 33.20% in March, the country’s statistics bureau reported on Monday. The figure is the highest in 28 years. The National Bureau of Statistics attributed the increase to soaring food and energy costs.  Consumer inflation in Africa’s most populous country has been on an upward trend for 15 straight months, eating into people’s incomes and draining savings. It was at 31.70% in February. The agency reported that food inflation stood at 40.01% in March 2024. It was at 37.92% in February. The removal of a fuel subsidy by new President Bola Tinubu last June has seen prices skyrocket in Nigeria, leaving millions of people struggling to meet basic needs. Nigeria has also devalued its currency – the Naira twice in under a year in a bid to ease chronic shortages of forex, making the dollar appreciate remarkably against the Naira. This year alone, Nigeria’s central bank has twice raised interest rates in a bid to calm down inflation. The bank said it expected prices to begin dropping in May.

Kenyan court orders doctors and government to reach agreement within 48 hours to end nationwide strike over pay and working conditions.

This crackdown comes after the NCAA’s stern warning in March against PNCF holders engaging in commercial operations.

Ghana is yet to reach a definitive deal with international bondholders towards the restructuring of about $ 13 billion of its external debt.

Economic and Financial Crimes Commission probing minister for diverting funds meant for humanitarian interventions, says official

The new ZIG currency which was supposed to be effective from April 8 was delayed until the April 30th, leaving the US Dollar, dominating the market.

The EU said it would loan Egypt a little over $1 billion in short-term financial aid to help stabilise the country’s economy.

IMF validates $360M aid tranche for Ghana to address economic crisis, part of larger assistance package.

Global output loss since 2020 around $3.3 trillion, says Kristalina Georgieva