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 […]