South Africa strengthens ties with Afreximbank for African projects

South Africa has strengthened its partnership with Afreximbank to enhance trade, infrastructure, and industrial projects across the continent.

Coca-Cola HBC secures major African stake in $2.6 billion deal

Coca-Cola HBC agreed to buy a 75 percent stake in Coca-Cola Beverages Africa, creating the world’s second-largest Coca-Cola bottler and expanding across 14 markets.

Exxon Mobil expands African presence with Gabon offshore deal

Exxon Mobil has signed a non-binding agreement with Gabon to explore deepwater offshore oil and gas, expanding its African operations.

Egypt’s economy rebounds sharply as exports rise and inflation falls

Egypt’s economy is set to grow strongly over the next three years as inflation falls, interest rates ease, and a weaker currency supports exports and tourism.

Farmers say sunny spells boost cocoa quality across Ivory Coast regions

Recent light rains and sunny spells in Ivory Coast are boosting cocoa bean quality and supporting an abundant main crop through January.

Ankara highlights Turkey’s win-win approach with Africa

Türkiye is deepening ties with Africa through knowledge sharing, solidarity, and a moral partnership based on equality and mutual respect.

Morocco will reshape its budget to boost health and education

Morocco will reprioritise its budget to boost health, education, and regional equality in response to youth protests.

South Africa urges nations to challenge ratings agencies now

South African Reserve Bank Governor Lesetja Kganyago urged developing nations to challenge rating agencies to boost transparency and lower capital costs.

Italian court upholds prison sentence for prosecutors in Nigeria case

An Italian appeals court upheld an eight-month prison sentence for two Milan prosecutors for failing to submit documents relevant to the Eni-Shell corruption case.

Africa’s financial markets show mixed results amid trade shocks

African financial markets show mixed performance as trade shocks, reforms, and climate actions reshape growth prospects.

Botswana’s diamond firm expands sales as new De Beers deal begins

Botswana’s Okavango Diamond Company will begin selling directly to buyers next month after securing greater independence and a higher production share under a new deal with De Beers.

Nigeria’s inflation slows again as food prices ease in September

Nigeria’s inflation eased for the sixth consecutive month in September as moderating food prices brought relief to policymakers.

Kenyan lawmakers approve bill to regulate digital assets and crypto

Kenya’s parliament has passed a bill to regulate digital assets and cryptocurrencies, aiming to attract investment and strengthen oversight of the growing fintech sector.

Safran expands in Morocco with new Airbus engine assembly plant

Safran signed deals with Morocco to build a new Airbus engine assembly line and maintenance facility near Casablanca, marking its first such site outside France.

EU pledges €11.5B to boost South Africa’s growth

The European Union pledged 11.5 billion euros to South Africa for renewable energy, infrastructure, and pharmaceutical development to support economic growth.

Nigeria’s economy recovers after Tinubu’s reforms

Nigeria’s economy is stabilising under Tinubu’s reforms, but poverty and high living costs still affect millions.

Nigeria’s growth steadies, but food inflation bites – World Bank

Nigeria’s economy is steadier after reforms, but food inflation keeps squeezing households, the World Bank warns

African Development Bank will lend Nigeria $500 million this year

The African Development Bank will lend Nigeria $500 million this year to support Tinubu’s economic reforms and fiscal stabilisation measures.

Algeria plans to invest $60 billion to boost energy sector growth

North African country launches energy strategy with billions for upstream oil gas and clean energy generation to strengthen supply

Kenya raises 1.5 billion dollars through new long-term bonds

Kenya secured major funding from new bonds with combined interest rates of 8.7 percent and high investor offers.

Morocco and EU agree to label Western Sahara products

Morocco and the European Union agreed to label products from Western Sahara, following a court ruling invalidating the previous trade deal.

Value buys drive SA car market past pre-COVID levels

NAAMSA: SA new-car sales up 14% in H1 2025; imports +30%. Market likely to beat 2019 peak as buyers seek value

Mozambique prepares to seal $8 billion LNG financing with Eni

Mozambique and eni are set to sign an $8 billion deal for a second offshore LNG project, Coral Norte, as part of major gas investments in Cabo Delgado.

Zambia, China, Tanzania revive TAZARA with $1.4B deal

Zambia, China, and Tanzania signed a $1.4 billion deal to modernize TAZARA railway and boost regional trade and economic growth.

Nigeria weighs certifying China’s C919 for local airlines

Nigeria may certify COMAC’s C919 for local airlines, with leasing and MRO support on the table ahead of December’s air show

Algeria launches first Sukuk worth $2.3 billion this November

Algeria will issue its first sovereign sukuk worth $2.3 billion in November to diversify financing and expand Islamic finance.

Nigeria oil union orders gas, crude cutoff to Dangote refinery over layoffs

Union orders gas/crude cutoff to Dangote over layoffs, heightening fuel-supply risks and pressure on the naira

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