One of South Africa’s oldest pharmaceutical firms, Adcock Ingram, is set to delist from the Johannesburg Stock Exchange (JSE) on November 11, 2025, marking the end of a 135-year legacy. India’s Natco Pharma acquires all minority shares of South Africa’s Adcock Ingram in a $215 million deal. The 135-year-old pharmaceutical firm will delist from the…
South Africa is in discussions with at least six private companies to secure funding aimed at bringing Formula 1 Grand Prix racing back to the country. South Africa is engaging private companies to secure funding for hosting a Formula 1 Grand Prix. The government aims to raise $100 million over three years for event hosting…
Low IMF debt levels make African countries stand out as examples of fiscal resilience and smart management at a time when many are struggling with growing borrowing prices and debt servicing obligations. Low IMF debt levels among certain African countries exemplify fiscal prudence and economic resilience. Sub-Saharan Africa’s growth forecast remains stable at 4.1% for…
Chinese firm CMOC Group Ltd. has announced a $1.08 billion expansion of the KFM copper mine in the Democratic Republic of Congo (DRC), strengthening China’s grip on Africa’s mineral supply chains and advancing its role in the global energy transition China is expanding its influence in Africa’s mining sector with a $1.08 billion investment in…
Ethiopia has projected an ambitious 10.2% economic growth for its 2025/26 fiscal year, reinforcing its position as one of Africa’s fastest-growing economies. Ethiopia projects 10.2% GDP growth for 2025/26, building on last year’s 9.2% expansion. Growth driven by industrialisation, agriculture, and digital services. GERD and new gas projects expected to boost energy and exports. $2.5…
Burkina Faso is advancing a new bill aimed at tightening regulatory oversight of high-earning companies by requiring all firms with annual revenues of at least CFA5 billion ($8.8 million) to establish their headquarters within the country. Burkina Faso government proposed a bill requiring companies earning over CFA5 billion ($8.8 million USD) annually to establish domestic…
Both domestic and international flights in Kenya are set to be hit with an air ticket levy, following a bill recently signed by the country’s president, William Ruto. Kenya has introduced an air ticket levy for domestic and international flights under the Air Passenger Service Charge Amendment Bill signed by President William Ruto. Passengers will…
Nigeria is set to reclaim its place among Africa’s top three largest economies, according to new projections from the International Monetary Fund (IMF), which forecast a rebound in growth driven by rising oil revenues, exchange rate reforms, and renewed investor confidence ahead of 2026. Nigeria is projected to reclaim its position as the third-largest economy…
Morocco plans to eliminate coal-fired power generation by 2040, provided it secures sufficient international climate finance, the Powering Past Coal Alliance (PPCA) said on Thursday. Morocco aims to phase out coal-fired power generation by 2040 with support from international climate finance. The nation joined the Powering Past Coal Alliance in 2023 to strengthen its transition…
