Zambia’s state utility Zesco seeks urgent power imports to combat an impending energy deficit, crucial for sustaining its major copper mining operations.
Ikeoluwa Ogungbangbe
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The UN has called for an investigation into the death of Siraj Dughman, an activist who died in custody under suspicious circumstances in Libya.
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Zimbabwe’s introduction of the new ZiG currency delays its anticipated IMF programme, aiming for stabilization before re-engaging with global financial institutions.
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South Africa’s Finance Minister rules out using contingency reserves to bailout struggling state firms Eskom and Transnet, focusing instead on national debt reduction.
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Nigeria secures a crucial gas supply deal with Shell for the upcoming $3.8 billion Brass methanol project, aiming to enhance its energy sector and economic growth.
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Zimbabwe commits to economic stability by ensuring new ZiG currency notes are only printed when backed by sufficient gold and foreign currency reserves.
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As cocoa prices hit $10,000 per ton, West African farmers are rapidly switching crops to capitalize on the global chocolate crisis, affecting prices worldwide.
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Ghana’s negotiations to restructure $13 billion in international bonds falter as IMF deems proposed terms inadequate for long-term debt sustainability.
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Acre Impact Capital secures $100 million to finance climate-aligned infrastructure projects in Africa, targeting renewable energy, health, and water systems development.
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OPEC explores Namibia’s oil potential, aiming for strategic cooperation.