Weak state-owned enterprises and rising costs hinder Africa’s economic growth — IMF
The International Monetary Fund (IMF) has cautioned that countries in Sub-Saharan Africa, including Ghana, need to speed up private sector-driven […]
Uganda’s central bank begins local gold purchases to boost reserve diversification
Uganda’s central bank has started buying gold from local producers as part of a long-anticipated plan to include bullion in
Nigeria spends close to $5bn on U.S. crude even as it exports oil globally
Between January 2024 and January 2026, Nigeria brought in about 61.7 million barrels of crude oil from the United States,
Dangote refinery eyes $11.5bn chemicals market amid import shortfall
Aliko Dangote is accelerating his expansion into petrochemicals, scaling up refinery capabilities to manufacture essential inputs for detergents and cleaning
UK-based firm plans gold exports from eastern DR Congo despite disruptions
A social enterprise headquartered in the UK is moving forward with plans to ship gold from the eastern Democratic Republic
Israel faces criticism over appointment of ambassador to Somaliland
A group of 12 Muslim-majority countries has strongly criticised Israel over its decision to appoint a diplomatic representative to the
Mozambique turns to China to drive industrial growth
Mozambique’s President Daniel Chapo is increasingly leaning on China’s industrial and manufacturing expertise to speed up infrastructure expansion and support
Government justifies export ban, consults stakeholders to expand local processing capacity
Ghana’s Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, has reiterated government’s resolve to strengthen domestic manufacturing through measures such
Car imports in Nigeria face pressure as new levies target big-engine vehicles
Nigeria is intensifying efforts to promote cleaner transportation and strengthen fiscal reforms through a new levy on imported vehicles with
Strait of Hormuz tensions rise as Iran refuses talks
Operations through the Strait of Hormuz were still suspended on Monday as tensions between Washington and Tehran continued to intensify.