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Global leaders from major emerging economies, including Brazil, Russia, India, China, South Africa, Iran, Saudi Arabia, and the United Arab Emirates, have arrived in New Delhi, India for the 18th BRICS Summit held at Bharat Mandapam on September 12 and 13, 2026. Global leaders from the expanded BRICS group, now including 11 member states, convened…

Dangote Group is turning to China, the world’s No. 1 shipbuilding country, as the expansion of Africa’s largest refinery and its wider industrial operations drives plans to increase annual vessel movements from about 300 to nearly 1,800. Dangote Group plans to significantly increase its annual cargo vessel movements from 300 to nearly 1,800 due to…

American venture capitalist and bitcoin investor Tim Draper’s plan to sell his luxury resort investment in Tanzania for $7.9 million is attracting a wave of unusual offers, including gold mines, houses and cattle. Tim Draper is seeking to sell his luxury resort investment in Tanzania for $7.9 million, sparking unconventional offers including gold mines, houses,…

Africa’s biggest refinery,Dangote Petroleum Refinery & Petrochemicals has disclosed 14 pending court cases ahead of its initial public offering, with nine of the cases involving claims totalling $216.12 million and N4.08 billion ($3.08 million). Dangote refinery has disclosed 14 pending court cases in documents prepared for its IPO. Nine are classified as material, with claims…

The U.S. military forces recently launched a targeted counter-terrorism operation against al-Shabaab militants in the East African country of Somalia. The U.S. military conducted an airstrike targeting al-Shabaab militants in Somalia. The operation took place near Quumbi, about 75 kilometers north-northwest of Kismayo. AFRICOM stated the mission aimed to degrade al-Shabaab’s ability to threaten U.S.…

Nigeria’s Dangote refinery has bought at least 16 million barrels of Nigerian crude oil for delivery in October, tightening the country’s export supply as buyers seek alternatives to disrupted Middle Eastern shipments. Dangote refinery has reportedly secured at least 16 million barrels of Nigerian crude for October. The volume represents about 520,000 barrels per day…

Kenya has approved Japan’s Asahi Group to take control of East African Breweries Limited in a $2.3 billion transaction, but the regulator has attached conditions intended to protect competitors and outstanding claimants. Kenya’s competition regulator has approved Asahi’s proposed acquisition of Diageo’s 65% EABL stake. The deal is expected to produce approximately $2.3 billion in…

Samuel Eto’o is facing renewed scrutiny over approximately $665,000 (€567,570) in fees connected to Cameroon’s 2023 friendly against Russia after documents reportedly directed the money to his personal bank account in Qatar. Documents reviewed by The Times reportedly directed two payments worth roughly $665,000 (€567,570) to Samuel Eto’o’s personal account. The money was connected to…

Iran-aligned Houthi fighters have captured a strategic Yemeni port near Africa, giving the armed group greater leverage over one of the world’s most important shipping routes as oil prices climbed above $105 a barrel. Houthi fighters have captured Yemen’s strategic Mocha port, approximately 80 kilometres from the Bab el-Mandeb Strait. The waterway separates Yemen from…

South Africa and Saudi Arabia have agreed to expand their tourism and travel partnerships to significantly improve the journey for thousands of Muslim pilgrims travelling to the Saudi kingdom. South Africa and Saudi Arabia agreed to expand tourism and travel partnerships, focusing on improving travel for Muslim pilgrims. Ministers from both countries discussed transitioning to…

A recent report revealed that Egypt has officially condemned a series of airstrikes targeting multiple regions across Saudi Arabia. Egypt expressed full solidarity with Saudi Arabia, emphasizing their strategic alliance. Egypt condemned recent aerial strikes on several Saudi Arabian cities. The attacks, carried out with missiles and drones, injured dozens of civilians, including women and…

The United States has formally expressed its intent to actively participate in the development of Kenya’s critical mineral sector. The United States has declared its intention to actively assist Kenya in developing its critical mineral sector, aiming to enhance its presence in Africa over China. Kenya is currently reviewing bids for the Mrima Hill deposit,…

Egypt is moving forward with plans to build its largest-scale AI data center using tech from the world’s most valuable company, NVIDIA. Egypt is planning to build its largest AI data center using NVIDIA technology, valued at $200 million initially. The facility will have a 20-megawatt capacity and is being developed by Vodafone Business, Elsewedy…

Africa’s biggest oil refinery has cut its debt by $570 million as it increased production and sales ahead of its planned initial public offering, which could become the continent’s largest share offering. Africa’s largest oil refinery, Dangote Petroleum Refinery, has slashed its debt by $570 million while ramping up both production and sales ahead of…

Egypt and the UAE are taking major steps to deepen their economic relationship through a new investment push focused on logistics and digital financial services. Egypt and the UAE are deepening economic ties through an investment drive in logistics and digital financial services. Key discussions focused on expanding maritime logistics and upgrading port infrastructure, particularly…

Lockheed Martin, the world’s largest defence company by defence revenue, is facing pressure over delays affecting deliveries of its advanced F-16 fighter jets to international customers, with Taiwan waiting for its first aircraft and Morocco preparing to receive its own fleet. The US is facing difficulties completing the delivery of Taiwan’s advanced F-16V fighters, with…

The U.S. Department of State has officially advised its citizens to completely avoid traveling to Libya under any circumstances. The US Department of State has issued a Level 4 ‘Do Not Travel’ advisory for Libya due to severe security threats. Ongoing dangers include criminal activity, political instability, and violent clashes between armed groups. Weapons are…

Since August 22, Business Insider Africa has reported extensively on the joint military air training dubbed “Eagles of Civilization 2026.” However, Egypt and China have now officially announced that the training concluded on September 7, 2026. The ‘Eagles of Civilization 2026’ joint air training between Egypt and China concluded on September 7, 2026. Multi-role fighter…

African travellers entering Europe could encounter longer queues and more consistent biometric processing after temporary flexibility surrounding the continent’s digital border system expired on 6 September. Temporary flexibility allowing European countries to suspend some EES checks expired on 6 September. The system registers non-EU short-stay visitors at the external borders of 29 European countries. It…

Nigeria’s Air Peace has returned to Africa’s ten largest airlines after increasing its scheduled capacity by nearly 55% in one year. Air Peace increased its September scheduled capacity by 54.7% to 354,804 seats. It returned to Africa’s ten largest airlines by seat capacity and was the fastest-growing member. Ethiopian Airlines retained first place with approximately…

Kenya is moving to end the export of raw minerals as East Africa’s largest economy pushes to process more of its natural resources locally, create jobs and retain a greater share of their value. Kenya plans to end the export of raw minerals and instead process them locally to create jobs and retain more value.…

Kuwait has introduced residency permits of up to 10 years for some people who lost Kuwaiti citizenship, giving them a legal way to remain in the country as foreign residents. Kuwait has introduced 10-year residency permits for people who lost Kuwaiti citizenship, giving them legal status as foreign residents. The new permits, set under Ministerial…

UAE President Sheikh Mohamed bin Zayed Al Nahyan has pardoned Egyptian-Turkish poet and activist Abdul Rahman Yusuf al-Qaradawi, days after a federal court sentenced him to 10 years in prison and fined him AED200,000 ($54,452). UAE President Sheikh Mohamed bin Zayed Al Nahyan pardoned poet and activist Abdul Rahman Yusuf al-Qaradawi after he was sentenced…

China has recently stepped in to support Egypt’s water security after United States peace talks failed. This major development comes as Egypt and Ethiopia are locked in a tense argument over the Nile River, Africa’s longest river. Cairo worries that Ethiopia’s giant new dam will take away its drinking and farming water, hurting millions of…

Russia’s top defense company, Rostec, recently relayed that it would be displaying a weapon that for now remains confidential on its Su-57E export fighter at the El Alamein airshow, hosted by the Egyptian military, Africa’s most powerful fighting unit. Rostec announced it will display a confidential new weapon on the Su-57E export fighter at Egypt’s…

The Initial Public Offering (IPO) for the Dangote Refinery, a subject of significant interest within financial markets throughout the year, is scheduled to launch in the coming days. Dangote Refinery’s IPO is set to launch in the next 10-12 days, marking a significant event for Nigeria’s stock market. The refinery plans to offer 4.1 billion…

The West African country of Chad, long known to have struggled with some of Africa’s most persistent security threats, has added at least four Chinese-made combat drones to its military in an attempt to bolster its ability to respond to said threats. Chad has reportedly added four Chinese-made CH-4 combat drones to its military arsenal,…

Israeli Defence Minister Israel Katz has announced that Israel has fully prepared plans to expel the Palestinian population from the Gaza Strip, with the plans awaiting only U.S. approval before they can be carried out. China and Egypt have publicly opposed the proposal. Israeli Defence Minister Katz has declared that Israel is prepared to forcibly…

South Africa’s antitrust authority is looking into shopping malls and retail centers that may be making it difficult for small enterprises to operate in small towns and rural areas where most of the residents are black. South Africa’s antitrust authority is investigating whether shopping malls and retail centers are making it hard for small businesses…

Egypt is considering the purchase of 24 additional Rafale fighter jets from France, a move that could take its fleet to 78 aircraft and strengthen Dassault Aviation’s position in one of Africa’s largest defence markets. Egypt is considering purchasing 24 more Rafale fighter jets from France, which would increase its Rafale fleet to 78 aircraft.…

President Donald Trump, the US commander-in-chief, has fulfilled a long-signalled ambition to appear on national currency after the US Mint released a $1 coin bearing his portrait. The US Mint has released $1 coins featuring President Donald Trump, making him the first sitting US president in 100 years to appear on a coin while still…

Kenya’s President, William Ruto has moved against foreign businesses on two fronts in less than 24 hours, ordering Indian-owned Tata Chemicals to end its operations in Kenya while directing a nationwide crackdown on foreign nationals running small-scale businesses. Kenya’s President William Ruto has ordered Indian-owned Tata Chemicals to cease operations in Kenya. The government plans…

Continental Reinsurance Holdings Ltd. is looking to execute the first initial public offering on the Botswana Stock Exchange since 2017, as it seeks capital acquisition to facilitate its regional expansion. Continental Reinsurance Holdings Ltd. is launching the first IPO on the Botswana Stock Exchange since 2017 to fund regional expansion. Around 20% of the $155…

Tim Cook has stepped down as Apple CEO after 15 years, handing control of one of the world’s most valuable companies to longtime hardware chief John Ternus and closing an era of extraordinary global expansion that left Africa with a comparatively limited Apple footprint. Tim Cook has stepped down after 15 years as Apple CEO,…

Uber is pulling out of Nigeria and Uganda as the ride-hailing giant restructures its global operations, cuts about 3,300 jobs and shifts more investment toward autonomous vehicles and robotaxis. Uber will cease operations in Nigeria and Uganda from September 2 as part of a global restructuring plan. Despite leaving these two countries, Uber states it…

Spain’s King Felipe VI, a leader widely considered one of Europe’s most financially modest, is set to travel to the Spanish enclave of Ceuta, following the migration crisis that involved around 73,000 Africans. King Felipe VI of Spain is set to visit Ceuta following a major migration crisis involving around 73,000 Africans entering the enclave.…

South African energy and chemicals company Sasol has withheld its dividend despite reporting improved annual earnings because its debt remained above the limit set by its shareholder-distribution policy. Sasol’s headline earnings per share increased by 9%, while basic earnings per share rose 79%. The company did not declare a dividend. Net debt remained at approximately…

A former Ethiopian minister recently alleged that Egypt and its collaborators had initiated plans to cut off its access to the Red Sea, given Addis Ababa’s role as the source of the Abay (Nile) River. A former Ethiopian minister accused Egypt of attempting to block Ethiopia’s access to the Red Sea by fueling internal conflicts…

Sweden, a $760 billion European economy, has ended an 18-year development aid programme in Liberia worth SEK 5.77 billion (about $600 million) as the country redirects more of its resources towards Ukraine and a major expansion of defence spending. Sweden has ended its 18-year, $600 million development aid program in Liberia as of August 31.…

South Africa has reopened its search for a private investor in South African Airways, nearly two years after abandoning a proposed sale of 51% of the national carrier. South Africa has authorised a new competitive search for an equity partner for its national airline. The investor is expected to supply capital, aviation expertise and support…

The United States received 10,258 refugees in the first 10 months of its 2026 fiscal year, but an overwhelming 10,255 of them came from South Africa, as President Donald Trump’s policy of prioritising Afrikaner refugees dramatically reshaped America’s refugee intake. In the first 10 months of FY2026, the US admitted 10,258 refugees, with 10,255 coming…

