IMF increases financial support for four vulnerable African nations
Vulnerable African economies receive extra IMF support as energy and food prices skyrocket.
Higher fuel import costs widen Moroccan trade gap to April
Morocco trade deficit widens eighteen percent in four months as energy import costs surge.
Global leaders meet to address economic impacts of Mideast crisis
The heads of the IEA, IMF, World Bank, and WTO met to discuss collective responses to the Middle East war.
Nigeria’s Tinubu says reforms revived investor confidence
President Tinubu stated that his economic reforms stabilized Nigeria and boosted market confidence.
Turkish and Algerian leaders talk energy and regional stability
Turkish President Recep Tayyip Erdogan held a phone call with Algerian President Abdelmadjid Tebboune to discuss deepening bilateral relations in trade, energy.
Angola buys back $750M in Eurobonds to ease fiscal pressure
Favorable oil prices give Angola financial stability to restructure its upcoming public debt.
Henry Musasizi steps up to become finance minister of Uganda
Uganda President Yoweri Museveni appoints Henry Musasizi as the new finance minister in cabinet.
Belarus seeks advanced relations with Algeria to boost African ties
Belarus plans to use partnerships with Algeria to expand its broader continental cooperation.
Livestock prices surge in Abidjan as Eid demand tightens supply
Sheep shortages across Abidjan markets push Eid prices higher amid regional border delays and blocked Sahel livestock shipments.
Moody’s turns South Africa outlook positive on reforms
South Africa’s economy sees improved outlook as Moody’s highlights stronger revenue collection spending control and debt stabilisation trends.
Egypt holds interest rates steady as economic growth slows down
Central bank freezes interest rates as Egypt GDP growth slows down due to the regional conflict.
ExxonMobil signs preliminary gas deal with Egypt
The partnership helps establish a secure cross-border energy corridor toward European markets.
Ghana holds its policy rate at 14% due to rising inflation fears
Governor Johnson Asiama confirms that global conflicts have created new domestic inflationary risks.
Oil prices slip as Trump says Iran war will end ‘very quickly’
Oil prices ease as Trump says Iran war will end quickly
Egypt launches New Delta farm project to boost food security
Egypt aims to create two million jobs and secure strategic crops through a new agricultural plan.
Trump says China may buy up to 750 planes from US
Donald Trump announces that China will purchase 200 Boeing jets following a bilateral summit that could expand to 750 planes.
Kenya raises retail fuel prices again as global crude supply drops
Drivers in Kenya face higher costs at the pump following a new retail fuel price hike by the EPRA.
Uganda pauses rate hikes despite rising inflation from Iran war
Uganda keeps benchmark rates unchanged as Governor Atingi-Ego monitors the impact of Iran wars.
Egypt and ITFC sign a $1.5 billion deal for food and energy needs
This $1.5 billion agreement between Egypt and ITFC focuses on securing vital commodity imports.
Republic of Congo initiates buyback of 575 million dollar bonds
Congo offers a premium to buy back bonds due in 2032 to help manage national borrowing costs effectively.
US solar firms accuse Ethiopia factories of tariff evasion
US solar panel makers seek tariff investigation Into Ethiopia imports
Algeria and Angola sign 11 deals to expand bilateral cooperation
Leaders Tebboune and Lourenco oversee signing of multiple accords aimed at strengthening bilateral ties and expanding economic partnerships across sectors.
Ghana’s cocoa buyer halts purchases amid massive debt crisis
Smallholder farmers in Ghana face financial hardship as state cocoa buyer PBC halts all purchases.
Barrick mining contractor exits Mali and cuts over 600 jobs
GMS is closing its Mali mining operations and laying off 600 staff at a Barrick Gold complex.
Zambia accuses US of linking health aid to minerals access
Zambia criticises US approach linking health funding with minerals access as tensions rise over aid conditions and data demands.
Algeria invites global bids for milling wheat under OAIC tender now
European traders report Algeria has opened milling wheat tender inviting offers with shipment planned for July under OAIC process window.
OPEC+ nations boost oil production despite Iran blockade
The UAE exits the OPEC cartel as producers attempt to stabilize energy markets amid the war.