South African platinum miners end underground protest
Platinum workers demand better conditions, sparking concerns over South Africa’s mining industry.
Ghana economic growth slows, worst in years
Ghana’s slowest growth in years as industry falters, debt deal crucial.
Botswana eyes Namibian port route to bypass S Africa’s logistical woes
South Africa’s woes spark Botswana’s independent trade route: New rail line to connect with Atlantic port.
TotalEnergies sets sights on $6 billion investment in Nigeria
Nigeria, a key player in Africa’s economy and a major oil producer, has intensified efforts to attract foreign investment
Kenya and EU advance economic partnership for enhanced trade
Following seven months of negotiations, both parties initialed a draft deal in June, with the EU serving as one of Kenya’s principal export destinations
Egypt exceeds export goals to Africa, trade hits $6B in record growth
Egypt’s exports to Africa are on fire, exceeding expectations and reaching $6 billion by October. Marble, cement, and fertilizers lead the charge.
South Africa chooses Gazprombank to help it revive gas refinery
Project worth $265 million, says communication and digital technologies minister
Central Africa on track: $696M fuels Tanzania-Burundi-DRC rail project
The AfDB will provide $99 million in grants to Burundi and $598 million in loans and guarantees to Tanzania for the second phase of the project, which will cover 651 kilometers.
Russia’s shadow looms over South Africa’s nuclear power expansion
The South African government’s nuclear deal with Russia raises questions about transparency, security, and potential political influence.
South Africa to build new nuclear plants, government says
South Africa has grappled with extensive power cuts lasting up to 12 hours a day over the past 15 years
IMF board approves $900M in funds for Ukraine
IMF committed to support Ukraine in building foundation for a strong economy
Cabinet approves roadmap for South Africa’s energy landscape
Cabinet’s approval of the new energy blueprint is a significant step forward for South Africa’s clean energy transition.
November sees Egypt’s headline inflation decline to 34.6%
The decrease was primarily attributed to a slowdown in the pace of food price escalations
Nigeria’s Dangote Refinery receives first crude cargo
Dangote Petroleum Refinery received an initial shipment of one million barrels of crude from Agbami deepwater field.
Game changer for Nigerian economy:Dangote refinery receives first oil shipment
Nigeria’s Dangote Refinery receives its first crude oil shipment, moving closer to ending fuel imports.
Algeria backs Saudi call for longer production cuts
This move could have significant implications for the international oil market, which has seen prices slump in recent months.
South Africa’s economy shrinks ahead of impending elections
With general elections looming in 2024, South Africa grapples with high unemployment
India offers Kenya $250 million credit line
Kenyan President William Samoei Ruto holds talks with Indian Prime Minister Narendra Modi in New Delhi
Botswana aims to protect local farmers with extended produce import curbs
Botswana’s decision to extend and expand its fresh produce import restrictions has drawn mixed reactions.
Kenya halts privatisation plans
Kenyan court has halted the government’s plans to privatize more state-owned firms.
Bitcoin hits over $41,000 amid optimism for ETF approval
Total value of crypto market rises over 3.77% to around $1.54T
Tinubu’s move on fuel subsidy exemplifies Africa’s path to progres...
Ruto praises Tinubu’s fuel subsidy removal as a catalyst for Africa’s development.
OPEC+ countries announce daily voluntary output cuts by 2.2M barrels
Additional voluntary cuts will be in place in first quarter of 2024 and will be returned gradually subject to market conditions
Zambia records 20-month high inflation due to kwacha depreciation
Statistician-General Mulenga Musepa disclosed that consumer prices rose by 12.9% from the preceding year
Africa economic forecast downward due to global shocks
Africa’s economic forecast has been revised downward due to ongoing global shocks.
Multi-billion dollar East Africa pipeline approved by regional court
The project has been criticized by environmentalists who say it will damage the environment.
Mozambique unveils ambitious $80 billion energy transition plan
Mozambique has recently greenlit a groundbreaking energy transition plan set to span until 2050