Rwanda has announced its decision to withdraw from the Economic Community of Central African States (ECCAS) following a diplomatic dispute over its alleged role in the conflict in the eastern Democratic Republic of Congo. Rwanda announced its withdrawal from the Economic Community of Central African States (ECCAS) after a dispute over its alleged involvement in…
The International Committee of the Red Cross (ICRC) has officially suspended its humanitarian activities in Niger, following a directive from the country’s military-led government to shut down its offices. The ICRC has suspended its humanitarian activities in Niger following a directive by the military-led government. Authorities in Niger accused the ICRC of engaging with armed…
Botswana has announced a 16% cut in its diamond production for 2025, a significant decision reflecting the country’s response to ongoing challenges in the global diamond market. Botswana will cut its diamond production by 16% in 2025 due to global market challenges. Diamonds account for 80% of Botswana’s export revenue, making the country vulnerable to…
Most startups chase big cheques to fuel their growth, but Tonye Irims, CEO of Wisolar, took a different route. He turned down a $1.5 million funding offer. Despite that, the South African solar company has continued to rise, earning recognition as one of Africa’s fastest-growing companies for two consecutive years. Tonye Irims, CEO of WiSolar,…
Chinese electric vehicle giant BYD is accelerating its expansion in South Africa, plans to triple its dealership network by 2026 and solidify its position in Africa’s largest automotive market. BYD is expanding rapidly in South Africa, aiming to triple its dealerships by 2026. The company launched operations in South Africa in 2023 with the ATTO…
Over the past two decades, China’s financial engagement with Africa has grown remarkably, primarily through infrastructure-focused loans. China’s financial involvement in Africa has grown significantly, focusing on infrastructure-oriented loans. The Chinese Loans to Africa Database tracks loan agreements from 2000 to 2023, showing trends in lending amounts and loan dynamics. Angola leads as the top…
Nigeria and Angola are now central to Africa’s push for energy security, with the Africa Finance Corporation (AFC) projecting that refining capacity on the continent could meet up to 90% of its fuel demand, almost double from last year’s 45%. The Africa Finance Corporation says Nigeria and Angola are critical to Africa’s aim for energy…
The Dangote refinery, the largest crude processing facility in Africa, has been importing significant quantities of U.S. crude WTI, highlighting an apparent inconsistency given Nigeria’s status as Africa’s top oil producer. Africa’s largest refinery, Dangote, imports significant quantities of U.S. crude, despite Nigeria being Africa’s top oil producer. The refinery processes U.S. West Texas Intermediate…
The Africa Corps, a Kremlin-backed paramilitary force, announced it will maintain its presence in Mali following the recent departure of the Wagner mercenary group. The Africa Corps announced it will maintain its presence in Mali after Wagner’s withdrawal. Wagner operated in Mali for over three years, reclaiming territories from Islamist militants. The Africa Corps aims…
