Ghana resolves Afreximbank dispute over $750 million funding deal
Ghana’s finance ministry said it resolved issues with Afreximbank over a $750 million financing facility to the satisfaction of both sides.
Egypt’s central bank cuts rates by 100 points as inflation eases
Egypt’s central bank cut overnight interest rates by 100 basis points, citing easing inflation and steady growth while flagging risks from non-food prices and fiscal measures.
Egypt begins laying tracks for first high-speed train across desert
Egypt has begun constructing its first high-speed train, the Green Line, to connect the Red Sea and Mediterranean and modernise transport.
Pakistan seals multibillion-dollar arms sale with Libya’s Haftar
Pakistan has agreed to a multibillion-dollar arms deal with Libya’s eastern-based Libyan National Army, raising scrutiny due to the country’s ongoing UN arms embargo.
DRC readies CMOC’s first cobalt shipment under new export quotas
Congo has begun sampling to prepare CMOC’s first cobalt shipment under a new quota system after a prolonged export ban that tightened global supply.
Sahel alliance launches regional bank to fund infrastructure drive
The Alliance of Sahel States has established a regional investment and development bank with nearly $900 million in capital to finance infrastructure and economic projects.
US backs Angola rail upgrade to speed critical minerals to port
The US development agency signed a $553 million loan to refurbish Angola’s Lobito railway, strengthening a minerals corridor aimed at boosting trade and countering Chinese influence in Africa.
Israel seals historic gas export pact with Egypt under Netanyahu
Israel approved its largest-ever gas export deal, a nearly $35 billion agreement to supply natural gas to Egypt through Chevron and Israeli partners.
Egypt signs deal with Al Mana to launch green jet fuel project
Egypt has signed a $200 million deal with Qatar’s Al Mana Holding to produce sustainable aviation fuel from used cooking oil in the Suez Canal Economic Zone.
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.