SA plant to boost truck exports across Africa

Isuzu Motors South Africa plans to grow truck production and exports while boosting locally sourced parts for African markets.

South African court rescinds TotalEnergies, Shell oil permit over risks

A South African court has overturned TotalEnergies and Shell’s oil exploration permit, citing inadequate risk, climate, and community impact assessments

Turkish, African businesses unite at Istanbul WCI Forum

The WCI Forum in Istanbul brought Turkish and African businesses together to strengthen trade, investment, and economic cooperation.

Senegal leader urges Turkey to invest more

Senegal’s prime minister urged Turkey to expand investments and partnerships, highlighting new economic opportunities and inviting Turkish firms to key projects.

Burundi capital grinds to a halt amid crippling power and fuel crisis

Burundi is facing widespread power cuts and fuel shortages that have paralysed its capital, disrupted services, and left residents without basic necessities for days.

Africa embraces AI as Mastercard maps digital roadmap

Mastercard’s whitepaper reveals how AI can transform African industries by 2030 with inclusive investment, collaboration, and policy development.

Zimbabwe’s platinum sector struggles with unpaid export income

Zimbabwe’s platinum miners are owed millions in unpaid export earnings due to government delays under foreign currency retention rules, impacting their operations.

Guinea’s junta seizes GAC bauxite mine

Guinea’s junta cancels GAC’s bauxite licence citing violations and transfers operations to a state firm, raising legal and economic concerns.

Nigeria’s oil production climbs past 1.8 mbpb per day last month

Nigeria’s oil production rose above 1.8 million barrels per day last month despite theft and underinvestment challenges

Pretoria defends trade profile as US tariff deadline looms

Pretoria: our exports aid U.S. industry; 30 % tariff due 8 Aug risks jobs but talks will continue

Lesotho’s textile industry faces job losses despite Trump tariff cut

Lesotho says 15% US tariff still cripples textiles, threatens jobs despite Trump’s cut from 50%

Ghana’s central bank cuts rate as inflation eases

Ghana’s central bank cut its benchmark interest rate to 25 percent amid easing inflation and a stronger currency.

African nations increase gold amid market tensions

African central banks boost gold reserves but risk losses if prices fall sharply in volatile markets driven by trade and geopolitical tensions.

South Africa chooses dialogue over retaliation amid US tariff threat

South Africa has decided not to retaliate against US tariffs and instead offered trade and investment deals to ease tensions and reset bilateral relations.

Endeavour and two other gold miners agree to Mali’s new mining code

Mali is one of Africa’s top gold producers, but investor confidence has been shaken by regulatory uncertainty

Nigeria’s Bature Brewery bets on craft beer in $7 billion market

Founded in 2017 in Abuja, Bature is now Nigeria’s largest craft brewery, producing 22,000 litres a month

Pretoria pushes US for swift answer amid looming export tariffs

With tariffs due soon, South Africa seeks a favorable trade agreement from the US to protect key industries and jobs.

Turkey Africa exports near $10B in H1 2025; Morocco tops buyers

Egypt imported $1.6 billion, Libya $1.3 billion, followed by Tunisia ($554.1 million), South Africa ($303.5 million) and Nigeria ($242.3 million)

Ghana narrows 2025 deficit as economy beats expectations

Ghana has revised its 2025 fiscal deficit target downward after stronger-than-expected economic performance and improved financial discipline in the first half of the year.

Turkish and Nigerien defense officials agree on military partnership

Türkiye and Niger signed a military financial cooperation agreement during the IDEF 2025 defense fair in Istanbul.

Ghana reshapes mining laws to link revenue directly with locals

Ghana plans to reform mining laws by shortening licence durations and mandating revenue sharing with local communities to boost development.

Nigeria keeps benchmark rate at 27.5%, vows to stay tight on inflation

Annual inflation slowed for a third month in June to 22.22%, down from 22.97% in May, helped by softer energy costs and a steadier naira

AfDB approves €100M loan for Moroccan women farmers

Morocco will receive a 100 million euro loan from AfDB to support small-scale farming and climate resilience led by women and young farmers.

Zambia, China’s Fujian Xiang Xin to build $1.1 B Ndola refinery

The refinery will import Middle Eastern crude via Tanzania’s port of Dar es Salaam, an IDC spokesperson told media

China starts century’s biggest energy venture in Yarlung Zangbo

China has begun building the world’s biggest hydropower project in Tibet to boost clean energy production and support its long-term climate commitments.

Stellantis expands Morocco plant to ramp up EV production

Stellantis has expanded its Kenitra plant in Morocco, more than doubling vehicle production and creating over 3,000 new jobs.

DR Congo signs deal with Barcelona to boost tourism

Democratic Republic of Congo has agreed to a multi-million euro deal with Barcelona to promote tourism by featuring a “heart of Africa” logo on the club’s apparel and advertising.

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