Italian court upholds prison sentence for prosecutors in Nigeria case
An Italian appeals court upheld an eight-month prison sentence for two Milan prosecutors for failing to submit documents relevant to the Eni-Shell corruption case.
Africa’s financial markets show mixed results amid trade shocks
African financial markets show mixed performance as trade shocks, reforms, and climate actions reshape growth prospects.
Botswana’s diamond firm expands sales as new De Beers deal begins
Botswana’s Okavango Diamond Company will begin selling directly to buyers next month after securing greater independence and a higher production share under a new deal with De Beers.
Nigeria’s inflation slows again as food prices ease in September
Nigeria’s inflation eased for the sixth consecutive month in September as moderating food prices brought relief to policymakers.
Kenyan lawmakers approve bill to regulate digital assets and crypto
Kenya’s parliament has passed a bill to regulate digital assets and cryptocurrencies, aiming to attract investment and strengthen oversight of the growing fintech sector.
Safran expands in Morocco with new Airbus engine assembly plant
Safran signed deals with Morocco to build a new Airbus engine assembly line and maintenance facility near Casablanca, marking its first such site outside France.
EU pledges €11.5B to boost South Africa’s growth
The European Union pledged 11.5 billion euros to South Africa for renewable energy, infrastructure, and pharmaceutical development to support economic growth.
Nigeria’s economy recovers after Tinubu’s reforms
Nigeria’s economy is stabilising under Tinubu’s reforms, but poverty and high living costs still affect millions.
Nigeria’s growth steadies, but food inflation bites – World Bank
Nigeria’s economy is steadier after reforms, but food inflation keeps squeezing households, the World Bank warns
African Development Bank will lend Nigeria $500 million this year
The African Development Bank will lend Nigeria $500 million this year to support Tinubu’s economic reforms and fiscal stabilisation measures.
Algeria plans to invest $60 billion to boost energy sector growth
North African country launches energy strategy with billions for upstream oil gas and clean energy generation to strengthen supply
Kenya raises 1.5 billion dollars through new long-term bonds
Kenya secured major funding from new bonds with combined interest rates of 8.7 percent and high investor offers.
Morocco and EU agree to label Western Sahara products
Morocco and the European Union agreed to label products from Western Sahara, following a court ruling invalidating the previous trade deal.
Value buys drive SA car market past pre-COVID levels
NAAMSA: SA new-car sales up 14% in H1 2025; imports +30%. Market likely to beat 2019 peak as buyers seek value
Mozambique prepares to seal $8 billion LNG financing with Eni
Mozambique and eni are set to sign an $8 billion deal for a second offshore LNG project, Coral Norte, as part of major gas investments in Cabo Delgado.
Zambia, China, Tanzania revive TAZARA with $1.4B deal
Zambia, China, and Tanzania signed a $1.4 billion deal to modernize TAZARA railway and boost regional trade and economic growth.
Nigeria weighs certifying China’s C919 for local airlines
Nigeria may certify COMAC’s C919 for local airlines, with leasing and MRO support on the table ahead of December’s air show
Algeria launches first Sukuk worth $2.3 billion this November
Algeria will issue its first sovereign sukuk worth $2.3 billion in November to diversify financing and expand Islamic finance.
Nigeria oil union orders gas, crude cutoff to Dangote refinery over layoffs
Union orders gas/crude cutoff to Dangote over layoffs, heightening fuel-supply risks and pressure on the naira
US backs investments in Western Sahara amid Morocco dispute
The U.S. has pledged support for investments in Western Sahara, backing Morocco’s sovereignty and encouraging foreign business in the disputed territory.
Niger seeks to build two nuclear reactors with Russia’s Rosatom
Niger announced plans to build two nuclear reactors and develop uranium reserves in partnership with Russia under UN supervision.
Lesotho says US pledges one year extension of AGOA trade pact
Lesotho’s trade minister said the US will extend the African Growth and Opportunity Act by one year after talks in Washington.
Ramaphosa urges US to reduce tariffs as trade tensions rise
South Africa is negotiating with the U.S. to reduce tariffs amid global trade tensions and to secure continuation of the AGOA treaty.
Africa gains Ecovacs x11 Robots featuring 0 tangle and AI detection
Africa leads as Ecovacs debuts x11 series with intelligent mapping, compact design, and multi-surface adaptability.
TotalEnergies deal to sell Nigerian oil stake collapses over payments
TotalEnergies’ plan to sell its 10% stake in a Nigerian oil venture to Chappal Energies collapsed after both parties failed to meet financial commitments.
Nigeria posts fastest economic growth in 4 years on rising oil output
Nigeria’s economy grew 4.23% in the second quarter, its fastest pace in four years, driven by higher oil output and strong industrial and agricultural performance.
Nigeria’s Dangote refinery ships gasoline to US buyers
Vitol and Sunoco received the first US import of gasoline from Nigeria’s Dangote refinery, marking a major milestone in global energy trade.