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
Nigerian Telecoms Seek 100% Tariff Increase to Offset Rising Costs, MTN CEO Warns
Nigeria’s telecommunications sector is grappling with a severe financial strain, prompting telecom companies to call for a nearly 100% increase…
Warri Refinery Partially Reopens After Ten Years, Boosting Nigeria’s Refining Sector
Nigeria has announced the partial resumption of operations at its Warri oil refinery after nearly ten years of inactivity, marking…
Nigeria Steps Up Efforts to Combat Oil Theft and Reach 3 Million Barrels Per Day Target
Nigeria is ramping up its battle against oil theft in the Niger Delta as it aims to boost crude oil…
Algeria Revives Gold Mining Sector to Boost Economy & Diversify Exports
Algeria is taking bold steps to transform its mining industry as part of an ambitious strategy to diversify its economy…
Libya Fights to Recover $60 Billion in Hidden Gaddafi-Era Bonds from the US
Libya is embroiled in a high-stakes battle to repatriate over $60 billion in concealed US bonds linked to the regime…
Egypt loses $7 Billion of Suez Canal Revenues as Red Sea Tensions Disrupt Traffic
Egypt reported a sharp decline in revenues from the Suez Canal in 2024, losing over $7 billion as Red Sea…
Zambia Secures Debt Restructuring Deal with Saudi Arabia
Zambia and Saudi Arabia have signed a debt restructuring agreement to reschedule more than $130 million of Zambia's debt to…
Top 10 Most Indebted African Countries in 2024: A Closer Look at IMF Debt
As of December 2024, numerous African nations find themselves increasingly dependent on loans from the International Monetary Fund (IMF) to…
Missing $400M in Gold Sparks Scandal at Guinea’s Central Bank
The Central Bank of the Republic of Guinea (BCRG) is under intense scrutiny after the disappearance of nearly 4 tonnes…
UAE Emerges as Leading Investor in African Business Projects
The United Arab Emirates (UAE) has become the largest investor in new African business projects, further solidifying its growing economic…
Russia Subsidizes 50% of Cargo Costs to Africa, Latin America Amid Sanctions
In a strategic move to strengthen trade ties with the Global South, Russia has announced a new subsidy program designed…
Nigeria Lifts Five-Year Mining Ban in Zamfara, Cites Improved Security
Nigeria has lifted a five-year ban on mining activities in Zamfara state, a region rich in gold, lithium, and copper,…
