Africa's economic struggles persist despite efforts to attract foreign investment, largely due to weak corporate governance in the public sector. Unlike private businesses, where accountability drives performance, many African governments lack mechanisms for strategy, risk management, and transparency. Public offices are often seen as tools f...

 Libya is set to launch its first oil and gas bidding round in 17 years, a strategic move aimed at revitalizing its energy sector and attracting crucial foreign investment. Khalifa Abdulsadek, the country's acting oil minister, announced during the Libya Energy and Economy Summit that substantial investments of $3 to $4 billion are required to...

The International Monetary Fund (IMF) has completed the second review of Ethiopia's $3.4 billion financing program, granting a $250 million disbursement. This four-year program, launched in July 2023, was established in response to Ethiopia's major economic reforms, most notably the floating of its birr currency as part of efforts to tackle debt re...

 The Democratic Republic of Congo (DRC) is actively seeking investment from Saudi Arabia in its mining sector to reduce its heavy dependence on Chinese companies. Currently, Chinese firms dominate approximately 80% of the mining operations in Congo, presenting significant economic risks due to the reliance on a single international partner. Ma...

 He is among the first major international leaders to visit Lebanon's new president. Emmanuel Macron's twelve-hour visit comes just eight days after the presidential election that saw Aoun fill a position left vacant for over two years as a result of political power struggles and divisions.The French presidency stated that it would support Aou...

 A suspected outbreak of the Marburg virus in Tanzania has killed at least eight people, the World Health Organization (WHO) says. In a statement on Tuesday, the global health agency said a total of nine suspected cases of the high-fatality disease had been reported in two districts of the Kagera region in the country's northwest. "We would ex...

 John Mahama, Ghana's newly elected president, has taken bold steps to address the country's ongoing economic crisis by dissolving seven government ministries. This decisive action is aimed at streamlining governance and adhering to fiscal discipline requirements tied to a $3 billion bailout agreement with the International Monetary Fund (IMF)...

 Ethiopia and Somalia have restored full diplomatic relations following Somali President Hassan Sheikh Mohamud's visit to Addis Ababa, where he met Ethiopian Prime Minister Abiy Ahmed. After their meeting, the leaders emphasized the importance of mutual trust and cooperation for regional stability and committed to strengthening ties through fu...

 The world has just experienced the first full year in which global temperatures exceeded 1.5C above pre-industrial times, scientists have said. The milestone was confirmed by the European Union's Copernicus Climate Change Service (C3S) on Friday, which said the climate crisis is pushing the planet's temperature to levels never before experien...

 The shares of Kenya Airways, the national carrier of the East African Republic, have resumed trading on the Nairobi Securities Exchange (NSE) after nearly a five-year suspension. NSE lifted the suspension following a significant improvement in the airline's financial situation and the government's decision to abandon plans for re-nationalizin...

 Ethiopia inaugurated its securities exchange on Friday, marking a significant step in Prime Minister Abiy Ahmed's efforts to liberalize the nation's heavily regulated economy and attract private investment. Upto now, only Wegagen Bank was listed on the Ethiopian Securities Exchange (ESX), but Tilahun Kassahun, the exchange's CEO, anticipates ...

Driven by rapid urbanization, increasing infrastructure development projects, and rising construction activity, Africa's cement market is surging. The boom is also resetting the continent's cement production landscape with the entry of new players. Facing a stagnant property market which has affected prices, and stringent environmental regulations ...

A team of medical experts from China has officially launched a free cataract surgery program at Tirunesh Beijing Hospital in Addis Ababa, Ethiopia's capital. The initiative known as the China-Ethiopia Brightness Journey features a dedicated Chinese medical team made up of 10 experienced ophthalmologists and nurses. They are on a mission to perform ...

 Nigeria will establish a National Credit Guarantee Company in May 2025 to improve access to credit for businesses and individuals, President Bola Tinubu announced on Wednesday. The initiative, part of Tinubu's economic reform agenda, aims to bolster financial inclusion and stimulate economic growth by expanding risk-sharing instruments for fi...

An exhibition in Morocco is showing art inspired by the Moroccan city of Tangiers, its port, its mosques and its old markets. The show highlights the work of foreign artists who were charmed by the city in the 19th and early 20th centuries. The work captures the "the strong relationship between Tangiers and the visual arts," said Majda Amellal, cur...

Mohamed Eissa is one of dozens of farmers in Egypt who have recently brought in biogas production units. The initiative of a Cairo-based bioenergy company, the units turn manure into cooking fuel and organic fertilisers. The unit has also slashed living costs for the 43 year old farmer, who lives in Egypt's southern province of Beni Suef. "The [Bio...

 The top electoral court in Mozambique has largely upheld the results of the country's disputed October elections, re-affirming the governing Frelimo party's decades-long hold on power, and leading to fears of more violence in a country already rocked by weeks of deadly protests. In a ruling on Monday, judges of the Constitutional Council name...

 Egypt's foreign minister discussed Red Sea and developments in Somaliland with his Somali counterpart on Monday during bilateral talks in Cairo. The meeting happened around a month after Ethiopia and Somalia agreed to hold "technical talks" to resolve a dispute sparked by Ethiopia's deal with Somalia's breakaway region of Somaliland. Somali F...

The winter solstice is a special day at the Ancient Egyptian temple complex at Luxor on the Nile River. On the northern hemisphere's shortest day of the year, the first rays of sunlight in the early morning align perfectly with the main axis of the city's Temple of Amun-Re. As the sun bathes the temple, it enters the Holy of Holies which houses a s...

 West Africa's regional bloc ECOWAS approved Sunday an exit timeline for three coup-hit nations after a nearly yearlong process of mediation to avert the unprecedented disintegration of the grouping. In a first in the 15-nation bloc's nearly 50 years of existence, the military juntas of Niger, Mali and Burkina Faso announced in January that th...