African countries with most IMF debt

There are 91 countries globally that owe the International Monetary Fund (IMF) money, with Africa’s 47 nations accounting for 52% of the countries in arrears.
14 May, 2025
South African rare blue diamond fetches $21.5m at auction

The Mediterranean Blue, which is a brand-new blue diamond recently mined from the legendary Cullinan mines of South Africa,
14 May, 2025
Sierra Leone’s largest diamond miner shuts down, laying off more than 1,000 workers

Koidu Limited, Sierra Leone’s largest diamond producer, has halted operations and laid off nearly its entire local workforce of more than 1,000 employees.
12 May, 2025
Rebels in DR Congo order gold miner to halt operations in tax dispute

Newly installed M23 governor of the South Kivu Province says Twangiza Mining must adapt to new regulations and pay taxes they have allegedly not been paying.
9 May, 2025

Moody’s says tariffs may hit African banks through China slowdown

Kenya’s finance minister says no new taxes in new financial year

Mass culling of chicken after South African firm abandons farm over feeds bills

South Africa’s new employment racial quotas law faces court challenge

IMF to begin 5th review of Egypt’s economic programme this week
6 May, 2025
South Africa’s Eskom aims for no power cuts for next four months
State utility Eskom says it is optimistic about South Africa’s power outlook, aiming for no electricity cuts in the next four months if breakdowns stay around current levels.

5 May, 2025
Trump hints at extending TikTok sell deadline
The US President says in interview that he would like to see deal done.

3 May, 2025
Somalia–Türkiye hydrocarbon deal a boost to tapping vast resources – minister
Somalia’s petroleum minister says he is optimistic the hydrocarbon partnership will confirm commercially viable reserves in the African country.

3 May, 2025
Musk’s Starlink given green light in DR Congo after earlier ban
The regulatory authority said Starlink’s operation will begin in the coming days, reversing a previous ban after military officials warned it could be used by rebel groups.

1 May, 2025
Innovation takes flight: TEKNOFEST TRNC 2025 lifts off in Turkish Republic of Northern Cyprus
The four-day event takes place at the old Ercan Airport in the capital Lefkosa, under the auspices of the TRNC Presidency, and features a packed schedule of competitions, air shows, exhibitions, and workshops.

30 Apr, 2025
Zambia copper production rises by 30%
Authorities said copper production rose despite electricity shortages after a devastating drought

30 Apr, 2025
Kenya to cap fiscal deficit at 4.5% in FY 2025/26
Kenya will cap its fiscal deficit at 4.5% of GDP in 2025/26, down from 5.1% the previous year, and substantially revise its initial budget of 4.3 trillion Kenyan shillings ($33 billion).

27 Apr, 2025
Zimbabwe in talks with US to lower 18% export tariff
Zimbabwe says it has entered direct talks with the United States to seek a reduction in the 18% tariff imposed on Zimbabwean exports.

26 Apr, 2025
Tanzania lifts ban on imports from South Africa, Malawi for talks
Tanzanian officials say the two countries had reached out separately seeking to resolve the trade dispute through dialogue.

25 Apr, 2025
South Africa’s finance minister refuses to resign after VAT hike reversal
The proposal to raise the VAT by 1 percentage point over two years, which was intended to boost state revenue, met resistance.
