As the Middle East crisis continues to escalate following coordinated strikes by the United States and Israel on Iran, East Africans have received an unexpected note of reassurance. Iran’s ambassador to Kenya assured that Iran’s missile strikes will not target Africa, emphasizing their range limit of 2,000 km as a sign of peaceful intentions. The…
In global finance, a robust currency serves as a significant indicator, transcending a mere exchange rate figure, particularly within select African countries. A strong currency reflects a nation’s economic health, reliability, and discipline, which is vital for investors and residents. Depreciation of currencies increases the cost of imports, driving inflation and impacting both individuals and…
A South African tech billionaire is expanding into the insurance sector after the country’s competition watchdog recommended approval of a transaction that will give him an interest in King Price. South African tech billionaire Zak Calisto is moving into insurance after regulators backed his planned stake in King Price. The Competition Commission recommended that the…
The United States has lifted sanctions imposed in July 2023 on three senior Malian officials over their links to Russia’s Wagner mercenary group, in a move that signals a diplomatic reset with the military-led governments of the Sahel. The United States has lifted sanctions on three senior Malian officials previously targeted for their links to…
The world’s largest premium aluminium producer, Emirates Global Aluminium, reported stronger core earnings for 2025 after record metal sales offset a major financial hit tied to its Guinea operations. Emirates Global Aluminium (EGA) posted stronger core profits in 2025 despite losing a key bauxite concession in Guinea. Record aluminium sales and higher realised prices drove…
The European Investment Bank Group has delivered one of its strongest years yet on the continent, deploying €3.1 billion to Africa in 2025 as part of a wider €9 billion package channelled through its development arm, EIB Global. The European Investment Bank Group invested €3.1 billion in Africa in 2025, focusing on SMEs, clean energy,…
Africa’s leading online retailer, Jumia, is positioning itself to capitalize on renewed consumer spending in Nigeria, unveiling an ambitious growth campaign to deepen the country’s adoption of digital commerce amid rising competition from global rivals. Jumia is ramping up its growth strategy in Nigeria, betting on a rebound in consumer spending. The company’s new “Just…
The United States has expanded the use of third-country deportations to several African countries, a policy shift that is drawing scrutiny over its financial cost and oversight mechanisms, according to a report by Democrats on the Senate Foreign Relations Committee. African participation varies, with decisions driven by financial, strategic, or diplomatic interests, while U.S.-Africa migration…
Zambia has halted a proposed health funding agreement worth more than $1 billion from the United States, citing concerns that certain clauses in the draft do not fit with the country’s national interests. Zambia has suspended a $1 billion US health funding agreement, citing concerns that certain clauses do not align with its national interests.…
