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Africa’s richest man, Aliko Dangote, in a recent interview with the BBC, disclosed that his proposed refinery in Kenya might cost substantially less than the $17 billion originally predicted, as the tycoon hopes to use lessons learned from the construction of his gigantic Lagos refinery to speed up the new project. Aliko Dangote announced that…

The UAE has built one of the continent’s largest investment pipelines across ports, mines, farms and renewable energy. The next stage is whether those projects leave African countries with infrastructure, processing capacity and local businesses that can outlast the deal. The Financial Times reported that UAE entities have announced more than $168 billion in African…

Africa’s solar demand is rising as countries look for cheaper and more reliable power. The next contest is whether the continent remains a buyer of Chinese equipment or builds factories that can create jobs and retain more value locally. Nigeria, South Africa, Morocco and Ethiopia are expanding solar manufacturing plans as power demand rises. Chinese…

In July, about 72,000 Moroccans entered Ceuta, a Spanish territory on Africa’s northern coast, during a two-day migration surge, leaving the world in shock and subsequently raising questions. About 72,000 Moroccans entered Ceuta, a Spanish enclave in North Africa, in a two-day surge in July, raising international concerns. Questions arose regarding who organized the mass…

Colombia has joined the US in recognising Morocco’s sovereignty over Western Sahara, reversing the position of the previous administration and handing Rabat a fresh diplomatic victory in its campaign to build international support for its claim over the disputed African territory. Colombia has recognized Morocco’s sovereignty over Western Sahara, reversing its previous support for the…

For decades, America’s engagement with Africa was largely defined by aid, public health programmes, security partnerships and political diplomacy, but Washington is now making a harder commercial calculation as it seeks to secure critical minerals, opening both direct and indirect investment opportunities for resource-rich African countries. The US is increasing investment in critical minerals to…

The Moroccan government has recently introduced a significant expansion of its national employment strategy, committing an additional MAD 15 billion, which is approximately $1.65 billion, to drive job creation. Morocco has allocated an additional MAD 15 billion (about $1.65 billion) to expand its national employment strategy. The Employment Roadmap 2030 targets creating one million net…

Africa has emerged as one of Diageo’s strongest-performing regions just as the British drinks giant prepares to relinquish direct ownership of its remaining beer business on the continent. Diageo’s Africa operating profit surged 43.5%, making it the company’s fastest-growing major region. Organic sales rose 13.3%, despite the group’s global sales declining 2%. The growth comes…

A new NATO-like defence alliance between Saudi Arabia, Pakistan and Turkey has revived attention on Pakistani arms deals worth more than $5 billion with Sudan and Libya, which Saudi Arabia had earlier moved to halt in the wake of the US-Iran war. Saudi Arabia, Pakistan, and Turkey signed the Mecca Joint Defence Agreement, declaring collective…

A possible new gold discovery stretching six kilometres has emerged in Namibia, with a Canadian-listed miner preparing its first major drilling campaign after fresh exploration results strengthened evidence of a substantial mineralised system beneath the surface. Namibia’s Ongwe Minerals has identified a six-kilometre gold anomaly at its Nguni prospect. The company plans a 5,000-metre drilling…

A Senegalese court has sentenced three TikTok influencers to prison for insulting President Bassirou Diomaye Faye, putting the country’s increasingly influential online political space under scrutiny at a time of heightened tensions within its ruling establishment. Senegal has jailed three TikTok influencers for insulting President Bassirou Diomaye Faye. The case comes as Faye’s relationship with…

Italy and France have officially joined a growing list of international backers for Africa’s sustainable development by pledging a combined $50 million in new funding. Italy and France pledged a combined $50 million to support Africa’s sustainable development initiatives. The funding will go to the Alliance for Green Infrastructure in Africa’s Project Development Fund, managed…

In a major addition to Nigeria’s maritime industry, the world’s largest shipping line, Mediterranean Shipping Company (MSC), has officially launched a new weekly service to Lekki Port. Mediterranean Shipping Company (MSC) has launched a weekly shipping service to Nigeria’s Lekki Port. The service uses a feeder system, routing cargo through Lomé, Togo before reaching Nigerian…

A long-running dispute over one of Abuja’s biggest real estate developments has moved beyond Nigeria’s borders, with Ghanaian businessman Sir Sam Jonah’s company taking the Nigerian government to international arbitration in Paris. A major dispute over the River Park Estate development in Abuja has led to international arbitration in Paris. The project, planned to include…

Chinese-owned mining companies in the Democratic Republic of Congo have rejected claims that their cobalt contains excessive uranium after Kinshasa banned exports of copper and cobalt concentrates to promote local processing. Chinese mining companies in the DRC rejected allegations that their cobalt products contain excessive uranium, calling these claims unfounded. The companies’ response follows a…

The global aviation industry is on the verge of a significant change as a $3 billion investment prepares to turn a native Brazilian fruit into high-performance jet fuel. A $3 billion investment is set to turn Brazil’s macauba palm into a plant-based jet fuel, aiming to revolutionize global aviation fuel. Macauba outperforms traditional crops like…

Malawi is attracting fresh international investment in its critical minerals sector after Australian-listed AuKing Mining agreed to acquire the Machinga Heavy Rare Earth Elements (HREE) Project, underscoring the country’s growing role in the global scramble for minerals essential to electric vehicles, renewable energy and advanced defence technologies. Australian miner AuKing has agreed to acquire the…

As Zambia heads to the polls next week, the country’s mining industry is focused on more than who wins the presidency. Zambia’s miners are looking beyond next week’s elections to policies that can accelerate copper production. The country aims to nearly triple annual output to 3 million tonnes by the next decade. Mining firms are…

Nigeria has approved a $4.5 billion refinancing of the Nigerian National Petroleum Company (NNPC) Limited’s flagship oil-backed financing facility, unlocking $3 billion in fresh funding while reducing the volume of crude committed to servicing the debt in a move expected to strengthen the finances of Africa’s largest oil-producing nation. Nigeria has approved a $4.5 billion…

Morocco is set to build Africa’s second large-scale waste-to-energy plant, a $1.5 billion project designed to turn millions of tons of household waste into electricity while tackling one of the country’s biggest landfill pollution problems. Morocco will construct Africa’s second major waste-to-energy plant in Casablanca, costing $1.5 billion. The facility, led by a Swiss-Japanese consortium,…

In recent weeks, relations between Morocco and the United States have transcended standard national interests, developing into somewhat of a formal friendship between the leaders of the two nations, King Mohammed VI of Morocco and U.S. President Donald Trump. King Mohammed VI of Morocco recently, via a letter, confirmed that he has named the 1,055-kilometre…

First HoldCo Plc, the parent entity of one of Nigeria’s largest commercial bank, First Bank, has secured regulatory approval from the Central Bank of Nigeria to launch a major $1 billion equity offering. First HoldCo Plc received regulatory approval to launch a $1 billion equity offering from the Central Bank of Nigeria. This move is…

Morocco has found itself at the centre of international attention over the past week after a surge in attempted migrant crossings into Spain’s North African enclave of Ceuta prompted renewed scrutiny of a proposed $40 million US funding package and refocused attention on one of Africa’s longest-running territorial disputes. A recent surge in migrant crossings…

BUA Foods, the food manufacturing company controlled by Africa’s fourth-richest man, Abdul Samad Rabiu, has grown its total assets beyond $1.2 billion (₦1.67 trillion), underscoring the scale of its ongoing expansion despite a slowdown in revenue growth. BUA Foods has grown its assets beyond $1.2 billion as it accelerates a major expansion across Nigeria’s food…

A series of developments over the past week has revealed a deepening partnership between the United States and Morocco over Western Sahara, with infrastructure, clean energy and diplomacy converging around one of Africa’s most contested territories. The United States and Morocco are deepening their partnership over Western Sahara, focusing on infrastructure, clean energy, and diplomacy.…

Travellers from 30 African countries are set to face tougher financial requirements when applying for U.S. business and tourist visas after Washington permanently adopted its controversial visa bond program, exactly 12 months after it was introduced on a trial basis. The U.S. has made its controversial visa bond program permanent, requiring certain B-1 and B-2…

For over twenty years, China has stood as one of Africa’s main foreign investors, paying for roads, rail lines, ports, power stations, and mines across the region. Lately, however, a quiet change has begun. Some of India’s richest people are growing their work in Africa, putting billions into areas like mining, mobile phones, factories, and…

Femi Otedola has spent about ₦222.2 billion on First HoldCo shares, raising his interest in the Nigerian financial group to 25.88%. Calvados Global Services bought 1,779,094,976 First HoldCo shares at ₦124.90 each. The transaction was worth about ₦222.21 billion, equivalent to roughly $160 million at recent exchange rates. Otedola’s interest rose from 21.96% to 25.88%,…

A fresh debate over Europe’s border policies could have significant implications for millions of Africans living, working and studying across the continent, after renewed calls emerged to reserve Schengen free movement exclusively for European Union citizens. A new debate in Europe proposes restricting Schengen free movement to only EU citizens. This follows a surge in…

Ghana has backed five-year presidential terms as part of a sweeping constitutional reform programme that could reshape elections, political eligibility, public appointments and institutional accountability in one of West Africa’s most stable democracies. Ghana’s government plans to extend presidential and parliamentary terms from four to five years. Proposed reforms lower the presidential age limit to…

Nigeria’s oil industry is entering a new phase. The country’s biggest challenge is no longer a lack of refining capacity but producing enough crude oil to supply its refineries. Nigeria’s oil sector now faces the challenge of producing enough crude to supply its domestic refineries. The Dangote Petroleum Refinery alone requires 552,500 barrels per day,…

The escalating military confrontation between the United States and Iran is beginning to spill beyond the Middle East, with Egypt’s strategic Mediterranean LNG hub caught in the crossfire after a drone strike hit two ships at the Port of Damietta, including a U.S.-owned floating storage tanker. A drone strike hit two ships at Egypt’s Port…

West Africa is stepping up efforts to reduce its reliance on foreign fuel price benchmarks, with Nigeria leading a push to establish a regional pricing mechanism that reflects local supply, demand and logistics rather than indices set outside the continent. Nigeria is leading efforts to establish a West African fuel price benchmark based on regional…

Burkina Faso recently found itself on the list of yet another international human rights watchlist, despite the complex security challenge the country is currently facing. Burkina Faso faces severe security challenges but maintains strong economic growth, with GDP growth reaching 5.3% in 2025. The country was placed on the CIVICUS Monitor Watchlist due to growing…

Financial pressure is pushing millions of South African workers toward sports betting and online gambling, with many hoping a lucky win can help them meet daily expenses or escape mounting debt. Financial pressures are leading millions of South Africans to sports betting and online gambling for extra income. Over half of employed South Africans earning…

Japan is investing up to $34 million (C$47.7 million) in a heavy rare earth mining project in Namibia, strengthening Africa’s position in the global race to secure critical minerals used in electric vehicles, renewable energy and defence technologies. Japan will invest up to $34 million (C$47.7 million) in a heavy rare earth project in Namibia…

Zijin Gold’s planned takeover of Allied Gold has been terminated, but the Chinese miner will invest about $295 million in the company behind major gold assets in Mali, Ethiopia and Côte d’Ivoire. Zijin Gold and Allied Gold have terminated their planned C$5.5 billion takeover after concluding that the remaining conditions were unlikely to be completed…

Mozambique has awarded a 25-year concession to two Chinese companies to build and operate a one-stop border post at Machipanda, a critical crossing linking the country to neighbouring Zimbabwe. Mozambique has granted a 25-year concession to two Chinese firms to build and operate a one-stop border post at Machipanda, which connects Mozambique to Zimbabwe. The…

For many Africans, international travel still means applying for a visa well before departure. While some passports offer broad travel freedom through visa-free entry or visas on arrival, the majority across the continent remain subject to stricter travel restrictions. Most Africans still face strict visa requirements for international travel, limiting their mobility compared to other…

The Executive Board of the International Monetary Fund (IMF) completed its final review of Ghana’s three-year, $3 billion crisis support package on July 27, 2026, approving an immediate payout of $371 million. The IMF completed its final review of Ghana’s $3 billion crisis support package, releasing a last $371 million payment. This marks the official…

The United States will end routine visa processing at 25 diplomatic posts across Africa from August 1, consolidating operations into 20 regional hubs as part of a sweeping overhaul aimed at strengthening security screening and streamlining consular services. The U.S. will end routine visa processing at 25 African diplomatic posts starting August 1, consolidating services…

