Africa ETP News
you are currently viewing::Africa: Nigeria and South Africa Plan to Boost Fossil Fuel Production, Risking Their Climate Change PledgesJanuary 11, 2026--Just 20 countries produce 80% of the world's oil, gas and coal. Since 2019, researchers have released regular reports analysing how these governments plan to continue drilling and mining for fossil fuels -and how those plans diverge from the global climate goal set out in the Paris Agreement, which aims to limit temperature rise to less than 1.5° above pre-industrial levels. The 2025 Production Gap Report found that many of these countries still plan to produce far more fossil fuels by 2030 than is safe for the climate. Scientists Emily Ghosh, Derik Broekhoff, Bathandwa Vazi and Olivier Bois von Kursk were among the co-authors of the report, which found that Nigeria and South Africa - already among the world's largest fossil fuel producers- plan to increase fossil fuel production despite their climate commitments. Source: allafrica.com |
African Union, China Agree to Explore Full Potential for Practical Cooperation
January 8, 2026--The African Union and China have agreed to explore the full potential for practical cooperation between China and the African Union, with a view to delivering tangible benefits to the peoples of Africa and China.
IMF: Africa to become world leader in economic growth in 2026
January 4, 2026--Most of the fastest-growing economies, with gross domestic product growth rates exceeding 6%, will be on the African continent in 2026, according to Africanews, citing data from the International Monetary Fund (IMF).
African exchanges lead in USD returns
January 3, 2026-How far can the record-breaking bull run continue for Africa's stock exchanges? Many African exchange indices were up remarkably over 2025, encouraging participation by local investors and leading to renewed interest by domestic companies to come to the market for initial public offerings (IPOs) and other capital raising.
BRVM's eight countries move to T+2 settlement on 4 Dec
December 2, 2025-The West African regional securities market is switching to T+2 settlement (second day after trading) with effect from the trading session this Thursday, 4 December. The move has been prepared by the Dépositaire Central / Banque de Règlement (DC/BR, central depository and settlement bank) and will take effect from Friday's trading on the Bourse Régionale des Valeurs Mobilières (BRVM).
AfDB and IGAD launch a new initiative to stimulate a blue economy breakthrough in the Horn of Africa
December 1, 2025-The Intergovernmental Authority on Development (IGAD), in partnership with the African Development Bank Group (AfDB), recently launched a new multinational project to accelerate coordinated blue economy actions across the Horn of Africa.
T+2 to transform Nigerian securities trading 28 November
November 24, 2025-The Nigerian capital market will be transformed this Friday, 28 November, as it moves to the settlement on the second business day after trading, T+2. The market is currently on T+3 (settlement on the third day after trade), apart from fixed income securities and commodities which already settle on T+2.
Absa AFMI index shows reform helps in hard times
October 22, 2025-Two out of three African countries have not improved or slipped backwards in their ratings among the 29 countries scored in the 2025 edition of the Absa Africa Financial Markets Index (AFMI), now in its ninth year. However, 10 out of 29 countries increased their overall scores, a slowdown from 2024 when 23 countries increased their scores.
Absa AFMI index shows reform helps in hard times
October 22, 2025--Two out of three African countries have not improved or slipped backwards in their ratings among the 29 countries scored in the 2025 edition of the Absa Africa Financial Markets Index (AFMI), now in its ninth year. However, 10 out of 29 countries increased their overall scores, a slowdown from 2024 when 23 countries increased their scores.
Congo Basin Forests Hold Trillions in Untapped Value: New Report Calls for Strategic Global Investment
October 21, 2025-The Congo Basin, home to the world's second-largest tropical rainforest, holds immense value for not only the six countries it spans, but for the planet. A new World Bank report reveals the region's forests are not only essential for climate stability and biodiversity, but also a foundation for economic resilience.
Burundi picks LSEG to modernize financial market
October 21, 2025--Burundi has selected the London Stock Exchange Group (LSEG) to help modernize the financial market. The central Banque de la République du Burundi (BRB) aims to build a more efficient domestic market adapted to global standards.
