Zambia receives a much-needed boost as the IMF approves funding and increases its aid package to combat a devastating drought.

The project has drawn criticism for its impact on the environment and local communities.

South Africa challenges the European Union’s citrus import regulations at the World Trade Organization.

Morocco’s central bank reduced interest rates to counter falling inflation but predicts slightly lower economic growth due to a decrease in farming output.

Egypt plans to import $1.18 billion worth of fuel to address persistent power cuts caused by heatwaves and foreign currency shortages.

World’s largest cryptocurrency erases all gains since beginning of May

Egypt and the EU are finalizing a €1 billion macro-financial assistance agreement, adding to a larger EU funding package and World Bank support for the country.

Ghana reaches a crucial agreement with bondholders to restructure $1.3 billion in debt, taking a significant step towards overcoming its financial challenges.

This financial aid comes amidst a surge of foreign financing aimed at bolstering the North African nation’s economy

South Africa sees vast potential in its game meat industry, aiming to expand production and exports while promoting sustainability and job creation.

Uganda is building a second international airport near Kidepo National Park to improve tourist access and bypass the current sole airport in Entebbe.

Niger’s military junta revokes French firm Orano’s license at the Imouraren uranium mine, one of the world’s biggest.

The IMF approved $935.6 million for Tanzania to address climate change and support economic recovery through reforms.

Nigeria is adding 17 deep offshore blocks and extending the deadline for its 2024 oil block licensing round due to high investor demand.

Nigeria, boasting Africa’s largest natural gas reserves, often flares gas due to infrastructure limitations and capital constraints

Botswana’s central bank warns the country’s economic growth may fall short of the government’s 4.2% target due to sluggish global diamond markets.

Despite a positive economic upturn in Q1, Ghana restarts negotiations with bondholders to address its $13 billion debt.

Total retail sales reached $703.1 billion in May, marking a slight 0.1 percent increase from April’s revised 0.2 percent decline

Uncertainty surrounds the privileged creditor status of African development banks in the wake of debt challenges in Zambia, Ghana and Malawi.

The surge in prices has been driven by President Bola Tinubu’s economic reforms

At the G7 summit, Kenyan president William Ruto stressed the need for financial system reforms to support developing countries with debt relief and emphasized Africa’s demand for a permanent UN Security Council seat.

The World Bank approved a $2.25 billion loan to help Nigeria address its cost-of-living crisis and support economic reforms implemented by President Tinubu.

An NNPC spokesperson did not immediately comment on the development

After securing a deal with official creditors, Ghana reopens talks with bondholders on a sustainable debt solution.