Uganda National Oil Company (UNOC) has agreed to borrow up to $2 billion from a subsidiary of global commodities trading giant Vitol, marking one of the country’s largest energy-sector financing deals as it accelerates investment in domestic petroleum infrastructure. Uganda National Oil Company (UNOC) has secured a $2 billion loan from Vitol Bahrain E.C. to…
Across Africa, leadership is becoming a shared journey. Women are rising alongside men, driving influence across business, technology, culture, and philanthropy. Together, power couples are building legacies that extend far beyond individual success. Women across Africa are increasingly stepping into leadership roles, shaping the continent’s business, cultural, and philanthropic landscapes. Strive and Tsitsi Masiyiwa have…
A South African court has rejected a 54 billion-rand ($3.2 billion) settlement between the country’s energy regulator and power utility Eskom over a tariff-calculation error. The South African High Court rejected a R54 billion ($3.2 billion) settlement regarding an electricity tariff miscalculation involving Eskom. The court criticised the lack of transparency in the tariff adjustment…
South Africa’s plan to restructure its state-owned power utility, Eskom Holdings SOC Ltd., by splitting it into three subsidiaries is facing pushback from creditors and foreign funders. South Africa plans to restructure Eskom Holdings SOC Ltd. into a single holding company with distinct subsidiaries for distribution, generation, renewable energy, and transmission. This updated strategy diverges…
South African billionaire and media tycoon Koos Bekker has sold shares in Naspers and its European-listed arm, Prosus, worth roughly $136 million, according to regulatory filings released this week. South African billionaire Koos Bekker has sold Naspers and Prosus shares worth about $136 million. The sales were executed over three trading days in mid-December 2025,…
Pakistan has struck a military equipment deal worth more than $4 billion with Libya’s eastern-based Libyan National Army (LNA). Pakistan has signed a $4 billion military equipment deal with Libya’s eastern-based Libyan National Army (LNA). This includes the sale of JF-17 fighter jets and Super Mushak trainer aircraft, among other equipment. The agreement occurs amidst…
Central African Republic President Faustin-Archange Touadera is seeking a controversial third term this Sunday, December 28, capping a decade in office defined by an assertive security strategy, close ties with Russia, and bold experiments with cryptocurrency. President Faustin-Archange Touadera is seeking a controversial third term after changing the constitution to remove term limits. His decade…
In 2025, the International Monetary Fund (IMF) remained one of the most prominent external actors determining African economic policy. The IMF played a crucial role in shaping African economic policies in 2025. Some African countries reduced reliance on IMF loans, while others struggled with heavy debt burdens. High IMF debts often led to fiscal constraints…
The Trump administration has begun recalling U.S. ambassadors from Nigeria, Uganda and 13 other African countries, marking one of the most sweeping diplomatic shake-ups since President Donald Trump returned to office. The Trump administration is recalling U.S. ambassadors from 15 African countries, including Nigeria and Uganda Career diplomats, rather than political appointees, are notably being…
