South Africa’s mounting wave of xenophobia is taking on a more organised and politically charged form through Operation Dudula, a movement whose populist messaging and exclusionary focus echo elements of U.S. President Donald Trump’s “America First” ideology. Operation Dudula is a South African movement originating as a civic campaign against undocumented migrants. The group promotes…
The Nigerian Exchange (NGX) opened the week on a strong note, as investors recorded a remarkable ₦611 billion gain on Monday, a sign of renewed optimism sweeping through Africa’s largest economy. Nigerian investors recorded a ₦611bn gain as the market capitalization hit ₦95.2 trillion. BUA Cement and mid-cap stocks led the rally, boosting the All-Share…
Morocco’s ambitious economic reform under its new Investment Charter is already paying off. Projections indicate the creation of more than 200,000 new jobs nationwide, a move expected to reinforce the country’s standing as one of Africa’s most dynamic investment destinations. Morocco’s new Investment Charter has already spurred 250 major projects worth MAD 414 billion. The…
Ethiopia has officially moved closer to liberalising its banking industry, but with limits. The National Bank of Ethiopia (NBE) has issued a draft directive that caps total foreign ownership in local banks at 49 percent, signalling a cautious but strategic shift in one of Africa’s most protected financial markets. Ethiopia’s central bank has capped total…
Swiss-based bottler, Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) has agreed to acquire a 75% stake in Coca-Cola Beverages Africa (CCBA) for US$2.6 billion, in a deal that will make it one of the most influential beverage players on the continent once completed. Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) has agreed to acquire a 75% stake…
West African energy regulators are moving to harmonise fuel prices across the region in a bid to stabilise markets and protect consumers from the inflationary shocks caused by fluctuating global oil prices. West African energy regulators aim to harmonise fuel prices to stabilise markets and shield consumers from global oil price fluctuations. The decision was…
Romance scams are evolving into a major cyber threat across Africa, with criminals now leveraging artificial intelligence and deepfake technology to deceive victims and drain millions in fraudulent schemes, experts warn. Over 1,400 Africans lost nearly $2.8 million to romance scams in 2025, Interpol reveals. Deepfakes and AI tools now allow scammers to impersonate victims’…
Long-term development is at risk, fiscal flexibility becomes more constrained, and economic suffering intensifies for African countries struggle with massive debt owed to the International Monetary Fund (IMF). African countries face challenges related to substantial IMF debt, risking long-term development and economic stability. IMF loans often require austerity measures impacting socioeconomic conditions including subsidy cuts…
The Donald Trump administration, which has been heavily involved in the peace negotiations between M23 rebels and the Democratic Republic of Congo, has indicated that peace efforts in Sudan and Libya are also ongoing. Donald Trump’s senior envoy, Massad Boulos, highlighted the challenges and ongoing efforts needed to stabilize Libya and emphasized the importance of…
