Zimbabwe has signed a resource agreement with Australian upstream oil and gas company Invictus Energy for development of the Cabora Bassa gas project in northern Zimbabwe near the Mozambique border, in a move seen as a possible contribution to southern Africa’s energy supply.

Zambia’s small businesses are set for a financing boost after the African Development Bank approved a $20 million Trade Finance Transaction Guarantee for Access Bank Zambia, with the facility expected to unlock up to $240 million in trade over the next five years.

The Mozambican government has announced plans to redirect gas revenues towards rebuilding infrastructure damaged by post-election protests and floods, a move that has drawn criticism from Institute for Security Studies researcher Borges Nhamirre.

African countries must do more to unlock the continent’s vast economic potential

Petra Diamonds said this Friday it was cutting jobs across the group ‌

The African Development Bank (AfDB) and the Africa Social Security Association (ASSA)have signed a letter of intent to strengthen collaboration on Africa’s long-term development financing priorities.