Eyob Tekalign, State Secretary for Finance, becomes the new Governor of the National Bank of Ethiopia. He inherits a mandate marked by persistent inflation, birr pressures, and unsustainable debt. Tekalign's appointment occurs as Ethiopia navigates an IMF program and crucial debt restructuring. State Secretary for Finance, Eyob Tekalign, has been appointed Governor of the National...

Burkina Faso signs digital economy pact with UAE’s Presight G42 Deal covers AI skills, e-government, infrastructure, and cybersecurity Partnership supports 2025 roadmap, digital inclusion, and governance reforms Burkina Faso has signed a memorandum of understanding with Presight International Services, a subsidiary of the United Arab Emirates-based G42 group, to bolster the...

Angola weighs extending $1B JPMorgan swap deal expiring in 2025 Oil price drop triggered $200M margin call; debt nears 60% GDP IMF urges fiscal discipline as growth slows, deficit widens to 2.8% The Angolan government faces a strategic decision by November on whether to extend its financing deal with U.S. bank JPMorgan, as the country seeks to lower its debt costs and...

ECOWAS holds Banjul workshop to strengthen TVET and youth skills Plans target modern curricula, labor alignment, and regional diplomas Move tackles around 25% youth unemployment, rising demographic pressures The Economic Community of West African States (ECOWAS) held a three-day workshop in Banjul from Sept. 16-18 to boost its members' capacity in the technical and vocational...

Ghana’s public debt drops to 44.9% of GDP by July 2025 Decline beats IMF, Fitch forecasts amid stronger reserves, growth Debt fall follows IMF-backed reforms, creditor deal, and cedi gains Ghana's total public debt fell to 44.9% of GDP by the end of July 2025, according to figures released by the central bank following its 126th Monetary Policy Committee meeting on September...

Nigeria may strip NNPC of oil contract control under new bill Reform aims to boost transparency, end billions in lost revenue Contract role to shift to regulator NUPRC, pending parliamentary approval Nigeria is preparing a major reform that could reshape its oil sector by stripping the state-owned Nigerian National Petroleum Company (NNPC) of its authority over oil contracts and...

DRC raises foreign worker quotas in key sectors up to 6.5% New rules apply by company, not job category, replacing 2005 decree Employers must comply or face fines; exemptions aimed to ease skills gap Just before leaving his post, Ephraim Akwakwa, the former Minister of Employment and Labor, signed a decree on Aug. 5, 2025, that sets new maximum quotas for foreign workers in the Democratic...

NIU Invest raises Critical Metals stake to 69.62% for majority control Molulu mine targets 10,000 tons/month with plans to add concentrator Move aligns with NIU’s global mining expansion amid firm’s high debt Investment firm NIU Invest SE has increased its stake in Critical Metals PLC to 69.62%, according to a statement from the operator of the Molulu copper and cobalt project in the...

Singapore partners with Africa to offset emissions, meet climate goals Six-country deals enable carbon credit trade under Paris Agreement $59M in credits bought; projects include forest restoration, efficiency Facing severe space constraints that limit its ability to generate its own carbon credits, Singapore is turning to partnerships with African nations to advance its carbon neutrality...

South Africa signs agri-cooperation deal with Brazil amid U.S. tariffs Pact aims to boost exports, share expertise, and expand markets U.S. took 66% of SA’s 2024 agri-exports to Americas South Africa is seeking to expand its agricultural markets in Brazil, as the nation looks to diversify its export destinations and mitigate the impact of new U.S. tariffs. John Steenhuisen, South...