Ethiopia drafts $18 billion plan for nationwide power access
National electrification programme phase three targets universal electricity access renewable expansion and improved grid reliability across Ethiopia.
Angola approves AfCFTA strategy to boost regional trade growth
Government of Angola approves comprehensive AfCFTA action plan to strengthen regional value chains and markets.
IMF signs off on landmark agreement for Ethiopian debt relief
Ethiopia reaches a preliminary deal with key bondholders to restructure its defaulted bond.
Maroc Telecom tops 76 million users amid rising digital demand
Strong expansion in mobile money services helps lift group first-quarter turnover significantly.
Mozambique, Angola sign historic digital cooperation agreement
Mozambique and Angola forged a historic digital alliance, signing a pivotal agreement to reshape their technological landscapes. The breakthrough memorandum of understanding breathes vibrant new life into the shared digital transformation goals of both African nations. Signed amidst the electric atmosphere of the 5th National Communications Conference, the pact establishes a dynamic framework for bilateral cooperation. Mozambique’s Américo Muchanga and Angola’s Mário Oliveira formally endorsed the treaty, uniting their ministries under a common progressive vision. This strategic partnership acts as a bridge for exchanging rich technical expertise, pioneering digital innovations, and modernized regulatory practices. Both governments aim to ignite economic growth and foster deep digital inclusion by aggressively upgrading their core communications infrastructure. By weaving their digital ecosystems together, the two countries are actively accelerating Africa’s broader journey into the modern technological age.
Ericsson deploys its lightweight AIR 3285 radio in Tanzania
Modernized infrastructure lays the foundation for advanced smart city and IoT digital services.
Mastercard expands its global platform to nine African nation
Mastercard brings its global Priceless lifestyle platform to cardholders across nine African markets.
Moody’s cuts Gabon outlook to negative over rising debt risks
Moody’s says Gabon faces higher default risks as debt pressures grow and funding access remains limited
Senegal prepares to restructure national debt amid fiscal crisis
Senegal’s government has reversed its previous stance and announced a readiness to restructure its national debt.
Moroccan exporters prepare for internal leadership election
Candidates emphasize modernization and digital transformation for Morocco’s growing trade base.
Uganda says IsDB approves €650M railway loan
Uganda’s standard gauge railway wins new financing from IsDB
Italy court clears prosecutors in Nigeria oilfield case appeal
The Court of Cassation overturned convictions against two prosecutors, ruling that the alleged offense did not exist.
Fifteen countries sign Mombasa Declaration to fight illegal fishing
Fifteen nations have adopted the Mombasa Declaration to combat illegal fishing and enhance global fisheries transparency by implementing low-cost policy reforms.
Oil prices drop below 80 dollars following US-Iran agreement
Oil prices dropped below US$80 a barrel following optimism over a US-Iran deal to reopen the Strait of Hormuz and potentially ease sanctions on Iranian crude.
IMF approves a new $250 million credit facility for Rwanda
The IMF urges Rwanda to focus on fiscal consolidation after approving a 250 million dollar loan.
IMF increases financial support for four vulnerable African nations
Vulnerable African economies receive extra IMF support as energy and food prices skyrocket.
Higher fuel import costs widen Moroccan trade gap to April
Morocco trade deficit widens eighteen percent in four months as energy import costs surge.
Global leaders meet to address economic impacts of Mideast crisis
The heads of the IEA, IMF, World Bank, and WTO met to discuss collective responses to the Middle East war.
Nigeria’s Tinubu says reforms revived investor confidence
President Tinubu stated that his economic reforms stabilized Nigeria and boosted market confidence.
Turkish and Algerian leaders talk energy and regional stability
Turkish President Recep Tayyip Erdogan held a phone call with Algerian President Abdelmadjid Tebboune to discuss deepening bilateral relations in trade, energy.
Angola buys back $750M in Eurobonds to ease fiscal pressure
Favorable oil prices give Angola financial stability to restructure its upcoming public debt.
Henry Musasizi steps up to become finance minister of Uganda
Uganda President Yoweri Museveni appoints Henry Musasizi as the new finance minister in cabinet.
Belarus seeks advanced relations with Algeria to boost African ties
Belarus plans to use partnerships with Algeria to expand its broader continental cooperation.
Livestock prices surge in Abidjan as Eid demand tightens supply
Sheep shortages across Abidjan markets push Eid prices higher amid regional border delays and blocked Sahel livestock shipments.
Moody’s turns South Africa outlook positive on reforms
South Africa’s economy sees improved outlook as Moody’s highlights stronger revenue collection spending control and debt stabilisation trends.
Egypt holds interest rates steady as economic growth slows down
Central bank freezes interest rates as Egypt GDP growth slows down due to the regional conflict.
ExxonMobil signs preliminary gas deal with Egypt
The partnership helps establish a secure cross-border energy corridor toward European markets.
