Perseus plans to produce between 2.6 and 2.7 million ounces of gold from 2026 to 2030 About $878 million will be invested, including $523 million for the Nyanzaga mine in Tanzania Output includes ...

Petronas to lay off 5,000 staff as part of a major restructuring for future competitiveness African operations not directly addressed, but changes could affect partnerships and timelines Company ...

Benin launches $1.4 billion five-year tourism development plan • Target: 2 million annual visitors and 13.4% GDP share from tourism by 2030 • Strategy includes infrastructure, visa reforms, and ...

Ethiopian Airlines and Etihad form partnership linking Africa with Asia and Australia • Direct flights between Addis Ababa and Abu Dhabi begin July 15 and October 8 • Agreement supports Ethiopian's ...

Ghana reduces 2024/2025 cocoa forecast to a maximum of 600,000 tons • Structural issues continue to affect output, including disease and climate change • Global cocoa prices remain under pressure, ...

Diamond sales drop 50%, pushing Botswana into fiscal and employment strain • Debswana to cut 1,000 jobs as government and De Beers launch talent programs • IMF forecasts -0.4% GDP growth in 2025, ...

CBK reduces prime rate to 9.75% following easing inflation and stable exchange rates • May 2025 inflation falls to 3.8%, below the 5% midpoint target • Rate cut aims to boost private sector lending ...

Nigeria’s $5 billion loan from Saudi Aramco stalls due to falling oil prices • Deal tied to 100,000 barrels per day faces risk amid production constraints • Lenders demand stronger guarantees; Nigeria ...

Zimbabwe will halt lithium concentrate exports in 2027 to boost local processing • Chinese firms are building two lithium sulfate plants to support this shift • Value-added products like lithium ...

Direct tariff impacts on African exports to the U.S. are expected to stay limited • Key risk lies in falling demand from China, which could lower global commodity prices • More than half of African ...

Nigeria posted Sub-Saharan Africa’s largest net cereal deficit in 2023 at $2 billion • Wheat and rice imports remain high despite local maize self-sufficiency • South Africa reported a net cereal ...

World Bank approves $350 million loan to upgrade rail transport in Greater Casablanca • Project will modernize 73 km of rail lines, benefiting over 560,000 people by 2031 • Investment supports Morocco ...