Egypt-Built Chad Highway to Boost African Trade, Strengthen Cairo-N’Djamena Cooperation
A major highway being built by an Egyptian contractor in eastern Chad is expected to transform trade and transport links between North and Central Africa, providing landlocked Chad with faster…
Business
Nigeria Breaks Ground on 5 Mini-LNG Plants
AJAOKUTA, Nigeria -- The Nigerian National Petroleum Corporation (NNPC) and its partners launched construction of five mini-liquefied natural gas (LNG) plants in…
Power Relief: Eskom Ends Load Shedding in South Africa
JOHANNESBURG — South Africa’s state power utility, Eskom, suspended rotational blackouts on Sunday after emergency reserves recovered. The blackouts, known…
Youth Unemployment and Empowerment in Somalia
Young people are the backbone of any society, and Somalia, unfortunately, faces one of the world's highest youth unemployment rates.…
Russia-Egypt Trade Hits $8 Billion in 2024, Ambassador Reveals
Trade between Russia and Egypt has continued to flourish, reaching a remarkable $8 billion in 2024, according to Russian Ambassador…
Ghana to Launch Gold Board for Currency Stability and Revenue Boost
Ghana's Finance Minister, Cassiel Ato Baah Forson, announced the creation of a technical committee on Tuesday to establish a legal…
Mali, Barrick Gold Reopen Negotiations Amid Tax Dispute and Gold Seizure
Mali’s government and Barrick Gold, one of the world’s largest gold producers, are set to resume high-stakes negotiations this week…
Moody’s Upgrades Kenya’s Credit Outlook to Positive Amid Economic Improvements
Kenya's credit outlook has been upgraded from "negative" to "positive" by Moody’s, signaling improved economic conditions and reduced financial risks.…
Nigeria Invests $6.7 Billion in Energy Sector, Targets Production Growth
Nigeria, Africa’s largest oil producer, invested $6.7 billion in its energy sector in 2024, with the bulk of the funds…
Economic Growth in East Africa Fails to Alleviate Food Insecurity, Poverty: African Narratives
East Africa is projected to lead Africa in economic growth, yet millions face severe food insecurity and multidimensional poverty, according…
Ethiopia’s Public Debt Rises 25% in Five Years, Hits $68.9 Billion in 2024
Ethiopia's total public debt, encompassing both external and domestic obligations, surged 25.3% over five years to reach $68.9 billion by…
IMF Approves $248M Disbursement to Ethiopia Under $3.4B Reform Program
The International Monetary Fund (IMF) has completed the second review of Ethiopia’s $3.4 billion Extended Credit Facility (ECF) arrangement, approving…
Ethiopia, UN Reaffirm Commitment to SDGs
Ethiopian Finance Minister Ahmed Shide and UN Deputy Secretary-General Amina J. Mohammed have reaffirmed their commitment to accelerating the implementation…
