Several African economies, now including Zambia, which had in previous years encountered considerable economic challenges, have begun the new year with amazing economic gains. Several African economies are demonstrating a trend of economic recovery, with notable improvements in inflation rates. Zambia reported a decrease in the inflation rate to 9.4%, the first single-digit figure in…
Saudi Arabia and Nigeria have signed their first-ever bilateral agreement on the recruitment of general workers, creating a formal labour corridor between one of Africa’s largest economy and the Middle East’s biggest labour market. Saudi Arabia and Nigeria signed a bilateral agreement to establish a regulated labor recruitment partnership. The agreement aims to formalize Nigeria’s…
Mali has detained five senior managers linked to the local operator of the Yanfolila gold mine over alleged breaches of the country’s mining code, underscoring the government’s increasingly hardline approach to the extractive sector. The government of Mali has detained five senior managers from the Yanfolila gold mine’s operator over breaches of the mining code…
Africa, in the last decade, has emerged as one of the fastest-growing tech markets, given its rapid tech and mobile adoption, underpinned by a youth population. Africa has become a rapidly growing hub for technology, driven by high mobile adoption and a youthful population. Significant investments exceeding $180 billion have been made by advanced economies,…
China’s role as a major financier to developing nations has shifted over the past decade, with new loans to poorer countries dropping sharply while debt repayments continue to rise. Between 2014 and recent years, China transitioned from being a net lender to receiving net repayments from poorer countries, totaling $22.1 billion in the past five…
Zimbabwe’s economy is showing signs of potential stabilization, with a significant slowdown in annual inflation, which had been anticipated by the end of 2025. Zimbabwe’s economy is showing signs of stabilization, with inflation rates significantly decreasing. The Zimbabwe Gold (ZiG) currency has supported economic recovery, reflecting increased usage in transactions. Stricter monetary policies and foreign…
The United States has launched an airstrike in Somalia, targeting ISIS, the same terrorist group the U.S launched an offensive on in Nigeria. The United States, under President Donald Trump, has conducted airstrikes targeting ISIS militants in Nigeria and Somalia. On Christmas Day, a targeted attack occurred in northwest Nigeria aimed at Islamic State members…
Mali has moved to tighten its grip on the mining supply chain by taking a 51% controlling stake in a new industrial explosives company partnered with China’s Auxin Chemical Technology. Mali has taken a 51% ownership stake in a new explosives company in partnership with China’s Auxin Chemical Technology. The venture aims to establish local…
In a historic leap for the creator economy, Khaby Lame, the Senegal-born social media star whose wordless TikTok videos made him a household name, has transformed viral fame into one of the largest business deals ever seen from an individual content creator. Khaby Lame has secured a $900 million acquisition deal with U.S.-listed Rich Sparkle…
