Egypt has received a USD 1.2 billion disbursement from the International Monetary Fund (IMF) as the fourth tranche of its Extended Fund Facility (EFF) program. This disbursement is part of an USD 8 billion, 46-month EFF arrangement initiated in March 2024, which expanded the original USD 3 billion program approved in late 2022.
Northern Africa

Egypt Gets USD 1.2 Billion Under EFF Facility of IMF

News Desk -
The M23 rebel group has withdrawn from the strategic town of Walikale in the Eastern Democratic Republic of Congo (DRC).   They described the move as a goodwill gesture ahead of planned peace talks with the Congolese government in Doha on April 9.
Central Africa

M23 Withdraws from DRC Town of Walikale as A Strategic Move

News Desk -
Thousands of protesters took to the streets of Bangui, the capital of the Central African Republic (CAR), this week, rallying behind opposition lawmakers to firmly oppose President Faustin-Archange Touadéra’s alleged bid for a third term in office.  Nearly 5,000 demonstrators made their voices heard.
Central Africa

CAR’s Opposition Demonstrates Against President Faustin-Archange Touadéra Seeking Third Term

News Desk -
Global stock markets have continued to decline following China’s retaliation against U.S. import taxes with its tariffs. The major U.S. indexes opened nearly 3% lower, while European markets fell about 4%, with some companies experiencing double-digit declines in share prices. These drops add to significant losses from Thursday as investors reacted to the uncertainty caused by U.S. tariffs, raising concerns that these measures will drive up prices and hinder economic growth both domestically and internationally. South African stocks fell 3.4% in Johannesburg, the biggest one-day drop since April 2022.
Pan Africa

Global Financial Markets in Turmoil: The Impact of Trump’s Escalating Trade...

News Desk -
South African oil company Sasol expects to conclude the USD1 billion (€907.6 million) Production Sharing Agreement (PSA) project for gas and electricity in Mozambique in September, the company’s president Simon Baloy announced.
Southern Africa

Sasol to Conclude PSA for Gas and Electricity in Mozambique

News Desk -
Mozambique plans to increase production of liquefied natural gas (LNG) by 500% in five years, to 20 million tonnes per year (mtpa), according to data from the government’s Five Year Programme 2025 – 2029 (PGQ) accessed by Lusa on Tuesday.
Southern Africa

Mozambique to Up LNG Production

News Desk -
The Mozambican government launched the project to set up an Electronic Government Procurement (e-GP) platform aimed at modernizing government procurement, making it more transparent, efficient, and traceable.
Southern Africa

E-Procurement Project in Mozambique Launched

News Desk -
Mozambique is facing acute dollar shortages, which is grossly affecting its food and oil imports.  It is now taking a more serious toll as companies struggle to source crucial inputs like wheat, according to the Mozambique Bakers Association.
Southern Africa

Mozambique Facing Acute Dollar Shortage

News Desk -
Egypt Receives USD 4.3 Billion Loan Approval from European Union
Northern Africa

Egypt Receives USD 4.3 Billion Loan Approval from European Union

News Desk -
In 2024, Namibia's e-money transactions surged to N$43.7 billion, up from N$37.7 billion in 2023, with transaction numbers rising to 86 million from 72 million. This growth reflects changing consumer habits favoring digital wallets, as highlighted by the Bank of Namibia (BoN).
Southern Africa

Namibia Sees E-Money Transactions Jump to N$43.7 billion

News Desk -
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