Morocco’s King Mohammed VI is ending a busy August marked by thousands of royal pardons, diplomatic gains over Western Sahara, renewed tensions over Ceuta and a series of engagements spanning Africa, the Americas and Asia. King Mohammed VI of Morocco had a busy August, marked by granting over 2,200 royal pardons and celebrating his 63rd…

Algeria has stepped up its military backing for Niger, sending fighter jets, helicopters and other military aircraft to Niamey days after a mutiny threatened the country’s military government and triggered a direct intervention by Russia’s Africa Corps. Algeria has increased its military support for Niger by sending fighter jets, helicopters, and other aircraft after a…

Burkina Faso is seeking direct bilateral talks with Nigeria to review their relationship and discover new areas of collaboration, a move that might help calm diplomatic tensions between Abuja and Ouagadougou. Burkina Faso is seeking direct bilateral talks with Nigeria to strengthen their relationship and explore new collaboration opportunities. Tensions have risen between Nigeria and…

South Africa welcomed almost one million international tourists in July, but arrivals from China and India moved sharply in the opposite direction. South Africa received 991,696 overnight international tourists in July, 12.5% more than a year earlier. Visitors from SADC countries accounted for almost four out of every five tourists. Indian arrivals fell 26.9%, while…

The European Union has formally challenged South African multinational Sappi’s €1.42 billion, approximately $1.66 billion, plan to combine major paper operations with Finland’s UPM. The European Commission has formally raised objections to Sappi and UPM’s proposed €1.42 billion paper joint venture. The regulator fears the transaction could create Europe’s leading communication-paper producer and weaken competition.…

Morocco’s OCP Group is preparing to build America’s first new phosphate-fertiliser plant in more than four decades as part of a proposed investment worth up to $450 million. Morocco’s OCP and American farmer-owned cooperative CHS plan to build a fertiliser plant in Louisiana. The companies expect to invest up to $450 million in a facility…

Britain’s new Prime Minister Andy Burnham faces pressure over the Chagos Islands as Mauritius prepares to raise the stalled sovereignty transfer at the United Nations General Assembly next month, according to The Telegraph. Britain’s new Prime Minister Andy Burnham faces renewed pressure from Mauritius and the African Union over the stalled sovereignty transfer of the…

China has dramatically demonstrated its expanding global military reach by deploying advanced combat aircraft across Europe and Africa. In Eastern Europe, the Chinese military has showcased its state-of-the-art Z-20K medium utility assault helicopters right on the borders of the North Atlantic Treaty Organization (NATO), the world’s strongest military alliance. China has demonstrated its growing global…

The U.S. has sent more deportees to Eswatini, a small Southern African kingdom, under a highly controversial migration pact. On Thursday, the government of Eswatini announced that it had “received two more third-country nationals deported from the United States” as part of their bilateral agreement. The United States has deported more third-country nationals to Eswatini…

Africa’s richest person, Aliko Dangote, is preparing to give his vast fortune and business empire a new layer of institutional oversight as his Dubai-based family office ramps up operations in 2027. Aliko Dangote is establishing a family office in Dubai to manage his wealth and business empire, with expanded operations planned for 2027. The family…

Egypt has officially launched a major initiative in Nigeria to promote its higher education system and attract more international students to its universities. Under the slogan “Study in Egypt,” this specialized promotional mission began its activities in Lagos on August 26, 2026. Egypt has launched a ‘Study in Egypt’ campaign in Nigeria to attract more…

The largest network provider in Africa, MTN, has agreed to collaborate with Dubai-based investor Tarek Al Ashram to build data center infrastructure across Africa, as AI continues to become more pivotal. MTN, Africa’s largest network provider, is partnering with Dubai-based investor Tarek Al Ashram to develop data center infrastructure across Africa. Africa Data Hub Holding…

The Trump administration has paused or begun rescheduling immigrant-visa appointments worldwide, days after a federal court overturned a separate restriction affecting nationals of 26 African countries. The US has paused or rescheduled immigrant-visa appointments worldwide for consular officer training. The disruption comes days after a court overturned a visa restriction affecting 26 African countries. The…

Muhoozi Kainerugaba, Uganda’s Chief of Defense Forces and son of the country’s current president, Yoweri Museveni, has once again relayed his intentions to run for president. Muhoozi Kainerugaba, Uganda’s Chief of Defense Forces and son of President Yoweri Museveni, has announced his intention to run for president in 2031. He declared his candidacy on social…

Tanzania’s Vice President Emmanuel Nchimbi has resigned less than a year after taking office, saying he had become convinced that President Samia Suluhu Hassan wanted a different deputy. Tanzania’s Vice President Emmanuel Nchimbi has resigned less than a year after taking office. He said President Samia Suluhu Hassan wanted a different deputy. Nchimbi will also…

Africa’s largest telecom operator, MTN Group, is considering obtaining banking licences in some of its African markets, a move that could significantly expand its role in financial services and put parts of its business into more direct competition with traditional banks. MTN is considering banking licences in selected African markets as it expands beyond mobile…

Prince Harry, the Duke of Sussex, has ended his formal association with two prominent Africa-focused organisations within 17 months, marking a significant shift in the British royal’s nearly two-decade philanthropic ties to the continent. Prince Harry has ended his formal association with two major Africa-focused organisations within 17 months. He recently stepped down from the…

Some of Africa’s richest self-made tycoons spent decades building billion-dollar empires, only to eventually surrender the chairman’s seat, executive power or ownership for reasons ranging from regulation and succession to strategic exits. Some of Africa’s richest self-made tycoons eventually surrendered the chairman’s seat after decades of building billion-dollar empires. Their exits were driven by regulation,…

The Schengen visa, a key route for African travellers seeking access to Europe, is facing growing pressure as European governments and political leaders push for tougher controls on migration and movement across the continent. The Schengen visa allows African travellers access to 29 European countries with minimal internal border checks. Recent political pressure in Europe…

The U.S. has cancelled a major joint military exercise with South Korea, citing troop constraints linked to the ongoing war in Iran. The U.S. cancelled major joint military exercises with South Korea due to troop constraints linked to the ongoing war in Iran. The decision includes the cancellation of the ‘Ssangyong’ amphibious landing drill, with…

Fatima Aliko-Dangote, daughter of Africa’s richest man, has announced an expansion of the Dangote Petroleum Refinery’s free fuel delivery network as the company seeks to reduce distribution costs and support lower pump prices in Nigeria. Fatima Aliko-Dangote has announced the expansion of the refinery’s free fuel delivery initiative to four additional states. Kano, Imo, Anambra…

According to stakeholders close to the project, South Korea’s involvement in the joint nuclear project between Egypt and Russia, the El Dabaa nuclear power plant, might assist Cairo navigate western sanctions affecting the project. South Korea’s participation in Egypt and Russia’s El Dabaa nuclear power plant helps mitigate the impact of Western sanctions on the…

Seychelles and Kenya Airways are strengthening their efforts to promote combined twin-centre vacation packages for travelers in North America. Seychelles and Kenya Airways are promoting twin-centre vacation packages targeting North American travelers. The campaign combines Kenyan wildlife safaris with relaxing Seychelles beach holidays to boost tourism for both destinations. Kenya Airways’ non-stop New York-Nairobi flights…

China, home to the world’s second-most powerful military by many global assessments, is deepening defence ties with Egypt, Africa’s strongest military by several measures, as Beijing expands its global military reach through joint exercises spanning three continents. Egypt is strengthening its defense partnership with China, marking a shift as North Africa becomes a key battleground…

Morocco’s King Mohammed VI has awarded royal pardons to 667 persons condemned by courts around the country as the country commemorates Youth Day. King Mohammed VI of Morocco granted royal pardons to 667 people on Youth Day. Of those pardoned, 526 were currently in jail, with various levels of sentence reductions and full pardons. Another…

Ethiopia, which boasts East Africa’s most powerful military, recently agreed to strengthen its defense and security ties with the US Armed Forces, the world’s leading military power. Ethiopia and the United States agreed to strengthen their defense and security cooperation through a new strategic framework. High-level meetings took place at the Pentagon between Ethiopian and…

The Nigerian Naval force has taken a formidable stand against maritime crime, pledging to take tougher measures against piracy, sea robbery, and crude oil theft in Nigeria’s waterways. The Nigerian Navy has intensified efforts to eliminate piracy, sea robbery, and crude oil theft from the nation’s waterways. A large-scale live-firing exercise, Exercise Littoral Fury, was…

Moroccan billionaire Anas Sefrioui is moving deeper into pharmaceuticals through a proposed acquisition of the Moroccan subsidiaries of Servier, France’s second-largest pharmaceutical group. Anas Sefrioui’s Pharma Capital is seeking full control of Servier’s two Moroccan subsidiaries. The proposed transaction covers a pharmaceutical operation and a company holding commercial and industrial property. Sefrioui previously expanded into…

Coal India, the world’s largest coal producer, is evaluating bauxite opportunities in Ghana as the Indian state-controlled company searches for mineral assets outside its traditional coal business. Coal India is evaluating bauxite opportunities in Ghana as it expands beyond its traditional coal business. The Indian state-controlled company is also planning its first overseas trading office…

Indian Oil Corporation (IOC), India’s largest state-owned commercial enterprise and oil refiner, has finalised a deal with Algeria’s state energy company Sonatrach to import liquefied petroleum gas (LPG) from 2027 as the South Asian country moves to reduce its dependence on Middle Eastern suppliers. Indian Oil Corporation (IOC) has signed a deal with Algeria’s Sonatrach…

The president of Cameroon, Paul Biya, after being absent from his country for a period of 74 days, has finally returned, putting a halt to questions about his well-being. President Paul Biya of Cameroon returned after a 74-day absence abroad, quelling rumors about his health. At 93, Biya, the world’s oldest president, arrived from Geneva…

The finance minister of Nigeria, Taiwo Oyedele, has decided to be reserved with the details of the government’s intention regarding a $5 billion loan the West African country received from the United Arab Emirates. Nigeria’s finance minister Taiwo Oyedele defended the lack of transparency regarding the $5 billion loan from the UAE, despite legislative approval.…

Prosus, the global technology investor majority-owned by South Africa’s Naspers, is positioning itself for a new wave of artificial intelligence that could move robots from controlled factories into warehouses, businesses and other workplaces. Prosus expects AI-powered robots to become commercially viable as hardware costs fall and training data improves. The company estimates useful general-purpose robots…

Over a decade after her husband Charles Taylor resigned from serving as Liberia’s president for his questionable acts of war, ​former Vice President of the West African country Jewel Howard-Taylor has been indicted in a drug case. Former Liberian Vice President Jewel Howard-Taylor has been indicted for drug trafficking, money laundering, and other criminal offenses.…

Due to Ethiopia’s initiatives facilitating foreign investment entry, Chen Hai, the Chinese Ambassador to the East African nation, recently characterized the country as Africa’s most dynamic market. Ethiopia has been recognized by the Chinese Ambassador as Africa’s most dynamic market due to its initiatives to ease foreign investment and trade. China has enhanced trade cooperation…

Mali’s military government is deepening its strategic ties with Russia despite years of pressure from Western governments, deteriorating relations with France and the collapse of its former Western-backed security partnerships. Mali is deepening its strategic ties with Russia as its relations with Western governments and France have deteriorated. A recent high-level call between Mali’s interim…

Chevron has discovered oil and gas condensate at an exploration well offshore Angola, strengthening the US energy major’s push to expand production in sub-Saharan Africa through infrastructure-led exploration. Chevron has discovered significant oil and gas condensate at the 105-4X exploration well in Block 0 offshore Angola, with over 600 metres of oil and gas condensate…

Russia says it is preparing to sign a security cooperation agreement with the Economic Community of West African States, potentially extending Moscow’s influence from its military partners in the Sahel to the region’s main political and economic bloc. Russia says it plans to sign a cooperation agreement with ECOWAS covering regional security. Moscow has also…

Ninety One, Africa’s largest independent private asset manager, has acquired more than 5% of Remgro, the investment company controlled by billionaire Johann Rupert and his family, strengthening its position as a major shareholder in one of South Africa’s largest investment groups. Ninety One has acquired over 5% of Remgro’s shares, strengthening its position as a…

