Central Africa: Central Africa Says Economic Bloc Poorest, Integration Stagnant At 4%

The Central African Economic and Monetary Community, CEMAC, marks its 30th anniversary this week but by some measures has little to celebrate. The bloc says member countries… Read more »

Nigeria: Nigeria's Cryptocurrency Crackdown Will Have Consequences, Experts Say

Economic analysts and crypto enthusiasts are raising concerns following Nigeria's ban on end-to-end transactions -- a type of payment processing -- involving its currency, the… Read more »

Somalia: Turkey, Somalia Announce Agreement to Explore for Oil and Gas

Somalia and Turkey have announced the signing of a deal to explore for oil and gas that further strengthens cooperation between the two countries, according to officials from both… Read more »

Africa: African Seed Trade Members Meet to Boost Seed Adoption, Distribution

More than 350 delegates from governments, research institutions and seed production companies are gathering in Kenya this week to address challenges in getting good-quality seeds… Read more »

Nigeria: Advocacy Groups Call for Halt to Shell's Planned Exit From Nigeria

Advocacy groups are calling on the Dutch oil giant Shell to halt its plans to divest assets from Nigeria's Niger Delta region unless proper cleanup and decommissioning of its… Read more »

Africa: High Cost of Living in Africa Could Cause Unrest - AFDB

The African Development Bank is warning that the rising cost of energy, food and other commodities in several African countries, including Angola, Ethiopia and Kenya, could trigger… Read more »

Congo-Kinshasa: UN Security Council Sanctions 6 Rebel Leaders in Congo

The U.N. Security Council designated six individuals for sanctions Tuesday for their destabilizing activities in Congo, where violence has escalated in the east this year,… Read more »

Nigeria: Newly-Uncovered False Foreign Exchange Claims Could Hurt Nigerian Economy

Nigeria's central bank said this week it uncovered $2.4 billion in false foreign exchange claims after investigating backlogs of $7 billion due to be cleared. Authorities said the… Read more »

Africa: Blinken Wraps Up Four-Nation Africa Tour, Commits to Ongoing Security, Economic Partnership

U.S. Secretary of State Antony Blinken said Thursday the United States will continue intensive engagement with African partners in hopes of resolving the ongoing conflicts in the… Read more »

Africa: Nonprofits Say African Food Producers Enjoying Rising Revenue, Better Farm Supply

Climate change has hit African farmers and food processors hard in recent years, making agriculture and the raw farm products that food companies depend on more unpredictable.… Read more »

Africa: Blinken Expresses U.S. Commitment to Boosting Africa Partnerships

U.S. Secretary of State Antony Blinken said Tuesday the United States is committed to growing its partnerships across the African continent and increasingly sees African countries… Read more »

Ethiopia: White House 'Troubled' By Deal Between Ethiopia and Breakaway Somaliland Region

The White House sees national security concerns in a recent agreement giving Ethiopia leasing rights to the Red Sea coastline in Somalia's breakaway Somaliland region,… Read more »

Uganda: Museveni Slams West After U.S. Removes Uganda From Economic Program

Days after the United States removed Uganda from an economic assistance program due to human rights concerns, Uganda's president harshly criticized the West. Read more »

Zimbabwe: President Hopeful Zimbabwe Economy Will Turn Around in 2024

President Emmerson Mnangagwa has predicted Zimbabwe's moribund economy will turn around this year following the recent discovery of oil and gas near the country's border with… Read more »

Central Africa: Central Africa Blames Fuel Shortage On Supply Disruptions, Smuggling

Central Africa has, for months, been plagued with acute fuel shortages that have stifled regional economic growth, disrupted local businesses, and contributed to rising food prices… Read more »

Africa: Countries Reliant on India's Rice Hit With Skyrocketing Prices

Arnong Mungoei has farmed rice in Thailand's Khon Kaen province for half a century. Read more »

Angola: Angola to Quit OPEC

Angola's minister of oil resources announced Thursday the west African nation has decided to leave the Organization of Petroleum Exporting Countries, OPEC. Read more »

East Africa: Somalia Joins East Africa Trade Bloc

Somalia on Friday formally signed on as the newest member of the East African Community trade bloc at the presidential residence in Kampala, Uganda. Read more »

Africa: U.S. Invests in Africa in Effort to Counter Chinese Influence

The United States has struck hundreds of deals worth $14.2 billion with African nations over the past year as Washington tries to counter growing influence on the continent by… Read more »

Somalia: Somalia Granted $4.5 Billion in Debt Forgiveness

The International Monetary Fund and the World Bank approved $4.5 billion in debt forgiveness for Somalia Wednesday after the Horn of Africa nation completed years of financial… Read more »

Uganda: Rights Group Claims Company Intimidates Communities Along Tanzania-Uganda Oil Pipeline

The French oil company TotalEnergies coerces and intimidates communities affected by the $5 billion East African Crude Oil Pipeline project in Tanzania and Uganda, a human rights… Read more »

Zimbabwe: Govt Says It Has Discovered Gas Deposits

Energy companies have discovered natural gas in northern Zimbabwe, near the country's northern border with Mozambique and Zambia. The Zimbabwean government hopes the discovery, if… Read more »

Angola: Biden Hosts Angola's Leader for Talks of Rail Corridor, Energy Security

U.S. President Joe Biden hosted the president of oil-rich Angola for the first time Thursday, with the leaders focusing on a $1 billion, U.S.-funded rail development that aims to… Read more »

Nigeria: Nigeria Hopeful of Economic Boom Following Investment Deals

Nigerian President Bola Tinubu is welcoming new trade agreements with Germany, including a deal that calls for the West African nation to export liquid natural gas. Read more »

Nigeria: Experts Fear Nigeria's Food Inflation Could Worsen Hunger Crisis

Millions of people in Africa's most populous country, Nigeria, are struggling with economic problems analysts say were caused in part by government reform policies introduced… Read more »