Nigeria removes FX limits, granting oil companies full access to export earnings.
Nigeria’s central bank has eliminated a regulation that forced international oil companies to retain a portion of their export earnings
Economy
Senegal uses swap arrangements to secure cheaper cash as debt fears return.
Senegal has justified its reliance on sophisticated financial arrangements to access cheaper funding, following scrutiny over transactions that enabled it
Middle East conflict boosts demand for Nigeria’s LNG exports.
Nigeria is seeing increased interest in its liquefied natural gas (LNG) shipments as supply disruptions linked to the Middle East
Glencore faces shutdown risk, plans 1,000+ layoffs as South Africa power woes deepen.
Glencore’s ferrochrome business in South Africa is under pressure, with the firm warning it could pull out of ongoing discussions
Finance Minister hosts first investor town hall since 2021, indicating a strong economic rebound.
Ghana’s Ministry of Finance has organised its first investor town hall meeting since 2021, bringing together investors, bankers, and bond
Uganda’s goods exports reach $1.45 billion amid a record surge in gold production.
In the last fiscal year, Uganda saw a notable increase in the value of its merchandise exports compared with the
Kenya intensifies its nuclear energy plans to strengthen electricity supply.
Since 2023, Kenya has formally proposed incorporating nuclear energy into its national electricity grid to meet growing power demands. Recently,
Africa’s third-biggest oil exporter plans to sell $2.5 billion in Eurobonds amid rising oil prices.
Angola plans to generate $2.5 billion by issuing dollar-denominated bonds, banking on increased oil prices linked to the ongoing Iran–Israel
Egypt discovers a new energy resource in its desert region.
A new natural gas discovery has been made in Egypt’s Western Desert through a collaboration with U.S.-based Apache Corporation. The
Food security concerns mount as Iran war hurts fertilizer trade
Rising costs of agricultural fertilizers, triggered by ongoing tensions in the Middle East, are threatening Africa’s fragile food security. The