The United States is providing its first federal backing for a green energy project in Western Sahara, supporting a proposed $4.5 billion green ammonia facility in the disputed Moroccan-controlled territory. The U.S. is supporting its first green energy project in Western Sahara with a $5.7 million grant for a $4.5 billion green ammonia facility. This…

South Africa has taken a major step towards expanding local-currency trade in Southern Africa after the Angolan kwanza became the second settlement currency on a regional payment system that had operated exclusively in rand for 13 years. Angola’s kwanza has become the second settlement currency on the SADC Real-Time Gross Settlement (SADC-RTGS) platform. The move…

The Zambian government has restricted unrefined copper exports to force foreign mining and industrial companies, especially Chinese firms, to build local processing plants. Zambia has imposed restrictions on the export of unrefined copper to encourage foreign firms to build local processing plants. The policy aims to shift the country from exporting raw minerals to producing…

Operations at one of the world’s largest platinum mining complexes have been temporarily suspended after six worker deaths over the past year and a rise in serious underground safety incidents prompted owner Impala Platinum Holdings (Implats) to halt mining and launch a comprehensive safety overhaul. South Africa’s largest platinum mining complex has suspended operations after…

Africa’s economic recovery could face a major setback after the African Development Bank (AfDB) warned that an unusually powerful El Niño weather event could erase between $10 billion and $20 billion from economies across the continent, slow growth, damage infrastructure and trigger fresh waves of climate migration. AfDB says a powerful El Niño could cost…

The president of Nigeria, Bola Tinubu, is facing calls from prominent energy analyst Dan Kunle (who served as Senior Technical Adviser to the Minister of Energy for Gas during the creation of the 2007–2009 Nigerian Gas Master Plan) to pause commitments on the proposed $25 billion Nigeria–Morocco Gas Pipeline. Energy analyst Dan Kunle urges President…

Daniel Adongo, the former Kenyan rugby player who built his career in South Africa before reaching the NFL, has been deported from the United States after immigration authorities said he overstayed his visa and was convicted of a criminal offence. Former Kenyan rugby player and NFL linebacker Daniel Adongo was deported from the US for…

The BRICS New Development Bank has added Zimbabwe as a member, according to the country’s Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube. Zimbabwe has joined the BRICS New Development Bank, making it eligible for new credit lines and funding opportunities. The announcement was made by Zimbabwe’s Finance Minister, Mthuli Ncube, highlighting the move’s…

The United States has unveiled a sweeping new tariff regime targeting imports from 60 economies, with Nigeria, South Africa, Egypt, Morocco, Algeria, Angola and dozens of other countries set to face a 12.5% tariff as President Donald Trump rebuilds his global trade wall under Section 301 of the Trade Act of 1974. The United States…

Ethio Telecom, Ethiopia’s state-owned telecoms behemoth, claimed a significant rise in profit for the fiscal year 2025/26, owing to rapid subscriber growth, expanded digital offerings, and the sustained success of its mobile money platform, Telebirr. Ethio Telecom reported a net profit of $581 million for 2025/26, up 47.5% from the previous year. Revenue rose to…

Before the Iran war, around 15 million barrels of Persian Gulf oil passed through the Strait of Hormuz every day, making the narrow waterway one of the world’s most critical energy chokepoints. At least seven major pipeline projects are underway or planned to reroute oil exports via the Red Sea, Gulf of Oman, and the…

The Trump administration has unveiled a $500 million U.S.-Africa Strategic Investment Program, signaling a major shift in Washington’s engagement with Africa by prioritizing private sector investment over traditional foreign aid while seeking to secure access to the continent’s vast critical mineral resources. The Trump administration launched a $500 million U.S.-Africa Strategic Investment Program. The initiative…

The Dangote Refinery, controlled by Africa’s richest man, Aliko Dangote, has received backing from some of Africa’s most high-profile institutional investors, raising $2.5 billion in a historic private equity placement that generated record demand. Dangote Refinery has raised $2.5 billion in a record-breaking private equity placement with strong interest from major African and international institutional…

The official state-owned lithium mining arm of Zimbabwe, Mutapa Energy Resources, has secured a $300 million investment to accelerate the development of its lithium assets, marking the latest step in the country’s efforts to bolster its position in the global battery resource market. Zimbabwe’s state-owned Mutapa Energy Resources has secured a $300 million investment to…

Cameroonian billionaire Baba Ahmadou Danpullo has launched a new asset management firm, Danpullo Capital, to organize and shield his estimated $930 million fortune. Baba Ahmadou Danpullo has launched Danpullo Capital, an asset management firm, to organize and protect his $930 million fortune. The firm was unveiled in Douala in partnership with Kessner Capital Management. Danpullo’s…

The former president of Nigeria, Goodluck Ebele Jonathan, recently relayed that the country’s local content strategy for the oil and gas industry was inspired by China’s success in developing a robust domestic petroleum industry. Former Nigerian president Goodluck Jonathan revealed that the country’s oil and gas local content strategy was inspired by China’s petroleum industry.…

The Confederation of African Football (CAF) has accepted the joint declaration of interest submitted by Burkina Faso, Mali and Niger to host the 2032 Africa Cup of Nations (AFCON), allowing the three Sahel nations to move to the next stage of the tournament’s bidding process. CAF has accepted the joint declaration of interest from Burkina…

China’s campaign to expand the global use of the yuan is gaining fresh momentum in Africa, with Angola becoming the latest country to deepen its integration with Beijing’s financial system as one of its biggest commercial banks prepares to join China’s Cross-Border Interbank Payment System (CIPS). Angola’s Banco de Fomento Angola plans to become the…

SpaceX’s Starlink has officially launched commercial satellite internet services in Seychelles, extending its footprint to 28 African countries in a move that signals the company’s strategy is evolving beyond connecting underserved communities to competing in more mature broadband markets. Starlink has launched commercial satellite internet services in Seychelles, expanding its footprint to 28 African countries.…

Microsoft co-founder and philanthropist Bill Gates has recently advised that African leaders urgently need to invest in human capital and technology as foreign aid to the continent decreases. Bill Gates urges African leaders to invest in human capital and technology as foreign aid to Africa declines. African governments face increased financial pressure and must reconsider…

Taifa Gas, the cooking gas company controlled by Tanzanian billionaire Rostam Aziz, is nearing the completion of a $124 million terminal in Mombasa aimed at breaking the duopoly controlling Kenya’s cooking gas imports. Taifa Gas, owned by Tanzanian billionaire Rostam Aziz, is finalizing a $124 million LPG terminal in Mombasa. The 30,000-tonne facility, with expansion…

A major battle over the cost of blockbuster diabetes and weight-loss drugs is unfolding in Africa as South Africa reviews 12 applications for generic versions of semaglutide, the active ingredient in Novo Nordisk’s Ozempic and Wegovy. South Africa’s health regulator is reviewing 12 applications for generic versions of semaglutide, the ingredient in Ozempic and Wegovy.…

Ghana has opened applications for new 5G spectrum licenses that could generate more than $200 million for the government, months after revoking an exclusive infrastructure agreement backed by Indian billionaire Mukesh Ambani. Ghana has launched a new 5G spectrum auction expected to raise over $200 million for the government. The National Communications Authority is offering…

Apple overtook Nvidia on Friday, July 17, 2026, to reclaim its position as the most valuable company in the world. Apple’s market share is growing rapidly in Africa, now accounting for over 15% of smartphones. Apple reclaimed the title of the world’s most valuable company from Nvidia on July 17, 2026. Nvidia’s shares dropped by…

West African leaders on July 19, 2026, signed an ECOWAS agreement approving the construction of a gas pipeline linking Nigeria to Morocco during a summit held in Freetown, Sierra Leone. West African leaders signed an ECOWAS agreement, to construct a $25 billion gas pipeline linking Nigeria to Morocco. The 6,000 km pipeline will transport natural…

A new report has revealed that China’s mining company, Zijin has started exporting lithium concentrate from its Manono project in the Democratic Republic of Congo. The shipments mark the first time the African country has exported lithium. Zijin, a Chinese mining company, started exporting lithium concentrate from the Manono project in the DRC. African countries…

South Africa intends to draw in $46 billion (750 billion rand) for an industrial push to establish initiatives classified as specialized industrial hubs. South Africa aims to attract $46 billion in investments by April next year to boost its manufacturing sector through specialized industrial hubs. The government plans to raise about R200 billion from various…

One of Africa’s biggest natural gas opportunities is entering a defining phase, but Mozambique’s local businesses have been told they cannot rely on government protection to secure a share of the country’s multibillion-dollar LNG industry. Mozambique’s LNG projects could unlock more than $50 billion in investment. Eni says local firms must meet global standards to…

Aliko Dangote is nearing the completion of a $2.5 billion private share placement for his refinery business, marking a major step toward what could become Africa’s largest initial public offering (IPO). Aliko Dangote is close to completing a $2.5 billion private share placement for his refinery, valuing it at about $40 billion. The private offering…

The British government on July 16, 2026, imposed targeted sanctions on 11 individuals and entities suspected of facilitating the conflict gold trade and financial networks fueling the ongoing war in Sudan. The British government imposed targeted sanctions on 11 individuals and entities linked to the conflict gold trade fueling Sudan’s war. The sanctions focus on…

Nigeria is taking one of its boldest steps yet to tighten oversight of its foreign exchange market, introducing a centralised digital system that will allow regulators to track every official dollar purchase made by licensed Bureau De Change (BDC) operators from banks in near real time. Nigeria’s central bank has launched a digital platform to…

As recently reported, the South African subsidiary of Japan’s largest car manufacturer, Toyota South Africa Motors (TSAM), has completed more than 77% of its 10.4 billion rand ($634 million) investment programme to manufacture the next-generation Hilux pickup truck. Toyota South Africa Motors has completed over 77% of its R10.4 billion investment program to manufacture the…

Scientists have discovered a previously undiscovered monkey species, Likweli, deep within the Democratic Republic of the Congo’s jungles, highlighting the Central Congo Basin’s incredible biodiversity and the critical need for its protection. Scientists have discovered a new monkey species, Colobus congoensis, in the Democratic Republic of the Congo’s jungles. The discovery involved genetic research, audio…

South Africa is looking to ensure that its relationship with fellow African countries remains untainted following an ugly episode of xenophobia and anti-immigration demonstrations that swept the country over the last few months. South Africa has faced backlash from other African countries due to recent xenophobic and anti-immigration protests targeting African nationals. Some countries, including…

DRDGOLD, a South African gold producer, has reached a significant milestone in its Vision 2028 expansion strategy by completing the new elution circuit and smelt house at its Far West Gold Recoveries (FWGR) Driefontein 2 (DP2) facility, resulting in the successful production of its first gold bar. DRDGOLD has completed a new elution circuit and…

Canada’s Montage Gold is wasting little time turning its latest acquisition into a future mine, underscoring growing confidence in Côte d’Ivoire as one of Africa’s fastest-growing gold investment destinations. Canada’s Montage Gold has launched a $13.5 million exploration programme to fast-track the Didiévi project into its second producing mine in Côte d’Ivoire. The investment comes…

For Taiwo Akinropo, HeyFood wasn’t born out of a love for restaurants. It began with a fascination for broken systems. After leaving the University of Ibadan, he built HeyFood into one of Nigeria’s leading food delivery platforms, processing more than ₦6.1 billion in transactions. Now, he’s betting on autonomous AI, believing Africa should build—not just…

Nigeria has approved a major tax incentive for Shell Plc’s planned deepwater oil project as President Bola Tinubu’s administration intensifies efforts to revive investment in the country’s struggling petroleum sector. Nigeria has approved a significant tax incentive for Shell’s Bonga Southwest Aparo deepwater oil project, offering a $11.50 rebate per barrel produced. This incentive, over…

Botswana recently received another C-130H Hercules, an American four-engine turboprop military transport aircraft. Botswana received another C-130H Hercules military transport aircraft from the United States, strengthening its airlift capability. The donation marks a significant milestone in US-Botswana bilateral relations and comes through the Excess Defence Articles (EDA) programme. Botswana previously received a C-130H in May…

