Egypt inks 165 million euro deal to strengthen its electricity grid
Egypt and the European Bank for Reconstruction and Development signed a 165 million euro deal for power grid funding.
Congo imposes strict new rules for cobalt exporters amid rising prices
Congo has imposed new cobalt export rules requiring rapid royalty payments and strict compliance, raising uncertainty for global producers.
Chevron plans new drilling and joins Nigeria’s upcoming licensing round
Chevron plans to expand its operations in Nigeria by joining the next licensing round and deploying a drilling rig in 2026 as regulatory clarity and improved security boost investor interest.
South Africa raises fresh funds as strong demand drives new dollar bonds
South Africa raised $3.5 billion through new 12-year and 30-year dollar bonds after attracting more than $13 billion in investor orders.
Turkish Airlines and South African Airways sign codeshare deal
Turkish Airlines and South African Airways signed a codeshare agreement to expand routes and travel options from March 1, 2026.
Nigeria moves to clear gas debts to boost power supply confidence
Nigeria has approved payment of 185 billion naira in overdue gas debts to restore confidence in the energy market and improve electricity supply.
Nigeria approves fiscal plan projecting sharp rise in 2026 spending
Nigeria has approved a medium-term fiscal plan for 2026 that projects high spending, a wide deficit, heavy debt costs and lower-than-targeted oil output.
Spain faces growing African swine fever scare among wild boars
Spain’s pork sector faces concern as a new African swine fever outbreak among wild boars threatens trade and prompts strict containment measures.
Egypt, Pakistan plan 2026 roadmap to strengthen cooperation
Egypt and Pakistan plan a 2026 roadmap to deepen ties while Egypt pushes for Gaza ceasefire and reconstruction.
Kenya advances billion-dollar road expansion as Chinese firms step in
Kenya has launched a $1.5 billion Chinese-funded road expansion to ease transport pressure and reduce reliance on national borrowing.
Lebanon and Egypt coordinate to strengthen arms control efforts
Lebanon and Egypt met in Beirut to advance arms control and prevent escalation amid ongoing Israeli attacks in southern Lebanon.
S&P recognizes Zambia’s progress by lifting default status in rating
Zambia exited default status after S&P upgraded its credit rating, reflecting improving fiscal health and economic recovery.
Germany will invest €37 million to boost trade with African markets
Germany will invest €37 million through KfW to boost trade and investment with African countries under the expanded Compact 2.0 initiative.
Complaint targets TotalEnergies of aiding abuses in Mozambique
An NGO has filed a legal complaint accusing TotalEnergies of knowingly supporting Mozambican troops implicated in torture and killings near its gas site in Cabo Delgado.
Eswatini confirms it received over $5 million from US
Eswatini received over five million dollars from the United States to host deportees under a controversial third-country programme.
S&P Global upgrades Nigeria outlook to positive amid strong reforms
S&P Global Ratings upgraded Nigeria’s outlook to positive, citing expected benefits from ongoing economic and fiscal reforms.
Ghana drops recovery levy and trims VAT to stimulate wider growth
Ghana has removed its Covid recovery levy and cut VAT to modernise its tax system and support economic growth as inflation eases and GDP strengthens.
Turkish drone maker Baykar strengthens presence across Africa
Turkish UAV manufacturer Baykar is expanding its exports and defence partnerships across Africa, showcasing its advanced drones at Mali’s Bamako Expo Fair.
Nigeria’s assembly approves extra 1.15 trillion naira to cover gap
Nigeria’s National Assembly approved 1.15 trillion naira in domestic borrowing to fund a 2025 budget shortfall amid strong investor confidence.
EU commits $2.3 billion to expand Zambia-Angola-DRC corridor
The EU has pledged $2.31 billion under its Global Gateway strategy to develop the Lobito Corridor linking Zambia, Angola, and the DRC to the Atlantic Ocean.
Egypt unveils new Western Desert gas discovery boosting reserves
Egypt has announced a new natural gas discovery in the Western Desert expected to boost reserves and production as part of efforts to strengthen energy self-sufficiency.
Tesla shareholders approve Elon Musk’s $1 trillion pay package
Tesla shareholders approved a $1 trillion pay package for Elon Musk, securing his leadership as the company pursues AI, robotics, and growth milestones.
Apple to integrate Google’s AI model in major Siri overhaul
Apple plans to use Google’s 1.2 trillion-parameter Gemini AI model to upgrade Siri, paying around $1 billion annually until its own system is ready.
Ghana inflation slows again as price pressures ease
Inflation in Ghana falls to 8 percent, the lowest since 2021
Saudi crown prince will meet Trump at White House to discuss deals
Saudi Arabia’s crown prince will meet Trump at the White House to discuss the Abraham Accords, regional security, and U.S. arms deals.
Zambia’s Zanaco to fund green, social initiatives through $100M bond
Zambia’s Zanaco plans to raise $100 million through the nation’s first sustainability bond to support renewable energy, agriculture, and climate-resilient projects.
Nigeria approves 15% fuel import duty to protect local refining
Nigeria has imposed a 15% import duty on petrol and diesel to protect domestic refineries and boost revenue amid broader fiscal reforms.