Nigeria finance minister says developing countries paying $500b more to refinance debt
Nigeria’s Finance Minister Taiwo Oyedele said on Tuesday that developing countries are paying $500 billion more than they should to refinance debt.
14 Oct, 2026
Tanzania closing in on bid to become East Africa’s energy hub with $42bn deal
Finance Minister Khamis Mussa Omar says the $42 billion gas deal is “almost there” as the country aims to roughly double its power generation capacity.
13 Oct, 2026
Dangote refinery: Africa’s largest IPO to be extended by 10 days
The IPO has been extended by 10 days to allow investors from other African countries to participate, a company executive and adviser said.
12 Oct, 2026
Zambia and Ethiopia to register reduced debt in coming months: credit rating agency Moody’s
Moody’s has raised its outlook for Sub-Saharan African countries to positive, saying reforms had helped them weather inflationary pressures, while strong commodity prices and easier access to financing had improved their fiscal positions.
11 Oct, 2026
Nigeria to offer 30-day petrol discount, proposes price cap
Africa launches own credit agency in bid for cheaper borrowing
Zambia, Nigeria, Ethiopia, Angola are better managed economically, World Bank says
African leaders gather in Egypt for trade forum
Nigeria’s domestic gas supply surpasses 2 billion cubic feet per day, eyes further growth
1 Oct, 2026
EU suspends aid to Sierra Leone over allegations of shielding Dutch drug trafficker
Sierra Leone’s government earlier said it had not received any formal communication from any state or institution regarding Leijdekkers.
30 Sep, 2026
What will Nigeria do with fresh $1.5 billion World Bank loan?
The Nigerian government has consistently defended its borrowing, saying the money is necessary for infrastructure.
29 Sep, 2026
More than 20 African leaders expected to attend Egypt business summit
African leaders will meet in Egypt on Friday for a business summit, with plans indicating that more than 20 heads of state and government would attend.
28 Sep, 2026
South African rand slips as US-Iran stalemate pushes oil prices higher
The South African rand slipped half a percent in early trade on Monday as the US-Iran standoff continued to drive oil prices higher.
26 Sep, 2026
Botswana’s financial rating downgraded amid diamond slump
Ratings agency Moody’s on Friday downgraded Botswana’s domestic-and foreign-currency long-term issuer ratings to “Baa2” from “Baa1.”
25 Sep, 2026
Qatar Airways lends pilots to Rwandan flag carrier as Iran war drags
A Qatar Airways spokesperson said the voluntary short-term secondment opportunity offered valuable flying opportunities for pilots.
25 Sep, 2026
Ethiopia, Djibouti and Dangote launch petroleum pipeline, storage
The 120-kilometre pipeline will connect Djibouti’s Damerjog port to Ethiopia, cutting fuel transport times and strengthening one of East Africa’s most important trade corridors.
22 Sep, 2026
Nigeria cuts interest rate by largest margin in nearly two decades
The Central Bank of Nigeria’s governor Olayemi Cardoso said the base rate of interest was now 23 percent, down from 26.5 percent previously.
18 Sep, 2026
‘Our refinery’: Africa’s biggest IPO prompts meme frenzy in Nigeria
Investors joke how owning a stake at Dangote refinery had made them co-owners, board members and business partners of Aliko Dangote himself.
17 Sep, 2026
Gambian businesses groan under prolonged blackouts
The outages which have sometimes lasted 12 to 48 hours have plunged those living in the deeply impoverished country into steaming darkness at night.
