Guinea moves to revoke EGA’s license amid alumina refinery dispute
Guinea’s recent move to revoke EGA’s license comes after multiple warnings regarding the company’s non-compliance with its refinery construction agreement
You will understand animals: China’s Baidu seeks for AI patent
Baidu has filed a patent for an AI system that translates animal sounds and emotions into human language using multiple AI technologies.
Rolls-Royce & Turkish Technic sign engine maintenance deal
Turkish Technic and Rolls-Royce create a major engine maintenance center at Istanbul Airport with $700M economic impact.
Spill forces Nigeria’s Renaissance to stop pipeline oil shipments
Renaissance Africa Energy halted oil transport through a Nigerian pipeline after a spill was detected in the Rivers state region.
Banker Henri-Claude Oyima takes Gabon’s finance ministry
Gabon’s new finance minister, Henri-Claude Oyima, is set to address the country’s liquidity crisis and economic revival.
Conflict in Congo drives tantalite prices up across Europe
Tantalite prices hit two-year highs in Europe due to supply issues from the DRC, where conflict has disrupted the global aerospace material supply.
Nigeria approves $652M road project with China Exim Bank
China has been a significant financial partner for Nigeria, providing billions of dollars in loans for infrastructure projects, including power, rail, and road development
Egypt inks 50-year deal with AD Ports for new trade zone build
Egypt and AD Ports agree to build a logistics and industrial zone near Port Said under a 50-year deal with $120 million in initial investment.
Starlink gets Congo licence after rejection
The Congolese government reversed a March ban and granted Starlink permission to operate, citing readiness for service rollout.
US eyes peace accord and billion-dollar Congo-Rwanda deals
As M23 rebels advance in Congo, the U.S. is brokering peace talks with Rwanda and mineral agreements involving Western companies.
Nigerian judge delays Binance tax evasion hearing to mid-May
The Nigerian court postponed the Binance tax hearing after debating the legality of serving court documents to the crypto exchange by email.
BRICS ministers criticize growing global trade protectionism
BRICS countries voiced their rejection of trade protectionism in Rio, showing consensus amid growing global tensions over tariffs and trade conflicts.
Trump demands free passage for US ships in Egypt’s Suez
Trump asserts that American ships should have toll-free access to the Panama and Suez canals and orders immediate diplomatic action to secure it.
Tanzania lifts ban on agricultural imports from South Africa, Malawi
Earlier this week, Tanzania’s Ministry of Agriculture had imposed a ban on agricultural imports from both nations and also halted the export of Tanzanian fertilizer to Malawi
Burkina Faso signs deal with Nordgold for gold amid crisis
Burkina Faso has granted a mining lease to Russia’s Nordgold to develop a gold project aimed at boosting the country’s economy amid ongoing security challenges.
China and Kenya strengthen ties amid global uncertainty
In a joint statement, Xi and Ruto committed to enhancing China-Africa cooperation as a foundation for world stability, emphasizing solidarity as a counter to the ongoing global turbulence
Ghana in talks as Atlantic Lithium seeks to save Ewoyaa project
Atlantic Lithium is negotiating with Ghana for revised fiscal terms on its first lithium project after a sharp global price drop threatens its viability.
Trump plans to spare automakers from tariffs on select imports
Trump is reportedly preparing to exclude carmakers from tariffs on car parts, steel, and aluminum, easing trade tensions for the industry.
US Treasury head warns tariffs on China are hitting a dead end
US Treasury chief Scott Bessent calls the trade war with China unsustainable and signals that easing tensions may be necessary for economic stability.
Morocco begins tender process for major LNG terminal in Nador
The LNG project in Nador is part of Morocco’s plan to boost energy capacity and diversify sources.
Algeria sets $10B trade goal with Turkey
Algeria plans to raise its trade volume with Turkey to $10B after a joint planning meeting between the countries’ foreign ministers in Algiers.
DHL to suspend global shipments over $800 to US consumers
The company confirmed the suspension in a notice on its website, which, although undated, showed that it was published on Saturday
Tinubu’s reforms leave many Nigerians in poverty
Nigeria’s economic reforms have not yet helped poor citizens despite efforts to stabilize the country’s finances according to the IMF.
Energy firms abandon Egypt’s Red Sea blocks and shift focus
Egypt’s Red Sea energy ambitions face a setback as Chevron and partners withdraw after unproductive drilling efforts.
Mozambique asks IMF to begin talks on fresh lending program
The IMF says Mozambique has requested talks to explore a new lending program after recent discussions in Maputo.
Ghana sees cedi improvement while Zambia’s kwacha weakens
The Ghanaian cedi is projected to experience marginal gains against the U.S. dollar
Trump signals progress in US-China tariff negotiations
President Trump said the US and China are in talks to resolve their tariff dispute and expressed confidence in reaching a trade deal.