Kenya’s competition regulator has proposed that East African Breweries Ltd. set aside up to 15 billion Kenyan shillings ($115 million) in reserve funds before approving Diageo’s planned sale of its majority stake in the brewer to Japan’s Asahi Group Holdings. Kenya’s competition authority wants East African Breweries Ltd. to set aside up to 15 billion…

A Cameroon-flagged tanker carrying Russian crude has spilled oil off Oman, putting a protected marine area and coastal ecosystems at risk while salvage teams work to contain the damage. A Cameroon-flagged tanker carrying Russian crude oil has spilled off the coast of Oman, threatening protected marine areas and local ecosystems. The Caroline Bezengi, part of…

South Africa has introduced a R500 (about $31) processing fee for its new Electronic Travel Authorisation (ETA), just five days after President Cyril Ramaphosa officially launched the system as part of efforts to digitise the country’s visa and immigration processes. South Africa has introduced a R500 (about $31) processing fee for its new Electronic Travel…

Airtel Africa and Elon Musk’s Starlink have launched a satellite-to-phone service in the Democratic Republic of Congo, marking what the companies describe as the first commercial deployment of the technology in Africa. Airtel Africa and Starlink launched the service commercially in the Democratic Republic of Congo on 14 August 2026. Compatible Android smartphones can connect…

A fresh attack on a vessel linked to the United Arab Emirates’ state-owned oil company has renewed concerns over fuel supplies and shipping costs for import-dependent African economies. The United Arab Emirates said a vessel linked to its state-owned oil company, ADNOC, was attacked while crossing the Strait of Hormuz. The latest incident was the…

Niger has signed a $1.9 billion agreement to develop a 100,000-barrel-per-day refinery and petrochemical complex in Dosso, advancing the landlocked West African country’s ambition to process more of its crude domestically and become a regional energy hub. Niger has signed a $1.9 billion agreement to build a 100,000-barrel-per-day refinery and petrochemical complex in Dosso. The…

Taiwan warns citizens against travel to Uganda after officials seize passports, demand Chinese documents, escalating diplomatic tensions over Beijing’s policy. Taiwan warned its citizens to reconsider travel to Uganda after incidents involving passport seizures by Ugandan immigration officials. Uganda demanded Taiwanese travellers present Chinese passports, citing its adherence to the ‘one-China policy’ that recognises Beijing’s…

Ghana’s new defence cooperation agreement with Burkina Faso is facing an immediate test from traders who say they remain uncertain about how the security arrangements will work in some of the most dangerous areas of Burkina Faso. Ghana and Burkina Faso have signed a new defence cooperation agreement focused on securing key trade routes and…

South Africa’s top court has blocked Shell’s offshore oil exploration, adding another setback as the energy giant prepares to sell its downstream business. South Africa’s Constitutional Court has blocked Shell’s offshore oil exploration, overruling a prior decision allowing it to proceed. This ruling follows years of legal opposition from local communities and environmental groups, causing…

Morocco has extended direct fuel support for commercial transport operators after petrol and diesel prices rose for the second time in less than three weeks, increasing pressure on passenger fares and freight costs. Morocco has extended direct fuel support for passenger and freight transport operators. The latest payment covers August 1 to 15, with applications…

The Economic and Financial Crimes Commission (EFCC), Nigeria’s financial crimes investigation agency, has successfully recovered over $160 million in unpaid statutory fees owed by oil companies to the Niger Delta Development Commission (NDDC). The EFCC has recovered over ₦115 billion and $84 million (over $160 million total) in unpaid statutory fees from oil companies. These…

Between 7,000 and 9,000 migrants are believed to remain in Ceuta, nearly two weeks after about 72,000 people crossed from Morocco into the Spanish enclave in one of Europe’s largest recent border surges. Spain estimates that 7,000 to 9,000 migrants remain in Ceuta after about 72,000 crossed from Morocco. About 1,898 minors have been formally…

Qatar and Morocco are part of a group of six Arab football federations that have pledged their full support to FIFA President Gianni Infantino. Six Arab football federations, including Qatar and Morocco, have declared full support for FIFA President Gianni Infantino. Major confederations from Europe, Asia, and North America have criticized Infantino and some have…

China’s state-backed minerals buyer has secured a one-year agreement for iron ore supplied by Anglo American’s South African subsidiary, extending Beijing’s influence over the pricing and distribution of one of Africa’s biggest mineral exports. China’s state minerals buyer has secured a one-year supply agreement with South Africa’s Kumba Iron Ore. The agreement took effect on…

Nigeria’s Aradel Holdings Plc plans to begin producing gasoline at its modular refinery in 2027, as the removal of fuel subsidies improves the economics of domestic petrol production. Aradel Holdings Plc aims to start gasoline production at its modular refinery in 2027 after Nigeria removed fuel subsidies and improved market conditions. Currently, the plant produces…

Last week, the island nation of Seychelles, renowned for its tourism and high GDP per capita, received images and videos of its national monuments aboard the International Space Station via the Russian Orbital Segment (ROS), which is responsible for propulsion, navigation, and primary guidance. Seychelles celebrated its 50th independence anniversary by sending national symbols and…

President Bola Tinubu has approved a new deepwater oil and gas investment framework that Nigeria says could unlock as much as $50 billion in investment, as Africa’s top crude producer seeks to revive stalled offshore projects and compete more aggressively for global energy capital. President Bola Tinubu has approved a new deepwater oil and gas…

African e-commerce company Jumia has secured $50 million in fresh equity from investors led by the World Bank’s International Finance Corporation, giving the loss-making retailer additional financial firepower as it pushes towards its first profitable year. African e-commerce company Jumia has raised $50 million in fresh equity from IFC, Axian and other investors. IFC, the…

Egypt’s Minister of Education and Technical Education, Mohamed Abdel Latif, and the Japan International Cooperation Agency (JICA) recently met to discuss the expansion of several key education projects between the two nations. Egypt and Japan are expanding their strategic partnership in education. The number of Egyptian-Japanese schools is rapidly increasing, expected to reach 102 by…

High-level officials from Egypt and the United States have met to discuss a wide range of investment opportunities focused on urban development and seawater desalination. Egyptian and US officials met to discuss expanding investment opportunities. The meeting emphasized improving housing and infrastructure through joint efforts and bilateral cooperation. Egypt’s new cities were highlighted as key…

A coastal county in Kenya, Lamu is on the verge of a major economic transformation as the Kenyan government confirms plans for a Ksh 12.9 billion (approximately $100 million) palm oil processing plant and moves closer to launching a multi-trillion shilling petroleum refinery. There is a new plan to build a $100 million palm oil…

Africa’s richest man, Aliko Dangote, in a recent interview with the BBC, disclosed that his proposed refinery in Kenya might cost substantially less than the $17 billion originally predicted, as the tycoon hopes to use lessons learned from the construction of his gigantic Lagos refinery to speed up the new project. Aliko Dangote announced that…

The UAE has built one of the continent’s largest investment pipelines across ports, mines, farms and renewable energy. The next stage is whether those projects leave African countries with infrastructure, processing capacity and local businesses that can outlast the deal. The Financial Times reported that UAE entities have announced more than $168 billion in African…

Africa’s solar demand is rising as countries look for cheaper and more reliable power. The next contest is whether the continent remains a buyer of Chinese equipment or builds factories that can create jobs and retain more value locally. Nigeria, South Africa, Morocco and Ethiopia are expanding solar manufacturing plans as power demand rises. Chinese…

In July, about 72,000 Moroccans entered Ceuta, a Spanish territory on Africa’s northern coast, during a two-day migration surge, leaving the world in shock and subsequently raising questions. About 72,000 Moroccans entered Ceuta, a Spanish enclave in North Africa, in a two-day surge in July, raising international concerns. Questions arose regarding who organized the mass…

Colombia has joined the US in recognising Morocco’s sovereignty over Western Sahara, reversing the position of the previous administration and handing Rabat a fresh diplomatic victory in its campaign to build international support for its claim over the disputed African territory. Colombia has recognized Morocco’s sovereignty over Western Sahara, reversing its previous support for the…

For decades, America’s engagement with Africa was largely defined by aid, public health programmes, security partnerships and political diplomacy, but Washington is now making a harder commercial calculation as it seeks to secure critical minerals, opening both direct and indirect investment opportunities for resource-rich African countries. The US is increasing investment in critical minerals to…

The Moroccan government has recently introduced a significant expansion of its national employment strategy, committing an additional MAD 15 billion, which is approximately $1.65 billion, to drive job creation. Morocco has allocated an additional MAD 15 billion (about $1.65 billion) to expand its national employment strategy. The Employment Roadmap 2030 targets creating one million net…

Africa has emerged as one of Diageo’s strongest-performing regions just as the British drinks giant prepares to relinquish direct ownership of its remaining beer business on the continent. Diageo’s Africa operating profit surged 43.5%, making it the company’s fastest-growing major region. Organic sales rose 13.3%, despite the group’s global sales declining 2%. The growth comes…

A new NATO-like defence alliance between Saudi Arabia, Pakistan and Turkey has revived attention on Pakistani arms deals worth more than $5 billion with Sudan and Libya, which Saudi Arabia had earlier moved to halt in the wake of the US-Iran war. Saudi Arabia, Pakistan, and Turkey signed the Mecca Joint Defence Agreement, declaring collective…

A possible new gold discovery stretching six kilometres has emerged in Namibia, with a Canadian-listed miner preparing its first major drilling campaign after fresh exploration results strengthened evidence of a substantial mineralised system beneath the surface. Namibia’s Ongwe Minerals has identified a six-kilometre gold anomaly at its Nguni prospect. The company plans a 5,000-metre drilling…

A Senegalese court has sentenced three TikTok influencers to prison for insulting President Bassirou Diomaye Faye, putting the country’s increasingly influential online political space under scrutiny at a time of heightened tensions within its ruling establishment. Senegal has jailed three TikTok influencers for insulting President Bassirou Diomaye Faye. The case comes as Faye’s relationship with…

Italy and France have officially joined a growing list of international backers for Africa’s sustainable development by pledging a combined $50 million in new funding. Italy and France pledged a combined $50 million to support Africa’s sustainable development initiatives. The funding will go to the Alliance for Green Infrastructure in Africa’s Project Development Fund, managed…

In a major addition to Nigeria’s maritime industry, the world’s largest shipping line, Mediterranean Shipping Company (MSC), has officially launched a new weekly service to Lekki Port. Mediterranean Shipping Company (MSC) has launched a weekly shipping service to Nigeria’s Lekki Port. The service uses a feeder system, routing cargo through Lomé, Togo before reaching Nigerian…

A long-running dispute over one of Abuja’s biggest real estate developments has moved beyond Nigeria’s borders, with Ghanaian businessman Sir Sam Jonah’s company taking the Nigerian government to international arbitration in Paris. A major dispute over the River Park Estate development in Abuja has led to international arbitration in Paris. The project, planned to include…

Chinese-owned mining companies in the Democratic Republic of Congo have rejected claims that their cobalt contains excessive uranium after Kinshasa banned exports of copper and cobalt concentrates to promote local processing. Chinese mining companies in the DRC rejected allegations that their cobalt products contain excessive uranium, calling these claims unfounded. The companies’ response follows a…

The global aviation industry is on the verge of a significant change as a $3 billion investment prepares to turn a native Brazilian fruit into high-performance jet fuel. A $3 billion investment is set to turn Brazil’s macauba palm into a plant-based jet fuel, aiming to revolutionize global aviation fuel. Macauba outperforms traditional crops like…

Malawi is attracting fresh international investment in its critical minerals sector after Australian-listed AuKing Mining agreed to acquire the Machinga Heavy Rare Earth Elements (HREE) Project, underscoring the country’s growing role in the global scramble for minerals essential to electric vehicles, renewable energy and advanced defence technologies. Australian miner AuKing has agreed to acquire the…

As Zambia heads to the polls next week, the country’s mining industry is focused on more than who wins the presidency. Zambia’s miners are looking beyond next week’s elections to policies that can accelerate copper production. The country aims to nearly triple annual output to 3 million tonnes by the next decade. Mining firms are…

Nigeria has approved a $4.5 billion refinancing of the Nigerian National Petroleum Company (NNPC) Limited’s flagship oil-backed financing facility, unlocking $3 billion in fresh funding while reducing the volume of crude committed to servicing the debt in a move expected to strengthen the finances of Africa’s largest oil-producing nation. Nigeria has approved a $4.5 billion…

