South Africa Considers Additional Incentives for Auto Industry to Counter U.S. Tariffs
South Africa is weighing the introduction of additional incentives for its automotive sector in response to recently imposed U.S. tariffs on car imports, Trade, Industry and Competition Minister Parks Tau…
Business
IMF Approves $2.5B in New Support for Egypt as Inflation Drops Sharply
The International Monetary Fund (IMF) has approved a $1.2 billion disbursement to Egypt following the successful completion of the fourth…
Russia’s Agricultural Exports to Africa Jump 19% in 2024, Exceed $7 Billion
Russia’s agricultural exports to Africa surged by 19% in 2024, reaching over $7 billion in value, according to Agroexport, a…
Nigeria Signs $200M Deal With WeLight to Expand Renewable Energy Access to Millions
Nigeria has signed a $200 million agreement with pan-African energy firm WeLight to deploy hundreds of renewable mini-grids in underserved…
NNPC in Talks With Dangote Refinery on Renewed Naira-Based Crude Supply Deal
The Nigerian National Petroleum Company Limited (NNPC) has confirmed that it is in active negotiations with the Dangote Refinery to…
US Open to Critical Minerals Partnership with DRC Amid Rising Instability
The US State Department confirmed Sunday that it is open to exploring critical minerals partnerships with the Democratic Republic of…
Ethiopia Launches UAV Manufacturer to Boost Tech Independence & Peaceful Deterrence
Ethiopia’s Prime Minister Abiy Ahmed on Saturday inaugurated Sky Win Aeronautics Industries, a new unmanned aerial vehicle (UAV) manufacturing company…
Botswana Unveils National Strategy to Boost Economic Diversification, Trade Under AfCFTA
Botswana has launched the development of a comprehensive National Implementation Strategy for the African Continental Free Trade Area (AfCFTA), aimed…
Nigeria Launches Africa’s Largest Assembled EV Charging Station
Nigeria on Sunday launched Africa’s largest locally assembled electric vehicle (EV) charging station in Abuja as part of a wider…
IMF Completes Mozambique Visit, Cites Fiscal Slippages, Social Unrest Impact
An International Monetary Fund (IMF) team concluded a visit to Mozambique where it discussed policies underpinning the Fifth and Sixth…
Mali to Ease Mining Permit Suspension in 2025
Mali’s government has announced plans to partially lift its suspension on mining permits, which has been in effect since late…
Ghana Suspends Gold-for-Oil Program to Stabilize Currency
Ghana has suspended its gold-for-oil program as newly appointed central bank governor Johnson Asiama shifts focus toward stabilizing the cedi…
Angola to Join SADC Free Trade Zone, Boosting Regional Integration
Angola is set to become the 14th member of the Southern African Development Community (SADC) Free Trade Area (FTA), a…
