Trump plans to spare automakers from tariffs on select imports
Trump is reportedly preparing to exclude carmakers from tariffs on car parts, steel, and aluminum, easing trade tensions for the industry.
US Treasury head warns tariffs on China are hitting a dead end
US Treasury chief Scott Bessent calls the trade war with China unsustainable and signals that easing tensions may be necessary for economic stability.
Morocco begins tender process for major LNG terminal in Nador
The LNG project in Nador is part of Morocco’s plan to boost energy capacity and diversify sources.
Algeria sets $10B trade goal with Turkey
Algeria plans to raise its trade volume with Turkey to $10B after a joint planning meeting between the countries’ foreign ministers in Algiers.
DHL to suspend global shipments over $800 to US consumers
The company confirmed the suspension in a notice on its website, which, although undated, showed that it was published on Saturday
Tinubu’s reforms leave many Nigerians in poverty
Nigeria’s economic reforms have not yet helped poor citizens despite efforts to stabilize the country’s finances according to the IMF.
Energy firms abandon Egypt’s Red Sea blocks and shift focus
Egypt’s Red Sea energy ambitions face a setback as Chevron and partners withdraw after unproductive drilling efforts.
Mozambique asks IMF to begin talks on fresh lending program
The IMF says Mozambique has requested talks to explore a new lending program after recent discussions in Maputo.
Ghana sees cedi improvement while Zambia’s kwacha weakens
The Ghanaian cedi is projected to experience marginal gains against the U.S. dollar
Trump signals progress in US-China tariff negotiations
President Trump said the US and China are in talks to resolve their tariff dispute and expressed confidence in reaching a trade deal.
Tanzania secures IMF staff-level agreement for new financing
IMF has agreed at staff level to release $441 million in funding to Tanzania pending final approval under its ECF and RSF programs.
Morocco to buy Stinger Block I Missiles for $825M
The US Department of State has authorized the sale of Stinger missiles to Morocco.
Barrick Gold’s Mali office closed amid ongoing tax dispute
Mali has closed Barrick Gold’s Bamako office, citing tax issues, as tensions over gold exports and mining rights continue to escalate.
South African businesses brace for VAT hike amid economic struggles
The National Treasury plans to increase VAT by 1 percentage point over the next two years, beginning on May 1
Trump to announce tariffs on imported semiconductors, electronics
Trump’s announcement came after a national security trade probe into the semiconductor industry, which the administration is considering under the umbrella of a broader tariff investigation
BRICS decry US tariffs, global trade risks
US tariffs come under fire from BRICS nations for disrupting the global economy and breaching WTO rules.
US tariff shocks will hit Africa, says AfDB president
US tariffs could send shock waves through African economies, with weakened currencies and rising inflation, according to AfDB president Adesina.
Egypt raises fuel prices for the first time in 2025
The Egyptian government raises diesel and gasoline prices for the first time in 2025 in line with its IMF agreement to reduce fuel subsidies.
Trump’s auto tariffs may cost US carmakers $108B in 2025
A new study warns Trump’s 25% auto tariffs may cost U.S. carmakers $108 billion in 2025 with Detroit automakers hit hardest.
Fitch sees manageable risk to Africa’s credit from tensions
Fitch says Africa’s credit ratings can handle aid freezes and trade issues as reforms help countries like Nigeria and Seychelles stay on positive paths.
Egypt’s inflation jumps to 13.6% in March 2025
On a monthly basis, prices were 1.6% higher in March compared to February, with food and beverage prices climbing 3.5%
Trump’s 104% tariffs on China fuel retaliation, economic worries
Following a weekend implementation of 10 percent tariffs on imports from various countries, rates on goods from the European Union and Japan increased as of 12:01 a.m. on Wednesday
AfDB launches agro zone project in Nigeria
The African Development Bank is raising $2.2 billion to support Nigeria’s agricultural zones and improve food security across 28 states.
Eni to invest $26B in North Africa by 2029
Eni will commit more than €8 billion each to Algeria and Libya, and a similar amount to Egypt
Kenya’s export hopes face recession and cost hurdles
While Kenya benefits from lower U.S. tariffs compared to rivals, global recession and high costs may impact its trade prospects.
Trump pushes for higher China tariffs while markets sliding
Trump announces plans for 50 percent China tariffs as global markets crash and recession fears rise.
Ramaphosa: VAT increase still likely despite alternatives
South Africa’s treasury is reviewing alternatives to a VAT hike but may still proceed due to limited options, President Ramaphosa said.