Vaughn Hillyard 918 posts 0 comments

AngloGold Ashanti assumed direct control of Ghana's Iduapriem gold mine after a $66.5 million deal with Perenti ended their contract mining arrangement.

Africa is set to play a central role in the future global economy, driven by financial reforms, regional integration, and curbing illicit flows, says AfDB.

The Central Bank of Nigeria rejected 60% of bids at its 364-day Treasury bill auction, setting the stop rate at 17.66% to manage liquidity.

Galp plans new upstream oil investments in Angola in partnership with Sonangol, which continues to pursue its IPO as of June 2024.

Nigeria’s foreign reserves reached $51.86 billion in July 2026, the highest in over 17 years, boosted by a $5.96 billion increase in H1 2026.

Nigeria's consumer inflation rate remained steady at 15.91% year-on-year in June 2026, with a slight monthly slowdown to 1.66%.

The IMF projects Ethiopia’s foreign exchange reserves will reach $6 billion by 2026 due to reforms, gold exports, and external financing.

Renaissance Africa Energy discovered high-quality light oil in Nigeria's JK-004 well, boosting hydrocarbon resources post-Shell asset acquisition.

The China–South Africa textile trade show opened July 14 in Cape Town, connecting African manufacturers with international suppliers through July 16.

Afreximbank and IBDL Learning Group partner to launch trade certification programs supporting AfCFTA implementation across Africa.