A trust linked to the family that founded Famous Brands, Africa’s largest restaurant franchisor, has reduced its stake in the company after selling shares worth about $129,000 (R2.1 million), according to regulatory filings. A trust linked to Famous Brands’ founding family has sold shares worth about $129,000 (R2.1 million). The disposal represents less than 0.6%…

For decades, African countries have relied heavily on external powers to secure their borders. African nations have historically depended on foreign technology for border security and defense hardware. Terra Industries, founded in 2024, is a West African startup locally designing and manufacturing drones, surveillance towers, and ground vehicles. Over 70% of Terra’s manufacturing inputs are…

For Damilola Olokesusi, Shuttlers wasn’t born from a single idea. It grew out of years of navigating Lagos’ transport chaos, a family tragedy, and a vision for better mobility. In this edition of Meet the Founder, she shares how she built Shuttlers into a company that has raised over $5 million and completed more than…

Kenya expects a proposed oil refinery backed by Africa’s richest man, Aliko Dangote, to create about 60,000 jobs as the country pushes to establish itself as East Africa’s leading energy hub. President William Ruto says Kenya has reached an agreement with Aliko Dangote to move ahead with a proposed refinery in Lamu. The project is…

Egypt has publicly displayed its Russian-made S-300VM air-defence system for the first time, more than a decade after reports emerged that Cairo had acquired the equipment under a contract worth more than $1 billion as part of a wider $3.5 billion arms package signed with Russia in 2014. Egypt has publicly displayed its Russian-made S-300VM…

South Africa’s largest truck manufacturer, Isuzu Motors South Africa (IMSA), has warned that soaring electricity costs are placing growing pressure on the country’s manufacturing sector, urging the government to extend energy price relief to industrial users to help safeguard competitiveness. Isuzu Motors South Africa warns that soaring electricity costs threaten the competitiveness of the country’s…

Africa’s fight against corruption is showing signs of recovery after years of setbacks, with several countries strengthening oversight and accountability even as public confidence in anti-corruption efforts remains fragile. Africa’s average Anti-Corruption score improved from 38.6 in 2016 to 39.1 in 2025, marking a recent recovery after setbacks. Rwanda and Seychelles top the continent’s anti-corruption…

A.P. Moller-Maersk, the world’s second-largest container shipping company, is resuming more services through the Suez Canal after nearly three years of disruption caused by attacks on commercial vessels in the Red Sea. Maersk is resuming its Middle East-U.S. East Coast shipping service through the Suez Canal, reflecting growing confidence in the route after disruptions from…

The East African country of Ethiopia garnered $4.32 billion in foreign direct investment (FDI) for the fiscal year 2025/26, indicating that increased investor confidence continues to execute broad economic reforms. Ethiopia attracted $4.32 billion in foreign direct investment (FDI) for the fiscal year 2025/26, an 8% increase over the previous year. The investment figure may…

Economists are warning of severe macroeconomic blowback, noting that a mass departure of foreign nationals from South Africa risks crippling key labor markets and the local business ecosystems that protesters claim they want to protect. Economists warn that mass departures of foreign nationals from South Africa could cripple key labor markets and business ecosystems. Intense…

JSE-listed Optasia posted 50–60% revenue growth for the first half of 2026, driven by expansion outside Nigeria, even as the company’s oldest African market grapples with an unresolved regulatory dispute over airtime credit. Optasia reported 50–60% revenue growth for H1 2026, mainly due to expansion outside of Nigeria. Adjusted EBITDA improved by 40–50%, and the…

Russia has offered to help Mozambique combat the Islamist insurgency in Cabo Delgado, positioning itself around one of Africa’s most strategically important energy regions as the country races to revive tens of billions of dollars in liquefied natural gas (LNG) investments. Russia has offered to help Mozambique fight the Islamist insurgency in Cabo Delgado, a…

Anti-immigration demonstrations in South Africa escalated sharply on Thursday as organized groups conducted door-to-door evictions in Johannesburg, forcibly removing foreign nationals from their homes. Anti-immigration protests in South Africa have intensified, with groups forcibly evicting foreign nationals from their homes in Johannesburg. West African countries have ramped up evacuation and repatriation missions, with Ghana and…

The US-based helicopter manufacturer, MD Helicopters, recently announced the shipment of its MD-530F model to Zimbabwe. MD Helicopters has delivered its first MD-530F helicopter to an operator in Zimbabwe. The helicopter was shipped to a wildlife conservation organization after approval from the company’s Arizona facility. MD Helicopters provides turnkey delivery services including logistics and aircraft…

Soldiers under the Russian paramilitary Africa Corps in Mali suffered an attack in the northern part of the West African country, according to three security sources ‌and a spokesperson for the armed group. Fighters with Russia’s Africa Corps suffered an attack in northern Mali, targeting a convoy of over 200 Russians and 100 Malian soldiers.…

Travel between Nigeria and the United States is entering a new phase after both countries announced separate changes to their visa systems, altering how visas are issued and processed for travellers. The U.S. has shortened most non-immigrant visa validity for Nigerians to single-entry, three-month visas, affecting new applications only. Existing U.S. visas issued to Nigerians…

The Dangote Group appears set to influence Nigeria’s downstream petroleum industry with a free petrol delivery scheme, providing bulk purchasers direct access to gasoline for ₦1,075 per litre in chosen states. Dangote Group is launching a free gasoline delivery scheme for bulk buyers at ₦1,075 per litre in select Nigerian states. The scheme targets high-volume…

The ECOWAS Bank for Investment and Development (EBID) plans to double its balance sheet to $4.4 billion over the next five years as it seeks to narrow West Africa’s estimated $36 billion annual infrastructure financing gap. EBID aims to double its balance sheet to $4.4 billion in five years to help narrow West Africa’s $36…

Tanzania has significantly boosted its gold reserves, acquiring over 28 metric tons in the last 18 months as part of a campaign to enhance foreign reserves and stabilize the country’s currency. Tanzania has increased its gold reserves by over 28 metric tons in the past 18 months to support foreign reserves and stabilize its currency.…

The South African police have refuted claims that the Nigerian man who lost his life in their custody was a victim of xenophobia. South African police denied that a Nigerian man who died in their custody was a victim of xenophobia. The Nigerian government accused South African law enforcement of xenophobic violence and threatened international…

South Africa’s plan to unlock one of the world’s largest shale gas resources has encountered a new challenge after scientists identified previously unknown fault lines beneath the Karoo Basin, raising concerns about potential seismic risks linked to future exploration. Scientists have discovered previously unknown fault lines beneath South Africa’s Karoo Basin. The Karoo Basin is…

Niger State has allocated 500 hectares of land to Abuja Steel Mills Limited, a subsidiary of Raj Gupta’s African Industries Group (AIG), for the construction of what the company says could become sub-Saharan Africa’s largest solar-powered steel manufacturing facility, alongside a new industrial park. Niger State has allocated 500 hectares of land to Abuja Steel…

Nigerian tycoon Tony Elumelu is set to leave the chairmanship of United Bank for Africa Plc after 12 years, closing a major banking chapter as a new oil and gas boardroom role comes into view. Tony Elumelu will step down as chairman of United Bank for Africa (UBA) in August 2026 after reaching the tenure…

London-listed Genel Energy has agreed to acquire Capricorn Energy in a $360 million all-cash deal, giving it a major foothold in Egypt as it seeks to reduce its reliance on oil assets in Iraq’s conflict-prone Kurdistan region. UK-listed Genel Energy has agreed to acquire Capricorn Energy in a $360 million all-cash deal. The acquisition gives…

The Democratic Republic of Congo, the source of about 70% of the world’s cobalt and the world’s second-largest copper producer, does not expect this year’s output of the critical minerals to suffer despite supply chain disruptions triggered by the recent conflict in the Middle East, a senior mining official told Reuters. DR Congo expects no…

Like the United States’ defense center, which derives its name directly from its geometric design, Egypt’s new defense center, The Octagon, is constructed based upon an eight-sided architectural concept. Egypt has inaugurated The Octagon, a new State Strategic Command Headquarters in the New Administrative Capital. The Octagon’s design features eight octagonal buildings symbolizing balance and…

Marriott International, the world’s largest hotel company, has ended its 34-year beverage partnership with PepsiCo and signed a global agreement with Coca-Cola, marking one of the biggest shifts in the long-running rivalry between the two soft drink giants. Marriott International has ended its 34-year partnership with PepsiCo and signed a global beverage agreement with Coca-Cola.…

Some of the world’s largest cobalt producers are racing to avoid losing their export quotas in the Democratic Republic of Congo after a government administrative failure prevented companies from processing shipments ahead of a key regulatory deadline. Major cobalt producers in the Democratic Republic of Congo, including Glencore and CMOC, fear losing export quotas after…

The United States has said it will stop supporting United Nations logistical assistance for the African Union peacekeeping mission in Somalia from next year, a move that could jeopardise one of Africa’s largest and longest-running security operations. The U.S. will stop backing U.N. support for the AU mission in Somalia. The decision takes effect from…

The global race to secure the minerals powering artificial intelligence, clean energy and advanced defence technologies is accelerating. Africa should be one of its biggest winners. Africa holds over a quarter of the world’s critical mineral reserves. Yet fewer than 10% of projects are moving towards production. McKinsey says the continent could unlock $40bn in…

Burkina Faso, Mali and Niger have officially begun the year-long legal process of withdrawing from the International Criminal Court (ICC), marking another significant step in the three military-led governments’ effort to distance themselves from Western-backed international institutions. Burkina Faso, Mali, and Niger have started the legal process to withdraw from the International Criminal Court (ICC),…

Tanzania has become the latest African country to join the United States’ new co-investment health model, signing a five-year $3.1 billion partnership that signals Washington’s shift from traditional foreign aid to shared financing, even as similar agreements face scrutiny over data sovereignty and access to strategic resources. Tanzania has signed a $3.1 billion five-year health…

Cameroon has removed 39 vessels from its national ship registry after an official investigation found they were fraudulently operating under the country’s flag as part of Russia’s so-called “shadow fleet,” highlighting growing international efforts to crack down on sanctions evasion in the global oil trade. Cameroon has removed 39 vessels from its ship registry after…

Africa’s third-largest gold producer , Mali has launched a new state agency to regulate its sprawling artisanal gold industry after authorities uncovered major discrepancies between the country’s officially declared gold exports and the volumes recorded by importing countries, highlighting the scale of illicit trade draining billions of dollars from one of Africa’s largest gold producers.…

The Democratic Republic of Congo (DRC) is in the process of initiating its inaugural stock exchange, as the emergence of AI is driving demand for some of the country’s most critical minerals. The Democratic Republic of Congo is launching its first stock exchange next year, featuring both the Congolese franc and the US dollar. The…

Russia recently handed over a mobile laboratory to Namibia to aid the Southern African country in early disease detection. Russia has given Namibia a mobile laboratory to help with early disease detection and strengthen the country’s biological protection. The pneumoframe mobile lab can perform over 800 tests daily and is valued at more than N$13…

The world’s largest e-commerce and online retail store, Amazon, is investing heavily in removing South Africa’s carbon credits. Amazon is investing in the removal of 1.95 million tons of carbon credits through a nature-based program in South Africa’s Eastern Cape. The initiative is backed by the World Bank’s Spekboom Outcome Bond and meets top international…

Seychelles’ tourism industry is showing fresh signs of losing momentum after powering the island nation’s economy to record growth last year, with new data revealing fewer international visitors and a sharp decline in cruise tourism as global travel headwinds begin to weigh on Africa’s richest island economy. Seychelles’ visitor arrivals fell in May and remain…

Saudi Arabia has accredited Saad Misfer Ahmed Almimoni as its ambassador to Burkina Faso, adding fresh diplomatic weight to relations between Riyadh and Ouagadougou at a time when the West African country is moving further away from France. Saudi Arabia has accredited Saad Misfer Ahmed Almimoni as its ambassador to Burkina Faso, marking a strengthened…

Africa’s richest man, Aliko Dangote, is preparing a major expansion of his industrial empire in Tanzania, with plans spanning power generation, fertiliser production, transport infrastructure, ports and a special trade zone following high-level investment talks with President Samia Suluhu Hassan in Dar es Salaam. Aliko Dangote plans a major expansion of his investments in Tanzania…

Baba Ahmadou Danpullo is making one of the boldest private infrastructure bets in African aviation, committing almost the equivalent of his entire estimated fortune to launch a new airline in a region where governments have spent decades struggling to build sustainable national carriers. Francophone Africa’s richest billionaire, Baba Ahmadou Danpullo, plans to invest 500 billion…

