Nigeria’s Dangote Refinery receives its first crude oil shipment, moving closer to ending fuel imports.

This move could have significant implications for the international oil market, which has seen prices slump in recent months.

With general elections looming in 2024, South Africa grapples with high unemployment

Kenyan President William Samoei Ruto holds talks with Indian Prime Minister Narendra Modi in New Delhi

Botswana’s decision to extend and expand its fresh produce import restrictions has drawn mixed reactions.

Kenyan court has halted the government’s plans to privatize more state-owned firms.

Total value of crypto market rises over 3.77% to around $1.54T

Ruto praises Tinubu’s fuel subsidy removal as a catalyst for Africa’s development.

Additional voluntary cuts will be in place in first quarter of 2024 and will be returned gradually subject to market conditions

Statistician-General Mulenga Musepa disclosed that consumer prices rose by 12.9% from the preceding year

Africa’s economic forecast has been revised downward due to ongoing global shocks.

The project has been criticized by environmentalists who say it will damage the environment.

Mozambique has recently greenlit a groundbreaking energy transition plan set to span until 2050

The escalating cost of cooking gas is driving a shift towards biofuel in Nigeria, as households seek alternatives to meet their cooking energy needs.

Despite the global economic outlook, Angola and Nigeria’s focus on boosting oil production highlights their confidence in the long-term demand for oil and their determination to secure a larger share of the market.

South African Reserve Bank holds lending rate at 8.25% for the third consecutive meeting, aligning with economist forecasts. Governor Kganyago cites logistic bottlenecks in ports and rail as major growth constraints, emphasizing a cautious economic approach.

The agreement extends over four years but lacks specific timelines for the construction phase

Estimated 182 million planning to shop from Thanksgiving Day through Cyber Monday, 15.7million more than last year

Agreement to support financing for trade competitiveness among bloc’s 21 member states

The President expressed his keen interest in the role Siemens can play in modernizing and expanding Nigeria’s rail network.

Transnet expects to clear the backlog of 63 ships at the Port of Durban in 7 to 15 weeks. The delay is causing concern among importers, who fear they will miss the crucial Christmas shopping season.

The German government has pledged to invest 4 billion euros ($4.37 billion) in African green energy projects until 2030.

Zambia’s efforts to restructure its debt have been dealt a major blow as official creditors have rejected a revised deal to rework $3 billion of Eurobonds. The country’s official creditor committee (OCC), which includes China, Japan, and the Paris Club of creditor nations, said that the deal did not offer comparable relief to both commercial and official creditors.

The International Monetary Fund (IMF) is considering a mega loan program to help Gaza recover from the economic fallout of the recent war. The war has caused widespread damage to Gaza’s infrastructure and economy, and the IMF’s loan would help to rebuild and revitalize the Gaza economy.