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The South African Reserve Bank kept the repo rate at 7.0% on July 23, 2026, after a 4–2 vote amid inflation and economic concerns.

The South African Reserve Bank held its key interest rate at 7%, surprising markets expecting a hike amid inflation and oil price concerns.

The African Atlantic Gas Pipeline project advanced, aiming to deliver 30 bcm of gas annually from Nigeria to Morocco and Europe across 16 countries.

SAFTU and Cry of the Xcluded rejected the World Bank's $1.5 billion loan to South Africa, calling it a "dangerous Trojan Horse package."

The Democratic Republic of Congo shipped its first lithium exports to China from the Manono project in June 2026.

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.