South African retail giant Shoprite Holdings is making a decisive retreat from another pair of African markets, announcing plans to exit Ghana and Malawi as part of its ongoing recalibration outside its home base. Shoprite Holdings announced plans to exit Ghana and Malawi markets as part of a regional recalibration strategy. These exits signify Shoprite’s…
Kenya’s current president, William Ruto, recently asserted that he is the best president Kenya has produced since its independence. This is coming amid a flurry of demands for his resignation. Kenya’s President William Ruto asserts he is the best leader Kenya has had since independence, citing his educational background and political experience. Ruto highlighted his…
Ghana’s government has given satellite broadcaster DStv until Thursday to reduce subscription fees or risk having its broadcasting licence suspended. Ghana’s government demands DStv reduce subscription fees by August 7 or face suspension. Communications Minister Samuel Nartey George directed the NCA to enforce regulatory compliance. DStv rejected the government’s proposed 30% price reduction citing economic…
The United States has reached a new agreement with Rwanda to deport up to 250 migrants to the East African nation, marking Washington’s latest use of third-country deportation deals to curb irregular migration. The United States signed an agreement with Rwanda in June to relocate up to 250 migrants to the East African nation. Only…
Zimbabwe has announced plans to build 50 new small dams and weirs, as well as upgrade and maintain existing agricultural dams around the nation, in a bid to defend its agricultural produce against climate disasters. Zimbabwe is planning to build 50 new small dams and weirs along with upgrading existing dams to bolster its agriculture…
According to current statistics from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), marketers have recommenced large-scale imports of refined petroleum products, bypassing domestic refining possibilities, most notably the $20 billion Dangote Petroleum Refinery in Lekki. Marketers in Nigeria have resumed large-scale imports of refined petroleum products due to domestic refining limitations, including underutilization…
The African Export-Import Bank (Afreximbank) has announced the signing of a $1.35 billion financing facility for Dangote Industries Limited (DIL). Afreximbank has announced a $1.35 billion financing facility for Dangote Industries Limited as part of a $4 billion syndicated loan. The funds aim to refinance capital for the Dangote Petroleum Refinery and Petrochemicals Complex, the…
The United Nations World Food Programme (WFP) will shut half of its clinics in Nigeria’s conflict-hit northeast this month. The WFP will close half of its clinics in Nigeria’s northeast due to insufficient donor support. Over 300,000 children under two face losing access to lifesaving nutrition treatment. The WFP urgently appeals for $130 million in…
The Government of Ghana has announced a significant rise in the producer price of cocoa for the 2025/2026 season, increasing it from US$3,100 to US$5,040 per tonne, a 62.58% increase in dollar terms. The Government of Ghana announced a 62.58% increase in the producer price of cocoa for the 2025/2026 season, setting it at $5,040…