Morocco is set to build Africa’s second large-scale waste-to-energy plant, a $1.5 billion project designed to turn millions of tons of household waste into electricity while tackling one of the country’s biggest landfill pollution problems. Morocco will construct Africa’s second major waste-to-energy plant in Casablanca, costing $1.5 billion. The facility, led by a Swiss-Japanese consortium,…

In recent weeks, relations between Morocco and the United States have transcended standard national interests, developing into somewhat of a formal friendship between the leaders of the two nations, King Mohammed VI of Morocco and U.S. President Donald Trump. King Mohammed VI of Morocco recently, via a letter, confirmed that he has named the 1,055-kilometre…

First HoldCo Plc, the parent entity of one of Nigeria’s largest commercial bank, First Bank, has secured regulatory approval from the Central Bank of Nigeria to launch a major $1 billion equity offering. First HoldCo Plc received regulatory approval to launch a $1 billion equity offering from the Central Bank of Nigeria. This move is…

Morocco has found itself at the centre of international attention over the past week after a surge in attempted migrant crossings into Spain’s North African enclave of Ceuta prompted renewed scrutiny of a proposed $40 million US funding package and refocused attention on one of Africa’s longest-running territorial disputes. A recent surge in migrant crossings…

BUA Foods, the food manufacturing company controlled by Africa’s fourth-richest man, Abdul Samad Rabiu, has grown its total assets beyond $1.2 billion (₦1.67 trillion), underscoring the scale of its ongoing expansion despite a slowdown in revenue growth. BUA Foods has grown its assets beyond $1.2 billion as it accelerates a major expansion across Nigeria’s food…

A series of developments over the past week has revealed a deepening partnership between the United States and Morocco over Western Sahara, with infrastructure, clean energy and diplomacy converging around one of Africa’s most contested territories. The United States and Morocco are deepening their partnership over Western Sahara, focusing on infrastructure, clean energy, and diplomacy.…

Travellers from 30 African countries are set to face tougher financial requirements when applying for U.S. business and tourist visas after Washington permanently adopted its controversial visa bond program, exactly 12 months after it was introduced on a trial basis. The U.S. has made its controversial visa bond program permanent, requiring certain B-1 and B-2…

For over twenty years, China has stood as one of Africa’s main foreign investors, paying for roads, rail lines, ports, power stations, and mines across the region. Lately, however, a quiet change has begun. Some of India’s richest people are growing their work in Africa, putting billions into areas like mining, mobile phones, factories, and…

Femi Otedola has spent about ₦222.2 billion on First HoldCo shares, raising his interest in the Nigerian financial group to 25.88%. Calvados Global Services bought 1,779,094,976 First HoldCo shares at ₦124.90 each. The transaction was worth about ₦222.21 billion, equivalent to roughly $160 million at recent exchange rates. Otedola’s interest rose from 21.96% to 25.88%,…

A fresh debate over Europe’s border policies could have significant implications for millions of Africans living, working and studying across the continent, after renewed calls emerged to reserve Schengen free movement exclusively for European Union citizens. A new debate in Europe proposes restricting Schengen free movement to only EU citizens. This follows a surge in…

Ghana has backed five-year presidential terms as part of a sweeping constitutional reform programme that could reshape elections, political eligibility, public appointments and institutional accountability in one of West Africa’s most stable democracies. Ghana’s government plans to extend presidential and parliamentary terms from four to five years. Proposed reforms lower the presidential age limit to…

Nigeria’s oil industry is entering a new phase. The country’s biggest challenge is no longer a lack of refining capacity but producing enough crude oil to supply its refineries. Nigeria’s oil sector now faces the challenge of producing enough crude to supply its domestic refineries. The Dangote Petroleum Refinery alone requires 552,500 barrels per day,…

The escalating military confrontation between the United States and Iran is beginning to spill beyond the Middle East, with Egypt’s strategic Mediterranean LNG hub caught in the crossfire after a drone strike hit two ships at the Port of Damietta, including a U.S.-owned floating storage tanker. A drone strike hit two ships at Egypt’s Port…

West Africa is stepping up efforts to reduce its reliance on foreign fuel price benchmarks, with Nigeria leading a push to establish a regional pricing mechanism that reflects local supply, demand and logistics rather than indices set outside the continent. Nigeria is leading efforts to establish a West African fuel price benchmark based on regional…

Burkina Faso recently found itself on the list of yet another international human rights watchlist, despite the complex security challenge the country is currently facing. Burkina Faso faces severe security challenges but maintains strong economic growth, with GDP growth reaching 5.3% in 2025. The country was placed on the CIVICUS Monitor Watchlist due to growing…

Financial pressure is pushing millions of South African workers toward sports betting and online gambling, with many hoping a lucky win can help them meet daily expenses or escape mounting debt. Financial pressures are leading millions of South Africans to sports betting and online gambling for extra income. Over half of employed South Africans earning…

Japan is investing up to $34 million (C$47.7 million) in a heavy rare earth mining project in Namibia, strengthening Africa’s position in the global race to secure critical minerals used in electric vehicles, renewable energy and defence technologies. Japan will invest up to $34 million (C$47.7 million) in a heavy rare earth project in Namibia…

Zijin Gold’s planned takeover of Allied Gold has been terminated, but the Chinese miner will invest about $295 million in the company behind major gold assets in Mali, Ethiopia and Côte d’Ivoire. Zijin Gold and Allied Gold have terminated their planned C$5.5 billion takeover after concluding that the remaining conditions were unlikely to be completed…

Mozambique has awarded a 25-year concession to two Chinese companies to build and operate a one-stop border post at Machipanda, a critical crossing linking the country to neighbouring Zimbabwe. Mozambique has granted a 25-year concession to two Chinese firms to build and operate a one-stop border post at Machipanda, which connects Mozambique to Zimbabwe. The…

For many Africans, international travel still means applying for a visa well before departure. While some passports offer broad travel freedom through visa-free entry or visas on arrival, the majority across the continent remain subject to stricter travel restrictions. Most Africans still face strict visa requirements for international travel, limiting their mobility compared to other…

The Executive Board of the International Monetary Fund (IMF) completed its final review of Ghana’s three-year, $3 billion crisis support package on July 27, 2026, approving an immediate payout of $371 million. The IMF completed its final review of Ghana’s $3 billion crisis support package, releasing a last $371 million payment. This marks the official…

The United States will end routine visa processing at 25 diplomatic posts across Africa from August 1, consolidating operations into 20 regional hubs as part of a sweeping overhaul aimed at strengthening security screening and streamlining consular services. The U.S. will end routine visa processing at 25 African diplomatic posts starting August 1, consolidating services…

The United States is providing its first federal backing for a green energy project in Western Sahara, supporting a proposed $4.5 billion green ammonia facility in the disputed Moroccan-controlled territory. The U.S. is supporting its first green energy project in Western Sahara with a $5.7 million grant for a $4.5 billion green ammonia facility. This…

South Africa has taken a major step towards expanding local-currency trade in Southern Africa after the Angolan kwanza became the second settlement currency on a regional payment system that had operated exclusively in rand for 13 years. Angola’s kwanza has become the second settlement currency on the SADC Real-Time Gross Settlement (SADC-RTGS) platform. The move…

The Zambian government has restricted unrefined copper exports to force foreign mining and industrial companies, especially Chinese firms, to build local processing plants. Zambia has imposed restrictions on the export of unrefined copper to encourage foreign firms to build local processing plants. The policy aims to shift the country from exporting raw minerals to producing…

Operations at one of the world’s largest platinum mining complexes have been temporarily suspended after six worker deaths over the past year and a rise in serious underground safety incidents prompted owner Impala Platinum Holdings (Implats) to halt mining and launch a comprehensive safety overhaul. South Africa’s largest platinum mining complex has suspended operations after…

Africa’s economic recovery could face a major setback after the African Development Bank (AfDB) warned that an unusually powerful El Niño weather event could erase between $10 billion and $20 billion from economies across the continent, slow growth, damage infrastructure and trigger fresh waves of climate migration. AfDB says a powerful El Niño could cost…

The president of Nigeria, Bola Tinubu, is facing calls from prominent energy analyst Dan Kunle (who served as Senior Technical Adviser to the Minister of Energy for Gas during the creation of the 2007–2009 Nigerian Gas Master Plan) to pause commitments on the proposed $25 billion Nigeria–Morocco Gas Pipeline. Energy analyst Dan Kunle urges President…

Daniel Adongo, the former Kenyan rugby player who built his career in South Africa before reaching the NFL, has been deported from the United States after immigration authorities said he overstayed his visa and was convicted of a criminal offence. Former Kenyan rugby player and NFL linebacker Daniel Adongo was deported from the US for…

The BRICS New Development Bank has added Zimbabwe as a member, according to the country’s Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube. Zimbabwe has joined the BRICS New Development Bank, making it eligible for new credit lines and funding opportunities. The announcement was made by Zimbabwe’s Finance Minister, Mthuli Ncube, highlighting the move’s…

The United States has unveiled a sweeping new tariff regime targeting imports from 60 economies, with Nigeria, South Africa, Egypt, Morocco, Algeria, Angola and dozens of other countries set to face a 12.5% tariff as President Donald Trump rebuilds his global trade wall under Section 301 of the Trade Act of 1974. The United States…

Ethio Telecom, Ethiopia’s state-owned telecoms behemoth, claimed a significant rise in profit for the fiscal year 2025/26, owing to rapid subscriber growth, expanded digital offerings, and the sustained success of its mobile money platform, Telebirr. Ethio Telecom reported a net profit of $581 million for 2025/26, up 47.5% from the previous year. Revenue rose to…

Before the Iran war, around 15 million barrels of Persian Gulf oil passed through the Strait of Hormuz every day, making the narrow waterway one of the world’s most critical energy chokepoints. At least seven major pipeline projects are underway or planned to reroute oil exports via the Red Sea, Gulf of Oman, and the…

The Trump administration has unveiled a $500 million U.S.-Africa Strategic Investment Program, signaling a major shift in Washington’s engagement with Africa by prioritizing private sector investment over traditional foreign aid while seeking to secure access to the continent’s vast critical mineral resources. The Trump administration launched a $500 million U.S.-Africa Strategic Investment Program. The initiative…

The Dangote Refinery, controlled by Africa’s richest man, Aliko Dangote, has received backing from some of Africa’s most high-profile institutional investors, raising $2.5 billion in a historic private equity placement that generated record demand. Dangote Refinery has raised $2.5 billion in a record-breaking private equity placement with strong interest from major African and international institutional…

The official state-owned lithium mining arm of Zimbabwe, Mutapa Energy Resources, has secured a $300 million investment to accelerate the development of its lithium assets, marking the latest step in the country’s efforts to bolster its position in the global battery resource market. Zimbabwe’s state-owned Mutapa Energy Resources has secured a $300 million investment to…

Cameroonian billionaire Baba Ahmadou Danpullo has launched a new asset management firm, Danpullo Capital, to organize and shield his estimated $930 million fortune. Baba Ahmadou Danpullo has launched Danpullo Capital, an asset management firm, to organize and protect his $930 million fortune. The firm was unveiled in Douala in partnership with Kessner Capital Management. Danpullo’s…

The former president of Nigeria, Goodluck Ebele Jonathan, recently relayed that the country’s local content strategy for the oil and gas industry was inspired by China’s success in developing a robust domestic petroleum industry. Former Nigerian president Goodluck Jonathan revealed that the country’s oil and gas local content strategy was inspired by China’s petroleum industry.…

The Confederation of African Football (CAF) has accepted the joint declaration of interest submitted by Burkina Faso, Mali and Niger to host the 2032 Africa Cup of Nations (AFCON), allowing the three Sahel nations to move to the next stage of the tournament’s bidding process. CAF has accepted the joint declaration of interest from Burkina…

China’s campaign to expand the global use of the yuan is gaining fresh momentum in Africa, with Angola becoming the latest country to deepen its integration with Beijing’s financial system as one of its biggest commercial banks prepares to join China’s Cross-Border Interbank Payment System (CIPS). Angola’s Banco de Fomento Angola plans to become the…

SpaceX’s Starlink has officially launched commercial satellite internet services in Seychelles, extending its footprint to 28 African countries in a move that signals the company’s strategy is evolving beyond connecting underserved communities to competing in more mature broadband markets. Starlink has launched commercial satellite internet services in Seychelles, expanding its footprint to 28 African countries.…

