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Africa News
CBN pays additional $64mln FX backlog
The Central Bank of Nigeria (CBN) has paid an additional $64.44 million toward the verified foreign exchange…
Zimbabwe faces inflation spike after currency crisis
A currency collapse in Zimbabwe caused a surge in inflation, increasing the prices of goods and services and…
EGYPES: Global energy leaders to address energies of the future on Feb. 19
Egypt Energy Show (EGYPES) is taking place at Egypt International Exhibition Centre (EIEC) on February 19-21, under…
Shell’s exit from Nigeria spotlights risks facing oil sector
Shell’s exit from the onshore oil sector in Nigeria puts the spotlight on the risks oil business face in the…
S. African inflation falls to 5.1% in Dec.
South Africa's annual consumer price inflation pulled back to 5.5 per cent in December, from 5.5 per cent in…
Uganda in talks with UAE’s Alpha MBM over oil refinery project
Uganda is in talks to build a refinery for crude oil, with an investment company led by Sheikh Mohammed bin Maktoum…
Niger fails to pay another bond payment
Niger has failed to pay several bond payments due to the sanctions imposed amid its military coup in July.
Zimbabwe to implement new measures to save currency
Zimbabwe is about to unveil new measures to support its currency amid the decline in both the official and the…
Shell to sell onshore oil business in Nigeria for $1.3bln
Shell Plc agreed to sell its Nigerian onshore oil assets for $1.3 billion to a group of local companies, known as…
AFC, ITFC provide loan to boost Egypt’s economic resilience
Africa Finance Corporation (AFC) is partnering with the International Islamic Trade Finance Corporation (ITFC) to…
