IFC eyes over $2.2bn investments in North Africa this year
The International Finance Corporation (IFC) plans to inject more than $2.2bn in new financing across North Africa this year, covering 10 countries including Egypt, according to Cheick-Oumar Sylla, Director for…
Business
Niger Seizes Australian-Run Gold Mine Over Investment Breaches
In a decisive move to consolidate national control over strategic resources, Niger’s military-led government has announced the nationalization of Société…
Nigeria: Oil Executive Linked to Opposition Leader Sparks Concern in Tinubu’s Inner Circle
A high-profile oil executive with close family ties to Nigeria’s leading opposition figure is causing unease within President Bola Tinubu’s…
South Africa Moves to Shield Exporters From Trump Tariffs
The South African government has announced emergency measures to support local exporters affected by the new 30% tariffs imposed by…
Liberian President Launches Probe Into Soaring Prices Amid Economic Strain
Liberian President Joseph Boakai has announced the formation of a temporary presidential committee to investigate the continued rise in local…
South Africa Arrests Nearly 1,000 Undocumented Gold Miners in Major Cross-Border Sweep
South African authorities have arrested nearly 1,000 undocumented migrants accused of operating illegally in gold mines near the country’s northeastern…
Ghana Moves to Regulate Cryptocurrency Amid Soaring Adoption
Ghana is preparing to introduce a legal framework to license and regulate cryptocurrency trading platforms, including those dealing in Bitcoin,…
Ghana Signs Landmark Debt Relief Deal with France Under Paris Club Framework
Ghana has officially signed a bilateral agreement with France to restructure a portion of its external debt, in what marks…
Commercial Bank of Ethiopia Refutes Reports of Multi-Billion Birr Theft Attempt
The Commercial Bank of Ethiopia (CBE) has denied widespread media reports alleging that 7.735 billion Birr was successfully transferred from…
London to Host Inaugural UK-Africa Business Summit to Boost Trade and Investment
London will host its first UK-Africa Business Summit in 2026, in a strategic push to enhance trade and investment ties…
Nigeria Holds Interest Rate at 27.5% to Tame Inflation
The Central Bank of Nigeria (CBN) has decided to maintain its benchmark interest rate at 27.5% for the third consecutive…
Mali Court Rejects Barrick Mining’s Appeal Over Detained Employees Amid Tax Dispute
A Malian court has rejected an appeal by Canadian mining giant Barrick Mining to release four local employees arrested last…
Mozambique Signals Readiness to Restart $20 Billion TotalEnergies LNG Project After Security Improvements
Mozambique’s government has declared that conditions are now in place for French energy giant TotalEnergies to resume its multi-billion-dollar liquefied…
