The state-owned mining outfit, Mutapa Platinum Group, in Zimbabwe, is actively seeking mining partners to facilitate the development of its $500 million platinum mine. Zimbabwe’s Mutapa Platinum Group has announced plans to develop a $500 million platinum mine in Darwendale, aiming to commence operations by the year’s Q1 end. The region, located in Mashonaland West,…
Ghana has pledged to import petroleum products from Nigeria’s Dangote Petroleum Refinery in Lagos, citing the limited capacity of its own refineries. Ghana has announced a plan to import petroleum products from Nigeria’s Dangote Petroleum Refinery, fostering increased intra-African energy trade. The Dangote Refinery, Africa’s largest with a 650,000 barrels-per-day capacity, has sufficient abilities to…
Ghana and Zambia have signed a landmark visa waiver agreement that will allow citizens of both countries to travel between the two nations without the need for visas, a move officials say will deepen people-to-people ties and unlock new economic opportunities. Ghana and Zambia signed a visa waiver agreement enabling citizens of either country to…
The Nigerian government has clarified reports around the presence of United States military personnel in Nigeria, emphasising they are non-combat advisers providing intelligence and training support at Abuja’s request as the country battles multiple security threats. The United States has deployed a team of military advisers to Nigeria at the request of the Nigerian government.…
South Africa, Africa’s richest country by GDP and home to the continent’s largest number of high-net-worth individuals, faces severe income inequality. South Africa is the richest African country by GDP, estimated at $410 billion in 2025. The country has the highest concentration of wealthy individuals in Africa, including 41,100 millionaires and eight billionaires. Despite wealth,…
Africa’s militaries may not match the global giants, but the continent quietly maintains a presence in strategic naval power, especially through submarines. On the continent, Egypt holds the lead with eight submarines, the largest fleet in Africa Business Insider Africa presents the African countries with the most submarines in 2026. The list is courtesy of…
Africa entered 2026 with a small but increasingly concentrated billionaire class, according to new data from UBS, reflecting how global wealth creation continues to favour a handful of large economies on the continent. Africa’s billionaire class experienced notable shifts in 2026, with significant wealth concentration evident in Nigeria, South Africa, and Egypt. Across the Middle…
Several African economies remain heavily dependent on imports, according to World Bank data, highlighting structural weaknesses that continue to leave the continent vulnerable to currency shocks, supply-chain disruptions, and global price volatility. Many African nations heavily rely on imports, demonstrating vulnerabilities such as exposure to global price volatility. Imports equate to large proportions of GDP…