Microsoft co-founder and philanthropist Bill Gates has recently advised that African leaders urgently need to invest in human capital and technology as foreign aid to the continent decreases. Bill Gates urges African leaders to invest in human capital and technology as foreign aid to Africa declines. African governments face increased financial pressure and must reconsider…

Taifa Gas, the cooking gas company controlled by Tanzanian billionaire Rostam Aziz, is nearing the completion of a $124 million terminal in Mombasa aimed at breaking the duopoly controlling Kenya’s cooking gas imports. Taifa Gas, owned by Tanzanian billionaire Rostam Aziz, is finalizing a $124 million LPG terminal in Mombasa. The 30,000-tonne facility, with expansion…

A major battle over the cost of blockbuster diabetes and weight-loss drugs is unfolding in Africa as South Africa reviews 12 applications for generic versions of semaglutide, the active ingredient in Novo Nordisk’s Ozempic and Wegovy. South Africa’s health regulator is reviewing 12 applications for generic versions of semaglutide, the ingredient in Ozempic and Wegovy.…

Ghana has opened applications for new 5G spectrum licenses that could generate more than $200 million for the government, months after revoking an exclusive infrastructure agreement backed by Indian billionaire Mukesh Ambani. Ghana has launched a new 5G spectrum auction expected to raise over $200 million for the government. The National Communications Authority is offering…

Apple overtook Nvidia on Friday, July 17, 2026, to reclaim its position as the most valuable company in the world. Apple’s market share is growing rapidly in Africa, now accounting for over 15% of smartphones. Apple reclaimed the title of the world’s most valuable company from Nvidia on July 17, 2026. Nvidia’s shares dropped by…

West African leaders on July 19, 2026, signed an ECOWAS agreement approving the construction of a gas pipeline linking Nigeria to Morocco during a summit held in Freetown, Sierra Leone. West African leaders signed an ECOWAS agreement, to construct a $25 billion gas pipeline linking Nigeria to Morocco. The 6,000 km pipeline will transport natural…

A new report has revealed that China’s mining company, Zijin has started exporting lithium concentrate from its Manono project in the Democratic Republic of Congo. The shipments mark the first time the African country has exported lithium. Zijin, a Chinese mining company, started exporting lithium concentrate from the Manono project in the DRC. African countries…

South Africa intends to draw in $46 billion (750 billion rand) for an industrial push to establish initiatives classified as specialized industrial hubs. South Africa aims to attract $46 billion in investments by April next year to boost its manufacturing sector through specialized industrial hubs. The government plans to raise about R200 billion from various…

One of Africa’s biggest natural gas opportunities is entering a defining phase, but Mozambique’s local businesses have been told they cannot rely on government protection to secure a share of the country’s multibillion-dollar LNG industry. Mozambique’s LNG projects could unlock more than $50 billion in investment. Eni says local firms must meet global standards to…

Aliko Dangote is nearing the completion of a $2.5 billion private share placement for his refinery business, marking a major step toward what could become Africa’s largest initial public offering (IPO). Aliko Dangote is close to completing a $2.5 billion private share placement for his refinery, valuing it at about $40 billion. The private offering…

The British government on July 16, 2026, imposed targeted sanctions on 11 individuals and entities suspected of facilitating the conflict gold trade and financial networks fueling the ongoing war in Sudan. The British government imposed targeted sanctions on 11 individuals and entities linked to the conflict gold trade fueling Sudan’s war. The sanctions focus on…

Nigeria is taking one of its boldest steps yet to tighten oversight of its foreign exchange market, introducing a centralised digital system that will allow regulators to track every official dollar purchase made by licensed Bureau De Change (BDC) operators from banks in near real time. Nigeria’s central bank has launched a digital platform to…

As recently reported, the South African subsidiary of Japan’s largest car manufacturer, Toyota South Africa Motors (TSAM), has completed more than 77% of its 10.4 billion rand ($634 million) investment programme to manufacture the next-generation Hilux pickup truck. Toyota South Africa Motors has completed over 77% of its R10.4 billion investment program to manufacture the…

Scientists have discovered a previously undiscovered monkey species, Likweli, deep within the Democratic Republic of the Congo’s jungles, highlighting the Central Congo Basin’s incredible biodiversity and the critical need for its protection. Scientists have discovered a new monkey species, Colobus congoensis, in the Democratic Republic of the Congo’s jungles. The discovery involved genetic research, audio…

South Africa is looking to ensure that its relationship with fellow African countries remains untainted following an ugly episode of xenophobia and anti-immigration demonstrations that swept the country over the last few months. South Africa has faced backlash from other African countries due to recent xenophobic and anti-immigration protests targeting African nationals. Some countries, including…

DRDGOLD, a South African gold producer, has reached a significant milestone in its Vision 2028 expansion strategy by completing the new elution circuit and smelt house at its Far West Gold Recoveries (FWGR) Driefontein 2 (DP2) facility, resulting in the successful production of its first gold bar. DRDGOLD has completed a new elution circuit and…

Canada’s Montage Gold is wasting little time turning its latest acquisition into a future mine, underscoring growing confidence in Côte d’Ivoire as one of Africa’s fastest-growing gold investment destinations. Canada’s Montage Gold has launched a $13.5 million exploration programme to fast-track the Didiévi project into its second producing mine in Côte d’Ivoire. The investment comes…

For Taiwo Akinropo, HeyFood wasn’t born out of a love for restaurants. It began with a fascination for broken systems. After leaving the University of Ibadan, he built HeyFood into one of Nigeria’s leading food delivery platforms, processing more than ₦6.1 billion in transactions. Now, he’s betting on autonomous AI, believing Africa should build—not just…

Nigeria has approved a major tax incentive for Shell Plc’s planned deepwater oil project as President Bola Tinubu’s administration intensifies efforts to revive investment in the country’s struggling petroleum sector. Nigeria has approved a significant tax incentive for Shell’s Bonga Southwest Aparo deepwater oil project, offering a $11.50 rebate per barrel produced. This incentive, over…

Botswana recently received another C-130H Hercules, an American four-engine turboprop military transport aircraft. Botswana received another C-130H Hercules military transport aircraft from the United States, strengthening its airlift capability. The donation marks a significant milestone in US-Botswana bilateral relations and comes through the Excess Defence Articles (EDA) programme. Botswana previously received a C-130H in May…

A trust linked to the family that founded Famous Brands, Africa’s largest restaurant franchisor, has reduced its stake in the company after selling shares worth about $129,000 (R2.1 million), according to regulatory filings. A trust linked to Famous Brands’ founding family has sold shares worth about $129,000 (R2.1 million). The disposal represents less than 0.6%…

For decades, African countries have relied heavily on external powers to secure their borders. African nations have historically depended on foreign technology for border security and defense hardware. Terra Industries, founded in 2024, is a West African startup locally designing and manufacturing drones, surveillance towers, and ground vehicles. Over 70% of Terra’s manufacturing inputs are…

For Damilola Olokesusi, Shuttlers wasn’t born from a single idea. It grew out of years of navigating Lagos’ transport chaos, a family tragedy, and a vision for better mobility. In this edition of Meet the Founder, she shares how she built Shuttlers into a company that has raised over $5 million and completed more than…

Kenya expects a proposed oil refinery backed by Africa’s richest man, Aliko Dangote, to create about 60,000 jobs as the country pushes to establish itself as East Africa’s leading energy hub. President William Ruto says Kenya has reached an agreement with Aliko Dangote to move ahead with a proposed refinery in Lamu. The project is…

Egypt has publicly displayed its Russian-made S-300VM air-defence system for the first time, more than a decade after reports emerged that Cairo had acquired the equipment under a contract worth more than $1 billion as part of a wider $3.5 billion arms package signed with Russia in 2014. Egypt has publicly displayed its Russian-made S-300VM…

South Africa’s largest truck manufacturer, Isuzu Motors South Africa (IMSA), has warned that soaring electricity costs are placing growing pressure on the country’s manufacturing sector, urging the government to extend energy price relief to industrial users to help safeguard competitiveness. Isuzu Motors South Africa warns that soaring electricity costs threaten the competitiveness of the country’s…

Africa’s fight against corruption is showing signs of recovery after years of setbacks, with several countries strengthening oversight and accountability even as public confidence in anti-corruption efforts remains fragile. Africa’s average Anti-Corruption score improved from 38.6 in 2016 to 39.1 in 2025, marking a recent recovery after setbacks. Rwanda and Seychelles top the continent’s anti-corruption…

A.P. Moller-Maersk, the world’s second-largest container shipping company, is resuming more services through the Suez Canal after nearly three years of disruption caused by attacks on commercial vessels in the Red Sea. Maersk is resuming its Middle East-U.S. East Coast shipping service through the Suez Canal, reflecting growing confidence in the route after disruptions from…

The East African country of Ethiopia garnered $4.32 billion in foreign direct investment (FDI) for the fiscal year 2025/26, indicating that increased investor confidence continues to execute broad economic reforms. Ethiopia attracted $4.32 billion in foreign direct investment (FDI) for the fiscal year 2025/26, an 8% increase over the previous year. The investment figure may…

Economists are warning of severe macroeconomic blowback, noting that a mass departure of foreign nationals from South Africa risks crippling key labor markets and the local business ecosystems that protesters claim they want to protect. Economists warn that mass departures of foreign nationals from South Africa could cripple key labor markets and business ecosystems. Intense…

JSE-listed Optasia posted 50–60% revenue growth for the first half of 2026, driven by expansion outside Nigeria, even as the company’s oldest African market grapples with an unresolved regulatory dispute over airtime credit. Optasia reported 50–60% revenue growth for H1 2026, mainly due to expansion outside of Nigeria. Adjusted EBITDA improved by 40–50%, and the…

Russia has offered to help Mozambique combat the Islamist insurgency in Cabo Delgado, positioning itself around one of Africa’s most strategically important energy regions as the country races to revive tens of billions of dollars in liquefied natural gas (LNG) investments. Russia has offered to help Mozambique fight the Islamist insurgency in Cabo Delgado, a…

Anti-immigration demonstrations in South Africa escalated sharply on Thursday as organized groups conducted door-to-door evictions in Johannesburg, forcibly removing foreign nationals from their homes. Anti-immigration protests in South Africa have intensified, with groups forcibly evicting foreign nationals from their homes in Johannesburg. West African countries have ramped up evacuation and repatriation missions, with Ghana and…

The US-based helicopter manufacturer, MD Helicopters, recently announced the shipment of its MD-530F model to Zimbabwe. MD Helicopters has delivered its first MD-530F helicopter to an operator in Zimbabwe. The helicopter was shipped to a wildlife conservation organization after approval from the company’s Arizona facility. MD Helicopters provides turnkey delivery services including logistics and aircraft…

Soldiers under the Russian paramilitary Africa Corps in Mali suffered an attack in the northern part of the West African country, according to three security sources ‌and a spokesperson for the armed group. Fighters with Russia’s Africa Corps suffered an attack in northern Mali, targeting a convoy of over 200 Russians and 100 Malian soldiers.…

Travel between Nigeria and the United States is entering a new phase after both countries announced separate changes to their visa systems, altering how visas are issued and processed for travellers. The U.S. has shortened most non-immigrant visa validity for Nigerians to single-entry, three-month visas, affecting new applications only. Existing U.S. visas issued to Nigerians…

The Dangote Group appears set to influence Nigeria’s downstream petroleum industry with a free petrol delivery scheme, providing bulk purchasers direct access to gasoline for ₦1,075 per litre in chosen states. Dangote Group is launching a free gasoline delivery scheme for bulk buyers at ₦1,075 per litre in select Nigerian states. The scheme targets high-volume…

The ECOWAS Bank for Investment and Development (EBID) plans to double its balance sheet to $4.4 billion over the next five years as it seeks to narrow West Africa’s estimated $36 billion annual infrastructure financing gap. EBID aims to double its balance sheet to $4.4 billion in five years to help narrow West Africa’s $36…

Tanzania has significantly boosted its gold reserves, acquiring over 28 metric tons in the last 18 months as part of a campaign to enhance foreign reserves and stabilize the country’s currency. Tanzania has increased its gold reserves by over 28 metric tons in the past 18 months to support foreign reserves and stabilize its currency.…

The South African police have refuted claims that the Nigerian man who lost his life in their custody was a victim of xenophobia. South African police denied that a Nigerian man who died in their custody was a victim of xenophobia. The Nigerian government accused South African law enforcement of xenophobic violence and threatened international…

