Canal+ nears conditional approval for MultiChoice acquisition
Should the transaction receive final approval, it would significantly enhance Canal+’s expansion into Africa, particularly within English-speaking regions
South Africa to offer Starlink deal to Musk before Trump meeting
The offer will be discussed in a meeting scheduled for Tuesday evening between South African officials and Musk or his representatives
Kodal seeks Mali permit to export 27,000 tons lithium
Kodal Minerals expects a Mali permit soon to export 27,000 tons of lithium concentrate from its Bougouni project despite earlier delays.
Algeria hosts Islamic Development Bank summit
Islamic Development Bank’s four-day event in Algeria drives knowledge exchange and cooperation for socioeconomic progress
Renaissance Energy halts oil flow on one Trans Niger line
Following an oil leak in Ogoniland, Renaissance Energy stopped one pipeline line and began recovery and clean-up work with the local community.
Ghana’s government moves to secure land for cocoa revival
Ghana is taking urgent action to acquire farmland for cocoa as output hits a 20-year low due to multiple environmental threats.
World Bank approves $350M grant for Malawi hydropower project
The project is set to provide electricity to over 1 million new households and create thousands of jobs, significantly contributing to the country’s development
US lifts sanctions as Syria and UAE firm sign port contract
Syria and DP World signed an $800 million deal to develop the Tartous port following the U.S. decision to lift sanctions on Syria.
Nigeria, Ivory Coast and Benin secure EBRD investment access
EBRD is preparing investments in West Africa following new approvals and plans to begin projects after treaty amendments in July.
IMF halts Malawi loan after $35M disbursed
The four-year Extended Credit Facility (ECF), approved in November 2023, had disbursed just $35 million before being halted
Petrobras eyes comeback as Nigeria offers deep sea oil blocks
Nigeria is holding talks with Petrobras on deep water oil exploration as it aims to attract foreign investment in energy, culture, and agriculture sectors.
Nigeria’s Dangote refinery skips June work after early repairs
Nigeria’s Dangote oil refinery avoids planned June service after finishing repairs during an unplanned April to May shutdown.
South Africa calls for affordable, balanced energy transition
Mantashe criticized the global imbalance in climate responsibilities, noting that while Africa contributes the least to global greenhouse gas emissions, it faces disproportionate pressure to decarbonize
Turkey’s political turmoil hits economy and reserves, says EBRD
The detention of Istanbul Mayor and main opposition leader Ekrem Imamoglu on March 19 caused the Turkish lira to drop sharply
Bitcoin climbs past $100,000 as global trade confidence rises
The price of bitcoin climbed past $100,000 as investors responded positively to new trade deals and signs of global financial stability.
China tariffs affect Africa, Moody’s flags banking risks
Moody’s warns that African banks could suffer from higher costs and weaker demand due to second-round effects of U.S. tariffs on China.
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.