China starts century’s biggest energy venture in Yarlung Zangbo
China has begun building the world’s biggest hydropower project in Tibet to boost clean energy production and support its long-term climate commitments.
Stellantis expands Morocco plant to ramp up EV production
Stellantis has expanded its Kenitra plant in Morocco, more than doubling vehicle production and creating over 3,000 new jobs.
DR Congo signs deal with Barcelona to boost tourism
Democratic Republic of Congo has agreed to a multi-million euro deal with Barcelona to promote tourism by featuring a “heart of Africa” logo on the club’s apparel and advertising.
IMF warns Ethiopia’s reform progress faces donor and debt risks
The IMF praised Ethiopia’s reform efforts under a $3.4 billion loan deal but warned that falling donor support and mounting risks could jeopardize progress.
US trade curbs cause steep drop in South Africa vehicle exports
South Africa’s car exports to the US fell over 80% due to Trump’s tariffs, threatening jobs and investment across the automotive industry.
Mozambique sets stage for TotalEnergies to restart LNG project
The Mozambican government says security has improved enough for TotalEnergies to consider restarting its $20 billion gas project.
Azule Energy hits gas in landmark Angola exploration effort
Azule Energy has discovered significant gas reserves in Angola’s first dedicated gas exploration well, located in the Lower Congo Basin.
Mali begins gold sales after seizing Barrick mine
Mali is selling gold from a major seized Barrick mine to finance operations as it asserts greater control over its mining resources.
Botswana accelerates currency depreciation amid economic strain
Botswana has increased the rate of pula depreciation to 2.76% to cushion its economy from the effects of a global diamond downturn and falling reserves.
Sisi and Li push stronger Egypt-China ties
Egypt and China held high-level talks to boost economic cooperation and deepen their strategic partnership across key sectors.
Nigeria’s Dangote refinery plans storage in Walvis Bay
Dangote’s $20 billion refinery will construct tanks in Walvis Bay to boost fuel access across Namibia, Botswana, Zambia and Zimbabwe.
US treasury chief to skip South Africa G20 meeting
Acting Undersecretary for International Affairs Michael Kaplan will represent the Treasury Department at the July 17–18 meeting
Ramaphosa rejects Trump’s 30% tariff, calls for fairer US trade terms
Ramaphosa says over half of U.S. goods enter duty-free, average tariff only 7.6%
Algeria, Italy deepen energy ties with new oil pact
Algeria’s Sonatrach and Italy’s Eni signed a $1.35B deal to explore and develop hydrocarbons in the Zemoul El Kbar area over 30 years
Libya’s NOC teams with BP and Shell for hydrocarbon studies
Oil majors BP and Shell return to Libya with new exploration and development agreements
Trump threatens 10% tariff on countries aligning with BRICS
The tariffs are set to take effect on August 1, with a deadline of July 9 for countries to finalize bilateral trade agreements with Washington
World Bank grants Ethiopia $1B for reforms
World Bank officials in Addis Ababa have not yet issued a comment detailing the facility’s terms or sectoral breakdown
Morocco builds a gaming hub to create jobs and boost its economy
Morocco’s gaming expo showcases new initiatives to grow the local video game sector and boost the economy.
Morocco plans second sukuk issue since 2018
Morocco’s only previous sukuk offering in 2018 raised 1 billion dirhams ($110 million) and matured in 2023
IMF completes first review and releases funds to DR Congo
The IMF has approved a $261.9 million disbursement to the DRC after completing the first review of its Extended Credit Facility agreement.
Ethiopia advances reform efforts with fresh IMF loan support
Ethiopia’s economic reform efforts earn IMF support and $262 million as debt restructuring talks with major creditors near a formal deal.
Modi boosts defence and economic ties with Ghana
India and Ghana agreed to strengthen security, mining, and trade ties as Modi visits Ghana after three decades.
President Ruto announces Kenya Pipeline IPO
The government plans a structured program to privatise key assets and improve funding through the stock exchange.
South Africa urges US to extend deadline on trade deal talks
Trade officials from South Africa met US representatives to seek more time for finalizing a trade agreement amid shifting frameworks and policy goals.
South Africa seeks delay on Trump tariffs to finalize trade deal
Pretoria is seeking exemptions for key exports such as cars, auto parts, steel, and aluminium, and has offered to import U.S. liquefied natural gas in return
Turkish forum signs deals to link Africa with Middle Corridor
Turkey signed memoranda with seven African countries to link them to the Development Corridor Project and the Middle Corridor trade route, boosting Africa’s global trade access.
Senegal raises 2025 budget deficit forecast amid fiscal strain
Senegal has raised its 2025 budget deficit forecast to 7.82% of GDP due to lower revenue expectations and revised GDP figures, amid ongoing fiscal pressure.