Ghana has retained its position as Africa’s fourth-largest debtor to the International Monetary Fund, with its obligations to the lender rising to 2.72 billion Special Drawing Rights, equivalent to about $3.74 billion at current IMF exchange rates. Ghana has retained its position as Africa’s fourth-largest debtor to the IMF, with its obligations rising to about…
Nigeria’s President, Bola Ahmed Tinubu, has said the country is on track to attract nearly $20 billion in foreign direct investment (FDI) in 2026, as Africa’s largest economy seeks to position itself as a manufacturing and energy hub following a series of economic reforms. Nigeria says it is on track to attract nearly $20 billion…
High fuel prices remain one of the most economically disruptive issues confronting many African countries today. Global fuel prices edged higher month-on-month, rising from an average of $1.48 to $1.51 per liter worldwide. Malawi and Zimbabwe saw a decline in fuel prices, contrasting with the broader upward trend in global fuel costs. Rwanda, the Central…
Dangote Petroleum Refinery has filed a fresh lawsuit against the Federal Government of Nigeria and the country’s downstream regulator in a renewed effort to challenge fuel import licences issued to marketers and the state-owned Nigerian National Petroleum Company. Dangote Petroleum Refinery has filed a new lawsuit against the Nigerian government and regulators, challenging the issuance…
Uganda has granted an operating licence to Starlink, the satellite internet company owned by Elon Musk, marking the company’s entry into another East African market after months of regulatory uncertainty. Uganda has granted Starlink an operating licence, allowing the company to begin providing satellite internet services in the country. The licence was officially signed after…
Zambia seeks to expand its equity in domestic mining assets, reflecting a broader pan-African trend toward the localization of mine ownership. Zambia aims to increase its equity in domestic mining assets as part of a wider trend towards local ownership in Africa. Recent moves include raising equity in Lubambe Copper Mines from 20% to 30%…
World Cup supporters from five African nations have received partial relief after the United States confirmed it will waive a visa deposit requirement for eligible ticket holders travelling to the 2026 FIFA World Cup though strict conditions still apply. The US has waived the visa deposit requirement for World Cup ticket holders from Algeria, Cape…
Indian billionaire Ravi Jaipuria is accelerating his expansion across Africa after opening a $40 million snacks, juice, and dairy manufacturing complex in Zimbabwe, deepening his footprint in one of the continent’s fastest-growing consumer markets. Indian billionaire Ravi Jaipuria is rapidly expanding his investment in Africa, notably with a $40 million snacks, juice, and dairy complex…
Nearly 20 million people in Sudan are facing acute hunger as civil war, collapsing infrastructure and worsening insecurity push the country deeper into one of the world’s gravest humanitarian disasters. Sudan’s worsening civil war has pushed nearly 20 million people into acute hunger, with famine risks rising across Darfur and Kordofan. Aid groups warn that…
