Lower-income countries are paying private lenders three times more than they send to China on external debt, according to new research from UK-based advocacy group Debt Justice. Lower-income countries allocate a significant portion of external debt repayments to private lenders, exceeding amounts paid to China. Research shows that from 2020-2025, 39% of $354 billion external…
Mali’s complicated political terrain has been jolted once more with the alleged arrest of several dozen soldiers, including two high-ranking generals, over the weekend. Allegations emerged of a coup attempt in Mali, resulting in the arrest of several military personnel, including high-ranking officials. The arrests highlight deepening tensions within Mali’s junta led by General Assimi…
The African Development Bank (AfDB) will provide up to $500 million to help finance a new airport in Ethiopia, slated to become Africa’s largest upon completion. The African Development Bank (AfDB) is contributing $500 million to support the construction of a new airport in Ethiopia. This facility, to be Africa’s largest, will feature four runways…
Kenya has invited international development lenders to help finance a $2 billion expansion of Nairobi’s Jomo Kenyatta International Airport (JKIA), just nine months after cancelling a deal with India’s Adani Group following the indictment of its founder in the United States. Kenya plans a $2 billion expansion of Nairobi’s Jomo Kenyatta International Airport. The country…
Zambia has raised concern over a new United States visa policy requiring some of its citizens to pay visa bonds of up to $15000, warning the measure would impose an “unnecessary financial strain” on travellers. Zambia has raised concerns over a new US visa policy requiring certain citizens to pay bonds up to $15,000. The…
Africa’s richest man, Aliko Dangote, the industrial giant whose name is nearly associated with modern Nigerian industry, appears to be on the verge of achieving a significant new milestone. Aliko Dangote’s net worth on Bloomberg’s Billionaires Index is $29.3 billion, with a year-to-date increase of $1.2 billion. Dangote’s wealth has fluctuated throughout the year due…
Chowdeck has raised $9 million in Series A funding to expand into more cities and roll out a quick commerce strategy aimed at speeding up grocery and local market deliveries. Chowdeck raised $9 million in Series A funding to expand its African operations and implement a quick commerce strategy. Leading investors, including Novastar Ventures and…
The World Health Organization (WHO) has formally verified Kenya’s elimination of human African trypanosomiasis (HAT), often known as sleeping sickness, as a public health hazard. Kenya has successfully eliminated human African trypanosomiasis (HAT) as a public health concern. This achievement follows years of dedicated surveillance and control measures against the disease. Kenya is now the…
India’s state refineries are increasingly relying on Nigerian crude oil to satisfy their supply requirements, signaling a significant change in global energy trading patterns. Indian state refineries are increasingly sourcing crude oil from Nigeria amidst global trading shifts. By late 2025, over two million barrels of Nigerian oil are set to arrive in India. India’s…
