Africa’s economy is projected to reach a total GDP of $2.8 trillion by the end of 2025, up from approximately $2.3 trillion in 2023, according to the latest estimates from the International Monetary Fund (IMF) World Economic Outlook. Africa’s GDP is projected to increase from $2.3 trillion in 2023 to $2.8 trillion by 2025, as…
Eleven West African deportees sent from the United States to Ghana under an agreement with the Trump administration face an uncertain fate, with their lawyer saying only six are confirmed removed and five remain unaccounted for. Eleven West Africans deported from the US to Ghana have faced re-expulsion, raising human rights concerns. Ghana’s government, under…
Angola has offered to acquire a minority stake in De Beers in a bid to keep one of the world’s largest diamond companies independent, following Botswana’s move to seek majority control. Angola has proposed acquiring a minority stake in De Beers to preserve its independence. State-owned Endiama emphasised no intention of seeking majority ownership in…
South Africa leads the continent by a wide margin, with a proposed capacity of 11 GWh. Its battery storage pipeline includes four operational systems, seven under construction, and 19 more in development. Business Insider Africa presents the top 5 countries leading Africa’s battery storage pipeline. The list is courtesy of Visual Capitalist. South Africa leads…
After more than a decade-long absence, Chinese automaker Geely is set to re-enter the South African market, marking a significant comeback in a sector long dominated by established global brands. Geely will re-enter the South African automotive market in October 2025 after a decade-long absence. The automaker plans to establish 40 dealerships nationwide, focusing on…
Not only does a strong national currency for African countries represent economic resilience, but it also acts as a buffer against outside shocks and promotes prosperity. A strong national currency impacts African economies by boosting economic resilience and reducing reliance on external factors. Stable currencies help lower the cost of imports, alleviating inflation and enhancing…
Eswatini recently disclosed that it had repatriated a Jamaican native who had been sent to the Southern African country from the United States under the Donald Trump third-country immigration policy. Eswatini repatriated Jamaican native Orville Isaac Etoria, initially deported by the US under a third-country immigration policy. Etoria, 62, returned to Jamaica and was warmly…