The United States has reduced operations at four of its diplomatic missions in South Africa as nationwide anti-illegal immigration protests, which have heightened concerns over xenophobic violence, get underway. The US has reduced operations at four diplomatic missions in South Africa due to nationwide anti-illegal immigration protests. These protests are calling for stricter immigration enforcement…

The United States’ plan, spearheaded by the country’s president, Donald Trump, to send illegal migrants to third-party countries has resulted in a lawsuit against the West African country of Ghana. The US under President Donald Trump implemented a plan to deport illegal migrants to third-party countries, leading to a lawsuit against Ghana. A legal team…

Canadian rapper Drake won more than $1 million after Canada beat South Africa in the FIFA World Cup Round of 32, ending Bafana Bafana’s historic run and adding another chapter to the musician’s record of high-stakes sports betting, four years after he lost a £837,000 wager on Argentina in the 2022 final. Drake won over…

Africa’s largest refinery has purchased crude oil from the United Arab Emirates for the first time, widening its supplier base as persistent shortages of Nigerian crude continue to complicate efforts to feed one of the world’s biggest single-train refining complexes. Dangote Refinery has bought crude oil from the UAE for the first time, marking its…

More than 50 million Africans have gained access to electricity in less than three years under a World Bank-backed initiative aimed at tackling the continent’s chronic power deficit, with Tanzania, Ethiopia and Nigeria accounting for the largest share of new connections as Africa accelerates efforts to power economic growth. More than 50 million Africans gained…

About three years after ordering 400 French special forces to leave its territory, Burkina Faso has taken its most consequential step yet in dismantling decades of French influence by formally severing diplomatic relations with France. Burkina Faso has formally severed diplomatic relations with France, ending decades of French influence. The government accused France of harboring…

A strong and stable currency might be one of the most significant assets that an African country can have. A strong and stable currency benefits African countries by lowering import costs, controlling inflation, and boosting investor confidence. Countries with strong currencies can purchase imported goods, such as petroleum and machinery, at lower prices, enhancing buying…

President Trump’s administration has escalated its campaign against the illicit mineral trade in Central Africa by sanctioning a Kigali-based gold refinery that it says sits at the heart of a sophisticated network smuggling conflict gold from the Democratic Republic of the Congo (DRC). The U.S. sanctioned Gasabo Gold Refinery in Kigali for allegedly refining and…

African economies heavily dependent on imported fuel could be set for some relief after shipping activity through the Strait of Hormuz surged to its highest level since conflict disrupted one of the world’s most important energy corridors. Shipping activity through the Strait of Hormuz has surged, with a record 78 vessels passing on June 24,…

Africa is spending billions of dollars to tackle one of its biggest barriers to economic growth, access to reliable electricity. As African countries invest billions to expand electricity access, oil producers worldwide burned an estimated $54 billion worth of natural gas in 2025, according to the World Bank. The report says the wasted gas could…

Nigeria, Libya and Algeria have been listed among the world’s biggest gas-flaring countries, raising fresh concerns over Africa’s ability to turn its oil and gas resources into power, revenue and industrial growth. Nigeria, Libya and Algeria are among the nine countries responsible for most global gas flaring. The World Bank said the top nine countries…

Africa is facing a fresh energy paradox: the world is burning off enough natural gas to match the continent’s annual consumption while millions of people still lack reliable electricity. Global gas flaring rose to 167 billion cubic metres in 2025, the highest level since 2019. The World Bank said the volume was comparable to Africa’s…

The United Arab Emirates (UAE) has introduced a new visa policy that grants visa-on-arrival access to Kenyan passport holders who possess valid residence permits issued by the United States or a member state of the European Union. The UAE has introduced visa-on-arrival access for Kenyan passport holders with valid US or EU residence permits. This…

Paramount Group, Africa’s largest private defence company, has unveiled a new light armoured vehicle with India’s Kalyani Strategic Systems Limited, as African and Asian defence manufacturers deepen partnerships to supply armed forces across emerging markets. The Simha 4×4 is designed for versatility, including roles in urban warfare, border protection, special operations, and troop transport, with…

Nigerian oil billionaire Mohammed Indimi is set to receive a dividend of about N1.44 billion ($1.05 million) after shareholders of Jaiz Bank approved a higher cash payout following another year of strong earnings growth. Oil billionaire Mohammed Indimi is entitled to a N1.44 billion ($1.05 million) dividend from Jaiz Bank after shareholders approved a higher…

Nigeria’s biggest stock market selloff this year wiped more than $1 billion from the fortune of industrialist Abdul Samad Rabiu, underscoring how sharp swings in the country’s equity market can rapidly reshape the wealth of Africa’s richest business leaders. Abdul Samad Rabiu’s fortune fell by $1.02 billion after BUA Cement shares dropped 10%. The Nigerian…

The Swiss luxury firm Richemont, controlled by Africa’s second richest man, Johann Rupert, formally inaugurated a significant extension of its leather goods production plant in Scandicci, an Italian town close to Florence, on June 23. Richemont has expanded its leather goods production plant in Scandicci, Italy, increasing the facility’s size from 5,000 to 12,000 square…

The UK-based mining company, Vedanta Resources, has taken the calculated decision to slightly divest one of its assets in an attempt to raise funds for its mining operations in Zambia. Vedanta Resources plans to sell an 11.8% stake in its U.S. division, CopperTech Metals Inc, to raise up to $429 million. Most of these funds…

For quite a number of Nigerian travellers going to other destinations today, the journey does not end at arriving at the airport. In fact, a new one begins there. Nigerian travellers increasingly face payment and connectivity challenges abroad, including card restrictions and delayed mobile data access. As international travel becomes more digital, demand is growing…

Angola’s push to strengthen its place among Africa’s major oil producers has received another boost after Azule Energy awarded a $1 billion contract to Italian contractor Saipem for work on the Greater PAJ project. Saipem has won a $1 billion contract to build offshore infrastructure for Angola’s $5.1 billion Greater PAJ oil project. The contract…

As conflict, terrorism and geopolitical tensions continue to weigh on global stability, a handful of African countries have managed to stand out as islands of peace. Global peacefulness has declined for the 15th time in 18 years, dropping by 0.7% in the last year according to the Global Peace Index 2026. Ongoing conflicts, rising geopolitical…

Libya’s House of Representatives has criticised US Vice President JD Vance after he compared the risk of Iran’s collapse to Libya’s post-2011 instability, a period that disrupted the country’s oil-dependent economy and left it divided between rival political and armed factions. Libya’s House of Representatives criticized US Vice President JD Vance for comparing Iran policy…

The Nigerian billionaire Femi Otedola recently labelled Africa’s richest man, Aliko Dangote, as a “$200 billion man in the waiting,” just days after Dangote hinted at being worth over $38 billion. Femi Otedola called Aliko Dangote a “$200 billion man in the waiting” after hosting him in Monaco. Dangote’s wealth is expected to soar due…

The 650,000-barrel-per-day Dangote Refinery, according to recent data, imported an estimated 1.46 billion litres of intermediates and gasoline blendstock. The Dangote Refinery imported 1.46 billion litres of intermediates and gasoline blendstock between January and May. Despite increased crude oil access, the refinery continues to rely on imported intermediates to maintain and optimize gasoline output. Average…

Kenya is reviving a $1.2 billion expansion of Nairobi’s main airport, months after abandoning a controversial Adani-linked deal that had triggered public anger, legal scrutiny and political pressure. Kenya has appointed AFC and TDB to arrange financing for a $1.2 billion upgrade of Jomo Kenyatta International Airport. The project comes after Kenya cancelled a proposed…

Ireland has deported 42 South African nationals who were living illegally in the country, at an initial cost of €735,000 ($853,000), as South Africa faces renewed debate over migration, xenophobia and the presence of undocumented foreign nationals. Ireland deported 42 South African nationals living illegally in the country, at an initial cost of €735,000. Deportation…

Kenya’s plan to modernize its main international airport has evolved into one of the country’s most controversial infrastructure projects, drawing in Indian billionaire Gautam Adani, Zimbabwean businessman Wicknell Chivayo, Chinese contractors, labor unions, courts and senior government officials. Kenya’s plan to expand Nairobi’s Jomo Kenyatta International Airport has become a highly controversial project involving multiple…

Aliko Dangote, Africa’s richest man, has stated that his true worth may be substantially higher than the figures currently published by global wealth trackers, noting that some of his most valuable firms are privately held. Aliko Dangote claims his real net worth is much higher than global wealth trackers estimate, as many of his valuable…

Africa’s uranium industry is becoming a strategic front in the global race for nuclear fuel, as rising reactor demand, supply-security concerns and resource nationalism draw fresh attention to the continent’s reserves. Africa is becoming increasingly significant in the global uranium industry due to growing nuclear reactor demand and geopolitical interest in nuclear fuel supply. Namibia,…

The European Parliament has called on the European Commission to withdraw its proposed €156 million (about $179 million) funding package for Tanzania, escalating tensions between Brussels and Dar es Salaam over allegations of electoral fraud and human rights violations. The EU has urged the European Commission to withdraw €156 million in proposed funding for Tanzania.…

Ukraine is deepening its engagement with Africa by combining food security diplomacy with technology partnerships, as Kyiv seeks to convert its “Grain from Ukraine” initiative into a broader platform for long-term economic cooperation across the continent. Ukraine is shifting its ‘Grain from Ukraine’ initiative from humanitarian aid to a platform for long-term economic cooperation in…

Toyota Motor Corp. shareholders have backed Akio Toyoda’s continued grip on the world’s top-selling automaker, re-electing the founding-family heir as chairman as the company pursues a $33 billion supplier buyout and leans on resilient sales in Africa. Akio Toyoda was re-elected as chairman of Toyota, reinforcing the founding family’s influence as the company pursues a…

Zimbabwe has licensed a second gold refinery as it moves to expand its processing capacity amid rising output of the precious metal and growing pressure on its existing infrastructure. Zimbabwe has approved a second gold refinery in Bulawayo to expand processing capacity as gold output rises. The current state-owned facility, Fidelity Gold Refinery, may soon…

Libya’s push to reclaim its position as one of Africa’s leading oil producers gained fresh momentum after the country reported encouraging production rates from a newly drilled well in the Al-Khair oilfield. Libya has reported strong production rates from a newly drilled well at the Al-Khair oilfield. The development comes as the country pushes to…

The United Kingdom has imposed new sanctions targeting a Nigeria-linked entity accused of being part of a wider financial network used to support Russia’s war effort and bypass Western restrictions. The UK has imposed new sanctions targeting a Nigeria-linked entity accused of supporting Russia’s financial networks. These actions are part of a broader G7 package…

Kenya is close to signing a critical minerals agreement with the United States that would allow rare earths and other strategic minerals to be processed domestically, marking a significant step in the country’s efforts to capture more value from its natural resources. Kenya is nearing a critical minerals agreement with the United States. The proposed…

Morocco’s fuel-price debate has become bigger than petrol stations. It is now a test of power, privilege and who pays when an import-dependent economy is exposed to global energy shocks. Morocco’s parliament has rejected proposals to cap fuel prices and nationalise the Samir refinery. But the debate has revived scrutiny of Prime Minister Aziz Akhannouch,…

Controversial Zimbabwean businessman Wicknell Chivayo, who maintains close ties to Kenyan President William Ruto, has secured a stake in the $2.9 billion expansion of Jomo Kenyatta International Airport (JKIA). Zimbabwean businessman Wicknell Chivayo, connected to Kenya’s President William Ruto, has obtained a stake in the $2.9 billion expansion of Nairobi’s Jomo Kenyatta International Airport. Chivayo’s…

Bombardier has confirmed that a private jet owned by Africa’s third-richest man, Abdulsamad Rabiu, is the first delivery of its flagship Bombardier Global 8000 on the continent, marking a milestone for Africa’s private aviation market. Abdulsamad Rabiu, Africa’s third-richest man, has acquired the continent’s first Bombardier Global 8000, a state-of-the-art long-range business jet. The Bombardier…

Morocco has secured a place among the world’s largest silver-producing nations, standing out as the only African country on a new global ranking of top silver producers compiled by Visual Capitalist. Morocco is now one of the world’s largest silver producers and the only African country in the top global ranking by Visual Capitalist. The…

