Sudan’s gold production reaches 2 tons with $124M in value
The financial value of this production reached $124 million, with the government’s share being $25.5 million
EU lowers Eurozone economic forecast
EU economy to grow with ‘reduced momentum,’ says European Commission
Turkey, Mozambique sign defense cooperation deal
‘We are determined to fly the flag of our defense industry in Africa,’ says head of Turkish Defense Industry Agency.
Export of Egyptian electricity to Sudan and Jordan reach 180 megawatts
Egypt has not stopped exporting electricity to Jordan or Sudan despite the recent power load-shedding crisis in the country over the past two months
G20 to confer African Union membership status equal to EU
G20 grouping of nations has agreed to grant permanent membership to the African Union
Zambia’s biggest copper mine averts liquidation with crucial cash inject...
The state-owned ZCCM-IH is a minority shareholder in KCM
Morocco becomes ‘Sectoral Dialogue Partner’ of ASEAN
Morocco was granted the status of “Sectoral Dialogue Partner” within the ASEAN on Monday.
Oil prices slide as traders capitalize on recent gains
International benchmark Brent crude traded at $88.48 per barrel at 10.21 a.m. local time (0721 GMT)
Small uptick in oil prices driven by positive outlook on US demand
Slight increase in oil prices amid optimism for US demand
Gabon coup pushes oil prices slightly upwards
The military coup in Gabon, a member of the Organization of the Petroleum Exporting Countries (OPEC), on Wednesday pushed oil prices slightly upwards while creating supply risks
Shares of European companies in Gabon dropped after coup
Gabon’s international bonds experienced their most significant decline on record, and shares of European companies that operate in Gabon faced a sharp tumble, reflecting the investors’ concerns
Mali president signs new mining code in bid to raise govt stake
Mali’s new mining law prioritizing state interests has been signed into law by President Assimi Goita.
3M agrees to pay $6 billion in earplug settlement
Company argues products safe, effective when used properly
Algerian energy company discovers 10 oil and gas reserves in H1
An official from Algeria’s state-run oil company, Sonatrach, announced that the company discovered 10 new oil and gas in the first half of this year
Oil down as investors wait on Chinese economy data to gauge demand
Oil prices down as investors wait on Chinese economy data to be released
Suez Canal makes $1 mln in revenues per hour first time in its history
For the first time in its history, the Suez Canal achieved revenues of one million dollars per hour
Africa’s startup ecosystem paves the way for economic transformation
Africa’s startup scene is experiencing a remarkable renaissance
$499 million to be paid by UBS, US banks to settle antitrust lawsuit
Goldman Sachs, JPMorgan Chase, Morgan Stanley, and UBS will pay $499 million to settle an antitrust lawsuit from investors alleging they conspired to stifle competition in the stock lending market
Kenyan judge orders Meta to settle with dismissed moderators
Meta, sacked moderators have 21 days to reach settlement – Kenya court
South Africa, China sign energy agreements during BRICS summit
Energy deals signed between South Africa, China at BRICS summit
Oil prices spike after low output, supply chain concerns
Oil prices up after supply chain concerns, low output
Oil prices decline by over 3% for the week ending August 18
Crude oil prices decline by over 3% for the week ending August 18
Zimbabwe will keep 30% of carbon credit revenue
Zimbabwe to retain 30% of carbon credit revenue
Nigerian naira sees a sharp surge on black market
Nigerian naira sees a sharp surge on black market
Saudi Arabia’s June oil exports drop to lowest level in 21 months
Saudi Arabia’s June crude oil exports reach lowest level in 21 months
Egypt to begin sugar trading on commodities exchange
Egypt to commence sugar trading on commodities exchange
Google plans to provide digital skills training to 20,000 Nigerians
Google to train 20,000 Nigerians in digital skills