South Africa’s plan to unlock one of the world’s largest shale gas resources has encountered a new challenge after scientists identified previously unknown fault lines beneath the Karoo Basin, raising concerns about potential seismic risks linked to future exploration. Scientists have discovered previously unknown fault lines beneath South Africa’s Karoo Basin. The Karoo Basin is…

Niger State has allocated 500 hectares of land to Abuja Steel Mills Limited, a subsidiary of Raj Gupta’s African Industries Group (AIG), for the construction of what the company says could become sub-Saharan Africa’s largest solar-powered steel manufacturing facility, alongside a new industrial park. Niger State has allocated 500 hectares of land to Abuja Steel…

Nigerian tycoon Tony Elumelu is set to leave the chairmanship of United Bank for Africa Plc after 12 years, closing a major banking chapter as a new oil and gas boardroom role comes into view. Tony Elumelu will step down as chairman of United Bank for Africa (UBA) in August 2026 after reaching the tenure…

London-listed Genel Energy has agreed to acquire Capricorn Energy in a $360 million all-cash deal, giving it a major foothold in Egypt as it seeks to reduce its reliance on oil assets in Iraq’s conflict-prone Kurdistan region. UK-listed Genel Energy has agreed to acquire Capricorn Energy in a $360 million all-cash deal. The acquisition gives…

The Democratic Republic of Congo, the source of about 70% of the world’s cobalt and the world’s second-largest copper producer, does not expect this year’s output of the critical minerals to suffer despite supply chain disruptions triggered by the recent conflict in the Middle East, a senior mining official told Reuters. DR Congo expects no…

Like the United States’ defense center, which derives its name directly from its geometric design, Egypt’s new defense center, The Octagon, is constructed based upon an eight-sided architectural concept. Egypt has inaugurated The Octagon, a new State Strategic Command Headquarters in the New Administrative Capital. The Octagon’s design features eight octagonal buildings symbolizing balance and…

Marriott International, the world’s largest hotel company, has ended its 34-year beverage partnership with PepsiCo and signed a global agreement with Coca-Cola, marking one of the biggest shifts in the long-running rivalry between the two soft drink giants. Marriott International has ended its 34-year partnership with PepsiCo and signed a global beverage agreement with Coca-Cola.…

Some of the world’s largest cobalt producers are racing to avoid losing their export quotas in the Democratic Republic of Congo after a government administrative failure prevented companies from processing shipments ahead of a key regulatory deadline. Major cobalt producers in the Democratic Republic of Congo, including Glencore and CMOC, fear losing export quotas after…

The United States has said it will stop supporting United Nations logistical assistance for the African Union peacekeeping mission in Somalia from next year, a move that could jeopardise one of Africa’s largest and longest-running security operations. The U.S. will stop backing U.N. support for the AU mission in Somalia. The decision takes effect from…

The global race to secure the minerals powering artificial intelligence, clean energy and advanced defence technologies is accelerating. Africa should be one of its biggest winners. Africa holds over a quarter of the world’s critical mineral reserves. Yet fewer than 10% of projects are moving towards production. McKinsey says the continent could unlock $40bn in…

Burkina Faso, Mali and Niger have officially begun the year-long legal process of withdrawing from the International Criminal Court (ICC), marking another significant step in the three military-led governments’ effort to distance themselves from Western-backed international institutions. Burkina Faso, Mali, and Niger have started the legal process to withdraw from the International Criminal Court (ICC),…

Tanzania has become the latest African country to join the United States’ new co-investment health model, signing a five-year $3.1 billion partnership that signals Washington’s shift from traditional foreign aid to shared financing, even as similar agreements face scrutiny over data sovereignty and access to strategic resources. Tanzania has signed a $3.1 billion five-year health…

Cameroon has removed 39 vessels from its national ship registry after an official investigation found they were fraudulently operating under the country’s flag as part of Russia’s so-called “shadow fleet,” highlighting growing international efforts to crack down on sanctions evasion in the global oil trade. Cameroon has removed 39 vessels from its ship registry after…

Africa’s third-largest gold producer , Mali has launched a new state agency to regulate its sprawling artisanal gold industry after authorities uncovered major discrepancies between the country’s officially declared gold exports and the volumes recorded by importing countries, highlighting the scale of illicit trade draining billions of dollars from one of Africa’s largest gold producers.…

The Democratic Republic of Congo (DRC) is in the process of initiating its inaugural stock exchange, as the emergence of AI is driving demand for some of the country’s most critical minerals. The Democratic Republic of Congo is launching its first stock exchange next year, featuring both the Congolese franc and the US dollar. The…

Russia recently handed over a mobile laboratory to Namibia to aid the Southern African country in early disease detection. Russia has given Namibia a mobile laboratory to help with early disease detection and strengthen the country’s biological protection. The pneumoframe mobile lab can perform over 800 tests daily and is valued at more than N$13…

The world’s largest e-commerce and online retail store, Amazon, is investing heavily in removing South Africa’s carbon credits. Amazon is investing in the removal of 1.95 million tons of carbon credits through a nature-based program in South Africa’s Eastern Cape. The initiative is backed by the World Bank’s Spekboom Outcome Bond and meets top international…

Seychelles’ tourism industry is showing fresh signs of losing momentum after powering the island nation’s economy to record growth last year, with new data revealing fewer international visitors and a sharp decline in cruise tourism as global travel headwinds begin to weigh on Africa’s richest island economy. Seychelles’ visitor arrivals fell in May and remain…

Saudi Arabia has accredited Saad Misfer Ahmed Almimoni as its ambassador to Burkina Faso, adding fresh diplomatic weight to relations between Riyadh and Ouagadougou at a time when the West African country is moving further away from France. Saudi Arabia has accredited Saad Misfer Ahmed Almimoni as its ambassador to Burkina Faso, marking a strengthened…

Africa’s richest man, Aliko Dangote, is preparing a major expansion of his industrial empire in Tanzania, with plans spanning power generation, fertiliser production, transport infrastructure, ports and a special trade zone following high-level investment talks with President Samia Suluhu Hassan in Dar es Salaam. Aliko Dangote plans a major expansion of his investments in Tanzania…

Baba Ahmadou Danpullo is making one of the boldest private infrastructure bets in African aviation, committing almost the equivalent of his entire estimated fortune to launch a new airline in a region where governments have spent decades struggling to build sustainable national carriers. Francophone Africa’s richest billionaire, Baba Ahmadou Danpullo, plans to invest 500 billion…

The United States has reduced operations at four of its diplomatic missions in South Africa as nationwide anti-illegal immigration protests, which have heightened concerns over xenophobic violence, get underway. The US has reduced operations at four diplomatic missions in South Africa due to nationwide anti-illegal immigration protests. These protests are calling for stricter immigration enforcement…

The United States’ plan, spearheaded by the country’s president, Donald Trump, to send illegal migrants to third-party countries has resulted in a lawsuit against the West African country of Ghana. The US under President Donald Trump implemented a plan to deport illegal migrants to third-party countries, leading to a lawsuit against Ghana. A legal team…

Canadian rapper Drake won more than $1 million after Canada beat South Africa in the FIFA World Cup Round of 32, ending Bafana Bafana’s historic run and adding another chapter to the musician’s record of high-stakes sports betting, four years after he lost a £837,000 wager on Argentina in the 2022 final. Drake won over…

Africa’s largest refinery has purchased crude oil from the United Arab Emirates for the first time, widening its supplier base as persistent shortages of Nigerian crude continue to complicate efforts to feed one of the world’s biggest single-train refining complexes. Dangote Refinery has bought crude oil from the UAE for the first time, marking its…

More than 50 million Africans have gained access to electricity in less than three years under a World Bank-backed initiative aimed at tackling the continent’s chronic power deficit, with Tanzania, Ethiopia and Nigeria accounting for the largest share of new connections as Africa accelerates efforts to power economic growth. More than 50 million Africans gained…

About three years after ordering 400 French special forces to leave its territory, Burkina Faso has taken its most consequential step yet in dismantling decades of French influence by formally severing diplomatic relations with France. Burkina Faso has formally severed diplomatic relations with France, ending decades of French influence. The government accused France of harboring…

A strong and stable currency might be one of the most significant assets that an African country can have. A strong and stable currency benefits African countries by lowering import costs, controlling inflation, and boosting investor confidence. Countries with strong currencies can purchase imported goods, such as petroleum and machinery, at lower prices, enhancing buying…

President Trump’s administration has escalated its campaign against the illicit mineral trade in Central Africa by sanctioning a Kigali-based gold refinery that it says sits at the heart of a sophisticated network smuggling conflict gold from the Democratic Republic of the Congo (DRC). The U.S. sanctioned Gasabo Gold Refinery in Kigali for allegedly refining and…

African economies heavily dependent on imported fuel could be set for some relief after shipping activity through the Strait of Hormuz surged to its highest level since conflict disrupted one of the world’s most important energy corridors. Shipping activity through the Strait of Hormuz has surged, with a record 78 vessels passing on June 24,…

Africa is spending billions of dollars to tackle one of its biggest barriers to economic growth, access to reliable electricity. As African countries invest billions to expand electricity access, oil producers worldwide burned an estimated $54 billion worth of natural gas in 2025, according to the World Bank. The report says the wasted gas could…

Nigeria, Libya and Algeria have been listed among the world’s biggest gas-flaring countries, raising fresh concerns over Africa’s ability to turn its oil and gas resources into power, revenue and industrial growth. Nigeria, Libya and Algeria are among the nine countries responsible for most global gas flaring. The World Bank said the top nine countries…

Africa is facing a fresh energy paradox: the world is burning off enough natural gas to match the continent’s annual consumption while millions of people still lack reliable electricity. Global gas flaring rose to 167 billion cubic metres in 2025, the highest level since 2019. The World Bank said the volume was comparable to Africa’s…

The United Arab Emirates (UAE) has introduced a new visa policy that grants visa-on-arrival access to Kenyan passport holders who possess valid residence permits issued by the United States or a member state of the European Union. The UAE has introduced visa-on-arrival access for Kenyan passport holders with valid US or EU residence permits. This…

Paramount Group, Africa’s largest private defence company, has unveiled a new light armoured vehicle with India’s Kalyani Strategic Systems Limited, as African and Asian defence manufacturers deepen partnerships to supply armed forces across emerging markets. The Simha 4×4 is designed for versatility, including roles in urban warfare, border protection, special operations, and troop transport, with…

Nigerian oil billionaire Mohammed Indimi is set to receive a dividend of about N1.44 billion ($1.05 million) after shareholders of Jaiz Bank approved a higher cash payout following another year of strong earnings growth. Oil billionaire Mohammed Indimi is entitled to a N1.44 billion ($1.05 million) dividend from Jaiz Bank after shareholders approved a higher…

Nigeria’s biggest stock market selloff this year wiped more than $1 billion from the fortune of industrialist Abdul Samad Rabiu, underscoring how sharp swings in the country’s equity market can rapidly reshape the wealth of Africa’s richest business leaders. Abdul Samad Rabiu’s fortune fell by $1.02 billion after BUA Cement shares dropped 10%. The Nigerian…

The Swiss luxury firm Richemont, controlled by Africa’s second richest man, Johann Rupert, formally inaugurated a significant extension of its leather goods production plant in Scandicci, an Italian town close to Florence, on June 23. Richemont has expanded its leather goods production plant in Scandicci, Italy, increasing the facility’s size from 5,000 to 12,000 square…

The UK-based mining company, Vedanta Resources, has taken the calculated decision to slightly divest one of its assets in an attempt to raise funds for its mining operations in Zambia. Vedanta Resources plans to sell an 11.8% stake in its U.S. division, CopperTech Metals Inc, to raise up to $429 million. Most of these funds…

For quite a number of Nigerian travellers going to other destinations today, the journey does not end at arriving at the airport. In fact, a new one begins there. Nigerian travellers increasingly face payment and connectivity challenges abroad, including card restrictions and delayed mobile data access. As international travel becomes more digital, demand is growing…

Angola’s push to strengthen its place among Africa’s major oil producers has received another boost after Azule Energy awarded a $1 billion contract to Italian contractor Saipem for work on the Greater PAJ project. Saipem has won a $1 billion contract to build offshore infrastructure for Angola’s $5.1 billion Greater PAJ oil project. The contract…

As conflict, terrorism and geopolitical tensions continue to weigh on global stability, a handful of African countries have managed to stand out as islands of peace. Global peacefulness has declined for the 15th time in 18 years, dropping by 0.7% in the last year according to the Global Peace Index 2026. Ongoing conflicts, rising geopolitical…

