Visa issues resolved, travel between Nigeria, UAE restarts
Nigeria and the United Arab Emirates have resolved a visa and currency dispute, allowing Nigerians to travel to the UAE again with flights resuming in October.
African banks at risk as nature loss hits borrowers
A new study shows how nature loss could devastate African economies by crippling banks.
NNPC’s stake in Dangote refinery cut due to non-payment: CEO
NNPC had agreed three years ago to buy shares worth $2.7 billion in the 650,000 barrels-per-day refinery
Oil prices ease on strong dollar
Efforts to implement cease-fire in the Middle East, home to vast majority of global oil reserves, continue to impact prices
IMF urges Botswana to slow infrastructure spending
This has widened the budget deficit and led the IMF to urge Botswana to slow down infrastructure projects.
African Group urges WTO’s Okonjo-Iweala to seek a second term
WTO chief Ngozi Okonjo-Iweala, the first female and African leader of the organization, is being urged by the African Group to seek a second term for ongoing stability.
Brazil’s JSL eyes growth in Africa’s expanding markets
Brazil’s leading logistics company JSL is setting its sights on Africa after conquering Latin America.
Nigerian judge schedules Binance tax evasion trial for October
While Binance has yet to comment on the latest development, it has previously called for the charges to be dismissed
Oil prices rise amid strong demand and supply concerns
Ongoing conflicts in Middle East despite Gaza cease-fire talks, support further price rises by spreading supply fears among market players
Libya’s Tripoli rejects Benghazi’s budget
The HSC fears the budget will deepen the country’s division and waste public funds.
Libya’s eastern parliament approves extra 88 billion dinar budget
Benghazi government in Libya receives a boost with an additional 88 billion dinar budget approved by the eastern parliament
Russia’s Rosatom inks deals with Mali’s military leaders
Mali’s military junta signed cooperation agreements with Russia’s Rosatom, including discussions about a potential low-power nuclear power plant in Mali.
Xi Jinping, Embalo elevate China-Bissau ties to strategic level
Xi Jinping and Umaro Sissoco Embalo elevate China-Guinea-Bissau ties to a strategic level.
Fuel crisis in Mali: Domestic airlines cancel flights
A fuel shortage at Bamako Airport in Mali has caused domestic and international flight cancellations.
South Africa ends J&J probe as it cuts TB drug price
Medical advocacy groups praised Johnson & Johnson for not enforcing its patent on a crucial tuberculosis medication, allowing its production at lower prices following scrutiny by South African authorities.
Joseph Boakai sets example with 40% salary reduction in Liberia
President Boakai’s voluntary pay cut reflects his commitment to combating corruption and improving governance in Liberia.
Egypt, Emirati investment partners on $500m Cairo development
Egypt’s SKG and Emirati KSH Investment to build residential, commercial towers, and hotel on Cairo’s Nile.
Nigeria suspends food import taxes to fight inflation
Nigeria plans to suspend import taxes on wheat, maize, and other foods for 150 days to combat high food inflation and rising living costs.
South Africa eyes renewable energy leadership under new minister
South Africa’s new energy minister pledges to aggressively pursue renewable energy sources, marking a shift from the previous coal-focused approach.
NNPC: Fuel transfers, floods disrupt Abuja supplies
NNPC spokesperson Femi Soneye explained that thunderstorms had hindered ship-to-ship transfers of gasoline from large vessels to smaller distribution ships
Gabon says payment dispute with World Bank resolved
Authorities in the central African nation say technical issues made it impossible for the country to keep its commitments.
South Africa’s power utility eyes profit after diesel costs fuel loss
Eskom, South Africa’s power utility, aims for a financial turnaround after ending blackouts.
Rwanda gets $1B loan from South Korea for infrastructure projects
South Korea has pledged $1 billion in concessionary loans to Rwanda for infrastructure development projects in various sectors.
Ruto unveils budget cuts and borrowing plans after Kenya tax protests
In the wake of violent protests over tax hikes, which left 39 dead, Kenyan president William Ruto has unveiled plans for borrowing and spending cuts to manage the budget deficit and support critical services.
Rwanda secures $1B funding deal with South Korea
In May, Rwanda’s government indicated that 1.32 trillion Rwandan francs ($1.02 billion) in the 2024/25 budget would come from external loans
Uganda has started exporting oil to Kenya after Tanzania
Uganda aims to produce 200,000 barrels of oil per day by 2025 upon completion of the project.
Moroccan court uphold $630 million fine for Maroc Telecom
Moroccan appeals court upheld a record fine against Maroc Telecom for hindering competition.