Economy

Nigeria and the US sign a significant MOU aimed at enhancing trade, investment, and economic cooperation across key sectors, fostering mutual growth.

A Libyan court has sentenced 12 officials for their roles in the deadly dam collapse in Derna, highlighting severe mismanagement and corruption issues.

Nigeria’s Dangote refinery, facing technical issues, is reselling U.S. and Nigerian crude cargoes. The refinery’s operational challenges impact crude prices and market stability.

Ugandan youth protest against corruption, demanding the resignation of Parliament Speaker Anita Among.

South Africa’s ambitious climate pledges are hindered by slow action in transitioning from coal to renewable energy, according to a recent report.

Uganda charges 42 youths after a banned anti-corruption protest in Kampala. They face various offenses and are remanded in custody.

Botswana proposes a new law to increase local ownership in mining by requiring companies to sell a 24% stake to citizens if the government opts out.

Kenyan police fire tear gas to prevent scuffles between protesters and government supporters in Nairobi, as youth-led demonstrations against alleged corruption and misgovernance continue.

MSF reports extreme violence against civilians in Sudan amid ongoing conflict, emphasizing the humanitarian crisis and collapsed health system. 

The dollar eased as Biden ended his re-election bid, impacting markets. China’s yuan weakened after a surprise interest rate cut, affecting the Australian dollar.