The Dangote Refinery, Nigeria’s largest, is facing difficulties in securing sufficient crude oil supplies despite the government’s initiative to sell crude priced in naira.

Viatris, a U.S. pharmaceutical company, has been fined by Morocco’s competition regulator for failing to notify the authority about its merger.

The South African central bank cautiously reduced its key interest rate by 0.25% to 7.75%, reflecting lower inflation but acknowledging future uncertainties like global trade and policy changes.

Ruto stated that he had ordered the immediate halt of a procurement process that was set to transfer control of Kenya’s main airport to the Adani Group

Nigeria is launching a new crude oil grade, Utapate, and aims to double its production by the end of 2025.

The South African rand weakened due to increased global uncertainty caused by Russia’s updated nuclear doctrine.

The European Union has pledged a $96 million loan to Cameroon to fund infrastructure projects, including energy, roads, and railways.

To mitigate the impact of currency fluctuations, Ghana has imposed restrictions on private pension fund managers investing in offshore assets.

Early arrival of the Harmattan winds in Ivory Coast could negatively impact the cocoa crop, potentially leading to a shortage of beans in February.

The Malian junta has been accused of using detentions and financial pressure to extort money from foreign mining companies, including Resolute Mining.

Indian Prime Minister Narendra Modi visited Nigeria to strengthen bilateral ties, focusing on maritime security, counter-terrorism, and economic cooperation.

Ethiopian Airlines, Africa’s largest carrier, is facing significant challenges due to Boeing’s recent strike and ongoing global conflicts.

The company has been forced to suspend production at its Somair uranium mine and may face further difficulties in the future.  

Kenya’s coastal communities, facing the challenges of climate change, are turning to seaweed farming as a sustainable and profitable livelihood.

Despite facing numerous challenges, Nigeria’s NNPC has managed to increase oil production to 1.8 million barrels per day.

Nigeria plans to raise $2.2 billion in foreign debt to fund its 2025 budget and support ongoing economic reforms.

African exporters face new challenges as Trump’s trade policies may jeopardize AGOA benefits, sparking concern over how industries from citrus to textiles will maintain U.S. market access.

Decision comes as country grapples with rising public debt, which rose to $25.6B in June from $23.7B the previous year, according to Finance Ministry data

The European Union has decided not to renew its fishing agreement with Senegal due to the country’s failure to address illegal fishing practices.

Egypt’s Prime Minister, Mostafa Madbouly, has appealed for increased international support to ensure Egypt can meet its renewable energy targets.

Ivory Coast’s cocoa industry is facing challenges due to adverse weather conditions, leading to a reduction in export contracts for the 2024/25 season.

The Central African Republic is hoping to break free from a decade-long diamond trade embargo imposed by the Kimberley Process, arguing that it has made significant progress in stabilizing the country.

This positive shift follows the formation of a coalition government in June, after the African National Congress (ANC) lost its parliamentary majority for the first time in 30 years

Ahead of the COP29 climate change summit, the United Nations International Fund for Agricultural Development (IFAD) is urging world leaders to set an ambitious global finance goal for climate adaptation. One of the key topics for discussion at the summit in Azerbaijan will be the New Global Quantified Goal (NCQG), with a focus on supporting small-scale farmers in adapting to climate change. Although African countries have contributed little to global climate change, they are among the most severely impacted. African leaders have long advocated for increased funding for both mitigation and adaptation efforts to address the continent’s climate challenges. In Africa, agriculture is largely dependent on rainfall, making it highly vulnerable to the extreme weather events exacerbated by climate change. Zimbabwe, for example, is currently facing its worst drought in over four decades. However, thanks to an IFAD-funded irrigation project, farmers have still been able to grow crops despite the drought. “This year, we couldn’t harvest anything because the rains didn’t come as expected. The seasons have changed,” said Tinomuounga Hove, chairperson of the Biri Irrigation Scheme. “Having an irrigation scheme helps us a lot. Even without rains this year, we were still able to grow crops.” IFAD is also supporting similar climate adaptation projects around the world to help smallholder farmers increase their food production in the face of climate challenges. The COP29 climate summit will take place in Baku, Azerbaijan, from November 11-22, bringing together climate negotiators, activists, and leaders from around the globe. “This is essentially a negotiation on how much wealthier countries should contribute to help developing nations cope with climate change,” said IFAD President Alvaro Lario. Lario emphasized the importance of a climate finance plan that includes a specific goal for adaptation, with a focus on the needs of small-scale farmers. “Small farms are the backbone of global food systems, but they are also the most vulnerable to climate change,” he said. “Investing in them is crucial if we are to ensure global food security.”