The Central African Republic (CAR) has embraced opaque cryptocurrency initiatives that may expose state assets to foreign criminal networks. The Central African Republic (CAR) adopted Bitcoin as legal tender in 2022, becoming the first African nation to take this step. President Faustin-Archange Touadéra supports cryptocurrencies, claiming they will fund infrastructure and development projects. The GI-TOC…
Through a combination of nuclear agreements, cultural exchanges, economic partnerships, and military cooperation, Russia is increasing its presence in Africa as the continent continues to chart its path toward greater economic self-reliance. Russia is deepening its presence in Africa through nuclear agreements, cultural exchanges, commercial partnerships, and military cooperation. Sergey Vershinin expressed Russia’s goal to…
Burkina Faso has released 11 Nigerian Air Force (NAF) pilots and crew members nine days after their detention, following high-level diplomatic intervention by the Nigerian government, easing tensions that had threatened to escalate into a wider diplomatic dispute between the two West African neighbours. Burkina Faso released 11 Nigerian pilots and crew after a diplomatic…
Dr. Awele Vivien Elumelu, a soft-spoken, low-profile business executive and investor, has been appointed chair of the board of Transcorp Hotels Plc, one of Africa’s most prominent hospitality companies. Dr. Awele Vivien Elumelu has been appointed chair of the board of Transcorp Hotels Plc from January 1, 2026. Transcorp Hotels Plc is a prominent Nigerian…
As African cities continue to develop rapidly, housing affordability has emerged as one of the most pressing concerns affecting urban life across the continent. African cities are witnessing rapid urban development, impacting housing affordability. The Price-to-Rent Ratio (P/R Ratio) is a key metric to compare the financial prudence of renting versus purchasing properties. A low…
South Africa has barred seven Kenyan nationals from entering the country for five years following their involvement in operations at a U.S.-run facility for Afrikaner refugees. South Africa has barred Kenyan nationals from entering for five years after arrests involving illegal work at a refugee application center. The deportations occurred following intelligence reports that identified…
Africa’s fuel market evolved dramatically in 2025, owing to refinery expansions, price volatility, export milestones, and changing supply tactics in many important oil-producing countries on the continent. Nigeria’s Dangote Petroleum Refinery played a pivotal role in Africa’s fuel market developments in 2025. Africa’s fuel affordability varied widely, influenced by local refineries, government policies, and global…
Diageo, the world’s largest spirits maker, has agreed to sell its stake in East African Breweries Ltd. to Japan’s Asahi Group Holdings Ltd. for $2.3 billion. Diageo is selling its 65% stake in East African Breweries Ltd. to Japan’s Asahi Group Holdings Ltd. for $2.3 billion. The sale includes shares in East African Breweries and…
The United States has expanded its travel restrictions to include several countries, targeting states aligned with the Alliance of Sahel States (AES) alongside Nigeria and other African nations. President Trump outlined new U.S. entry restrictions targeting several countries, including African nations and Syria The restrictions aim to enhance national security by improving vetting, information-sharing, and…