The global shipping industry has spent nearly two years rerouting vessels around Africa as attacks in the Red Sea disrupt one of the world’s most important trade corridors. Yet South Africa, the country best positioned to benefit from the shift, is struggling to seize the opportunity. Cape Town has been ranked the world’s worst-performing container…

Behind every salary payment, ATM withdrawal, online purchase and stock market trade in South Africa sits a financial system that most people never see. South Africa’s SAMOS payments platform processes about R584 billion ($32.4 billion) daily. Roughly 90% of transaction value is settled in real time, reducing risks in the banking system. The Reserve Bank…

Millions of dollars are moving into and out of Nigeria through smartphones, digital wallets, and dollar-backed crypto assets, creating a new challenge for Africa’s most populous economy. Nigeria received about $59 billion in crypto inflows between July 2023 and June 2024, according to IMF-cited data. Stablecoins have become a major tool for remittances, trade payments…

Israel has imposed sweeping travel restrictions on foreign nationals from five African countries following concerns over the spread of Ebola, drawing a sharp protest from Kenya, which says it has not recorded a single case of the disease. Israel has imposed strict travel restrictions on foreign nationals from five African countries due to Ebola concerns.…

According to recent industry data quoted by S&P Global, the Dangote Oil Refinery’s rapid production is drastically altering fuel trade patterns throughout West Africa, causing a sharp decline in imported clean refined fuel. The Dangote Oil Refinery in Nigeria has rapidly increased production, significantly reducing West Africa’s need for imported refined petroleum products. West Africa’s…

Indian textile manufacturer Prestige Denim Mills plans to invest $20 million in a denim production facility in Egypt, adding to a wave of foreign textile projects in Africa’s second-largest economy. Prestige Denim Mills from India will invest $20 million in a denim production facility in Egypt’s West Qantara Industrial Zone, marking the first Indian investment…

Canada has joined the United States in blocking African participants from the 2026 FIFA World Cup after denying Ghana midfielder Thomas Partey a visa, a decision that has triggered a diplomatic protest from Accra and renewed concerns over cross-border travel during the tournament. Canada denied Ghanaian midfielder Thomas Partey a visa, preventing him from playing…

Australia has joined the United States and the United Kingdom in warning citizens travelling to South Africa about elevated security risks, citing violent crime, public unrest, and growing concerns linked to anti-immigration protests. Australia has joined the US and UK in warning about increased security risks for travellers to South Africa due to violent crime…

South Africa will begin charging foreign governments for the cost of deporting their nationals who violate immigration laws, in a policy shift signaling a tougher stance on undocumented migration and mirroring hardline approaches seen in the United States under President Donald Trump. South Africa plans to charge foreign governments for the costs associated with deporting…

Family Bank will begin trading on the Nairobi Securities Exchange (NSE) on June 23 after receiving approval from Kenya’s Capital Markets Authority (CMA), marking the culmination of a decades-long journey from a small building society into one of the country’s largest mid-tier lenders. Family Bank will begin trading on the Nairobi Securities Exchange on June…

Wesizwe Platinum has resumed trading on the Johannesburg Stock Exchange (JSE) after a year-long suspension, but the return to the market comes as the Chinese-backed miner pushes ahead with a restructuring plan that could affect nearly 500 workers and reshape the future of its flagship Bakubung mine. Wesizwe Platinum has resumed trading on the JSE…

Nigeria’s Senate has ordered the arrest of former state oil company chief Mele Kyari, who is said to be receiving medical treatment in Germany, after he repeatedly failed to appear before lawmakers investigating ₦210 trillion, about $154 billion, in disputed financial entries at the Nigerian National Petroleum Company. Nigeria’s Senate has ordered the arrest of…

Kenya has selected a Chinese construction giant to carry out a $2.9 billion expansion of its main international airport, two years after a previously proposed 30-year concession deal with billionaire Gautam Adani‘s company was cancelled. Kenya has chosen China Communications Construction Co. to carry out a $2.9 billion upgrade of Nairobi’s Jomo Kenyatta International Airport.…

South African billionaire Johann Rupert has secured approval for one of the country’s biggest healthcare transactions in recent years, strengthening his control over a network of 50 hospitals and nearly 9,000 beds as debates intensify over the future of private healthcare under the government’s National Health Insurance (NHI) plans. South Africa’s Competition Tribunal has approved…

Egyptian billionaire Naguib Sawiris is preparing to expand his presence in Greece’s luxury tourism market with a new five-star resort in Mykonos, expected to open in May 2027. Egyptian billionaire Naguib Sawiris is developing a five-star resort in Mykonos, set to open in May 2027. The project, worth over €100 million, targets the high-end international…

China’s Hengli Petrochemical has purchased at least 2 million barrels of West African crude as the privately owned refiner seeks to distance itself from sanctioned oil supplies and improve its chances of being removed from a U.S. blacklist. China’s Hengli Petrochemical bought at least 2 million barrels of West African crude as it improves chances…

After years of debt distress, currency crises and investor flight triggered by the COVID-19 pandemic and rising global interest rates, several African economies are beginning to regain the attention of international investors. Foreign investors are showing renewed interest in several African economies after years of market turbulence. Reforms in countries including Nigeria, Ghana, Egypt and…

Exploration work at Namibia’s Uis Project in the Erongo Region has returned new results pointing to a broad zone of mineralisation at the K9 pegmatite target, reinforcing the site’s growing importance in the country’s critical minerals sector. Exploration at Namibia’s Uis Project has identified a broad mineralised zone at the K9 pegmatite. Trenching revealed high-value…

The Trump administration says it has dismantled organised birth tourism networks spanning Africa and Europe, revoking hundreds of visas as Washington intensifies efforts to curb what it considers abuse of America’s birthright citizenship system. The Trump administration says it has dismantled birth tourism networks across Africa and Europe, revoking hundreds of visas. U.S. officials claim…

Nigeria’s Dangote refinery has reduced operating rates at its main gasoline-producing unit by 34% since May 21, raising concerns about fuel supply and export volumes at a time when global oil markets are already under pressure. Africa’s largest refinery has reduced operating rates at its key petrol-producing unit by 34% since May 21. The affected…

When Africa’s largest airline appears unwilling to accept a country’s currency, the problem usually extends far beyond aviation. Ethiopian Airlines has come under criticism following reports that it stopped accepting Sudanese pounds for ticket purchases in Port Sudan. The dispute comes as the Sudanese pound trades around 4,000-4,100 per dollar on the parallel market amid…

Europe’s quest for new energy supplies is breathing fresh life into two of Africa’s most ambitious gas infrastructure projects, with a combined value of roughly $38 billion. Europe is showing renewed interest in the Nigeria-Morocco Atlantic Gas Pipeline and the Trans-Saharan Gas Pipeline, worth a combined $38 billion. These pipelines could significantly transform Africa’s role…

Jim Ovia, the founder of Zenith Bank, is expanding his footprint in Nigeria’s luxury real estate market, betting that high-end property offers stronger returns than traditional banking investments. Jim Ovia, founder of Zenith Bank, is investing heavily in Nigeria’s luxury real estate market, seeing it as more profitable than traditional banking. His company, Quantum Luxury…

The International Monetary Fund (IMF) has raised concerns over Nigeria’s proposed $5 billion borrowing arrangement with First Abu Dhabi Bank, warning that such financial structures may be opaque, complex and difficult to fully assess in terms of risk exposure. The IMF expressed concerns over Nigeria’s proposed $5 billion borrowing from First Abu Dhabi Bank. The…

Rwanda has secured official approval for a new $250 million financing package from the International Monetary Fund (IMF), providing a critical buffer for one of Africa’s fastest-growing economies as rising global uncertainty and the ongoing conflict in the Middle East threaten to slow growth and fuel inflation. Rwanda has secured a $250 million, 38-month IMF…

Tanzania is seeking more than $2 billion in Russian investment and business deals over the next three to five years as East Africa’s second-largest economy deepens ties with Moscow following a diplomatic fallout with the United States and European Union. Tanzania is seeking over $2 billion in Russian investments and business deals within the next…

Italian energy major Eni has entered Gambia’s upstream oil and gas sector for the first time after securing an offshore exploration licence in a move that expands its footprint across one of Africa’s fastest-growing energy regions. Italian energy giant Eni has entered Gambia’s oil and gas sector after securing an offshore exploration licence for the…

The United Arab Emirates (UAE) has introduced emergency visa and travel restrictions targeting three African nations as authorities seek to contain the impact of an intensifying Ebola crisis. The UAE has imposed emergency travel restrictions on the DRC, Uganda, and South Sudan due to an Ebola outbreak. All new visas for citizens of these countries…

Africa’s five most militarised economies spent more than $33 billion on defence in 2025, highlighting how a small group of countries continues to dominate the continent’s military expenditure amid persistent security pressures. Africa’s five most militarised economies spent over $33 billion on defence in 2025, dominating the continent’s military expenditure. These countries’ military spending is…

Fifteen years after NATO’s intervention plunged Libya into prolonged instability, North Africa is witnessing a new military build-up led by Algeria and Morocco, which spent a combined $31.7 billion on defence in 2025 as they expanded rival fighter-jet programmes backed by Russia and the United States. Algeria and Morocco significantly increased their military spending in…

Sub-Saharan Africa has the largest informal workforce in the world, with nearly 88% of workers operating outside the formal economy, a trend that is weakening government finances, limiting economic growth, and making it harder for countries to improve their creditworthiness, according to Moody’s Ratings. Nearly nine out of every 10 workers in Sub-Saharan Africa are…

Millions of Nigerians are working, but many remain trapped in low-paying informal jobs that earn only a fraction of what formal employees take home, according to a new report by Moody’s Ratings. Nigerian informal workers earn nine times less than workers in the formal sector, according to Moody’s Ratings. The report exposes a major wage…

South Africa is mounting a formal challenge to a new U.S. tariff proposal that could further strain trade ties between Africa’s most industrialized economy and one of its most important export markets. South Africa is formally challenging a new U.S. tariff proposal to protect its key export sectors from further strain. The U.S. recently imposed…

South Africa has agreed to reopen its market to Kenyan tea, coffee and spices, marking the end of a trade dispute that had strained economic relations between two of Africa’s largest economies. South Africa has agreed to reopen its market to Kenyan tea, coffee, and spices, ending a significant trade dispute. The dispute resulted from…

For decades, Africa’s vast informal economy has been one of the continent’s most persistent development challenges, limiting tax collection, weakening productivity, and keeping millions of workers and businesses outside the formal financial system. Rwanda, Benin, Tanzania, and Côte d’Ivoire are among Africa’s strongest performers in reducing informality, according to Moody’s. The ratings agency says countries…

South African billionaire Johann Rupert built his fortune selling luxury goods to some of the world’s wealthiest consumers. Johann Rupert’s Reinet Investments bought a €22 million stake in the world’s largest gold ETF in 2015. The position is now worth about €80 million after gold’s historic rally. Gold prices have climbed from around $1,100 per…

According to billionaire investor Naguib Sawiris, Egypt’s vast mineral wealth is being squandered due to illicit mining operations, which are weakening investment and preventing the country from fully benefiting from its tremendous natural resources. Naguib Sawiris, Egypt’s richest man, criticized the widespread illegal mining in Egypt, claiming it squanders the nation’s mineral wealth. He attributed…

One of Nigeria’s most closely watched corporate battles took a dramatic turn this week after the Supreme Court overturned orders that froze the assets of Nestoil Limited and Neconde Energy, handing a significant victory to oil entrepreneur Ernest Azudialu-Obiejesi in a dispute involving more than $1.1 billion in alleged debt. Nigeria’s Supreme Court has overturned…

Mozambique has enacted sweeping new mining legislation requiring the state to hold a minimum 15% stake in all mining projects, as the resource-rich southern African nation seeks to capture a larger share of the value generated by its vast mineral wealth. Mozambique has enacted new mining laws requiring a minimum 15% state stake in all…

The French journalist, Christophe Gleizes, detained in Algeria back in 2024, on terror charges, maybe elibgible for a presidential pardon. French journalist Christophe Gleizes, detained in Algeria on terror charges, may now be eligible for a presidential pardon. Algeria’s top appeals court rejected calls for a harsher sentence, making the prospect of a pardon viable.…