Libya’s House of Representatives has criticised US Vice President JD Vance after he compared the risk of Iran’s collapse to Libya’s post-2011 instability, a period that disrupted the country’s oil-dependent economy and left it divided between rival political and armed factions. Libya’s House of Representatives criticized US Vice President JD Vance for comparing Iran policy…

The Nigerian billionaire Femi Otedola recently labelled Africa’s richest man, Aliko Dangote, as a “$200 billion man in the waiting,” just days after Dangote hinted at being worth over $38 billion. Femi Otedola called Aliko Dangote a “$200 billion man in the waiting” after hosting him in Monaco. Dangote’s wealth is expected to soar due…

The 650,000-barrel-per-day Dangote Refinery, according to recent data, imported an estimated 1.46 billion litres of intermediates and gasoline blendstock. The Dangote Refinery imported 1.46 billion litres of intermediates and gasoline blendstock between January and May. Despite increased crude oil access, the refinery continues to rely on imported intermediates to maintain and optimize gasoline output. Average…

Kenya is reviving a $1.2 billion expansion of Nairobi’s main airport, months after abandoning a controversial Adani-linked deal that had triggered public anger, legal scrutiny and political pressure. Kenya has appointed AFC and TDB to arrange financing for a $1.2 billion upgrade of Jomo Kenyatta International Airport. The project comes after Kenya cancelled a proposed…

Ireland has deported 42 South African nationals who were living illegally in the country, at an initial cost of €735,000 ($853,000), as South Africa faces renewed debate over migration, xenophobia and the presence of undocumented foreign nationals. Ireland deported 42 South African nationals living illegally in the country, at an initial cost of €735,000. Deportation…

Kenya’s plan to modernize its main international airport has evolved into one of the country’s most controversial infrastructure projects, drawing in Indian billionaire Gautam Adani, Zimbabwean businessman Wicknell Chivayo, Chinese contractors, labor unions, courts and senior government officials. Kenya’s plan to expand Nairobi’s Jomo Kenyatta International Airport has become a highly controversial project involving multiple…

Aliko Dangote, Africa’s richest man, has stated that his true worth may be substantially higher than the figures currently published by global wealth trackers, noting that some of his most valuable firms are privately held. Aliko Dangote claims his real net worth is much higher than global wealth trackers estimate, as many of his valuable…

Africa’s uranium industry is becoming a strategic front in the global race for nuclear fuel, as rising reactor demand, supply-security concerns and resource nationalism draw fresh attention to the continent’s reserves. Africa is becoming increasingly significant in the global uranium industry due to growing nuclear reactor demand and geopolitical interest in nuclear fuel supply. Namibia,…

The European Parliament has called on the European Commission to withdraw its proposed €156 million (about $179 million) funding package for Tanzania, escalating tensions between Brussels and Dar es Salaam over allegations of electoral fraud and human rights violations. The EU has urged the European Commission to withdraw €156 million in proposed funding for Tanzania.…

Ukraine is deepening its engagement with Africa by combining food security diplomacy with technology partnerships, as Kyiv seeks to convert its “Grain from Ukraine” initiative into a broader platform for long-term economic cooperation across the continent. Ukraine is shifting its ‘Grain from Ukraine’ initiative from humanitarian aid to a platform for long-term economic cooperation in…

Toyota Motor Corp. shareholders have backed Akio Toyoda’s continued grip on the world’s top-selling automaker, re-electing the founding-family heir as chairman as the company pursues a $33 billion supplier buyout and leans on resilient sales in Africa. Akio Toyoda was re-elected as chairman of Toyota, reinforcing the founding family’s influence as the company pursues a…

Zimbabwe has licensed a second gold refinery as it moves to expand its processing capacity amid rising output of the precious metal and growing pressure on its existing infrastructure. Zimbabwe has approved a second gold refinery in Bulawayo to expand processing capacity as gold output rises. The current state-owned facility, Fidelity Gold Refinery, may soon…

Libya’s push to reclaim its position as one of Africa’s leading oil producers gained fresh momentum after the country reported encouraging production rates from a newly drilled well in the Al-Khair oilfield. Libya has reported strong production rates from a newly drilled well at the Al-Khair oilfield. The development comes as the country pushes to…

The United Kingdom has imposed new sanctions targeting a Nigeria-linked entity accused of being part of a wider financial network used to support Russia’s war effort and bypass Western restrictions. The UK has imposed new sanctions targeting a Nigeria-linked entity accused of supporting Russia’s financial networks. These actions are part of a broader G7 package…

Kenya is close to signing a critical minerals agreement with the United States that would allow rare earths and other strategic minerals to be processed domestically, marking a significant step in the country’s efforts to capture more value from its natural resources. Kenya is nearing a critical minerals agreement with the United States. The proposed…

Morocco’s fuel-price debate has become bigger than petrol stations. It is now a test of power, privilege and who pays when an import-dependent economy is exposed to global energy shocks. Morocco’s parliament has rejected proposals to cap fuel prices and nationalise the Samir refinery. But the debate has revived scrutiny of Prime Minister Aziz Akhannouch,…

Controversial Zimbabwean businessman Wicknell Chivayo, who maintains close ties to Kenyan President William Ruto, has secured a stake in the $2.9 billion expansion of Jomo Kenyatta International Airport (JKIA). Zimbabwean businessman Wicknell Chivayo, connected to Kenya’s President William Ruto, has obtained a stake in the $2.9 billion expansion of Nairobi’s Jomo Kenyatta International Airport. Chivayo’s…

Bombardier has confirmed that a private jet owned by Africa’s third-richest man, Abdulsamad Rabiu, is the first delivery of its flagship Bombardier Global 8000 on the continent, marking a milestone for Africa’s private aviation market. Abdulsamad Rabiu, Africa’s third-richest man, has acquired the continent’s first Bombardier Global 8000, a state-of-the-art long-range business jet. The Bombardier…

Morocco has secured a place among the world’s largest silver-producing nations, standing out as the only African country on a new global ranking of top silver producers compiled by Visual Capitalist. Morocco is now one of the world’s largest silver producers and the only African country in the top global ranking by Visual Capitalist. The…

The global shipping industry has spent nearly two years rerouting vessels around Africa as attacks in the Red Sea disrupt one of the world’s most important trade corridors. Yet South Africa, the country best positioned to benefit from the shift, is struggling to seize the opportunity. Cape Town has been ranked the world’s worst-performing container…

Behind every salary payment, ATM withdrawal, online purchase and stock market trade in South Africa sits a financial system that most people never see. South Africa’s SAMOS payments platform processes about R584 billion ($32.4 billion) daily. Roughly 90% of transaction value is settled in real time, reducing risks in the banking system. The Reserve Bank…

Millions of dollars are moving into and out of Nigeria through smartphones, digital wallets, and dollar-backed crypto assets, creating a new challenge for Africa’s most populous economy. Nigeria received about $59 billion in crypto inflows between July 2023 and June 2024, according to IMF-cited data. Stablecoins have become a major tool for remittances, trade payments…

Israel has imposed sweeping travel restrictions on foreign nationals from five African countries following concerns over the spread of Ebola, drawing a sharp protest from Kenya, which says it has not recorded a single case of the disease. Israel has imposed strict travel restrictions on foreign nationals from five African countries due to Ebola concerns.…

According to recent industry data quoted by S&P Global, the Dangote Oil Refinery’s rapid production is drastically altering fuel trade patterns throughout West Africa, causing a sharp decline in imported clean refined fuel. The Dangote Oil Refinery in Nigeria has rapidly increased production, significantly reducing West Africa’s need for imported refined petroleum products. West Africa’s…

Indian textile manufacturer Prestige Denim Mills plans to invest $20 million in a denim production facility in Egypt, adding to a wave of foreign textile projects in Africa’s second-largest economy. Prestige Denim Mills from India will invest $20 million in a denim production facility in Egypt’s West Qantara Industrial Zone, marking the first Indian investment…

Canada has joined the United States in blocking African participants from the 2026 FIFA World Cup after denying Ghana midfielder Thomas Partey a visa, a decision that has triggered a diplomatic protest from Accra and renewed concerns over cross-border travel during the tournament. Canada denied Ghanaian midfielder Thomas Partey a visa, preventing him from playing…

Australia has joined the United States and the United Kingdom in warning citizens travelling to South Africa about elevated security risks, citing violent crime, public unrest, and growing concerns linked to anti-immigration protests. Australia has joined the US and UK in warning about increased security risks for travellers to South Africa due to violent crime…

South Africa will begin charging foreign governments for the cost of deporting their nationals who violate immigration laws, in a policy shift signaling a tougher stance on undocumented migration and mirroring hardline approaches seen in the United States under President Donald Trump. South Africa plans to charge foreign governments for the costs associated with deporting…

Family Bank will begin trading on the Nairobi Securities Exchange (NSE) on June 23 after receiving approval from Kenya’s Capital Markets Authority (CMA), marking the culmination of a decades-long journey from a small building society into one of the country’s largest mid-tier lenders. Family Bank will begin trading on the Nairobi Securities Exchange on June…

Wesizwe Platinum has resumed trading on the Johannesburg Stock Exchange (JSE) after a year-long suspension, but the return to the market comes as the Chinese-backed miner pushes ahead with a restructuring plan that could affect nearly 500 workers and reshape the future of its flagship Bakubung mine. Wesizwe Platinum has resumed trading on the JSE…

Nigeria’s Senate has ordered the arrest of former state oil company chief Mele Kyari, who is said to be receiving medical treatment in Germany, after he repeatedly failed to appear before lawmakers investigating ₦210 trillion, about $154 billion, in disputed financial entries at the Nigerian National Petroleum Company. Nigeria’s Senate has ordered the arrest of…

Kenya has selected a Chinese construction giant to carry out a $2.9 billion expansion of its main international airport, two years after a previously proposed 30-year concession deal with billionaire Gautam Adani‘s company was cancelled. Kenya has chosen China Communications Construction Co. to carry out a $2.9 billion upgrade of Nairobi’s Jomo Kenyatta International Airport.…

South African billionaire Johann Rupert has secured approval for one of the country’s biggest healthcare transactions in recent years, strengthening his control over a network of 50 hospitals and nearly 9,000 beds as debates intensify over the future of private healthcare under the government’s National Health Insurance (NHI) plans. South Africa’s Competition Tribunal has approved…

Egyptian billionaire Naguib Sawiris is preparing to expand his presence in Greece’s luxury tourism market with a new five-star resort in Mykonos, expected to open in May 2027. Egyptian billionaire Naguib Sawiris is developing a five-star resort in Mykonos, set to open in May 2027. The project, worth over €100 million, targets the high-end international…

China’s Hengli Petrochemical has purchased at least 2 million barrels of West African crude as the privately owned refiner seeks to distance itself from sanctioned oil supplies and improve its chances of being removed from a U.S. blacklist. China’s Hengli Petrochemical bought at least 2 million barrels of West African crude as it improves chances…

After years of debt distress, currency crises and investor flight triggered by the COVID-19 pandemic and rising global interest rates, several African economies are beginning to regain the attention of international investors. Foreign investors are showing renewed interest in several African economies after years of market turbulence. Reforms in countries including Nigeria, Ghana, Egypt and…

Exploration work at Namibia’s Uis Project in the Erongo Region has returned new results pointing to a broad zone of mineralisation at the K9 pegmatite target, reinforcing the site’s growing importance in the country’s critical minerals sector. Exploration at Namibia’s Uis Project has identified a broad mineralised zone at the K9 pegmatite. Trenching revealed high-value…

The Trump administration says it has dismantled organised birth tourism networks spanning Africa and Europe, revoking hundreds of visas as Washington intensifies efforts to curb what it considers abuse of America’s birthright citizenship system. The Trump administration says it has dismantled birth tourism networks across Africa and Europe, revoking hundreds of visas. U.S. officials claim…

Nigeria’s Dangote refinery has reduced operating rates at its main gasoline-producing unit by 34% since May 21, raising concerns about fuel supply and export volumes at a time when global oil markets are already under pressure. Africa’s largest refinery has reduced operating rates at its key petrol-producing unit by 34% since May 21. The affected…

When Africa’s largest airline appears unwilling to accept a country’s currency, the problem usually extends far beyond aviation. Ethiopian Airlines has come under criticism following reports that it stopped accepting Sudanese pounds for ticket purchases in Port Sudan. The dispute comes as the Sudanese pound trades around 4,000-4,100 per dollar on the parallel market amid…

