Oluebube Elechi

DAKAR, Oct 30 – Moody’s Ratings has downgraded Senegal’s foreign-currency sovereign ratings for the fifth consecutive time, pushing the West African country …

ACCRA, Oct 29 – Russian aluminium producer Rusal plans to establish a joint venture in Ghana to mine and process bauxite, targeting …

MAPUTO, Oct 29 – Mozambique plans to negotiate further debt relief with bilateral creditors after China agreed to reschedule some debt payments, …

LAGOS, Oct 29 – Dangote Cement Plc reported a 31% increase in nine-month profit after tax to ₦974.8 billion (approximately $714 million) …

CAIRO, Oct 28 – Russia’s state nuclear corporation Rosatom is in advanced discussions with four African countries over the potential deployment of …

MAPUTO, Oct 28 – The Bank of Mozambique plans to begin purchasing domestically produced gold as part of efforts to diversify its …

CAIRO, Oct 28 – The African Export-Import Bank (Afreximbank) has disbursed $975 million to partly finance the management buyout of Oryx Energies …

ABUJA, Oct 27 – Nigerian President Bola Tinubu has asked the National Assembly to approve a supplementary external borrowing plan totalling $20.52 …

RABAT, Oct 27 – Morocco has overtaken South Africa to become Africa’s fourth-most attractive investment destination, reflecting its manufacturing strength, macroeconomic stability …

LAGOS, Oct 27 – Nigerian refineries received more than 127 million barrels of locally produced crude oil and condensate between January and …