The United States has added five African countries to its list of high-risk destinations, citing terrorism, unrest, and deteriorating security conditions. Five African nations were added to the U.S. high-risk travel list due to increasing security concerns. Mali, Niger, and Sudan are categorized as Level 4: Do Not Travel, while Madagascar and Tanzania are Level…
In Africa’s expanding billionaire class, most names belong to native industrialists from Nigeria, South Africa, or Egypt. However, among the continent’s most enduring fortunes stands Sudhir Ruparelia; a Ugandan-born Indian whose story transcends ethnicity and geography, embodying both the pain and promise of the African dream. Dr. Sudhir Ruparelia is one of East Africa’s wealthiest…
U.S. President Donald Trump has designated Nigeria as a “country of particular concern” over what Washington describes as systematic violence and persecution against Christians amid rising tensions over human rights and religious freedom. U.S. President Trump has labeled Nigeria as a ‘country of particular concern’ due to alleged religious persecution against Christians. He accuses radical…
Jubilee Asset Management Limited (JAML), a subsidiary of Jubilee Holdings, has crossed a key milestone with more than KES 20 billion ($130 million) in retail assets under management, marking one of the fastest growth stories in Africa’s fund management industry. Jubilee Asset Management surpasses KES 20 billion ($130 million) in retail assets just 34 months…
The construction of Africa’s largest liquefied natural gas (LNG) export hub has suffered a major setback after U.S. oil giant ExxonMobil suspended its interest in the multibillion-dollar project, raising fresh concerns over investor confidence and the region’s long-term energy ambitions. ExxonMobil has suspended its involvement in Mozambique’s Rovuma LNG project, worth $30 billion, raising concerns…
South Africa’s highly popular bakkie (pickup truck) segment is set for a disruption with the planned launch of the Changan Hunter REEV (Range-Extended Electric Vehicle) in November. The Changan Hunter REEV, a range-extended electric vehicle pickup, is set to launch in South Africa in November. This launch reinforces South Africa’s status as Africa’s leading automotive…
Aliko Dangote, CEO of the Dangote Oil Refinery, has refuted claims that he could purchase one of Nigeria’s rundown refineries in his endeavor to increase his refining capacity to 1.4 million barrels per day. Aliko Dangote, CEO of the Dangote Oil Refinery, has announced plans to increase the refinery’s capacity to 1.4 million barrels per…
Equity Group Holdings, one of Africa’s most dynamic banking conglomerates, reported a net profit of $405 million (Sh54.1 billion) for the three months ending September 2025, a 32% jump from $307 million (Sh40.9 billion) in the previous quarter. Equity Group Holdings posted a record $405 million profit in Q3 2025, a 32% jump from the…
After two decades of anticipation, delays, and global curiosity, Egypt is set to open its long-awaited Grand Egyptian Museum (GEM) on Saturday, November 1, a $1 billion architectural masterpiece billed as the world’s largest museum dedicated to a single civilisation. Egypt opens the $1 billion Grand Egyptian Museum near the Giza Pyramids after two decades…
