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.
Tanzania secures IMF staff-level agreement for new financing
IMF has agreed at staff level to release $441 million in funding to Tanzania pending final approval under its ECF and RSF programs.
Morocco to buy Stinger Block I Missiles for $825M
The US Department of State has authorized the sale of Stinger missiles to Morocco.
Barrick Gold’s Mali office closed amid ongoing tax dispute
Mali has closed Barrick Gold’s Bamako office, citing tax issues, as tensions over gold exports and mining rights continue to escalate.
South African businesses brace for VAT hike amid economic struggles
The National Treasury plans to increase VAT by 1 percentage point over the next two years, beginning on May 1
Trump to announce tariffs on imported semiconductors, electronics
Trump’s announcement came after a national security trade probe into the semiconductor industry, which the administration is considering under the umbrella of a broader tariff investigation
BRICS decry US tariffs, global trade risks
US tariffs come under fire from BRICS nations for disrupting the global economy and breaching WTO rules.
US tariff shocks will hit Africa, says AfDB president
US tariffs could send shock waves through African economies, with weakened currencies and rising inflation, according to AfDB president Adesina.
Egypt raises fuel prices for the first time in 2025
The Egyptian government raises diesel and gasoline prices for the first time in 2025 in line with its IMF agreement to reduce fuel subsidies.