US funding offer to Zambia links health aid with mineral access
A leaked US-Zambia health funding draft links aid to mining access, raising privacy, sovereignty, and funding cut concerns across African countries.
South African retailer Mr Price targets one more overseas market
Mr Price will expand further into Europe through its NKD acquisition but has no plans for global expansion, focusing on select key regions for growth.
Africa’s fragile economy braces for fallout from soaring oil costs
African central banks face challenges from rising oil prices, risking slower growth, weakened currencies, and disruptions in mining, agriculture, and other key sectors.
Ivory Coast plans to adjust cocoa prices to match global market levels
Ivory Coast plans to reform its cocoa marketing system to align farmer prices with global markets and address stockpile and trader-related challenges.
Egypt sets maximum prices for unsubsidised bread to ease inflation
Egypt capped unsubsidised bread prices in private bakeries to limit inflation impact, while authorities monitor compliance and warn of penalties for violations.
Canal+ profit tops guidance, targets Africa growth push
Canal+ beat profit guidance and will hire 1,000 sales staff in Africa to drive MultiChoice turnaround
Rising oil prices from Iran war strain African currencies
The Iran war has driven oil prices higher, increasing fuel costs, inflation risks and currency pressures across African economies heavily dependent on imported petroleum products.
Oil surges above $100 as Strait of Hormuz crisis deepens
Oil tops $100 as Middle East conflict disrupts tanker traffic in the Strait of Hormuz
Namibia sets up first large-scale Atlantic salmon farming project
Namibia is launching Africa’s first industrial-scale salmon farming, led by Norwegian partnerships, aiming for local and export markets while navigating environmental and logistical challenges.
Turkey and Algeria hold high-level talks to boost regional cooperation
Turkey and Algeria held high-level consultations in Istanbul, discussing bilateral relations, regional stability, economic, security, and cultural cooperation, while reaffirming strategic dialogue.
South Africa will revise risk scenarios as oil prices surge sharply
South Africa’s central bank will revise its risk scenarios for upcoming rate decisions, focusing on inflation and exchange rate impacts amid rising oil prices.
Oil surges and stocks fall as Trump demands Iran surrender
Oil prices surged while global stocks fell after attacks on Iraqi oil fields and escalating Iran war tensions, while weak US jobs data added to market uncertainty.
Egypt warns Middle East war could trigger price surge, instability
Egyptian President Abdel Fattah al Sisi warned the Middle East war could fuel inflation and economic strain as the Egyptian pound weakened and trade risks increased.
Inflation slows sharply as Ghana posts growth above six percent
Ghana recovers from its worst economic crisis with falling inflation, a stronger currency, lower debt, higher growth, and new investment initiatives under Mahama.
Ghana moves to formalize artisanal gold trade to curb smuggling
Ghana will formalize artisanal gold trade through GoldBod, aiming to boost $20 billion annual inflows, reduce smuggling, and strengthen national revenue systems.
US and Burkina Faso join forces to prevent infectious disease spread
The United States and Burkina Faso signed a five-year health agreement to strengthen regional health security and improve disease prevention capabilities in Africa.
Malian firm NDC Energie takes over former TotalEnergies stations
NDC Energie has taken over about 80 fuel stations once run by TotalEnergies, marking the French firm’s full exit from Mali
Global debt surges to $348 trillion in 2025 led by big economies
Global debt surged nearly $29 trillion in 2025, reaching $348.3 trillion, driven by advanced economies, rising fiscal deficits, and record borrowing worldwide.
Algeria and Niger resume ties as leaders launch new gas project
Algerian President Tebboune and Nigerien President Tchiani agreed to launch the trans-Saharan gas pipeline and restore diplomatic ties after over ten months of tensions.
China to grant zero tariffs to 53 African nations
China will introduce zero tariffs for 53 African countries from May 1, expand export access, and deepen economic cooperation as the African Union meets in Addis Ababa.
Italy deepens Africa ties at Addis Ababa summit
Italy pledged deeper investment-led cooperation with African nations at its second Italy-Africa Summit in Addis Ababa, reviewing Mattei Plan projects and urging practical action.
Cyclone halts Madagascan nickel and cobalt output
A cyclone in Madagascar halted Ambatovy’s nickel and cobalt production, damaged its Toamasina plant, disrupted exports, and raised concerns over potential price increases.
DRC prepares debut international bond sale
The Democratic Republic of Congo plans a $750 million debut international bond to finance infrastructure and attract private investment amid rising metals demand.
Zijin Mining will start Congo’s first lithium output in June
China-backed Zijin Mining and Cominiere will begin lithium production at Congo’s Manono deposit in June, immediately starting exports amid ongoing arbitration and price pressure.
Gabon: Energy cuts won’t delay 2029 manganese ban
Gabon insists miners meet the 2029 raw manganese ban and threatens licence loss for companies failing to comply.
Egypt signs $3.5 billion deal to expand mobile spectrum
Egypt has signed a record $3.5 billion deal allocating new spectrum to its four mobile operators, doubling available frequencies and supporting future digital network expansion.
Zambia and Ghana elevate bilateral ties to partnership
Zambia and Ghana sign a new economic pact to enhance trade and private sector investment activities