Africa Faces Over $90 Billion in Sovereign Debt Repayments in 2026, S&P Says
JOHANNESBURG, Feb 3 – African governments are facing mounting debt pressures as hard-currency repayment obligations…
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Madagascar Reopens Mining Permits After 16 Years But Keeps Gold Restrictions
ANTANANARIVO, Feb 3 - Madagascar has lifted a 16 year moratorium on issuing new mining permits for most minerals, reopening…
UK Investor Gridworks Signs $400 Million Power Transmission Deals in Ethiopia
ADDIS ABABA, Feb 3 - Gridworks, a British government-owned investor focused on Africa’s electricity networks, has signed agreements to develop…
Nigeria’s Dangote Units Expand Gas Supply Agreements With NNPC Under Gas Plan
LAGOS, Feb 2 - Three subsidiaries of Nigeria’s Dangote Group have expanded gas supply agreements with units of the Nigerian…
South Africa Approves Power Tariff Relief to Support Struggling Ferrochrome Smelters
PRETORIA, Jan 30 - South Africa’s energy regulator has approved a temporary electricity tariff reduction for two ferrochrome producers, granting…
Ethio Telecom Cites Digital Security Risks in Clash With Safaricom
ADDIS ABABA, Jan 30 - Ethio Telecom, Africa’s first telecommunications operator, said its pushback against Safaricom Ethiopia’s mobile money claims was…
TotalEnergies Resumes $20 Billion Mozambique LNG Project After Five-Year Delay
MAPUTO, Jan 29 - TotalEnergies has formally restarted construction of its $20 billion liquefied natural gas project in Mozambique, bringing…
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Ethiopia Sees 10.2% Economic Growth in 2025–26 as IMF-Backed Reforms Advance
ADDIS ABABA, Feb 3 – Ethiopia expects its economy to expand by 10.2% in the…
JPMorgan Upgrades Afreximbank Bonds After Junk Rating Selloff
CAIRO, Feb 3 – JPMorgan has upgraded African Export-Import Bank (Afreximbank) bonds to “overweight” from…
Madagascar Reopens Mining Permits After 16 Years But Keeps Gold Restrictions
ANTANANARIVO, Feb 3 – Madagascar has lifted a 16 year moratorium on issuing new mining…
Neimeth Posts ₦1.49 Billion Pre-Tax Profit as Pharmaceutical Revenue Jumps
LAGOS, Feb 3 – Neimeth International Pharmaceuticals Plc returned to profitability in 2025, posting a…
Pepkor Reports Higher First Quarter Revenue Based on Acquisitions and Festive Demand
JOHANNESBERG, Feb 3 – South African discount retailer Pepkor Holdings reported higher first quarter revenue,…
UK Investor Gridworks Signs $400 Million Power Transmission Deals in Ethiopia
ADDIS ABABA, Feb 3 – Gridworks, a British government-owned investor focused on Africa’s electricity networks,…
Egypt’s non-oil private sector Expansion Continues Despite Cooling Demand, PMI shows
CAIRO, Feb 3 – Egypt’s non-oil private sector recorded its third consecutive month of output…
Nigeria’s Dangote Units Expand Gas Supply Agreements With NNPC Under Gas Plan
LAGOS, Feb 2 – Three subsidiaries of Nigeria’s Dangote Group have expanded gas supply agreements…
UAC Posts Record Revenue After CHI Acquisition as Profit Falls in 2025
ABUJA, Feb 2 – UAC of Nigeria Plc has declared its revenue in 2025 after…