Zimbabwe’s inflation set to drop amid stable currency and gold boom
Zimbabwe’s annual inflation rate could halve from current levels by the end of 2025, driven by a stable local currency supported by high gold prices, according to a report by the Confederation of Zimbabwe Industries released on Monday.
3 Nov, 2025
Nigeria’s Dangote refinery ramps up output on back of new fuel import duty
Nigeria’s Dangote Petroleum Refinery, Africa’s largest oil refinery, is ramping up output to meet national petrol and diesel demand, the company says, after the government approved a new import tariff on fuel aimed at protecting domestic output.
2 Nov, 2025
Luanda Summit generates over $44 billion for Africa’s infrastructure drive
Continental leaders and financiers unveiled US$44 billion in new opportunities aimed at boosting self-funded development and regional integration.
31 Oct, 2025
Morocco plans coal power phase-out by 2040
Morocco plans to abandon coal power entirely by 2040 if it secures international climate finance, the Powering Past Coal Alliance (PPCA) said on Thursday.
23 Oct, 2025
Gold prices fall nearly 8% from a record high on Monday
Senegal debt servicing projections for years ahead rise sharply
Mauritania seeks to deepen trade ties with Türkiye
Egypt’s economy seen growing 4.6% in 2025/26 as inflation eases
Chinese firm rushes to extract over 60,000 metric tonnes of lithium ahead of Zimbabwe ban
16 Oct, 2025
Food giant Nestle to sack 16,000 workers worldwide
Job-cutting plan expected to save company $1.25 billion annually until end-2027
14 Oct, 2025
Libya central bank authorises printing of dinars worth $11 billion
Libya’s central bank said on Tuesday it had authorised the printing of 60 billion Libyan dinars ($11 billion) to ensure cash liquidity was available “in a balanced and stable manner.”
14 Oct, 2025
Ethiopia’s debt restructuring hits impasse
Ethiopia says debt restructuring negotiations with its bondholders have failed to produce a deal due to ongoing differences over the terms.
14 Oct, 2025
Djibouti PM holds talks with Bangladesh leader Yunus on cooperation
The two leaders explored avenues for cooperation, including boosting trade and investment and sharing expertise.
14 Oct, 2025
Algeria and Saudi firm sign deal to start oil and gas exploration
The 30-year contract, with an option to extend for another 10 years, includes a seven-year exploration phase fully funded by Midad.
14 Oct, 2025
Kenya parliament passes crypto asset law to boost investments
Kenyan lawmakers have passed a bill to regulate digital assets like cryptocurrencies, a senior parliamentarian said on Monday.
12 Sep, 2025
South Africa mulls ‘punitive’ action on municipalities over mounting water debt
South Africa has long had challenges with water distribution, mainly due to old or damaged infrastructure.
12 Sep, 2025
Namibia to boost sulphuric acid production as critical mineral output rises
Namibia is set to increase its sulphuric acid production in response to rising critical mineral output, several mineral companies said on Thursday.
11 Sep, 2025
Ghana’s public debt expected to fall to 60% of GDP from 82% in 2022
Ghana’s macroeconomic situation is improving, with growth outperforming expectations and authorities making headway on debt, the IMF said on Thursday.
11 Sep, 2025
Uganda raises growth expectations over five years boosted by oil
Uganda expects to start crude oil production around mid-2026 and will prioritise investments in oil and gas, transport infrastructure, electricity and industrial parks.
