Global credit ratings agency Fitch Ratings has upgraded Ghana’s Long-Term Foreign-Currency Issuer Default Rating (IDR) from ‘Restricted Default’ to ‘B-’, assigning a Stable Outlook. Ghana’s credit rating has been upgraded from ‘Restricted Default’ to ‘B-’ by Fitch Ratings, with a Stable Outlook. Inflation has significantly decreased, reaching its lowest level in three years, supported by…
Belgian prosecutors are preparing to charge Etienne Davignon (92), a former diplomat accused of being involved in the murder of Congolese revolutionary, Patrice Lumumba. Belgian prosecutors are investigating Etienne Davignon’s involvement in Patrice Lumumba’s murder. Accusations center on unlawful detention and degrading treatment of Lumumba prior to his execution. Davignon was a trainee diplomat at…
Zimbabwe’s gold-backed currency, the Zimbabwe Gold (ZiG), continues to face skepticism from both the public and financial analysts, despite central bank assurances of stability and full reserve backing. Zimbabwe’s gold-backed currency, the Zimbabwe Gold (ZiG), faces public and financial analyst skepticism Past economic issues, including hyperinflation and currency shifts, continue to erode public trust in…
The president of Kenya, William Ruto, has relayed what he believes should be the benchmark for the performance of his administration, noting that impact and transformation, rather than term limits and time, should determine his leadership. Ruto faces criticism and public protests after incidents, including the death of blogger Albert Ojwang in police custody. The…
A Malian court has ordered Barrick Gold’s Loulo-Gounkoto gold mining complex to be placed under provisional administration for six months, as tensions escalate between the Canadian mining giant and Mali’s military-led government over alleged unpaid taxes. A Malian court has placed Barrick Gold’s Loulo-Gounkoto mining complex under provisional administration for six months. The tensions between…
Ghana has been ranked 10th in Africa for the highest fuel prices as of June 2025, even though local prices have declined for the seventh time this year. Ghana ranks 10th in Africa for the highest fuel prices in June 2025, at $1.399 per litre. The Ghanaian cedi has appreciated by 24% since January 2025,…
Mali has begun building a new gold refinery backed by Russia, a move its military-led government says will help the country gain greater control over its natural resources. Mali is constructing a new gold refinery supported by Russian investment to enhance control over its natural resources. The refinery will be majority owned by the Malian…
Diesel fuel has been for a long while now, an integral part of Africa’s energy infratsructure. This fuel source powers transit networks, agricultural equipment, generators, and industrial machines in several African countries. However, as fuel prices rise throughout the continent, the knock-on consequences are proving to be economically and socially harmful. Business Insider Africa, the…
Algeria’s parliament has passed a new law permitting foreign companies to own up to 80% of mining projects, marking a major shift as the OPEC nation aims to diversify its economy. Algeria has passed a law permitting foreign companies to own up to 80% of mining projects to diversify its economy. The legislation aims to…
