BRICS nations Russia, India, and China urged to lead Africa’s infrastructure renewal
South Africa has proposed involving BRICS nations Russia, India, and China in the large-scale renewal of Africa’s infrastructure to create a continental transport hub, a senior business leader said. Elias…
Business
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…
Libya Eyes 1.6 Mln BPD Oil Output by 2025 With $4 Bln Investment
Libya aims to increase its oil production to 1.6 million barrels per day (BPD) by the end of 2025, backed…
DRC Launches Investigation into $315 Million Embezzlement at Gecamines
The Democratic Republic of Congo (DRC) has launched a formal investigation into the alleged embezzlement of over $315 million in…
Nigeria Joins BRICS as Partner Country, Pledges Enhanced Economic Cooperation
In a major development that underscores Nigeria’s growing role in the global economic landscape, the West African nation has officially…
Dangote Refinery Reduces Nigeria’s Dependence on European Petroleum Imports, OPEC Reports
Nigeria’s energy landscape is undergoing a profound transformation, largely due to the launch of the Dangote Petroleum Refinery, the largest…
Rwanda Discovers Oil in Lake Kivu, Unveiling 13 Reservoirs and Future Energy Potential
Rwanda has made a significant leap in its energy development by announcing its first-ever oil discovery in Lake Kivu, revealing…
Russia Ships First 27,000-Tonne Wheat Export to Togo, Boosting African Trade
Russia has initiated wheat exports to Togo, delivering its first shipment of 27,000 tonnes, a move that underscores Moscow’s growing…
