Uganda’s state-owned oil firm to borrow $2 billion to build oil refinery
Uganda plans to start commercial oil production next year from fields in its west.
17 Dec, 2025
African Development Bank seeks $25 billion for low-cost lending after US withdraws support
The AfDB opened a donor-pledging conference on Monday for its fund that lends money to low-income countries on favourable terms, seeking to offset a retreat in US support that threatens its $25 billion target.
16 Dec, 2025
Morocco to open two deepwater ports in 2026 and 2028, minister says
Morocco will open a new deepwater Mediterranean port next year and another on the Atlantic in 2028, Equipment and Water Minister Nizar Baraka said on Monday.
8 Dec, 2025
Vodafone to acquire majority control of Kenya’s Safaricom in $1.6bn deal
Safaricom said in a statement that Vodafone Kenya does not intend to launch a takeover offer of Safaricom upon the completion of the acquisition.
4 Dec, 2025
Nigeria tightens cash withdrawal limits to curb money-laundering risk
Africa nears record $1 trillion in state-owned assets under management
Kenyan shilling to slip as African currencies diverge next week
Construction of Somalia’s new port in Mogadishu to begin next year
German woman jailed for bank robbery in DR Congo
26 Nov, 2025
Senegal’s debt falls by 10% after recalculations
Authorities said the adjustments reflects inclusion of emerging activities such as digital financial services, the oil and gas industry and cashew production.
25 Nov, 2025
South Africa’s financial resilience persists on market rebound: central bank
South Africa’s financial system remains resilient despite global geopolitical tensions and rising debt risks, the central bank said on Tuesday.
25 Nov, 2025
Uganda’s state oil company identifies ‘significant’ new crude deposits
State-owned Uganda National Oil Company (UNOC) has identified nine potential oil wells in the Kasuruban block with “significant new crude oil deposits”, it said on Tuesday.
25 Nov, 2025
Mali, Canada’s mining firm Barrick end gold complex dispute
Canadian mining company Barrick and Mali announced on Monday they had reached an agreement ending their dispute over one of the world’s largest gold complexes.
24 Nov, 2025
Tanzania to commence constructing $10 billion sea port in December
Authorities say the port will be able to handle ships with a capacity of up to 25,000 containers.
21 Nov, 2025
Côte d’Ivoire’s main cocoa harvest to decline sharply for third consecutive year, sources say
Côte d’Ivoire, the world’s biggest cocoa producer, has sold 1.3 million tonnes of cocoa contracts for the 2025/26 October to March main crop, down from 1.4 million tonnes last year.
18 Nov, 2025
Gabon signs landmark climate finance deal for Congo rainforests
Gabon’s government and a coalition of donors have signed an agreement aimed at protecting 34,000 square-kilometres of the country’s Congo Basin rainforests.
14 Nov, 2025
South Sudan confirms it has sought $2.5 billion in oil-backed loans
South Sudan’s petroleum ministry confirmed on Thursday that it had asked for a total of $2.5 billion in oil-backed loans from two international firms operating in the country.
7 Nov, 2025
Kenya opts for power rationing to prevent national grid collapse
President William Ruto said that between 5 pm and 10 pm each day, power supply is intentionally shut off in some areas to prevent a collapse of the national grid.
5 Nov, 2025
Congo Republic in talks for possible debt-for-nature swap
Congo Republic is in talks with European partners for a possible debt-for-nature swap, the country’s finance minister told Reuters on Wednesday.
