Rising global oil prices are offering a fresh financial reprieve to Algeria, Africa’s largest country by landmass, as crude briefly surged past $100 a barrel amid geopolitical tensions linked to the Iran conflict. Oil prices briefly surged above $100 per barrel, offering Algeria fiscal breathing room amid geopolitical tensions that threaten global energy supplies. The…
Mauritania has secured a $1 billion trade finance framework agreement with the Saudi-based International Islamic Trade Finance Corporation (ITFC) to support key sectors of its economy and strengthen trade capacity over the next five years. Mauritania has signed a $1 billion trade finance agreement with the International Islamic Trade Finance Corporation. The five-year framework will…
Canal+, the French media company that recently acquired MultiChoice, says the high cost of joining the DStv platform is a major reason subscriber growth has slowed across parts of Africa. Canal+ says the high cost of installing DStv equipment is slowing subscriber growth across parts of Africa. Installation in MultiChoice markets costs about €38 compared…
Ghanaian lawmakers are demanding answers from the government following reports that the country may have played a support role in recent U.S.–Nigeria airstrikes targeting Islamic State militants in northern Nigeria. Ghanaian lawmakers are demanding clarification from the government about its potential support role in recent U.S.–Nigeria airstrikes targeting ISIS militants. The U.S. Africa Command conducted…
Dr. Ibiagbani “Ibi” Max-Harry’s journey into science began with a childhood moment that showed her just how big the world could be. Today, her research on pancreatic cells could open new doors for diabetes treatment. Dr. Ibi Max‑Harry was inspired to pursue science by her mother’s academic achievements and her own curiosity about the molecular…
To enhance power generation and satisfy energy requirements, Kenya has launched an energy initiative valued at $2.9 billion. Kenya has launched a $2.9 billion energy initiative to build a 1,200-megawatt gas-fired power plant in Dongo Kundu, Mombasa. The project aims to meet growing electricity demand and is a joint effort between private investors and state-owned…
Bilateral trade between China and Ghana has climbed to a record $14.1 billion, reflecting a surge in economic cooperation and growing diplomatic ties between the two countries. Bilateral trade between China and Ghana has reached a record $14.1 billion, up more than 19% year-on-year. Chinese diplomats say the milestone reflects stronger economic and political cooperation…
Nigeria’s foreign minister has urged major Gulf oil producers to view the West African country as a strategic partner rather than a competitor, arguing that collaboration could help stabilise global energy supply during geopolitical crises. Nigeria is urging Gulf oil producers to partner with it rather than compete as geopolitical tensions threaten global energy supply.…
Fuel prices have risen across Africa in recent weeks, owing primarily to global crude oil volatility amid Middle Eastern tensions. Nigeria, South Africa, Ghana, Egypt, and Somalia have all seen significant price increases, raising concerns about the wider economic and social implications. Fuel prices have sharply increased across many African countries due to global crude…
