Binance, the world’s largest cryptocurrency exchange, is facing a money laundering trial in Nigeria.

Despite abundant pods on trees, Ivory Coast’s cocoa harvest is starting slowly due to below-average rainfall.

The aim is to increase their purchasing volumes and make them more competitive in the global market.

The government is offering bondholders the opportunity to exchange their existing bonds for new instruments with different terms.

Syama mine remains the largest gold reserve in Mali despite a significant decrease in the country’s overall reserves.

Since its launch in 2020, Yaga has become a significant player in the South African second-hand fashion market

Kenya plans to construct a nuclear power plant by 2034 with a focus on clean energy and increased capacity.

Algeria has sent an initial shipment of fuel to Lebanon to help address the country’s severe power outage crisis.

However, the country’s economy remains challenged by high unemployment and poverty.

Last month, the government authorized the state oil company NNPC to start selling crude oil to the Dangote refinery in naira

The 2024/25 cocoa season in Ghana is set to begin earlier than usual, with a reduced target of 650,000 tonnes due to unfavorable weather conditions.

Qatar Airways has acquired a 25% stake in the South African regional airline Airlink, strengthening their existing partnership and expanding their African network.

Azerbaijan has officially applied to join the BRICS bloc of emerging economies, following the recent expansion of the group.

The move is part of the country’s economic reform agenda tied to an IMF loan.  

A price war between Uber, Bolt, and local rivals has pushed Kenyan taxi drivers to the brink.

Bondholders have rejected the government’s proposed debt haircut, setting the stage for tense negotiations.

President Mnangagwa assumes the SADC chair as leaders meet in Harare to discuss strategies for boosting economic growth and addressing regional security concerns.

Namibia, which consumes around 2,500 metric tons of chicken per month, primarily depends on imports from neighboring South Africa to meet its demand

Nigeria and Equatorial Guinea signed a crucial gas pipeline agreement in Malabo, targeting opportunities in gas exploration, employment, and regional stability within africa.

The suspension, imposed in July due to “disorder caused by mining operators,” affected mining operations in the region, which is rich in tin ore cassiterite and coltan

South Africa’s unemplyment rate increased by 0.6 percentage points from 32.9% in Q1 2024 to 33.5% in Q2 2024, the government’s statistics office reported Tuesday. Africa’s most industrialized economy has struggled to create jobs in recent years due to a long recession and most recently the Covid-19 pandemic.  About 8.4 million people were out of work, up from 5.2 million in 2014. The number of employed persons fell by 92,000 to 16.7 million in Q2 2024. The sectors which saw the most job decreases include trade, agriculture and construction.  Only manufacturing, social services and utilities added jobs.  The figures are the first to be released since the May elections which brought in a coalition government which put reviving the ailing economy top of its agenda.  Unemployment was a key political issue in the vote, likely contributing to the loss of an absolute majority by the African National Congress (ANC).  The statistics affice said that the most significant decrease in employment was observed in the Western Cape, Mpumalanga and KwaZulu-Natal provinces.

A group of bondholders holding over 40% of Ethiopia’s $1 billion bond has expressed disappointment with the government’s proposed 20% principal haircut.

The agreement also includes plans for increased economic cooperation between the two nations.

Due to the declining diamond market, Botswana seeks to increase its ownership in HB Antwerp from 24% to 49.9% without injecting additional capital.