US President Donald Trump will hold the inaugural African Leaders’ Summit of his second term next week in Washington, D.C., marking a watershed moment in his administration’s relationship with the continent. US President Donald Trump is hosting an African Leaders’ Summit in Washington, D.C., to enhance relations with African nations. Presidents from Gabon, Guinea-Bissau, Liberia,…
Ethiopia has reignited plans to construct what could become the tallest skyscraper in sub-Saharan Africa, marking a bold signal of the country’s long-term vision for economic transformation and urban modernization. Ethiopia plans to construct the tallest skyscraper in sub-Saharan Africa, the $445 million EEP tower. The 62-storey building will be located in Addis Ababa’s Kirkos…
Africa is losing an estimated US$88.6 billion annually to illicit financial flows, according to a recent report by Ghana’s Financial Intelligence Centre (FIC). Africa loses an estimated $88.6 billion annually to illicit financial flows, impacting economic development. Ghana achieved 42 convictions for money laundering-related offences in 2023, reflecting progress in combating these issues. Efforts include…
French uranium miner Orano has warned that its majority-owned joint venture in Niger is nearing bankruptcy. French uranium miner Orano highlights SOMAIR’s financial distress due to Niger’s export restrictions post-military coup. Niger, producing 4% of global uranium, crucially supplies Orano but now faces political change affecting mining operations. In December, Orano lost operational control of…
Ghana’s inflation rate has continued to fall, reaching its lowest level since 2021, indicating that the West African country’s economic recovery may be gaining momentum. Ghana’s inflation rate dropped to 13.7% in June, marking its lowest level in over four years. Food inflation decreased substantially from 22.8% in May to 16.3% in June, with non-food…
The Executive Board of the International Monetary Fund (IMF) is expected to consider the fourth review of Ghana’s $3 billion Extended Credit Facility (ECF) programme on Monday, 7 July 2025, in Washington, D.C., USA. The IMF Executive Board will review Ghana’s $3 billion ECF programme in Washington, DC on July 7, 2025. Ghana has met…
The Bank of Ghana (BoG) has disbursed $20 million to ten Bulk Oil Distribution Companies (BDCs) as part of its latest foreign exchange (FX) forward auction, reinforcing the central bank’s efforts to stabilise the Ghanaian cedi and ensure consistent fuel availability. The Bank of Ghana has allocated $20 million to Bulk Oil Distribution Companies in…
Chevron Corp. and TotalEnergies SE are among 37 global energy firms vying for exploration rights in Libya’s first energy tender as the North African nation seeks to restore its battered oil sector and attract foreign investment. Chevron Corp. and TotalEnergies SE are among 37 firms competing for Libya’s energy exploration rights. Libya seeks to rejuvenate…
A helicopter belonging to the Ugandan military has crashed at the international airport in Mogadishu, Somalia’s capital. A Ugandan military helicopter crashed at Aden Adde International Airport in Mogadishu, Somalia. Emergency services quickly extinguished a fire that erupted after the crash. Ugandan forces are supporting Somalia in combating the al-Shabaab insurgency alongside African Union peacekeepers.…