Flights numbering around 20 have arrived in Kenya, despite tensions concerning the US’s plans to establish a quarantine base in the East African country. Around 20 flights carrying medical equipment and specialist staff have arrived in Kenya, amid controversy over Washington’s plan to establish a US quarantine base for Ebola exposure. At least six military…

Ethiopia is setting its sights on becoming a regional construction powerhouse, unveiling an ambitious plan to increase the share of domestic contractors capable of competing for international projects from 33% to 80% over the next decade. Ethiopia plans to increase domestic contractors’ share in international project bids from 33% to 80% within ten years. The…

South Africa has resumed large-scale maize exports as the country moves closer to what could become the biggest maize harvest in its history, a development that could strengthen food security and grain supplies across parts of Africa. South Africa has resumed large-scale maize exports amid forecasts of its biggest-ever harvest. The expected 17.064 million-tonne crop…

Art and culture are becoming some of the biggest drivers of tourism, identity, and global influence for cities worldwide. From world-class museums and contemporary art fairs to music festivals and creative districts, African cities are increasingly competing not just on economic strength but on cultural appeal. Cape Town, Marrakech, and Cairo have been named among…

A $4 billion Chinese deal targeting a gold mining company in Mali is facing growing uncertainty as regulators in Beijing raise concerns over valuation and geopolitical risk. Chinese regulators are questioning a $4 billion acquisition of Mali-based gold miner Allied Gold by Zijin Gold International due to concerns over valuation and political risk. China’s National…

At a time when parts of the global luxury industry are grappling with weaker demand in China and cautious consumer spending, the company behind Cartier is moving in the opposite direction. Richemont is approaching a $123 billion valuation after more than doubling in value over the past five years. The Cartier owner is outperforming parts…

Spiro, widely regarded as Africa’s largest electric mobility company, has raised $215 million in a new investment round as it accelerates its expansion across the continent and moves closer to unicorn status. Spiro, Africa’s largest electric mobility company, has raised $215 million in new funding, bringing it closer to unicorn status. The investment will help…

The global aviation fuel market could be reshaped after Russia suspended jet fuel exports through November, creating a supply gap that could help Nigeria’s Dangote Refinery expand sales and strengthen its position in the market. Russia has suspended jet fuel exports through November, creating a significant supply gap in the global aviation fuel market. Nigeria’s…

The United Arab Emirates has emerged as Zimbabwe’s largest export destination, overtaking South Africa in a major shift that underscores the growing economic ties between Harare and the Gulf state. The United Arab Emirates has overtaken South Africa as Zimbabwe’s largest export destination, marking a significant shift in the country’s trade landscape. UAE-bound exports accounted…

The United States has secured long-term access to one of the world’s largest untapped rare earth deposits, a move that could reduce its future dependence on mineral-rich African nations as Washington races to build a critical minerals supply chain independent of China. The United States secured a 15-year deal to access rare earths from Greenland’s…

Aliko Dangote is positioning his petroleum refinery to expand its crude processing flexibility from around 40 crude types to as many as 130 different crude grades. Dangote’s refinery aims to increase its crude processing capability from 40 to 130 different crude grades. This expansion will double the refinery’s output to 1.4 million barrels per day,…

One of Africa’s largest industrial manufacturing economies, South Africa, saw its producer inflation soar by a margin not experienced in over a decade. South Africa’s producer inflation jumped to 3% in April, a 172.7% increase from the previous month, driven by higher fertilizer and energy costs. The surge was primarily due to disruptions in global…

Burkina Faso’s military government under Captain Ibrahim Traoré has suspended the country’s largest student union, deepening concerns over shrinking civic freedoms as authorities intensify efforts to silence dissent amid a worsening security crisis. Burkina Faso’s military government has suspended the country’s largest student union, UGEB, for three months, with possible renewal. The suspension was justified…

South Africa has ranked among the world’s 30 largest food exporters, underscoring the country’s growing influence in global agricultural trade. South Africa is now among the world’s 30 largest food exporters, indicating its rising role in global agriculture. In 2024, South Africa exported $13.6 billion in agricultural products, making up about 0.9% of global agricultural…

Ethiopia has launched a national electric mobility roadmap aimed at transforming its transport sector, reducing emissions, and building a domestic clean-technology industry over the next five years. Ethiopia has unveiled its National Electric Mobility Strategy and Implementation Plan for 2025–2030. The roadmap seeks to accelerate electric vehicle adoption through infrastructure investment, policy reforms, and private-sector…

Burkina Faso is a step closer to securing nearly $105 million in fresh financing from the International Monetary Fund (IMF) after reaching a staff-level agreement with the lender following a review of its economic reform programme. Burkina Faso is on track to receive approximately $104.89 million from the IMF following a staff-level agreement reached after…

The United States has pledged $13.5 million to Kenya’s Ebola preparedness efforts following talks between U.S. Secretary of State Marco Rubio and President William Ruto, with both leaders agreeing to deepen coordination on outbreak response and regional containment measures. The United States pledged $13.5 million to support Kenya’s Ebola preparedness after discussions between Secretary Marco…

According to the Economist Intelligence Unit (EIU), Nigeria’s reliance on imported fuel has been significantly mitigated by the oil refinery owned by Africa’s richest man, Aliko Dangote. The Dangote Petroleum Refinery has drastically reduced Nigeria’s reliance on imported fuel, nearly meeting the country’s entire fuel demand. Nigeria’s domestic refining growth is relieving pressure on the…

Nigeria’s telecom subscribers spent an estimated N9 trillion, about $5.67 billion at current exchange rates, on airtime and data services in 2025, as rising internet consumption and tariff increases boosted revenues for the country’s largest operators. Nigerians spent an estimated $5.67 billion on airtime and data services in 2025, boosting revenues for major telecom operators.…

Zimbabwe’s gold industry is showing renewed strength in 2026, with bullion deliveries surpassing 12,600 kilogrammes in the first four months of the year as global demand and rising output from large-scale miners continue to boost the sector. Zimbabwe’s gold industry delivered more than 12,600 kilogrammes of bullion between January and April 2026, driven by stronger…

Kenya is considering contracting Turkish energy firm Karpowership, the world’s largest provider of ship-mounted power plants, to help meet rising electricity demand and ease power shortages. Kenya is in talks with Turkish firm Karpowership to deploy floating power plants and meet rising electricity demand. Negotiations are focused on rapidly increasing the power supply by installing…

Kenya is set to become a key part of the United States’ Ebola containment strategy as the Trump administration plans to establish a quarantine and treatment facility in the East African nation for American citizens exposed to the virus. The US plans to establish a quarantine and treatment facility for Ebola-exposed American citizens in Kenya,…

A Russian official recently came out to reveal that Algeria is one of the three countries on the globe with the strongest defense ties to the Kremlin. Algeria is recognized as one of Russia’s top three military-technical partners, alongside China and India. Russia maintains strong defense ties with several African and Middle Eastern countries, including…

More than a decade after leaving India for Africa, Deepankar Rustagi turned an initial $50,000 and later about $300,000 from family and friends into a $120 million retail supply chain platform after discovering that millions of small retailers across the continent were still invisible to the digital economy. Deepankar Rustagi transformed an initial $300,000 into…

South Africa’s president, Cyril Ramaphosa, has officially pushed back against a $4 million theft scandal dubbed Farmgate. President Cyril Ramaphosa is challenging a report linking him to a $4 million theft scandal known as Farmgate. Ramaphosa claims the allegations are based on rumors and has filed a legal challenge to set them aside. The Farmgate…

Africa has secured nearly $500 million in emergency pledges as health officials warn that a fast-spreading Ebola outbreak linked to a rare virus strain is beginning to outpace containment efforts across Central Africa. Africa has secured nearly $500 million in emergency pledges to combat the fast-spreading Bundibugyo Ebola outbreak in Central Africa. The rare Ebola…

Ghana has signalled that it will not automatically renew the mining lease for South Africa’s Gold Fields Tarkwa mine as the agreement approaches its 2027 expiry, marking a shift toward stricter oversight of long-term mining concessions in the country. Ghana will review Gold Fields’ mining lease under stricter conditions, as the current lease nears expiry…

Five African countries rank among the world’s top 10 borrowers from the World Bank’s concessional lending arm, collectively accounting for $67.8 billion in outstanding debt, according to new data on global exposure patterns. Five African countries are among the world’s top 10 borrowers from the World Bank’s concessional lending arm (IDA), together owing $67.8 billion.…

The African Development Bank opened its annual meeting in Brazzaville on Monday under the shadow of two crises that are rattling Africa at the same time: a worsening Ebola outbreak in central Africa and rising economic pressure linked to the Iran war. African leaders and financiers gathered in Brazzaville as Ebola fears and rising fuel…

As South Africa’s political succession debate intensifies ahead of President Cyril Ramaphosa’s expected exit in 2029, billionaire businessman Tokyo Sexwale is increasingly being linked to conversations about the country’s future leadership and political direction. Tokyo Sexwale, a billionaire and former anti-apartheid activist, has been linked to the ANC succession debate ahead of the party’s 2027…

The luxury goods group Richemont, led by South African billionaire Johann Rupert, has reported a strong increase in sales for the financial year. Richemont achieved strong sales growth, with revenue rising 11% to €22.4 billion despite global trade tensions and economic headwinds. The group’s core jewelry brands, Cartier and Van Cleef & Arpels, drove a…

South Africa’s commercial capital and Africa’s richest city, Johannesburg, is facing rising pressure over its worsening financial troubles after civil society group Public Interest SA threatened legal action against the city administration over what it described as a deepening governance and debt crisis. Public Interest SA has threatened legal action against the City of Johannesburg…

The Democratic Republic of Congo has imposed a sweeping three-month suspension of mining activities in parts of South Kivu province, targeting operations in two key territories as authorities move to tighten control over the country’s strategic mineral supply chain. The DRC has imposed a three-month suspension of mining activities in parts of South Kivu, targeting…

Iran has moved to formalise its control over the Strait of Hormuz, one of the world’s most important maritime chokepoints, by launching a new authority that now requires vessels to seek clearance and potentially pay millions of dollars before crossing the strategic waterway. Iran has established the Persian Gulf Strait Authority (PGSA) to control and…

Tanzania could be edging closer to becoming a significant player in Africa’s growing critical minerals industry following the discovery of rare earth element deposits in the country’s southern highlands. Tanzania has discovered rare earth element deposits containing Neodymium and Praseodymium in its southern highlands. These minerals are critical for technologies like electric vehicles, wind turbines,…

Nigeria may soon hand majority control of two of its most strategic oil assets to Chinese investors as the Nigerian National Petroleum Company Limited pushes a new plan to revive the country’s troubled refineries after years of failed rehabilitation efforts. NNPC is considering an NLNG-style partnership that could hand Chinese investors a 51% stake in…

Egyptian billionaire Hisham Talaat Moustafa is making a major push into the Middle East’s fast-growing entertainment industry through a new partnership with Saudi Arabia’s Sela, as Gulf money increasingly reshapes tourism, culture and consumer spending across the region. Egyptian billionaire Hisham Talaat Moustafa has partnered Saudi Arabia’s Sela to launch a major entertainment and live…

General Dagvin Anderson of the United States Air Force (USAF) has outlined a bleak viewpoint on the state of security across Africa. General Dagvin Anderson highlighted worsening security in Africa due to growing terrorist networks and bad actors. Africa’s strategic significance was emphasized, both as a global commerce hub and a key supplier of critical…

Australian mining company Midas Minerals has reported another round of high-grade copper and silver drill results from its Otavi Copper Project in Namibia, strengthening investor expectations that the southern African country could be home to one of the region’s more significant undeveloped copper discoveries. Australian miner Midas Minerals has announced another round of high-grade copper…

A newly confirmed rare earth elements (REEs) discovery in Mkiu Village, Ludewa District, Njombe Region, Tanzania, is adding fresh momentum to Africa’s bid to become a critical supplier of strategic minerals key to the global clean-energy transition. A significant rare earth elements (REEs) discovery in Mkiu Village, Tanzania, could make the country a major player…

Africa’s worsening electricity shortages and rising energy costs are driving a massive surge in demand for Chinese solar equipment, strengthening Beijing’s grip on one of the world’s fastest-growing renewable energy markets. China’s solar exports to Africa jumped 83% in April as countries accelerated efforts to tackle electricity shortages and rising energy costs. South Africa and…

