Lagos State plans to more than triple its electricity supply to over 3,000 MW by March 2027, up from less than 1,000 MW, to reduce power outages and support round-the-clock economic activity. The ...
Public debt rose from 43.5% of GDP in 2024 to 51.5% in 2025. Domestic borrowing accounted for most of the increase. The budget deficit widened to 8.9% of GDP despite higher government revenue.
U.S. support for Madagascar's rare earth projects reflects growing interest in critical minerals. Madagascar expects mining revenue and jobs while preserving access to the U.S. market. Several ...
Oriole Resources has yet to secure a mining permit for Bibemi despite its mid-2026 target. The planned gold mine requires an initial investment of $60.4 million. Negotiations with Cameroonian ...
Finance Minister Taiwo Oyedele and central bank governor Olayemi Cardoso asked World Bank Group president Ajay Banga in Bangkok on October 12 for wider use of the Bank's guarantees to finance ...
Banque du Caire plans to list 30% of its shares on the Egyptian stock exchange. The stake sale is estimated at $455 million, with Banque Misr set to retain control. The planned listing follows ...
Pakistan is exploring Libyan crude as an alternative to Gulf supply routes. Libya has offered to discuss additional oil allocations for Pakistani buyers. Asian demand for African crude remains ...
The Zambia Revenue Authority will not impose penalties, recover debts or suspend Tax Clearance Certificates over unreconciled historical data during the reconciliation period. The move follows ...
Côte d’Ivoire inaugurated a CFA10 billion ($17 million) oilseed processing plant on October 12, with an annual capacity of 70,000 tonnes of raw materials for shea butter and soybean products. The ...
The President of the Republic of Guinea, His Excellency Mamadi Doumbouya, took part in the inaugural passenger train journey operated by the Compagnie du Transguinéen (CTG) on October 12, alongside ...
DR Congo wants to join FAGACE to help businesses secure loans and finance major projects. The fund provides guarantees that reduce lenders' risks rather than direct loans. Membership would also give ...
China's Sineng Electric has started delivering equipment for Egypt's Nefertiti and Horus battery storage projects, with an initial 1.1 GW of power conversion equipment scheduled for delivery by the ...
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