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.
Zimbabwe to lift tariffs on US imports to enhance trade
Zimbabwe will lift tariffs on US imports to enhance trade, with a focus on boosting Zimbabwean exports to the US, says President Mnangagwa.
Nigeria supports its currency by selling $197.71 million in dollars
Nigeria’s central bank sold $197.71 million to stabilize the naira after Donald Trump’s tariffs triggered market volatility and a decline in oil prices.
Elon Musk hopes the US and Europe will drop all tariffs
Elon Musk said he hopes for zero tariffs between the US and Europe during a video address to Italy’s League Party after new US tariffs were announced.
Central bank reports second gain in Egypt’s foreign assets in 2025
Egypt’s net foreign assets rose by $1.48 billion in February, supported by treasury bill investments and bond sales.
Creditors extend Ethiopia’s repayment schedule without haircut
Ethiopia reached a deal with creditors to delay debt payments, gaining $2.5 billion in relief but avoiding any loan write-down.
South Africa aims to negotiate US tariff relief, not retaliate
South Africa will not retaliate against new U.S. tariffs but will seek exemptions and diversify export markets, officials said following Trump’s announcement.
South Africa pushes WTO reform after US imposes high tariffs
Following US tariffs on South African goods, officials call for WTO reforms to protect developing economies and uphold multilateral trade rules.
South Africa says Trump’s tariffs undermine AGOA trade benefits
AGOA, which provides qualifying African nations with duty-free access to the U.S. market, is set to expire in September
Congolese leader discusses mining deal with Trump Africa advisor
Tshisekedi and Trump’s senior envoy held talks on a possible mining deal and efforts to bring peace to eastern DR Congo, where violence is escalating.
Trump tariffs put key US-Africa trade programme at risk
The US-Africa trade programme AGOA is at risk as Trump imposes tariffs, raising concerns over African exports and economic partnerships.
World Bank invests $100M in Africa’s digital data growth
The IFC’s largest digital infrastructure investment in Africa reflects growing global interest in the continent’s digital economy
US imposes reciprocal tariffs with major penalties on imports
The US enacts new reciprocal tariffs, targeting key trade partners with higher penalties while aiming to boost domestic production and revenue.
World Bank approves $1.08B loan for Nigeria’s development
Initially a COVID-19 response, the funds now aid Nigeria’s post-2023 economic challenges
Kenya retracts debt restructuring claim after China talks
Kenya has been grappling with a heavy debt burden, and rising service costs have strained its finances
Saudis to distribute Chinese cars in South Africa
Jameel Motors partners with Changan to distribute sedans, SUVs and electric vehicles in South Africa, tapping into the region’s growing car market.
South Africa grants Eskom limited emissions exemptions
Government mandates stricter monitoring, health services amid pollution concerns
Sahel Alliance introduces import levy amid regional tensions
Mali, Burkina Faso, and Niger have imposed a 0.5% import levy to fund their new economic bloc after exiting ECOWAS, further deepening regional divisions.
Uganda partners with UAE firm to build key oil refinery
Uganda has signed an oil refinery deal with UAE-based Alpha MBM Investments, granting the firm a 60% stake in the 60,000-barrel-per-day project.
xAI to buy X platform in a $33 billion deal says Elon Musk
Elon Musk says his AI startup xAI is acquiring X in a $33 billion deal to integrate artificial intelligence with the platform’s extensive user base.
US stocks fall sharply as tariff fears shake Wall Street
Wall Street suffered sharp losses as tariff concerns and inflation fears triggered a sell-off across major indexes raising concerns about future earnings.
Kenya seeks new IMF loan, denies disagreements
Kenya applies for a fresh IMF deal with unused funds, denying claims of problems with the current programme.
Ghana’s Central Bank governor says inflation remains too high
The Bank of Ghana aims for an inflation target of 8%, with a permissible range of 2 percentage points on either side
Turkey’s stock rally fades as political turmoil weighs on markets
The benchmark Borsa Istanbul index (.XU100) ended last week down 16.6%, its worst drop since 2008
DR Congo considers extending cobalt export ban to stabilize prices
The Congolese government is considering extending its cobalt export ban after prices jumped over 50% since the restrictions began in February.