South Africa will revise risk scenarios as oil prices surge sharply

South Africa’s central bank will revise its risk scenarios for upcoming rate decisions, focusing on inflation and exchange rate impacts amid rising oil prices.

Oil surges and stocks fall as Trump demands Iran surrender

Oil prices surged while global stocks fell after attacks on Iraqi oil fields and escalating Iran war tensions, while weak US jobs data added to market uncertainty.

Egypt warns Middle East war could trigger price surge, instability

Egyptian President Abdel Fattah al Sisi warned the Middle East war could fuel inflation and economic strain as the Egyptian pound weakened and trade risks increased.

Inflation slows sharply as Ghana posts growth above six percent

Ghana recovers from its worst economic crisis with falling inflation, a stronger currency, lower debt, higher growth, and new investment initiatives under Mahama.

Ghana moves to formalize artisanal gold trade to curb smuggling

Ghana will formalize artisanal gold trade through GoldBod, aiming to boost $20 billion annual inflows, reduce smuggling, and strengthen national revenue systems.

US and Burkina Faso join forces to prevent infectious disease spread

The United States and Burkina Faso signed a five-year health agreement to strengthen regional health security and improve disease prevention capabilities in Africa.

Malian firm NDC Energie takes over former TotalEnergies stations

NDC Energie has taken over about 80 fuel stations once run by TotalEnergies, marking the French firm’s full exit from Mali

Global debt surges to $348 trillion in 2025 led by big economies

Global debt surged nearly $29 trillion in 2025, reaching $348.3 trillion, driven by advanced economies, rising fiscal deficits, and record borrowing worldwide.

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.

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