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…
