The IMF has approved a $261.9 million disbursement to the DRC after completing the first review of its Extended Credit Facility agreement.

Ethiopia’s economic reform efforts earn IMF support and $262 million as debt restructuring talks with major creditors near a formal deal.

India and Ghana agreed to strengthen security, mining, and trade ties as Modi visits Ghana after three decades.

The government plans a structured program to privatise key assets and improve funding through the stock exchange.

Trade officials from South Africa met US representatives to seek more time for finalizing a trade agreement amid shifting frameworks and policy goals.

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

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 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.

A Chinese-Moroccan partnership launched Morocco’s first EV battery factory with plans to produce enough components for one million electric vehicles yearly

Afreximbank could turn to China and friendly countries for funding following a Fitch credit downgrade and loan restructuring challenges.

Turkey’s trade with Africa is growing through mutual investments in sectors like energy, defense, and construction as part of a strategic “win-win” approach

U.S. diplomat says there is no visa ban and denies unfair trade practices amid African concerns at Luanda summit.

Egypt’s state grain buyer purchased hundreds of thousands of tons of wheat for July and August delivery from Black Sea and EU suppliers.

The World Bank loan aims to ease South Africa’s infrastructure bottlenecks and help create jobs while tackling economic challenges.

Barrick, which says it will appeal the ruling, has been at odds with Mali’s military-led government since 2023 over a new mining code that raises taxes and increases the state’s equity share

Union backs military government’s nationalisation of key uranium mine amid accusations of exploitation by French-owned Orano.

Uganda posted a 92 percent increase in coffee earnings in May as export volumes surged on strong crop yields

African leaders meet in Luanda for the US-Africa Business Summit to boost trade and investment opportunities

Congo’s agency ARECOMS said cobalt export suspension continues as market stocks remain high and will be reviewed before suspension ends

Italy and the EU launch a multibillion euro plan to strengthen African economies and reduce illegal migration through trade and development.

The Niger government moves to take full control of the French-run uranium joint venture Somair after relations with France deteriorate.

Botswana Namibia South Africa and Angola commit funds to global marketing to support the natural diamond industry and its communities.

Wafa Assurance will acquire a majority stake in Egypt’s Delta Insurance as it expands in the Egyptian market.

Kiswishi City SEZ in Congo opens with $50 million investment from Pepsi and Congo Petrol boosting local economy and infrastructure.