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AfricaEconomy

Egypt announces new natural gas field discovery

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Egypt has announced a significant new natural gas field discovery in its Western Desert, offering a much-needed boost to the country’s energy sector at a time of economic strain and rising domestic demand. According to the Ministry of Petroleum and Mineral Resources, the find was made at the BED 15-31 well, located in the Badr-15 concession, roughly 300 kilometres west of Cairo. The discovery…
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AfricaEconomy

Major Cocoa Producer Hikes Purchase Prices to Support Farmers

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Ghana, the world’s second-largest cocoa producer, has announced a significant increase in the price paid to cocoa farmers—marking one of the most generous hikes in the country’s history. Effective August 2025, the Ghana Cocoa Board (COCOBOD) raised the producer price by 62.6%, from $3,100 to $5,040 per tonne. This move is part of President John Mahama’s broader agenda to ensure farmers…
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AfricaEconomyPolitics

Fuel price hike sparks deadly unrest in Angola

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In July 2025, Angola was rocked by deadly unrest after the government raised diesel prices by roughly 33 percent—part of a broader plan to eliminate costly fuel subsidies and stabilize public finances. What began as protests in the capital, Luanda, over skyrocketing transport fares quickly spiraled into violence affecting multiple provinces and claiming at least 22 lives. 🔥 Fuel…
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AfricaEconomy

Ford recalls more vehicles in Africa over safety fears

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Ford has recently expanded its vehicle recall campaign in Africa due to escalating safety concerns across several popular models. This latest recall, affecting thousands of units sold in South Africa and neighboring countries, highlights deeper issues related to mechanical reliability, quality control, and consumer safety in emerging markets. At the heart of the recall are specific mechanical…
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AfricaEconomyPolitics

G20 chair calls for urgent global action on Africa’s debt crisis

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As G20 president, South Africa is leveraging its leadership to spotlight Africa’s escalating debt emergency. At the G20 Finance Ministers’ meeting in Cape Town and in subsequent forums, like the International Financial Architecture Working Group, both President Cyril Ramaphosa and Deputy Finance Minister David Masondo underscored the continent’s dire fiscal situation, urging immediate…
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AfricaEconomyPolitics

South Africa hits out at new Trump tariffs

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On July 7, 2025, the U.S. notified 14 countries—including South Africa—of planned 30% “reciprocal” tariffs on a wide range of imports, set to take effect August 1, unless bilateral deals are reached. President Cyril Ramaphosa slammed the move, calling it based on a “contested interpretation” of trade data, noting that 77% of U.S. goods enter South Africa duty-free and the average…
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AfricaEconomyPolitics

Niger to nationalize uranium mine operated by French state-affiliated firm

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On June 19, 2025, Niger’s military-led government announced it would nationalize the Somair uranium mine, previously operated by French state-backed company Orano. The decision, broadcast on national television, transferred Orano’s 63% stake in the mine to the Nigerien state. Officials cited the expiration of agreements in December 2023 and accused Orano of “irresponsible and illegal…
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