Nigeria seeks FX relief with naira oil transactions
Nigeria’s government approved the sale of crude oil to the Dangote refinery in naira to alleviate foreign exchange pressures.
Nigeria seeks FX relief with naira oil transactions Read More »
Economy
Ethiopia seeks IMF bailout with market-based exchange rate
Ethiopia has relaxed foreign exchange controls in hopes of securing a multi-billion dollar bailout as it grapples with economic challenges.
Ethiopia seeks IMF bailout with market-based exchange rate Read More »
Terrorist attacks force Chinese oil firm to halt Niger work
A Chinese state-owned oil company has halted construction at an oilfield in Niger due to increasing terrorist attacks in the region.
Terrorist attacks force Chinese oil firm to halt Niger work Read More »
Drought cripples Morocco’s agriculture, threatens food supply
Morocco’s six-year drought has devastated wheat production, impacting farmers, economy, and food security.
Drought cripples Morocco’s agriculture, threatens food supply Read More »
Botswana enacts new law for 24% local stake in mines
In a bid to boost local participation in the mining industry, Botswana is enforcing a new law requiring mining companies to offer 24% stake to locals.
Botswana enacts new law for 24% local stake in mines Read More »
Nigeria’s Central Bank hikes rate again to curb inflation
Faced with rising inflation and a struggling naira, Nigeria’s central bank has hiked its interest rate for the fourth time this year.
Nigeria’s Central Bank hikes rate again to curb inflation Read More »
Egypt cuts $14 billion from external debt in five months
Egypt has made a significant stride in addressing its debt crisis, with a staggering $14 billion reduction in external debt over the past five months.
Egypt cuts $14 billion from external debt in five months Read More »
AfDB approves $1B loan to revamp South Africa’s rail and ports
To address South Africa’s ailing rail and ports, the African Development Bank approves a $1 billion loan for Transnet.
AfDB approves $1B loan to revamp South Africa’s rail and ports Read More »
Egypt’s canal revenue drops 23.4% due to Red Sea attacks
The decline is a blow to Egypt’s economy as it faces a financial crisis.
Egypt’s canal revenue drops 23.4% due to Red Sea attacks Read More »
Uganda’s coffee exports jump 18.2% on bumper crop
This boost comes as the key harvest season is underway for the country’s biggest export.
Uganda’s coffee exports jump 18.2% on bumper crop Read More »