Equinor maintains focus on $42 billion LNG project in Tanzania amid stalled negotiations over revised government agreements.

Kenya’s central bank has lowered its benchmark lending rate to 12.00% from 12.75% to stimulate credit and address a slowdown in economic growth.

Canadian mining company Fortuna Mining has received positive news from Burkina Faso, as the government has decided to maintain their existing mining permits in the country.

The rise of unlicensed gold mining in Ghana is boosting the economy while endangering health, polluting the environment, and fueling crime.

Nigeria, a country rich in oil and natural gas, has begun selling crude oil in its local currency, the naira. Mohammed Manga, the Director of Information and Public Relations at the Ministry of Finance, stated that this initiative follows a directive from the Federal Executive Council (FEC). Manga highlighted that this strategic move is anticipated to have a significant and lasting effect on Nigeria’s economy by promoting growth, stability, and self-sufficiency. He also pointed out that Nigeria is navigating the complexities of global markets, positioning itself for future success with this approach. Nigeria’s proven oil reserves stand at approximately 37 billion barrels, representing 3.1% of the world’s total reserves. As one of the top 15 crude oil producers globally, Nigeria ranks 8th in oil reserves and is the 6th largest exporter of oil.

African solar power firms transform electrification rates by bringing affordable energy to homes in Central and West Africa.

The court has also ordered that products from Western Sahara must be labeled as such.

The International Monetary Fund has approved the third review of Ghana’s $3 billion loan program, paving the way for a $360 million disbursement.

The drug, which has been hailed as a game-changer in the fight against HIV, will be available at a lower cost.

The central bank is taking measures to address the decline and boost the economy.

The largest of the proposed projects is the 840 MW Ayago plant, with the 400 MW Kiba and 392 MW Oriang plants also planned

Nigerians staged protests against economic hardship on their country’s independence day, demanding better opportunities and jobs.

Ethiopia seeks creditor nation agreement on debt restructuring by December 2024.

As the cocoa season begins, Ivory Coast boosts the farmgate price to 1,800 CFA francs per kg to help farmers recover from a 25% decline in production during the 2023/24 season.

In addition to education and health, the World Bank emphasized that part of the funding will also focus on enhancing dam safety to safeguard communities against flooding

Suez Canal is one of Egypt’s main sources of foreign currency

The U.S. government has granted Sierra Leone $480 million to expand electricity access to 4.6 million people.

The move is seen as a signal of the government’s determination to strengthen its ties with Russia and other non-Western powers.

The recently inaugurated Faye administration attributed the discrepancies to misleading reports from the former government

According to sources cited by Bloomberg, the funds would largely be raised through the issuance of new special sovereign bonds

The IMF warns of economic difficulties in Senegal, urging the government to implement reforms to reduce public debt.

The European Union has pledged $6 million in humanitarian aid to help those affected by the disaster.

Libya’s crude oil exports have plummeted due to a political crisis that has shut down much of its oil production.

The ANC government is seeking to strengthen its Black Economic Empowerment policy amid rising inequality and criticism of the program’s effectiveness.