Economy

Ghana and IMF reach an agreement on the third review of the $3 billion loan program, advancing the nation’s debt-restructuring efforts and opening access to $360 million in funding.  

At least 78 people have drowned after a boat carrying 278 passengers capsized in Lake Kivu, Democratic Republic of Congo, amid calm waters. Survivors recount their ordeal as rescue operations …

The UK has transferred sovereignty of the Chagos Islands to Mauritius while retaining control of Diego Garcia, securing US military presence for 99 years.

Gilead Sciences donates 5,000 remdesivir vials for emergency use amid the Marburg virus outbreak in Rwanda, as the country plans clinical trials for new treatments.  

Uganda is planning a major hydropower expansion to meet rising electricity demand, aiming to add over 1,600 megawatts of capacity through new projects on the Nile River.

Egypt’s General Authority for Supply Commodities secures one of its largest direct wheat supply deals, ensuring stable deliveries from November to April.

TotalEnergies CEO Patrick Pouyanne will meet with Mozambique’s president to discuss the $20 billion LNG project, as financing approvals and security progress advance.

Ethiopia has progressed with its long-delayed debt restructuring efforts, marked by IMF negotiations, currency reforms, and an agreement with official creditors

New research shows that an enlarged brain network linked to attention may signal early depression, offering hope for better diagnosis and treatment options, especially in Africa.

Ivory Coast’s ruling party pushes President Ouattara to seek a fourth term in 2025, aiming for continued leadership amid political uncertainty.