Egypt boosts gas output as work begins on three new Zohr wells

Egypt has restarted drilling and added output at the Zohr gas field to boost production after earlier declines.

Tinubu: Petrobras can return to Nigeria quickly after Lula talks

Tinubu signals swift Petrobras comeback as Brazil–Nigeria sign trade and aviation deals

Zambia unveils Imboo, an 11,685-carat emerald

Zambia’s Kagem mine has discovered Imboo, an 11,685-carat emerald weighing 2.337 kilograms, the largest gemstone found there to date.

NOC to host Libyan-US energy investment forum

The forum will bring together Libyan officials and US investors to boost oil and gas sector investment.

Apple talks with Google to enhance Siri via Gemini AI

Apple is reportedly exploring Google’s Gemini AI to redesign Siri and improve its voice assistant capabilities next year.

Zambia, Israel to expand cooperation in minerals, health

Reopening of Israel’s embassy in Zambia marks a new chapter in their friendship

Ethiopia’s FDI edges higher ahead of bond talks

Ethiopia draws $4bn FDI (+2.2%) as reforms lift sentiment; Eurobond talks near, with Addis seeking an 18% cut

Burundi launches work on rail network connecting to Tanzania

Burundi begins its first railway to Tanzania aiming to cut transport costs and boost trade through the Central Corridor.

SA plant to boost truck exports across Africa

Isuzu Motors South Africa plans to grow truck production and exports while boosting locally sourced parts for African markets.

South African court rescinds TotalEnergies, Shell oil permit over risks

A South African court has overturned TotalEnergies and Shell’s oil exploration permit, citing inadequate risk, climate, and community impact assessments

Turkish, African businesses unite at Istanbul WCI Forum

The WCI Forum in Istanbul brought Turkish and African businesses together to strengthen trade, investment, and economic cooperation.

Senegal leader urges Turkey to invest more

Senegal’s prime minister urged Turkey to expand investments and partnerships, highlighting new economic opportunities and inviting Turkish firms to key projects.

Burundi capital grinds to a halt amid crippling power and fuel crisis

Burundi is facing widespread power cuts and fuel shortages that have paralysed its capital, disrupted services, and left residents without basic necessities for days.

Africa embraces AI as Mastercard maps digital roadmap

Mastercard’s whitepaper reveals how AI can transform African industries by 2030 with inclusive investment, collaboration, and policy development.

Zimbabwe’s platinum sector struggles with unpaid export income

Zimbabwe’s platinum miners are owed millions in unpaid export earnings due to government delays under foreign currency retention rules, impacting their operations.

Guinea’s junta seizes GAC bauxite mine

Guinea’s junta cancels GAC’s bauxite licence citing violations and transfers operations to a state firm, raising legal and economic concerns.

Nigeria’s oil production climbs past 1.8 mbpb per day last month

Nigeria’s oil production rose above 1.8 million barrels per day last month despite theft and underinvestment challenges

Pretoria defends trade profile as US tariff deadline looms

Pretoria: our exports aid U.S. industry; 30 % tariff due 8 Aug risks jobs but talks will continue

Lesotho’s textile industry faces job losses despite Trump tariff cut

Lesotho says 15% US tariff still cripples textiles, threatens jobs despite Trump’s cut from 50%

Ghana’s central bank cuts rate as inflation eases

Ghana’s central bank cut its benchmark interest rate to 25 percent amid easing inflation and a stronger currency.

African nations increase gold amid market tensions

African central banks boost gold reserves but risk losses if prices fall sharply in volatile markets driven by trade and geopolitical tensions.

South Africa chooses dialogue over retaliation amid US tariff threat

South Africa has decided not to retaliate against US tariffs and instead offered trade and investment deals to ease tensions and reset bilateral relations.

Endeavour and two other gold miners agree to Mali’s new mining code

Mali is one of Africa’s top gold producers, but investor confidence has been shaken by regulatory uncertainty

Nigeria’s Bature Brewery bets on craft beer in $7 billion market

Founded in 2017 in Abuja, Bature is now Nigeria’s largest craft brewery, producing 22,000 litres a month

Pretoria pushes US for swift answer amid looming export tariffs

With tariffs due soon, South Africa seeks a favorable trade agreement from the US to protect key industries and jobs.

Turkey Africa exports near $10B in H1 2025; Morocco tops buyers

Egypt imported $1.6 billion, Libya $1.3 billion, followed by Tunisia ($554.1 million), South Africa ($303.5 million) and Nigeria ($242.3 million)

Ghana narrows 2025 deficit as economy beats expectations

Ghana has revised its 2025 fiscal deficit target downward after stronger-than-expected economic performance and improved financial discipline in the first half of the year.

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