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 […]

The Government of Ghana has cleared a staggering $1.47 billion in legacy energy sector debts during 2025, representing the most decisive financial intervention in the West African nation’s power sector in nearly a decade and marking a critical turning point for an industry that had been pushed to the brink of collapse by years of […]

Kenya and Ethiopia are poised to serve as the primary engines of Africa’s economic expansion in 2026, driving East Africa to a projected 5.8% growth rate—the highest among all African sub-regions—according to the United Nations’ World Economic Situation and Prospects 2026 report. This performance comes amid a complex landscape of improving macroeconomic stability in several […]

Zimbabwe’s tourism sector, still basking in the glow of being named the world’s best country to visit in 2025 by Forbes magazine, now faces a critical challenge that industry operators warn could undermine years of recovery efforts and damage the nation’s hard-earned reputation among international travelers. The introduction of a 15.5% value-added tax on tourism […]

The United States has significantly expanded its controversial visa bond program, adding Uganda, Nigeria, and 23 other nations to a list that now encompasses 38 countries whose citizens must post security deposits ranging from $5,000 to $15,000 when applying for business or tourist visas. The expansion, announced by the US State Department on Tuesday and […]