UK eyes Morocco to boost trade with Africa in post-Brexit era

Ditching France, Morocco eyes UK for trade and security. Ambassador says “buy your tomatoes from Morocco” post-Brexit.

Ethiopia fails to make bond payment, officially defaults

Africa’s 2nd most populous nation, Ethiopia, defaults on $33 million bond, joining Zambia and Ghana in debt restructuring.

Expert forecasts ‘very explosive’ 2024 for Bitcoin

Bull market on horizon again, may last longer as bad actors removed from industry, says blockchain consultancy CEO Brandon Zemp

Libya’s stock market resumes trading after more than 9 years

Libya’s Stock Market resumed trading on Monday at a hall in the capital Tripoli after more than nine years of closure because of the political and security situation.

Nigeria to reclaim union, keystone banks from ex-CBN in fraud probe

Former CBN chief Emefiele faces probe over illegal bank acquisitions using “dirty money.” Government to buy banks back.

Maersk set to resume shipping activities in the Red Sea

Maersk announced Sunday that it will resume operations in the Red Sea and the Gulf of Aden

Nigerian central bank lifts ban on crypto trading

Nigeria reverses its crypto ban, ushering in a new era of regulated digital asset transactions.

Zambia’s president faults private creditors for debt deal delays

With $18.6 billion in debt upon its default in 2020, Zambia reached a preliminary agreement in October with foreign lenders

IMF revises restructuring Zambia proposal, releases $187 million

Zambia gets financial aid despite default; currency instability, inflation challenges persist.

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

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