African banks have crossed a major milestone, with industry revenues now exceeding $100 billion for the first time, a sign of the sector’s growing weight in the global financial system. African banking revenues have crossed $100 billion for the first time, signalling the sector’s growing economic weight. Banks are outperforming global peers on profitability, with…
Kenya has confirmed its role as co-host of the 2027 Africa Cup of Nations after paying the $30 million hosting fee to the Confederation of African Football (CAF), ending weeks of uncertainty over its participation. Kenya has paid the $30 million Africa Cup of Nations hosting fee, securing its co-hosting role alongside Uganda and Tanzania.…
The president of Russia, Vladimir Putin, offered warm congratulations to his friend, Denis Sassou Nguesso, the president of the Republic of Congo, for his successful re-election for a second term in office. Vladimir Putin congratulated Denis Sassou Nguesso on his re-election as President of the Republic of Congo, being the first world leader to do…
Nigeria’s state-owned oil company, Nigerian National Petroleum Company Limited (NNPC Ltd), is laying the groundwork for a potential listing on major global exchanges, including New York and London, as part of a broader transformation to attract international investors. Nigeria’s NNPC Ltd is preparing for a potential global IPO on the New York and London stock…
The United States sharply reduced its imports of Nigerian crude oil in January 2026, cutting volumes by almost half, underscoring evolving global energy dynamics and intensifying competition in Africa’s oil market. The United States cut Nigerian crude imports by nearly 50 per cent in January 2026, signalling a sharp shift in trade flows. Despite higher…
A US-backed iron ore developer backed by billionaire Robert Friedland has cleared a major regulatory hurdle in West Africa, positioning one of the region’s largest untapped iron ore projects closer to production even as it faces leadership changes and geopolitical scrutiny. Ivanhoe Atlantic’s Kon Kweni iron ore project in West Africa received formal approval of…
Niger has officially joined Burkina Faso as the second member of the Alliance of Sahel States (AES) to roll out a biometric identity card system, marking a significant step in the bloc’s push for digital sovereignty and administrative reform. Niger has become the second AES country, after Burkina Faso, to launch a biometric identity card…
Even as Washington works to ease tensions between Congo and Rwanda and stabilise the region for investment, Africa’s largest cobalt producer has signed a fresh mining cooperation deal with China, reinforcing Beijing’s stronghold in the country’s critical minerals sector. The Democratic Republic of Congo has signed a new mining cooperation deal with China, reinforcing its…
Nigeria is experiencing rising demand for its liquefied natural gas (LNG) cargoes as disruptions from the Middle East conflict create new commercial opportunities for the West African producer. Demand for Nigerian LNG cargoes is rising due to supply disruptions caused by the Middle East conflict. Nigeria’s proximity to major markets and its vast gas reserves…