The Nigerian billionaire, Abdulsamad Rabiu, is quickly approaching a historic financial milestone, as Nigeria’s second-richest man and Africa’s second-richest individual currently has a net worth of $19.7 billion, according to the Bloomberg Billionaires Index. Abdulsamad Rabiu, Nigeria’s second-richest man, now holds a net worth of $19.7 billion according to Bloomberg. Rabiu’s fortune has increased by…

China has unveiled its first stealth fighter built specifically for export, a development that could widen fifth-generation fighter jet options for African countries beyond America’s Lockheed Martin F-35 Lightning II and Russia’s Sukhoi Su-57. China has unveiled the J-35AE, its first export-oriented stealth fighter, aiming to rival the US F-35 and Russian Su-57 in global…

The growing wave of military coups across West Africa may no longer be something the Economic Community of West African States (ECOWAS) can easily stop, according to one of the bloc’s top security officials, who says global power shifts have dramatically weakened the regional body’s influence. ECOWAS says shifting global power dynamics are making it…

South Sudan has been barred by a London court from entering into new oil-backed prepayment deals until it settles outstanding obligations to commodities trading house BB Energy. A London court has barred South Sudan from entering new oil-backed prepayment deals until it settles debts owed to BB Energy. The legal dispute centers on South Sudan’s…

Togo has joined a growing group of African nations opening their borders to unrestricted continental travel, becoming the sixth African country to grant visa-free entry to all holders of African passports in a major push toward regional integration and freer movement across the continent. Togo has become the sixth African country to allow visa-free entry…

Fifteen years ago, William Tewiah was building a fuel supply business focused largely on servicing mining firms in Ghana’s Western Region. Today, he sits atop the Ghana Stock Exchange as the owner of the largest individual equity stake ever recorded on the country’s public market. William Tewiah has become the largest individual shareholder in Ghana…

Anglo American, the mining group founded by South African billionaire Ernest Oppenheimer, said on Monday it would sell its Australian steelmaking coal business for up to $3.88 billion as the company deepens a sweeping overhaul aimed at focusing on copper and iron ore. This sale is part of a broader restructuring strategy focusing on copper…

The Ghana Police Service has launched a major new initiative to improve its intelligence-led policing capabilities through a specialized training program run in collaboration with the United States’ Federal Bureau of Investigation (FBI). The Ghana Police Service has started a new intelligence-led policing initiative in partnership with the FBI. FBI instructors are currently training Ghanaian…

Germany has overtaken the United States as South Africa’s second-largest bilateral trade partner following the implementation of tariffs introduced under US President Donald Trump, according to new data from the South African Reserve Bank. Germany has overtaken the US as South Africa’s second-largest bilateral trade partner after new American tariffs disrupted export flows. South Africa’s…

Yoweri Museveni has thrown his support behind a proposed East African regional refinery project following talks with Aliko Dangote, signaling growing momentum for deeper energy cooperation and industrial integration across the region. Ugandan President Yoweri Museveni backed a proposed East African regional oil refinery after meeting with Nigerian billionaire Aliko Dangote. Museveni emphasized adding value…

Ghana has retained its position as Africa’s fourth-largest debtor to the International Monetary Fund, with its obligations to the lender rising to 2.72 billion Special Drawing Rights, equivalent to about $3.74 billion at current IMF exchange rates. Ghana has retained its position as Africa’s fourth-largest debtor to the IMF, with its obligations rising to about…

Nigeria’s President, Bola Ahmed Tinubu, has said the country is on track to attract nearly $20 billion in foreign direct investment (FDI) in 2026, as Africa’s largest economy seeks to position itself as a manufacturing and energy hub following a series of economic reforms. Nigeria says it is on track to attract nearly $20 billion…

High fuel prices remain one of the most economically disruptive issues confronting many African countries today. Global fuel prices edged higher month-on-month, rising from an average of $1.48 to $1.51 per liter worldwide. Malawi and Zimbabwe saw a decline in fuel prices, contrasting with the broader upward trend in global fuel costs. Rwanda, the Central…

Dangote Petroleum Refinery has filed a fresh lawsuit against the Federal Government of Nigeria and the country’s downstream regulator in a renewed effort to challenge fuel import licences issued to marketers and the state-owned Nigerian National Petroleum Company. Dangote Petroleum Refinery has filed a new lawsuit against the Nigerian government and regulators, challenging the issuance…

Uganda has granted an operating licence to Starlink, the satellite internet company owned by Elon Musk, marking the company’s entry into another East African market after months of regulatory uncertainty. Uganda has granted Starlink an operating licence, allowing the company to begin providing satellite internet services in the country. The licence was officially signed after…

Zambia seeks to expand its equity in domestic mining assets, reflecting a broader pan-African trend toward the localization of mine ownership. Zambia aims to increase its equity in domestic mining assets as part of a wider trend towards local ownership in Africa. Recent moves include raising equity in Lubambe Copper Mines from 20% to 30%…

World Cup supporters from five African nations have received partial relief after the United States confirmed it will waive a visa deposit requirement for eligible ticket holders travelling to the 2026 FIFA World Cup though strict conditions still apply. The US has waived the visa deposit requirement for World Cup ticket holders from Algeria, Cape…

Indian billionaire Ravi Jaipuria is accelerating his expansion across Africa after opening a $40 million snacks, juice, and dairy manufacturing complex in Zimbabwe, deepening his footprint in one of the continent’s fastest-growing consumer markets. Indian billionaire Ravi Jaipuria is rapidly expanding his investment in Africa, notably with a $40 million snacks, juice, and dairy complex…

Nearly 20 million people in Sudan are facing acute hunger as civil war, collapsing infrastructure and worsening insecurity push the country deeper into one of the world’s gravest humanitarian disasters. Sudan’s worsening civil war has pushed nearly 20 million people into acute hunger, with famine risks rising across Darfur and Kordofan. Aid groups warn that…

Kenya has raised fuel prices for the second straight month, pushing diesel to a record high and worsening pressure on households and businesses already battling rising living costs. Kenya has raised diesel prices to a record Sh242.92 per litre, marking its second major fuel increase in weeks amid global oil supply fears. The sharp rise…

Mining-focused private equity firm Appian Capital Advisory has acquired a major copper project in Namibia. Appian Capital Advisory has acquired a 95% stake in the Omitiomire copper project in Namibia, aiming to start production within three years. The firm plans to invest over $400 million in developing the mine, though the purchase price was not…

A low Climate Index in African cities, as calculated by Numbeo, indicates environments that are frequently less comfortable in terms of temperature, humidity, and vulnerability to harsh weather conditions. A low Climate Index in African cities means frequent discomfort due to harsh temperatures, humidity, or extreme weather, impacting daily life and urban planning. African cities…

Nigerian businessman and philanthropist Tony Elumelu has urged African countries to move past what he described as a “victim mentality” tied to colonial history and instead embrace foreign investment from across the world to drive economic growth. Tony Elumelu has called on African countries to move beyond colonial grievances and embrace foreign investment from all…

African leaders and France used the 2026 Africa Forward Summit in Nairobi to outline a broad economic agenda that stretches far beyond traditional aid and diplomatic ties. African and French leaders have identified seven major sectors expected to drive the next phase of economic cooperation and investment. Key focus areas include renewable energy, artificial intelligence,…

Africa loses an estimated $89 billion annually to illicit financial flows, with experts warning that weak tax systems, profit shifting and opaque financial practices continue to drain resources needed for development across the continent. Africa loses an estimated $89 billion every year to illicit financial flows driven largely by tax evasion, profit shifting and trade…

Nigeria’s stock market extended its strong rally on Monday, with banking and industrial shares helping lift the benchmark index by 2.33% in a high-volume trading session. Nigeria’s stock market extended its record rally on Monday, with the NGX All-Share Index rising 2.33%. Banking and industrial stocks led gains as trading volumes and turnover surged sharply…

Estonian ride-hailing company Bolt has increased ride fares in Kenya by 6 per cent, becoming one of the first major platforms in the country to formally shift part of the rising fuel burden to passengers as pressure mounts on drivers’ earnings. Bolt has increased ride fares in Kenya by 6 per cent following sharp fuel…

Africa’s richest businessman, Aliko Dangote, is leaning towards Kenya for a proposed $15 billion-$17 billion refinery project after technical assessments ranked the country ahead of rival East African locations because of its strategic access to crude supplies, deep-water port infrastructure and regional fuel market reach. Aliko Dangote is leaning towards Kenya for a proposed $15billion-$17billion…

The world’s largest consumer of imported goods, the United States, in the first quarter of 2026, spent $578.78 million on Nigerian crude oil imports. The U.S. spent $578.78 million on Nigerian crude oil imports in Q1 2026, marking a 15.06% drop from the same period in 2025. U.S. imports of Nigerian crude fell from 8.44…

West Africa’s role in global diplomatic engagement has come under renewed scrutiny as political realignments in the Sahel continue to reshape relations between several African states and external partners, including France. Political changes in the Sahel have raised questions about West Africa’s role in international diplomacy. During the ‘Africa Forward’ Summit, President Macron asserted that…

Robust gold production from Mali and Namibia lifted Canadian miner B2Gold Corp. to a $200 million profit surge, with additional support from operations in Canada and the Philippines reinforcing overall output and earnings momentum. B2Gold exceeded production expectations in Q1 2026, producing 237,763 ounces of gold across multiple countries. The company reported strong financials with…

Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into four African countries as renewable energy providers increasingly move to address the continent’s widening electricity deficit. Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. The company plans an investment of about $750 million to…

Mauritius, Africa’s second wealthiest and most peaceful country, has officially launched its highly anticipated $1 million Golden Visa program, aimed at attracting high-net-worth individuals (HNWIs) from around the world. Mauritius has launched a $1 million Golden Visa program to attract high-net-worth individuals globally. Applicants must invest $1 million within 12 months of arrival to be…

Africa-to-Asia emerged as the world’s fastest-growing long-haul private jet corridor in 2025, recording a 42% year-on-year increase in flights, according to data from VistaJet published in Knight Frank’s latest Wealth Report. Africa-to-Asia became the fastest-growing long-haul private jet corridor in 2025, with a 42% year-on-year increase in flights. Growth on Africa-to-Asia routes outpaced other major…

South Africa has secured a Europe-backed $90 million deal to build Africa’s first fully integrated vaccine plant, a project expected to create over 7,000 jobs amid growing hantavirus outbreak fears. South Africa secured a R1.5 billion deal with the European Investment Bank and Biovac to build Africa’s first fully integrated end-to-end vaccine manufacturing plant. The…

The United States and South Africa have begun preliminary discussions on potential co-operation in mining, infrastructure and investment, signalling a possible thaw in relations after months of diplomatic strain. The United States and South Africa have opened preliminary talks on mining and infrastructure partnerships after months of diplomatic tensions. The discussions centre on critical minerals,…

A major contractor at Loulo-Gounkoto gold complex, Mali’s largest gold mining operation, is shutting down its activities in the country and laying off more than 600 workers, in the latest sign of mounting pressure surrounding one of Africa’s biggest gold assets. Gounkoto Mining Services, a major contractor at Mali’s largest gold mine, is shutting down…

African airlines are bracing for higher costs after the Lufthansa Group warned that disruptions around the Strait of Hormuz could add about $2 billion to its fuel bill this year, highlighting growing pressure on carriers as Middle East tensions tighten global jet fuel supplies. The escalating Middle East conflict is increasing global kerosene prices and…

The Dangote group, in its quest to explore options for raising capital to expand its conglomerate, is now looking at the prospect of more dollar bond sales. Dangote Group is considering issuing more dollar bonds to finance its expansion projects. Their fertilizer arm recently raised $750 million through a private bond sale, marking its first…

The Government of Ghana has formally petitioned the African Union to intervene regarding the xenophobic attacks targeting foreign African migrants within South Africa. The Ghanaian government has petitioned the African Union to intervene against xenophobic attacks on African migrants in South Africa. Ghana expressed particular concern for attacks on its citizens and urged AU action…

Zimbabwe said it was returning several foreign-owned farms that were seized during a violent land grab more than 25 years ago and paying compensation of $146 million. Zimbabwe is returning several foreign-owned farms seized over 25 years ago and compensating with $146 million. The transfer affects 67 properties linked to owners from Denmark, Germany, the…

The ECOWAS Parliament’s ongoing First Ordinary Session of 2026 in Abuja has placed renewed focus on the future of regional integration, with Nigerian lawmaker Dr Sulaiman Gumi arguing that it remains in the interest of Mali, Burkina Faso and Niger to return to the ECOWAS fold. ECOWAS lawmakers are pushing for renewed engagement with Mali,…

