The United Kingdom remains the dominant source of new foreign investment into Nigeria, supplying roughly 65 per cent of capital inflows over the past year, official government figures show, underlining the renewed appeal of Africa’s largest economy to international investors. UK investors accounted for about 65 per cent of Nigeria’s recent foreign capital inflows, according…
Florian Fournier, the former Marketing Director at the World’s most valuable company, Apple, and co-founder of the venture creator, OurWorld, has set his sights on building a cyber city (Network State) in the East African island nation of Zanzibar. Florian Fournier, co-founder of OurWorld, seeks to establish Dunia Cyber City in Zanzibar, inspired by the…
Ghana’s former Finance Minister Ken Ofori-Atta, who faces numerous corruption charges at home, has been detained by United States immigration authorities. Ken Ofori-Atta, Ghana’s ex-Finance Minister, faces detention by U.S. immigration authorities over his visa status. Ofori-Atta, under medical care in the US since 2025, seeks to resolve the visa issue through legal assistance. The…
Venezuela holds the largest proven crude oil reserves in the world, a staggering 303.221 billion barrels, according to the 2025 OPEC Annual Statistical Bulletin, far exceeding any individual African nation’s oil wealth. Venezuela holds the largest proven crude oil reserves globally at 303.221 billion barrels, surpassing African nations combined. The Orinoco Belt is central to Venezuela’s…
High rent levels have a significant impact on major African cities that serve as commercial hubs, such as Lagos, Nairobi, Johannesburg, Cairo, and Accra, particularly at the beginning of a new year. High rental costs significantly impact African commercial hubs like Lagos, Nairobi, and Johannesburg, influencing both individual and business economic stability. Rising rents force…
The Egyptian gold market achieved a record performance in the last fiscal year, mirroring the broader trends in the global gold market that prevailed during that period. Egypt’s gold market reached unprecedented milestones in the past fiscal year, reflecting global gold trends. In 2025, the Central Bank of Egypt reported a 71% annual increase in…
Nestlé’s recall of certain batches of infant nutrition products has expanded beyond Europe to Africa, the Americas and Asia, including Brazil, China and South Africa. Nestlé has expanded its recall of certain infant nutrition products internationally, impacting regions such as Africa, the Americas, and Asia. The recall involves products such as SMA, BEBA, NAN, and…
Nigeria, a key electricity supplier to other West African nations, recently disclosed the substantial outstanding electricity debt accumulated by these countries. Nigeria is a prominent electricity supplier for various West African countries. As of Q3 2025, Togo, Niger, and Benin collectively owed Nigeria $17.8 million in outstanding electricity debts. These nations settled $7.125 million out…
African and global investors are recalibrating their strategies after Saudi Arabia announced it will open its stock market to all categories of foreign investors from February 1, a landmark reform that lifted sentiment across Gulf equities and underscored the kingdom’s push to deepen capital market participation. Saudi Arabia has announced it will open its stock…
