U.S. imposes 12.5% tariffs on selected African imports, with strategic exemptions

The United States has introduced new tariffs of up to 12.5% on certain imports from seven African countries as part of President Donald Trump’s new trade policy, while granting exemptions for a range of strategic products.

The measures are part of Washington’s broader effort to reshape trade relations and protect domestic ind...

Ghana advances energy reform plan with $4.4 billion investment pipeline under Mission 300

Ghana is making progress in implementing its National Energy Compact, with 13 of the 16 priority reforms currently on track as the country seeks to strengthen its power sector and accelerate energy access under the Mission 300 initiative backed by the African Development Bank and the World Bank.

The West African nation has developed a $4...

BIDC approves $91.63 million financing for Bauchi road infrastructure projects in Nigeria

The ECOWAS Bank for Investment and Development (BIDC) has signed a $91.63 million financing agreement with Nigeria’s Bauchi State to support the modernization of road infrastructure and the completion of 24 strategic road and bridge projects.

The agreement, signed in Lomé, is aimed at improving transportation networks across...

Ghana's cocoa production expected to fall at least 16% in 2026-27

Ghana, the world's second-largest cocoa producer, expects its cocoa output to decline by at least 16% during the 2026-27 season, raising concerns over global cocoa supplies.

According to the Ghana Cocoa Board (COCOBOD), the projected decline is driven by adverse weather conditions, crop diseases, and aging cocoa plantations, all of which...

Ghana turns to gold purchases to strengthen reserves and support cedi stability

The Ghanaian government has allocated 5 billion cedis (approximately $429 million) in its revised 2026 budget to finance gold purchases through the Ghana Gold Board (GoldBod), as part of efforts to boost foreign exchange reserves and support the stability of the national currency, the cedi.

The initiative aims to expand the state’s...

Ghana completes $3 billion IMF programme with final $371 million disbursement

The International Monetary Fund (IMF) has approved a final disbursement of $371 million to Ghana, bringing the country’s $3 billion support programme launched in May 2023 to a close, while approving a new 36-month Policy Coordination Instrument to support the government’s next phase of economic reforms.

The final payment mark...

🇨🇮 AmCham-CI at the Heart of the Akwaba Africa Diaspora Festival (2ADF-3): Building Bridges for Investment and Trade

Abidjan, July 15, 2026 — Published on Jul 27, 2026

Ghana and Morocco deepen strategic partnership with 11 cooperation agreements

Ghana and Morocco have signed 11 cooperation agreements aimed at expanding economic ties and strengthening collaboration across key sectors, including aviation, customs, education, mining, energy and scientific research.

The agreements mark a new step in the strategic partnership between the two countries, as both governments seek to inc...

Ghana secures $1.7 billion funding for flagship Accra-Kumasi expressway project

Ghana has secured $1.7 billion to finance the construction of the Accra-Kumasi Expressway, one of the country’s largest infrastructure projects under the government’s “Big Push” programme.

The funds have been mobilized to support the development of the 176-kilometre highway, a strategic transport corridor connecti...

Nigeria: Dangote Refinery returns to naira fuel sales amid crude supply challenges

Dangote Petroleum Refinery has resumed selling petrol in Nigerian naira after briefly switching to dollar-based pricing, highlighting ongoing challenges in securing sufficient crude supplies for Africa’s largest refinery.

The refinery returned to naira-denominated fuel sales on July 23, but increased its ex-depot petrol price to 1,...

South Africa targets $91 million in savings through tighter social grant controls

South Africa expects to save around $91 million by strengthening oversight of its social grant system, as the government intensifies efforts to eliminate fraud, duplicate payments and benefits paid to ineligible recipients amid mounting fiscal pressures.

The planned savings, equivalent to approximately 1.5 billion rand, will be achieved...

Nigeria awards 37 oil and gas blocks to 31 companies in 2025 licensing round

ABUJA, Nigeria — Nigeria has awarded 37 oil and gas blocks to 31 companies under its 2025 licensing round, signaling renewed investor interest in Africa's largest oil producer as the government pushes ahead with reforms aimed at revitalizing its upstream energy sector.

The awards conclude an eight-month bidding process organized by...