Egyptian billionaire Naguib Sawiris and Franco-Tunisian media executive Tarak Ben Ammar have sold Prima TV’s digital terrestrial multiplex to Syes for about €2.5 million, marking another step in Sawiris’ gradual exit from legacy media investments. Egyptian billionaire Naguib Sawiris and Tarak Ben Ammar sold Prima TV’s digital terrestrial multiplex to Syes for about €2.5 million.…

A Dutch designed amphibious warship first operationally deployed by a West African navy during a regional anti coup mission is now emerging as a key platform in future U.S. and Australian military strategy, highlighting Africa’s unexpected influence on evolving Indo Pacific defence planning. The Dutch-designed Damen LST 100 amphibious warship, first operationally deployed by the…

Kenya is set to enter Africa’s oil-producing club for the first time, with commercial production expected to begin before the end of the year from the South Lokichar fields in Turkana, even as the country continues to explore long-term refining options to support future output growth. Kenya will start commercial oil production from the South…

Trafigura is among three companies competing for a 36.36% stake in the Natref refinery, owned by Sasol, according to sources familiar with the matter. Trafigura is one of three companies bidding for a 36.36% stake in South Africa’s Natref refinery. The refinery stake became available after Prax Group, which acquired it from TotalEnergies, entered administration…

Nigerian lawmakers have called for firm diplomatic and economic measures against South Africa following a fresh wave of xenophobic violence that has reportedly claimed the lives of Nigerian citizens. Nigerian Lawmakers have demanded strong diplomatic and economic measures against South Africa over renewed xenophobic violence. Lawmakers instructed Nigeria’s Foreign Affairs Ministry to press South African…

Kemet, a New York-based crypto infrastructure startup founded by an Egyptian entrepreneur, has partnered with Coinbase to expand institutional access to crypto derivatives, deepening the US firm’s push into one of the fastest-growing segments of digital assets. Coinbase has partnered Kemet to give institutions unified access to multiple trading venues, including Deribit. The company also…

Foreign-trained doctors from Africa and other regions are among the key beneficiaries of a quiet policy reversal by the United States, as the Trump administration moves to exempt physicians from a broader immigration processing freeze tied to its expanded travel restrictions. The U.S. quietly reversed a policy to exempt foreign-trained doctors from a broad immigration…

Africa’s response to recent global fuel disruptions is increasingly being shaped by a single industrial asset in Nigeria, as Aliko Dangote’s $20 billion Dangote Petroleum Refinery, built with support from India and China, begins to reduce the continent’s reliance on imported fuel and challenge Europe and US refining dominance. The Dangote Petroleum Refinery in Nigeria…

The Nigerian national oil company has signed a new agreement with Chinese firms in a renewed attempt to revive and expand two of its long-struggling refineries, marking another chapter in the country’s decades-long effort to restore domestic refining capacity. Nigerian National Petroleum Company has signed a new agreement with Chinese firms to revive and expand…

As access to refined fuel continues to be hampered by the Iranian war, one of Africa’s largest economies, Kenya, has temporarily modified its fuel quality criteria. Kenya has temporarily relaxed its fuel sulfur limits due to supply disruptions caused by instability in the Middle East. The Ministry of Investments, Trade, and Industry authorized a six-month…

Taiwanese President Lai Ching-te arrived in Eswatini on Saturday, commencing a rescheduled visit to the southern African kingdom following prior delays. Taiwanese President Lai Ching-te arrived in Eswatini, highlighting the country’s importance as Taiwan’s only African diplomatic ally. The visit was initially delayed after three Indian Ocean nations denied overflight, a move Taiwan attributes to…

All but one of Africa’s 54 countries are now covered under China’s zero-tariff policy, following the addition of 20 more nations on May 1. The move leaves a single Southern African country, Eswatini as the only exception to Beijing’s sweeping duty-free access across the continent. China’s zero-tariff policy now covers all African countries except Eswatini…

Nigeria’s stock market extended its powerful rally on Wednesday, underscoring renewed investor appetite for equities in Africa’s largest economy as economic reforms continue to reshape sentiment. Nigeria’s stock market rose nearly 4% in a single day, extending a strong 2026 rally. The benchmark index is now up over 50% year-to-date. Banking and industrial stocks are…

South African regulators have moved to deregister the local arm of Moody’s Investors Service, marking a shift in how banks will use credit ratings in one of Africa’s most developed financial markets. Moody’s local unit in South Africa has been deregistered after voluntarily giving up its licence. Banks can still use its ratings for regulatory…

Nigeria could face tighter scrutiny over its security operations after U.S. lawmakers advanced a funding bill that places new conditions on American assistance to the country. U.S. lawmakers have moved forward with a bill that makes American security assistance to Nigeria conditional. The proposed legislation requires Nigeria to meet benchmarks such as responding to violence,…

Trade between Nigeria and Malaysia has reached approximately $1.21bn over the past five years, driven largely by a sharp rise in imports from Southeast Asia, according to the Nigeria Customs Service (NCS). Nigeria and Malaysia recorded approximately $1.21bn in bilateral trade over five years, according to the Nigeria Customs Service. Imports from Malaysia rose significantly,…

Within a global economic landscape increasingly characterized by fragmentation, geopolitical tensions, and shifting trade alliances, maintaining currency stability has emerged as a fundamental pillar of economic resilience for African countries. Currency stability is crucial for economic resilience in African countries amid global fragmentation and geopolitical tensions. Depreciating currencies worsen the impacts of external shocks like…

Ghana has said it is seeking investors to help establish a new national airline, inviting “potential strategic partners” to engage with the government as it moves to revive a flag carrier more than two decades after Ghana Airways’ collapse. Ghana is seeking investors to help establish a new national airline after over 20 years without…

France has urged its nationals in Mali to leave “as soon as possible” following coordinated attacks over the weekend, including incidents in the capital, Bamako, according to an updated travel advisory. France has advised its nationals in Mali to leave the country as soon as possible due to coordinated attacks and a volatile security situation.…

The president of the Democratic Republic of Congo (DRC), Felix Tshisekedi, recently informed his council of ministers that the country must audit its mining joint ventures to ensure that businesses are complying with national regulations, including the repatriation of export proceeds. President Felix Tshisekedi has ordered an audit of the DRC’s mining joint ventures to…

China has formally handed over a newly completed $56.5 million headquarters complex to the Economic Community of West African States (ECOWAS) in Abuja, marking one of Beijing’s most prominent institutional projects in West Africa. China has formally handed over a $56.5 million ECOWAS Headquarters Complex in Abuja, completed in under two years. The project is…

Following a recent announcement from the Democratic Republic of Congo (DRC) about plans to establish a paramilitary unit to defend mining companies, the United States has responded, noting that it currently has no plans to fund the initiative. The Democratic Republic of Congo announced plans to form a paramilitary unit to protect mining companies, in…

Nokia has selected Egypt as its regional support hub for the Middle East and Africa, establishing a centralised operations centre in Cairo to manage customer and network support services across the region. Nokia has established a regional support hub in Cairo to serve the Middle East and Africa. The move targets growing network complexity driven…

Aligning with the positions of Zambia and Zimbabwe in Southern Africa, Ghana has formally declined a proposed healthcare agreement with the United States, citing significant concerns regarding potential data breaches. Ghana may have declined a proposed healthcare agreement with the US, citing concerns over potential data breaches and sensitive health data sharing. This follows similar…

Nigeria’s government has moved to stabilise aviation operations by capping jet fuel prices and allowing airlines to purchase fuel on credit, according to a government document seen by Reuters, as authorities seek to prevent flight disruptions driven by rising costs. The Nigerian government is capping jet fuel prices and allowing airlines to buy on credit…

The Democratic Republic of the Congo (DRC) is taking a dramatic move to protect its massive mineral wealth by announcing plans to build a new paramilitary force to police its mining sector. The Democratic Republic of the Congo plans to create a paramilitary force to police its mining sector, supported by US and UAE funding.…

The government of the Democratic Republic of Congo (DRC) has signed a gold supply agreement with UAE-based Paradigm Holdings, marking a fresh step in efforts to expand the Central African nation’s access to global bullion markets through Dubai. The Democratic Republic of Congo has signed a gold supply agreement with UAE-based Paradigm Holdings to strengthen…

The United States is increasingly turning to Africa to secure the critical minerals needed to power its economy, with countries like Gabon and South Africa emerging as key suppliers. The United States increasingly sources critical minerals from Africa, especially from Gabon and South Africa. Gabon supplies all of the U.S.’s manganese, while South Africa provides…

High inflation, as evidenced by fast-rising Consumer Price Index (CPI) levels, continues to be one of the most serious economic difficulties confronting various African countries. High inflation, shown by rapidly rising CPI, remains a serious economic challenge for several African nations. Persistent inflation leads to widespread price instability, reducing consumer purchasing power and straining government…

The Democratic Republic of the Congo and Zambia are strengthening Africa’s position on the global copper map, as rising demand for the metal reshapes the minerals economy. The DRC and Zambia are strengthening Africa’s role in global copper production amid growing demand. The DRC is now among the top four countries for copper reserves, expanding…

The United States has renewed and expanded a key export financing scheme to strengthen agricultural trade with Nigeria, as bilateral commerce between the two countries continues to grow. The United States has reinstated a key export credit programme to boost agricultural trade with Nigeria. Bilateral trade between the two countries reached $15 billion in 2025,…

The HelloSafe Prosperity Index 2026 ranks Africa’s most prosperous nations, with Seychelles taking a clear lead at 98.09, followed by Mauritius (77.09) and Algeria (54.24). Business Insider Africa presents the richest African countries in 2026. The list is courtesy of HelloSafe Prosperity Index 2026. Seychelles tops the ranking by a wide margin, reflecting its high-income…

South Africa and Nigeria have emerged among the world’s top 10 outsourcing destinations, highlighting Africa’s growing role in the global business services industry as companies increasingly look beyond traditional hubs in Asia and Eastern Europe. South Africa and Nigeria are ranked among the world’s top 10 outsourcing destinations, reflecting Africa’s growing role in global business…

Africa’s richest man, Aliko Dangote, has pledged to support the construction of a new oil refinery in Tanzania. Aliko Dangote has pledged support for building a new oil refinery in Tanzania’s port city of Tanga, aiming to reduce Africa’s reliance on Middle East fuel imports. The refinery will process crude from regional producers and be…

Foreign investors are returning to Nigeria’s stock market after months of caution, driven by improving currency conditions and a broader rally in equities. Foreign investors more than doubled their activity in Nigeria’s stock market in March 2026. Improved foreign exchange conditions and cheaper valuations are drawing global funds back. Local investors still dominate, accounting for…

Globeleq is planning to develop a 250-megawatt solar and battery hybrid power project in Zambia, with completion targeted for 2029. Globeleq plans to build a 250-megawatt solar and battery hybrid power project in Zambia, aiming for completion in 2029. The project includes a 150-megawatt battery system that can provide up to four hours of storage.…

Nigeria’s biggest listed companies have climbed to a record N54.3 trillion in combined market value, or about $40.2 billion, as investors pour money into blue-chip stocks amid hopes of stronger foreign participation and improving economic reforms. Nigeria’s top-tier stocks hit a record N54.3 trillion ($40.2 billion), led by MTN Nigeria, Dangote Cement and major banks.…

Africa is rapidly scaling up solar power, importing record volumes of Chinese panels in 2025 as falling prices and global trade shifts redirect supply toward the continent. Africa imported a record 18.8 GW of Chinese solar panels in 2025. That’s a 48% jump as China redirects supply away from Western markets. Egypt and Algeria led…

In the second week of March, Africa’s second richest man, Johann Rupert, through Remgro, his investment firm, sold 52 million shares (worth a little over $200 million) in one of Africa’s largest listed financial services groups, FirstRand. Johann Rupert’s investment firm, Remgro, sold its remaining shares in FirstRand, divesting a non-core asset worth over $218…

Comments from the president of Kenya, William Ruto, on fuel prices in East Africa may have engendered some friction in the region, as Tanzania recently gave a dramatic response. Kenyan President William Ruto commented that higher fuel prices in Kenya are due to its middle-income economy and extensive road network. Ruto asserted that Kenya’s road…