Europe’s quest for new energy supplies is breathing fresh life into two of Africa’s most ambitious gas infrastructure projects, with a combined value of roughly $38 billion. Europe is showing renewed interest in the Nigeria-Morocco Atlantic Gas Pipeline and the Trans-Saharan Gas Pipeline, worth a combined $38 billion. These pipelines could significantly transform Africa’s role…

Jim Ovia, the founder of Zenith Bank, is expanding his footprint in Nigeria’s luxury real estate market, betting that high-end property offers stronger returns than traditional banking investments. Jim Ovia, founder of Zenith Bank, is investing heavily in Nigeria’s luxury real estate market, seeing it as more profitable than traditional banking. His company, Quantum Luxury…

The International Monetary Fund (IMF) has raised concerns over Nigeria’s proposed $5 billion borrowing arrangement with First Abu Dhabi Bank, warning that such financial structures may be opaque, complex and difficult to fully assess in terms of risk exposure. The IMF expressed concerns over Nigeria’s proposed $5 billion borrowing from First Abu Dhabi Bank. The…

Rwanda has secured official approval for a new $250 million financing package from the International Monetary Fund (IMF), providing a critical buffer for one of Africa’s fastest-growing economies as rising global uncertainty and the ongoing conflict in the Middle East threaten to slow growth and fuel inflation. Rwanda has secured a $250 million, 38-month IMF…

Tanzania is seeking more than $2 billion in Russian investment and business deals over the next three to five years as East Africa’s second-largest economy deepens ties with Moscow following a diplomatic fallout with the United States and European Union. Tanzania is seeking over $2 billion in Russian investments and business deals within the next…

Italian energy major Eni has entered Gambia’s upstream oil and gas sector for the first time after securing an offshore exploration licence in a move that expands its footprint across one of Africa’s fastest-growing energy regions. Italian energy giant Eni has entered Gambia’s oil and gas sector after securing an offshore exploration licence for the…

The United Arab Emirates (UAE) has introduced emergency visa and travel restrictions targeting three African nations as authorities seek to contain the impact of an intensifying Ebola crisis. The UAE has imposed emergency travel restrictions on the DRC, Uganda, and South Sudan due to an Ebola outbreak. All new visas for citizens of these countries…

Africa’s five most militarised economies spent more than $33 billion on defence in 2025, highlighting how a small group of countries continues to dominate the continent’s military expenditure amid persistent security pressures. Africa’s five most militarised economies spent over $33 billion on defence in 2025, dominating the continent’s military expenditure. These countries’ military spending is…

Fifteen years after NATO’s intervention plunged Libya into prolonged instability, North Africa is witnessing a new military build-up led by Algeria and Morocco, which spent a combined $31.7 billion on defence in 2025 as they expanded rival fighter-jet programmes backed by Russia and the United States. Algeria and Morocco significantly increased their military spending in…

Sub-Saharan Africa has the largest informal workforce in the world, with nearly 88% of workers operating outside the formal economy, a trend that is weakening government finances, limiting economic growth, and making it harder for countries to improve their creditworthiness, according to Moody’s Ratings. Nearly nine out of every 10 workers in Sub-Saharan Africa are…

Millions of Nigerians are working, but many remain trapped in low-paying informal jobs that earn only a fraction of what formal employees take home, according to a new report by Moody’s Ratings. Nigerian informal workers earn nine times less than workers in the formal sector, according to Moody’s Ratings. The report exposes a major wage…

South Africa is mounting a formal challenge to a new U.S. tariff proposal that could further strain trade ties between Africa’s most industrialized economy and one of its most important export markets. South Africa is formally challenging a new U.S. tariff proposal to protect its key export sectors from further strain. The U.S. recently imposed…

South Africa has agreed to reopen its market to Kenyan tea, coffee and spices, marking the end of a trade dispute that had strained economic relations between two of Africa’s largest economies. South Africa has agreed to reopen its market to Kenyan tea, coffee, and spices, ending a significant trade dispute. The dispute resulted from…

For decades, Africa’s vast informal economy has been one of the continent’s most persistent development challenges, limiting tax collection, weakening productivity, and keeping millions of workers and businesses outside the formal financial system. Rwanda, Benin, Tanzania, and Côte d’Ivoire are among Africa’s strongest performers in reducing informality, according to Moody’s. The ratings agency says countries…

South African billionaire Johann Rupert built his fortune selling luxury goods to some of the world’s wealthiest consumers. Johann Rupert’s Reinet Investments bought a €22 million stake in the world’s largest gold ETF in 2015. The position is now worth about €80 million after gold’s historic rally. Gold prices have climbed from around $1,100 per…

According to billionaire investor Naguib Sawiris, Egypt’s vast mineral wealth is being squandered due to illicit mining operations, which are weakening investment and preventing the country from fully benefiting from its tremendous natural resources. Naguib Sawiris, Egypt’s richest man, criticized the widespread illegal mining in Egypt, claiming it squanders the nation’s mineral wealth. He attributed…

One of Nigeria’s most closely watched corporate battles took a dramatic turn this week after the Supreme Court overturned orders that froze the assets of Nestoil Limited and Neconde Energy, handing a significant victory to oil entrepreneur Ernest Azudialu-Obiejesi in a dispute involving more than $1.1 billion in alleged debt. Nigeria’s Supreme Court has overturned…

Mozambique has enacted sweeping new mining legislation requiring the state to hold a minimum 15% stake in all mining projects, as the resource-rich southern African nation seeks to capture a larger share of the value generated by its vast mineral wealth. Mozambique has enacted new mining laws requiring a minimum 15% state stake in all…

The French journalist, Christophe Gleizes, detained in Algeria back in 2024, on terror charges, maybe elibgible for a presidential pardon. French journalist Christophe Gleizes, detained in Algeria on terror charges, may now be eligible for a presidential pardon. Algeria’s top appeals court rejected calls for a harsher sentence, making the prospect of a pardon viable.…

Flights numbering around 20 have arrived in Kenya, despite tensions concerning the US’s plans to establish a quarantine base in the East African country. Around 20 flights carrying medical equipment and specialist staff have arrived in Kenya, amid controversy over Washington’s plan to establish a US quarantine base for Ebola exposure. At least six military…

Ethiopia is setting its sights on becoming a regional construction powerhouse, unveiling an ambitious plan to increase the share of domestic contractors capable of competing for international projects from 33% to 80% over the next decade. Ethiopia plans to increase domestic contractors’ share in international project bids from 33% to 80% within ten years. The…

South Africa has resumed large-scale maize exports as the country moves closer to what could become the biggest maize harvest in its history, a development that could strengthen food security and grain supplies across parts of Africa. South Africa has resumed large-scale maize exports amid forecasts of its biggest-ever harvest. The expected 17.064 million-tonne crop…

Art and culture are becoming some of the biggest drivers of tourism, identity, and global influence for cities worldwide. From world-class museums and contemporary art fairs to music festivals and creative districts, African cities are increasingly competing not just on economic strength but on cultural appeal. Cape Town, Marrakech, and Cairo have been named among…

A $4 billion Chinese deal targeting a gold mining company in Mali is facing growing uncertainty as regulators in Beijing raise concerns over valuation and geopolitical risk. Chinese regulators are questioning a $4 billion acquisition of Mali-based gold miner Allied Gold by Zijin Gold International due to concerns over valuation and political risk. China’s National…

At a time when parts of the global luxury industry are grappling with weaker demand in China and cautious consumer spending, the company behind Cartier is moving in the opposite direction. Richemont is approaching a $123 billion valuation after more than doubling in value over the past five years. The Cartier owner is outperforming parts…

Spiro, widely regarded as Africa’s largest electric mobility company, has raised $215 million in a new investment round as it accelerates its expansion across the continent and moves closer to unicorn status. Spiro, Africa’s largest electric mobility company, has raised $215 million in new funding, bringing it closer to unicorn status. The investment will help…

The global aviation fuel market could be reshaped after Russia suspended jet fuel exports through November, creating a supply gap that could help Nigeria’s Dangote Refinery expand sales and strengthen its position in the market. Russia has suspended jet fuel exports through November, creating a significant supply gap in the global aviation fuel market. Nigeria’s…

The United Arab Emirates has emerged as Zimbabwe’s largest export destination, overtaking South Africa in a major shift that underscores the growing economic ties between Harare and the Gulf state. The United Arab Emirates has overtaken South Africa as Zimbabwe’s largest export destination, marking a significant shift in the country’s trade landscape. UAE-bound exports accounted…

The United States has secured long-term access to one of the world’s largest untapped rare earth deposits, a move that could reduce its future dependence on mineral-rich African nations as Washington races to build a critical minerals supply chain independent of China. The United States secured a 15-year deal to access rare earths from Greenland’s…

Aliko Dangote is positioning his petroleum refinery to expand its crude processing flexibility from around 40 crude types to as many as 130 different crude grades. Dangote’s refinery aims to increase its crude processing capability from 40 to 130 different crude grades. This expansion will double the refinery’s output to 1.4 million barrels per day,…

One of Africa’s largest industrial manufacturing economies, South Africa, saw its producer inflation soar by a margin not experienced in over a decade. South Africa’s producer inflation jumped to 3% in April, a 172.7% increase from the previous month, driven by higher fertilizer and energy costs. The surge was primarily due to disruptions in global…

Burkina Faso’s military government under Captain Ibrahim Traoré has suspended the country’s largest student union, deepening concerns over shrinking civic freedoms as authorities intensify efforts to silence dissent amid a worsening security crisis. Burkina Faso’s military government has suspended the country’s largest student union, UGEB, for three months, with possible renewal. The suspension was justified…

South Africa has ranked among the world’s 30 largest food exporters, underscoring the country’s growing influence in global agricultural trade. South Africa is now among the world’s 30 largest food exporters, indicating its rising role in global agriculture. In 2024, South Africa exported $13.6 billion in agricultural products, making up about 0.9% of global agricultural…

Ethiopia has launched a national electric mobility roadmap aimed at transforming its transport sector, reducing emissions, and building a domestic clean-technology industry over the next five years. Ethiopia has unveiled its National Electric Mobility Strategy and Implementation Plan for 2025–2030. The roadmap seeks to accelerate electric vehicle adoption through infrastructure investment, policy reforms, and private-sector…

Burkina Faso is a step closer to securing nearly $105 million in fresh financing from the International Monetary Fund (IMF) after reaching a staff-level agreement with the lender following a review of its economic reform programme. Burkina Faso is on track to receive approximately $104.89 million from the IMF following a staff-level agreement reached after…

The United States has pledged $13.5 million to Kenya’s Ebola preparedness efforts following talks between U.S. Secretary of State Marco Rubio and President William Ruto, with both leaders agreeing to deepen coordination on outbreak response and regional containment measures. The United States pledged $13.5 million to support Kenya’s Ebola preparedness after discussions between Secretary Marco…

According to the Economist Intelligence Unit (EIU), Nigeria’s reliance on imported fuel has been significantly mitigated by the oil refinery owned by Africa’s richest man, Aliko Dangote. The Dangote Petroleum Refinery has drastically reduced Nigeria’s reliance on imported fuel, nearly meeting the country’s entire fuel demand. Nigeria’s domestic refining growth is relieving pressure on the…

Nigeria’s telecom subscribers spent an estimated N9 trillion, about $5.67 billion at current exchange rates, on airtime and data services in 2025, as rising internet consumption and tariff increases boosted revenues for the country’s largest operators. Nigerians spent an estimated $5.67 billion on airtime and data services in 2025, boosting revenues for major telecom operators.…

Zimbabwe’s gold industry is showing renewed strength in 2026, with bullion deliveries surpassing 12,600 kilogrammes in the first four months of the year as global demand and rising output from large-scale miners continue to boost the sector. Zimbabwe’s gold industry delivered more than 12,600 kilogrammes of bullion between January and April 2026, driven by stronger…

Kenya is considering contracting Turkish energy firm Karpowership, the world’s largest provider of ship-mounted power plants, to help meet rising electricity demand and ease power shortages. Kenya is in talks with Turkish firm Karpowership to deploy floating power plants and meet rising electricity demand. Negotiations are focused on rapidly increasing the power supply by installing…

Kenya is set to become a key part of the United States’ Ebola containment strategy as the Trump administration plans to establish a quarantine and treatment facility in the East African nation for American citizens exposed to the virus. The US plans to establish a quarantine and treatment facility for Ebola-exposed American citizens in Kenya,…