Sosthène Nguema Nguema, Minister of Oil and Gas, Gabon has been confirmed as a speaker at the upcoming Libya Energy & Economic Summit 2026 – taking place in Tripoli from January 24-26. The announcement highlights Gabon’s ongoing efforts to attract international investment and advance strategic reforms in its oil and gas sector. Minister Nguema assumed […]

The Central Bank of Egypt (CBE) and African Export – Import Bank (Afreximbank)  yesterday signed a Memorandum of Understanding (MoU) for the establishment of a pan African Gold Bank. This strategic initiative aims to formalise gold value chains, strengthen Central Bank reserves and reduce Africa’s reliance on foreign refining and trading hubs. This landmark MoU […]

South Africans are paying more for electricity, and still not always getting it. With Eskom’s 12.74% tariff hike this year and another 8.76% and 8.83% increase approved for 2026 and 2027, power costs will have surged nearly 80% since 2022. Yet despite rising tariffs, load reduction remains a regular part of daily life for millions […]

The Global Agriculture and Food Security Program (GAFSP) has announced the first allocation from its new private sector financing window to the African Development Bank Group , providing $14 million in de-risking capital that aims to unlock $200 million from the private sector to enhance food security in low-income countries. GAFSP provides financial and technical […]

African Export-import Bank (Afreximbank) in Cairo, Egypt, marked the end of the tenure of Prof. Benedict Okey Oramah as its President and Chairman of the Board of Directors, with a legacy conference where the outgoing President announced that he made the promotion of intra-African trade and investment the arrowhead of the Bank’s strategy when he […]