Senegal is stepping up negotiations with international creditors to ease its public debt burden, estimated at nearly 130% of GDP in 2025, according to the International Monetary Fund (IMF).

Three bodies have been found following the sinking of an oil rig off the coast of Gabon on Saturday, while the search continues for two people still missing, according to an updated toll released by Gabonese authorities overnight from Wednesday to Thursday.

Libya's central bank on Thursday said unidentified individuals raided its headquarters in Tripoli, hours after parliament said it had accepted a request from its governor to resign.

Illegal gold mining: Who profits from Africa’s gold smuggling? [Business Africa]

The finance ministry says it shipped $889 million worth of the precious metal over the month, up 68.9 per cent from last year.

An AI boom is lifting technology-exporting economies. But rising energy costs and climate disasters are pushing many developing nations into debt distress. Greater digital connectivity would allow them to benefit from tech advances.

Finance officials from all over the world are meeting in Bangkok this week for the annual gatherings of the International Monetary Fund and the World Bank. The US-Iran war's energy shock and artificial intelligence should be on the agenda.

Americans Robert Hall and Michael Woodford won the Nobel economics prize Monday for their work on how monetary and fiscal policy can better stabilise disruptive economic fluctuations.

Aliko Dangote's Nigerian oil refinery is extending the deadline for its initial public offering in order to broaden participation, its owner said Monday. The IPO, set to be Africa's largest capital market operation, was due to close on Tuesday but it will now be extended for two weeks.