Opposition from top political figures in Libya’s U.N.-backed government in Tripoli to a deal announced Friday to resume the country’s oil production appears to have put the agreement on hold, at least for the moment. The deal between eastern Libyan military commander Khalifa Haftar and the Tripoli government’s deputy prime minister, Ahmed Maitiq, prompted negative […]

Cameroon has blocked cereals exports, including millet and corn, to Nigeria as a food security measure after a production drop.  Authorities blamed the decrease in food production on its northern border on the threat from Boko Haram terrorists. Damian Kinkoh of the food control unit of Cameroon’s Trade Ministry says about 6,000 metric tons of […]

Tax officials in Africa estimate that government revenues will drop between 10 and 30 percent in 2020 as a result of the economic fallout stemming from the coronavirus pandemic. But while businesses in the hospitality, construction and retail sectors have suffered, digital companies have boomed as more people stay home and conduct their activities online. […]

Members of the Economic Community of West African States, or ECOWAS, shut down all their land and air borders with Mali on Wednesday after its president announced his resignation following a military mutiny. ECOWAS said in a statement that it will als…

A Japanese bulk carrier that struck a coral reef last month off the Mauritius coast broke apart Saturday afternoon, the country’s National Crisis Committee said in a statement. Images taken by the Maxar satellite company showed the damage on the Japanese-owned MK Wakashio and the oil spill around the vessel. The ship hit the reef on July […]

South Sudan’s central bank took steps Wednesday to bolster the economy amid the COVID-19 lockdown, but an analyst warned the economy will only improve after the government restores peace and security. The COVID-19 disease is caused by the coronavirus. The central bank lowered interest rates from 13% to 10%  and lowered the cash reserve ratio from 15% […]

The United States and Kenya formally launched negotiations Wednesday on a bilateral trade deal, which the countries hope could be replicated across Africa. “Under President [Donald] Trump’s leadership, we look forward to negotiating and concluding a comprehensive, high-standard agreement with Kenya that can serve as a model for additional agreements across Africa,” said U.S. Ambassador […]

Seven suspects accused of taking just over $132 million from VBS Mutual bank in South Africa have pleaded not guilty to dozens of fraud and theft charges. On Thursday, the court set their individual bail at $5,733. The suspects, including a former VBS executive, where arrested Wednesday during raids in Gauteng and Limpopo provinces. An […]