Libya, Somalia sign MoU to boost investment and education
Libya and Somalia have signed several Memoranda of Understanding (MoUs) focusing on cooperation in investment, education, and training. The agreements were formalized during discussions in Tripoli between Mohamed Younes El-Menfi,…
Morocco and Brazil forge alliance for innovative Agriculture and Food Security
Morocco's Mohammed VI Polytechnic University (UM6P), OCP Group subsidiaries—OCP Fertilizantes and OCP Nutricrops—and Brazil's Agricultural Research Corporation (Embrapa) have entered into an agreement to advance sustainable agriculture.The agreement aims to…
South Africa to penalise Google and Meta for anti competitive practice
Google may be obligated to pay as much as 500 million rand ($27.29 million) annually in compensation to South African media organisations following a ruling by the country's competition authority,…
Congo to address cobalt supply glut with temporary ban
The Democratic Republic of Congo (DRC), the world’s leading cobalt producer, has temporarily suspended cobalt exports for at least four months in response to an oversupply in the market, reported…
Ethiopia’s Central Bank to hold new bond auction
The National Bank of Ethiopia (NBE) is set to hold a special foreign exchange auction on February 25th, 2025. The auction is USD 60 million and is open for participation…
Nigeria expects more oil FIDs in 2025 – Verheijen
Nigeria is poised to bolster its oil and gas sector with several Final Investment Decisions (FIDs) anticipated in 2025, signaling renewed investor confidence. Olu Verheijen, Special Adviser on Energy to…
Tunisia cuts ties with IMF over claims of meddling
Tunisia has decided to cut off all contact with the International Monetary Fund (IMF) in light of President Kais Saied's claims that the IMF is overreaching and meddling in the…
Nigeria to raise N350 billion from new bond auction
The Federal Government of Nigeria (FGN), through the Debt Management Office (DMO), has announced a new bond auction targeted at raising 350 billion nairaThis figure is lower than the N450…
Kenya closes first domestic bond buyback
The debut domestic bond buyback by the Central Bank of Kenya (CBK) has met its target, buying back bonds worth KSh 50.09 billion against a targeted KSh 50 billion.The CBK…
Kenya coffee earnings soar as tea export dip
Kenya’s tea export earnings plunged 20% in December 2024 while coffee revenues soared, underscoring the divergent paths of two of the nation’s key cash crops amid shifting global market dynamics.Despite…
