Tag: Business Africa

Nigeria Signs Deal with South Korea to Launch Africa’s First Electric Vehicle Factory

Nigeria has signed a memorandum of understanding (MoU) with South Korea’s Asia Economic Development Committee (AEDC) to establish Africa’s first electric vehicle (EV) manufacturing...

Burkina Faso Hits Record 94 Tonnes of Gold Output as Mining Reforms Gain Traction

Burkina Faso achieved a record 94 tonnes of gold production in 2025, marking the highest annual output in the country’s history. The surge reflects...

US Treasury Has Not Pledged Funds to AfDB’s 2025 ADF Financing Round, Spokesman Says

The U.S. Treasury Department has not pledged funding to the African Development Bank’s (AfDB) 2025 African Development Fund (ADF) replenishment round, a Treasury spokesman...

Morocco’s Energy Ministry Puts Gas Projects on Hold

Morocco’s energy ministry has put planned gas infrastructure projects on hold, suspending a recent tender linked to pipeline development as it reviews its strategy....

Egypt’s Non-Oil Private Sector Output Keeps Growing but Demand Eases, PMI Shows

Egypt’s non-oil private sector recorded a third consecutive month of output growth in January, even as demand conditions weakened, a business survey showed. Data...

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