The International Monetary Fund’s executive board approved the sixth and final review of Zambia’s Extended Credit Facility on Tuesday, paving the way for a disbursement of $190 million to the Southern African nation and marking the conclusion of a critical economic stabilization program that helped pull the country back from the brink of financial collapse. […]

Nigeria’s economy is positioning itself for robust expansion in 2026, with growth projections reaching 4.0% according to the Mastercard Economics Institute’s Economic Outlook 2026. This forecast places Africa’s largest economy well ahead of the projected global growth rate of 3.1%, signaling a period of accelerated economic activity driven by a confluence of fiscal reforms, strategic […]

Nigerian President Bola Tinubu has approved targeted, investment-linked incentives to support Shell’s proposed Bonga South West deepwater oil project, following a high-level meeting with Shell’s Global Chief Executive Officer Wael Sawan at the State House in Abuja. The approval marks the latest milestone in Nigeria’s aggressive push to attract foreign investment to its energy sector […]

Ethiopia has qualified for the disbursement of $261 million in financing from the International Monetary Fund following the successful completion of the fourth review of its macroeconomic performance under a four-year $3.4 billion Extended Credit Facility approved in July 2024. The latest tranche brings total IMF disbursements to Ethiopia to approximately $2.18 billion, representing a […]

Egypt has secured crucial development financing from the African Development Bank (AfDB) as the country accelerates its economic reform trajectory. On January 19, 2026, Egypt and the AfDB formalized a $170 million agreement for the second phase of the Private Sector Development and Economic Diversification Support Program (PSD-EDSP), marking a significant milestone in the nation’s […]

Nigeria is positioned for a significant boost in trade and foreign investment following its removal from the European Union’s list of high-risk countries for financial crimes, a development that experts say will strengthen investor confidence and substantially lower the cost of doing business with Europe’s integrated market of over 450 million consumers. The delisting, which […]

Ghana will scrap long-term mining investment stability agreements and approximately double royalties under sweeping reforms as Africa’s top gold producer seeks to capture greater benefits from surging bullion prices that recently reached record highs above $4,600 per ounce. The changes mark a dramatic policy shift for a country that pioneered these preferential agreements in the […]

Angola has successfully negotiated a three-year extension of its innovative debt facility with JPMorgan Chase, while securing an additional $500 million in financing under improved terms that reflect the Southern African nation’s strategic approach to managing its complex debt obligations. The extended agreement, announced by Angola’s finance ministry on Tuesday, January 14, carries an interest […]

Mozambique’s Port of Maputo, the country’s largest maritime gateway, achieved a historic milestone in 2025 by handling a record 32 million metric tons of cargo, marking a 3.4% increase from the previous year’s 30.9 million metric tons and cementing its position as a critical regional logistics hub for Southern Africa. The achievement comes despite significant […]