Finance

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AU to convene transport, energy ministers in SA to accelerate infrastructure delivery

The African Union (AU) Commission, in partnership with the Government of South Africa (SA), will convene the Fifth Session of the Specialised Technical Committee on Transport and Energy in Johannesburg from April 27 to April 30, 2026.

AfDB approves $3 million grant to boost private sector competitiveness in WAEMU

The African Development Fund has approved a $3 million grant to support a regional project aimed at strengthening private sector competitiveness across the West African Economic and Monetary Union (WAEMU), in a move designed to deepen regional integration and accelerate trade under the African Continental Free Trade Area (AfCFTA).

Trafigura signs $1 billion oil prepayment deal with Gabon

Commodities trader Trafigura said on Wednesday it had signed a $1 billion prepayment agreement with Gabon, under which it will receive crude oil deliveries over a seven‑year period.

IMF warns Middle East war shock could push global debt towards crisis levels

The war in the Middle East is adding fresh strain to government budgets at a time when public finances are already weakened by years of overlapping shocks, the International Monetary Fund (IMF) has warned in its latest Fiscal Monitor.