Venezuela holds the largest proven crude oil reserves in the world, a staggering 303.221 billion barrels, according to the 2025 OPEC Annual Statistical Bulletin, far exceeding any individual African nation’s oil wealth. Venezuela holds the largest proven crude oil reserves globally at 303.221 billion barrels, surpassing African nations combined. The Orinoco Belt is central to Venezuela’s…
High rent levels have a significant impact on major African cities that serve as commercial hubs, such as Lagos, Nairobi, Johannesburg, Cairo, and Accra, particularly at the beginning of a new year. High rental costs significantly impact African commercial hubs like Lagos, Nairobi, and Johannesburg, influencing both individual and business economic stability. Rising rents force…
The Egyptian gold market achieved a record performance in the last fiscal year, mirroring the broader trends in the global gold market that prevailed during that period. Egypt’s gold market reached unprecedented milestones in the past fiscal year, reflecting global gold trends. In 2025, the Central Bank of Egypt reported a 71% annual increase in…
Nestlé’s recall of certain batches of infant nutrition products has expanded beyond Europe to Africa, the Americas and Asia, including Brazil, China and South Africa. Nestlé has expanded its recall of certain infant nutrition products internationally, impacting regions such as Africa, the Americas, and Asia. The recall involves products such as SMA, BEBA, NAN, and…
Nigeria, a key electricity supplier to other West African nations, recently disclosed the substantial outstanding electricity debt accumulated by these countries. Nigeria is a prominent electricity supplier for various West African countries. As of Q3 2025, Togo, Niger, and Benin collectively owed Nigeria $17.8 million in outstanding electricity debts. These nations settled $7.125 million out…
African and global investors are recalibrating their strategies after Saudi Arabia announced it will open its stock market to all categories of foreign investors from February 1, a landmark reform that lifted sentiment across Gulf equities and underscored the kingdom’s push to deepen capital market participation. Saudi Arabia has announced it will open its stock…
The United States under President Donald Trump has ordered federal agencies to begin withdrawing from a range of international organisations, a move that will directly affect several United Nations bodies dedicated to Africa’s development, diplomacy and global advocacy. The U.S. government has initiated a directive to withdraw from several international organizations, including key United Nations…
Africa’s hydrocarbon landscape continues to shape global energy markets, but the story beneath the surface is more complex than daily crude oil production figures alone. Africa’s energy sector is significantly influenced by its hydrocarbon reserves and output capabilities. Libya holds the largest proven oil reserves in Africa, being a strategic player on the continent’s energy…
Burkina Faso recently revealed that it has thwarted another coup aimed at the junta leader, Ibrahim Traoré. Burkina Faso recently thwarted a coup attempt aimed at junta leader Ibrahim Traoré. The coup was orchestrated by Paul-Henri Sandaogo Damiba, the former leader removed by Traoré in 2022. The plot involved detailed strategic plans to assassinate the…
