Nigeria’s Central bank seeks more transparent FX transactions with new access for BDCs
The Central Bank of Nigeria has granted temporary access to the foreign exchange market to Bureau De Change operators in the country from December 19 to January 30, 2025.Employees can…
Egypt to cover 2024/25 financial needs with new $1 billion European Commission loan
The European Commission has agreed to provide Egypt with a €1 billion ($1.04 billion) loan to cover part of its 2024/2025 financial needs.The loan will be released after Cairo fulfils…
Nigeria lifts five-year ban on mining in Zamfara State
The Federal Government of Nigeria has officially lifted the five-year ban on mining activities in Zamfara State.This decision, announced by the Minister of Solid Minerals Development, Dele Alake, is based…
Namibia Allocates 330 MW of Solar Energy Towards Energy Independence
Namibia has announced the allocation of 330 megawatts (MW) of solar photovoltaic (PV) capacity under its 2024 energy strategy. This announcement was made by the Ministry of Mines and Energy…
Demand growth prospects trigger slump in global oil price
Global prices of oil took a major slump today, indicating an anxiety over demand growth prospects in 2025. Brent crude price slid by 41 cents, or 0.56%, to $72.47 per…
Mercuria partners with Zambia to boost copper trading
Mercuria Energy Group has entered a strategic joint venture with Zambia’s Industrial Development Corporation (IDC) to establish a metals trading unit. This partnership underscores a growing trend of commodity houses…
Ethiopia, Ae Group, to boost regional trade with new agreement
Ethiopia today signed a national agreement with AeTrade Group, an African diaspora-led business venture, to establish its East African headquarters in Addis Ababa, Ethiopia.At the signing ceremony, Foreign Minister Mesganu…
Exporters express concern over trade restrictions in Africa
Exporters and stakeholders have expressed concern over the difficult economic conditions in Africa, stating that transportation and regulatory restrictions make exporting to other countries, even though the region is close,…
How to manage inflation and cost of living crisis this festive season
Inflation and the cost of living are crucial economic indicators that can greatly impact an individual's purchasing power, especially during the festive season. As prices of goods and services rise…
ECOWAS intensifies plans for a single currency
The Economic Community of West African States (ECOWAS) has intensified efforts to launch its long-anticipated single currency, the ECO, with a revised rollout date of 2027. This renewed commitment follows…
