South African-born mining executive Natascha Viljoen is set to make history as the first woman to lead Newmont Corporation, the world’s largest gold mining company with a market capitalization of $99.45 billion (R1.72 trillion). South African-born Natascha Viljoen has been appointed the next CEO of Newmont Corporation, marking the first time a woman will lead…
Nigeria’s Minister of Aviation, Festus Keyamo, has unveiled sweeping reforms aimed at attracting billions in private and foreign investment into the country’s aviation sector, a move he says will have ripple effects across Africa’s aviation ecosystem. Nigeria’s Aviation Minister, Festus Keyamo, announces sweeping reforms to attract global and private sector investment into aviation infrastructure. A…
Ethiopia is currently having conversations with China, concerning the conversion of its debt from the US dollar to the Chinese Yuan. Ethiopia is discussing converting its debt from USD to Chinese Yuan with China. The aim is to convert a portion of Ethiopia’s $5.38 billion debt owed to China. This step aligns with Ethiopia’s growing…
South African President Cyril Ramaphosa is reportedly preparing to appoint a new ambassador to the United States, ending a seven-month diplomatic freeze that strained one of Pretoria’s most important bilateral relationships. President Cyril Ramaphosa plans to appoint a new ambassador to the United States, resolving a seven-month diplomatic hiatus. The vacancy arose after Washington declared…
From Egypt’s latest fuel hike to Nigeria’s fuel price surge reaching ₦1,000 per litre, the cost of energy is once again testing the economic resilience of some African countries. African countries like Egypt and Nigeria are experiencing significant fuel price increases, affecting their economies. In Egypt, diesel and petrol prices have risen since October 2025…
The Dangote refinery is advising marketers to come and load fuel from the facility as energy prices continue to soar. The refinery asserts that it has over 310 million liters of premium motor spirit (petrol) in its ranks. Dangote Refinery announced the availability of over 310 million liters of petrol for both local and international…
Lagos State, Nigeria, has launched a $410 million water transport initiative that could redefine urban mobility and economic growth across Africa’s coastal megacities. Lagos launches a $410 million Omi Eko Project to modernize water transport and ease traffic congestion. The project will deploy 70 hybrid-electric ferries and upgrade 20 terminals across 15 major waterways. Backed…
Rwanda is taking a giant leap toward becoming Africa’s next artificial intelligence (AI) powerhouse, following a $17.5 million investment (about Rwf25 billion) from the Bill & Melinda Gates Foundation to establish the Rwanda AI Scaling Hub. Rwanda secures $17.5 million from the Gates Foundation to scale AI innovations across sectors. The AI Scaling Hub will…
South Africa plans to revive its long-stalled modular nuclear reactor project and expand gas-fired power generation under a new national energy blueprint. South Africa plans to revive its modular nuclear reactor project and increase gas-fired power generation, indicating a shift in electricity strategy. The updated Integrated Resource Plan (IRP) includes an investment of 2.23 trillion…
