Congo Suspends Artisanal Copper and Cobalt Processing in Anti-Corruption Push
KINSHASA, Dec 24 – The Democratic Republic of Congo has suspended all artisanal copper and cobalt processing…
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AfDB Turns to Arab Capital as Africa’s Development Finance Model Shifts
ABIDJAN, Jan 15 - The African Development Bank held its first formal meeting with a group of Arab development finance…
U.S. House Approves AGOA Extension as South Africa’s Eligibility Comes Under Scrutiny
LAGOS, Jan 14 - The United States House of Representatives has approved a three-year extension of the African Growth and…
Nigeria, UAE Seal CEPA to Open Markets, Cut Tariffs and Accelerate Investment Flows
ABU DHABI, Jan 14 - Nigeria and the United Arab Emirates have formally signed a Comprehensive Economic Partnership Agreement, marking…
Angola Extends JPMorgan Debt Facility With $500 Million Boost
LUANDA, Jan 13 - Angola has secured access to an additional $500 million in financing after extending an existing $1…
Terra Industries Signals the Rise of Africa’s Homegrown Defense Technology Sector
ABUJA, Jan 13 - Africa’s security landscape is undergoing a quiet but consequential shift. For decades, the continent’s defense and…
South African Rand Slips as Traders Lock In Gains After Gold-Fueled Rally
JOHANNESBURG, Jan 13 - The South African rand weakened in early trade on Tuesday as investors booked profits after the…
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Nigeria’s Fiscal Deficit Hits $4 Billion in First Half of 2025
ABUJA, Dec 24 – Nigeria posted a N5.7 trillion ($4 billion) fiscal deficit in the first half…
South African Rand Gains as Precious Metals Rally
JOHANNESBURG, Dec 24 – The South African rand edged higher against the U.S. dollar on Wednesday, extending…
Senegal Extends Sale of $719 Million Local-Currency Bond
DAKAR, Dec 23 – Senegal has pushed back the closing date for its CFA 400 billion ($719…
Copper Hits $12,000 for First Time as Tariff Trade Disrupts Global Market
LONDON, Dec 23 – Copper prices climbed to a fresh all-time high on Tuesday, crossing the $12,000-a-ton…
IMF Reaches Staff-Level Agreement on Egypt’s Fifth and Sixth Loan Programme Reviews
CAIRO, Dec 23 – The International Monetary Fund said on Tuesday it had reached a staff-level agreement…
Heirs Energies Secures $750 Million Afreximbank Financing to Boost Oil Output
ABUJA, Dec 22 – Heirs Energies has signed a $750 million financing agreement with the African Export-Import…
Guinea Plans Major Mining Conference Next Year to Attract Global Investors
By Khumalo Mazibuko, December 22, 2025 at 10:56 PM GMT+1 CONAKRY, Dec 22 – Guinea plans to host…
Fitch Downgrades Gabon’s Ratings Into Junk on Rising Debt and Liquidity Pressures
LIBREVILLE, Dec 22 – Global credit ratings agency Fitch on Friday downgraded Gabon’s long-term foreign-currency issuer default…
Nigeria Projects 4.28% of GDP Budget Deficit in 2026
LAGOS, Dec 22 – Nigeria expects its budget deficit to reach 4.28% of gross domestic product in…