Northern Africa
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Morocco Plans First Eurobond Sale to Fund Economic Reforms, World Cup Preparations
Morocco is set to issue euro-denominated bonds on the international market for the first time since 2020, to finance…
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Mauritania Signs $289 Million Energy Projects With AfDB
Mauritania has signed energy projects with the Africa Development Bank (AfDB) totalling $289.5 million. The agreements, signed by Mauritania’s Minister…
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Central Bank of Nigeria Governor Expects Inflation to Moderate and Describes Naira as Undervalued
In his first public comments on the economy since November, Governor Olayemi Cardoso of the Central Bank of Nigeria described…
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Dangote’s Networth Up $2 Billion in January 2024
In the first 17 days of 2024, Aliko Dangote saw a significant rise in his wealth, with an increase of…
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Egypt Pulls Out of GERD Talks, Accuses Ethiopia of intransigence
Egypt has announced its withdrawal from the negotiations on the Grand Ethiopian Renaissance Dam (GERD), a mega hydroelectric project that…
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Afreximbank announces US$500,000 support for earthquake relief in Morocco
African Export-Import Bank (Afreximbank) has today announced a $500,000 donation to provide immediate humanitarian relief to the Kingdom of Morocco…
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Nigeria’s Tony Elumelu-led UBA posts $512 million half year profit
United Bank for Africa Plc (UBA), the prominent pan-African financial services group led by Nigerian tycoon Tony Elumelu, has sent…
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Egyptian Ashraf Sabry takes $1.5 million hit from Fawry stake
Egyptian fintech founder Ashraf Sabry has seen the market value of his stake in Fawry for Banking Technology and Electronic…
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Rwanda, Cameroon announce major changes in military after Gabon Coup
Rwanda and Cameroon announced major changes in their military forces on August 30, 2023 affecting high-ranking military personnel.This happened on…
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Nigeria: Denominating Government Security to the US Dollar
The biggest African economy, Nigeria, has for a long time been operating multiple foreign exchange windows that has overtime led…
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