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…
