TotalEnergies hires former Benin PM to assess E Africa land purchases

Amidst lawsuits, TotalEnergies hires consultant to review land purchases for Africa energy projects.

TotalEnergies engages ex-Benin PM for East Africa land review

This move comes amid legal action against TotalEnergies by activist groups, spearheaded by Friends of the Earth France

Tesla produced nearly 495,000 vehicles, delivers over 484,000

Electric carmaker manufactured more than 1.8M vehicles last year

Tesla loses EV crown to Chinese rival BYD

Chinese automaker BYD has overtaken Tesla as the world’s leading producer of electric vehicles.

Cameroon braces for fuel price hikes amid subsidy cuts

Cameroon’s President Biya announces impending fuel price increases due to subsidy cuts.

Russia assumes chairmanship of economic bloc for 2024

Putin says BRICS attracting further support from countries sharing bloc’s underlying principles

Top 10 best international airports in Africa in 2023

Africa is emerging as a preferred global destination for travellers, driven by a thriving tourism and business sector.

US stock market closes 2023 with best performance in years

S&P jumps 24.2% in 2023 with longest winning weekly streak since 2004; Nasdaq soars 43.4% for highest annual gain since 2020

Benin removes suspension of transiting goods to Niger

Benin has lifted its suspension of imported goods transiting to Niger through the port of Cotonou

Iran, Russia finalize deal to trade in local currencies instead of US dollar

Last year, Tehran and Moscow announced that they planned to use local currencies instead of US dollars in mutual commercial transactions

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.

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