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Analysts see South Africa’s GDP rising by 0.4% in the second quarter of 2025 after a weak start to the year, but the US trade tariffs, high unemployment, and fragile investor confidence weigh heavily on recovery prospects.
Paul Russo, KCB’s CEO said the bank is weighing an application for exemption from Ethiopia’s foreign ownership rules, which cap overseas stakes at 49%.
The African Development Bank (AfDB) has committed $40 million in blended capital to the Alliance for Green Infrastructure in Africa Project Development Fund (AGIA-PD), securing the fund’s initial close at $118 million.
The government of Libya has set up a special committee to review all oil, gas, and electricity contracts signed over the past five years to ensure they are aligned with national interests.
South Africa’s state owned power company, Eskom, has invited private businesses to buy renewable electricity directly from its energy subsidiary.
Mozambique’s sovereign wealth fund (FSM) received $45.24 million in the first half of 2025 from natural gas exploitation, bringing total deposits to $210 million by June.
Nigeria has taken a giant step to expand its presence in the global clean energy value chain with the commissioning of a 40,000 cubic meters (m³) Liquefied Petroleum Gas (LPG) vessel in Ulsan, South Korea.
Oil major Shell Plc is taking a cautious approach towards fresh oil exploration plans and investment in South African nation, Namibia.
The Africa Finance Corporation (AFC) has revealed that it invested a loan facility of $300 million as part of the construction of Dangote Refinery.
The telco gaint, which operates across 16 African markets and serves over 298 million customers, said Nigeria’s revenue rose by 54.1% to $1.54bn on a constant currency basis, while Ghana advanced 39.9% to $1.13bn.
The advance payment requirement comes alongside sweeping reforms to Ethiopia’s tax framework, following the passing of the Income Tax (Amendment) Proclamation on July 17, 2025.
With large-scale production now underway, Uganda is betting that gold can deliver steady revenues, support industrialisation and secure a stronger foothold in Africa’s mineral economy.
Morocco’s energy ministry is intensifying efforts to attract U.S. investors for its $25 billion gas pipeline project with Nigeria, a landmark initiative aimed at connecting West Africa’s vast gas resources to Morocco and European markets.
Nigeria’s cost-of-living crisis eased further in July 2025, with headline inflation slipping to 21.88% from 22.22% in June, the lowest this year.
South African lender Nedbank is selling its stake in ETI to Bosquet Investments, owned by former Ecobank chairman Alain Nkontchou, in a deal expected to close later this year.
Nigeria has approved $2.61 billion (N4 trillion) to offset electricity sector debt and bring stability to the country’s power generation industry.
Nigeria’s headline inflation is projected to slow for the fourth consecutive month in July 2025, dipping to 21.79% from 22.22% in the previous month, according to Financial Derivatives Company (FDC).
FirstRand Group, Africa’s largest bank by market value, is positioning for entry into Kenya’s banking sector, viewing the country’s rising minimum capital requirements as a gateway for expansion.
A South African court has cancelled an environmental approval granted to TotalEnergies and its joint venture partners to explore for oil off the Cape coast.
Egypt is taking steps to position itself as a regional gold hub, with plans to establish an internationally certified gold refinery and introduce legislation to regulate gold investment funds.
