Stronger currencies ease import costs across African economies
Foreign cash inflows and higher gold prices are helping Uganda and South Africa strengthen their currencies this month.
Chinese EV brands take center stage at Zimbabwe farm show
Zimbabwe cut electric vehicle import duties from 40 percent to 25 percent in 2025 to encourage adoption.
Senegal seeks more processed goods exports to China
Senegal aims to export more processed goods to China as groundnut trade grows and local producers seek greater value.
Guinea prepares Eurobond issue after IMF deal
Guinea advances Eurobond plans after securing an IMF deal, marking a potential return to international financial markets.
Namibia to host major energy summit amid Africa’s funding gap
Global investors will gather in Namibia to discuss Africa’s $130 billion energy revenue gap and infrastructure funding.
Angola secures $628 million to expand water supply in Luanda
Angola’s water utility EPAL is implementing the $628 million Quilonga Grande project with French financial backing.
Mozambique pipeline will boost Southern Africa’s fuel security
The Beira-Harare fuel corridor expansion aims to strengthen energy security across Mozambique, Zimbabwe and landlocked SADC markets.
Nigeria inaugurates taskforce to drive sovereign cloud initiative
Nigeria’s cloud initiative shifts from framework development to coordinated implementation with a new multi-stakeholder taskforce.
Tanzania finalizes two-year plan to boost zero-tariff China exports
Officials say Tanzania’s biggest challenge is producing enough quality goods, not gaining access to Chinese markets.
India dispatches 500 MT rice to flood-affected Mozambique
The Indian Navy delivered rice, tents, hygiene kits and medicines to support Mozambique after devastating floods.
Ghana and Malawi pledge closer digital transformation cooperation
Deputy Minister Mohammed Adams Sukparu welcomed the Malawian delegation and highlighted Ghana’s progress in digital infrastructure and e-government platforms.
Chevron strikes oil and gas offshore Angola
Engineers found a 2,000-foot hydrocarbon column with over 300 feet of net pay at the new well.
Explainer: Tanzania taps hydropower surplus to drive exports
Tanzania uses rising hydropower capacity to support businesses, expand industry and explore new regional electricity export markets.
Ethiopia ranks among Africa’s most dynamic economies: envoy
Chinese Ambassador Chen Hai praises Ethiopia’s economic dynamism, highlighting expanding investment access.
Askya launches equity-free platform for African AI startups
Askya will support ten African AI startups with mentorship, cloud infrastructure, computing resources and corporate partnership opportunities.
US-backed group weighs $500 million Tanzania nickel investment
Orion CMC weighs a major investment in Tanzania’s Kabanga nickel project amid efforts to secure critical mineral supplies.
Turkey boosts Africa exports to $13.3 billion in seven months
Turkish exports to Africa rise 12.6% as Egypt, Nigeria and South Africa drive stronger trade and investment opportunities.
Kenya regulator seeks $115 million reserve in EABL sale
The proposed reserve fund could delay Diageo’s $2.3 billion EABL stake sale to Japan’s Asahi Group Holdings in Kenya.
Eni and Sonatrach expand Algeria emissions reduction partnership
Eni and Sonatrach expand emissions cooperation in Algeria, adding methane monitoring, carbon removal and stronger oil and gas standards.
Kenya seeks panda bonds as it tackles a widening budget gap
Kenya considers $300 million in panda bonds as the government seeks financing options to address its widening budget deficit.
Angola inflation falls to single digits for first time in 11 years
Angola’s cooling inflation could support further interest rate cuts as businesses and analysts assess upcoming economic data.
Tanzania Railways and FS Engineering sign digital rail agreement
Italy and Tanzania sign a rail agreement under the Mattei Plan for sustainable transport.
Turkey and Egypt deepen ties based on mutual trust and interests
Hakan Fidan says Turkey and Egypt will deepen cooperation based on mutual trust and shared interests for regional stability.
Guinea secures $425 million deal with IMF to boost mining
Guinea secured staff-level agreement for a $425 million IMF Extended Credit Facility to maximize revenue from the Simandou iron-ore deposit.
Nigerian president approves oil reform to unlock $50B investment
President Bola Ahmed Tinubu has approved a transformative investment framework designed to unlock $50 billion in deep offshore oil developments. This bold economic reform sweeps away old negotiation hurdles, replacing them with a clear, rule-based standard for deepwater energy projects. By providing regulatory certainty, Nigeria aims to revive major offshore ventures long delayed by legal and commercial uncertainty. The Nigerian National Petroleum Company Limited will now amend eligible production sharing contracts to swiftly implement the new framework. Special Adviser Olu Verheijen highlighted that the strategic policy deliberately strengthens local industrial capability within the offshore sector. The government seeks to position the nation as a highly competitive global destination for crucial international energy investments. As Nigeria works to elevate crude oil production, this initiative anchors both economic resilience and domestic capacity building.
Kenya, IMF to discuss new lending programme
Kenya expects IMF visit as talks on new support programme advance
Nigeria considers oil supply reforms to support domestic refiners
Nigeria is considering reforms to its crude oil allocation and pricing rules to reduce feedstock costs and improve supply access for domestic refiners like the Dangote Refinery.
