South Africa is on track to exit the Financial Action Task Force’s (FATF) so-called grey list by October. South Africa is progressing towards exiting the FATF’s grey list by October. FATF assessors will visit South Africa to confirm the sustainability of implemented reforms. Grey listing affects the economy and international confidence, limiting investment and aid.…
The East African Crude Oil Pipeline (EACOP), also known as the Uganda–Tanzania Crude Oil Pipeline (UTCOP), has reached a significant implementation milestone, with 64.5% of construction now complete. The East African Crude Oil Pipeline, stretching 1,443 kilometers, is 64.5% complete and will be the world’s longest heated pipeline. Its development has contributed approximately $19.5 million…
Angola’s state-owned airline, TAAG, is set to acquire Boeing 787-10 aircraft and spare engines through a $297 million financing package backed by the U.S. Export-Import Bank (EXIM). TAAG Angola has secured $297 million financing from the U.S. Export-Import Bank for purchasing Boeing 787-10 aircraft and spare engines. The deal supports around 1,400 jobs in supply…
The cost of diesel has long dominated the rhythm of everyday life in many African countries from the price of food on market shelves to the cost of moving products over thousands of kilometers. Business Insider Africa, the top 10 African countries with the lowest diesel prices in July 2025. This list is courtesy of…
China’s push to globalize its currency, the yuan, is gaining traction in Africa, with the continent emerging as a strategic testing ground for Beijing’s broader de-dollarization ambitions. China is advancing the global use of its currency, the yuan, aiming for de-dollarization. The adoption of the yuan aligns with Africa’s shifts towards non-Western financial systems. Africa…
The Dangote Refinery recently held back its discounted fuel supply scheme, owing to a fresh racket uncovered within its distribution channel. Dangote Refinery halted its discounted fuel supply scheme due to distribution channel fraud. Affiliate marketers were found diverting subsidized products to unregistered third parties for profit. Discounted products were resold at higher market rates,…
