Estonian ride-hailing company Bolt has increased ride fares in Kenya by 6 per cent, becoming one of the first major platforms in the country to formally shift part of the rising fuel burden to passengers as pressure mounts on drivers’ earnings. Bolt has increased ride fares in Kenya by 6 per cent following sharp fuel…
Africa’s richest businessman, Aliko Dangote, is leaning towards Kenya for a proposed $15 billion-$17 billion refinery project after technical assessments ranked the country ahead of rival East African locations because of its strategic access to crude supplies, deep-water port infrastructure and regional fuel market reach. Aliko Dangote is leaning towards Kenya for a proposed $15billion-$17billion…
The world’s largest consumer of imported goods, the United States, in the first quarter of 2026, spent $578.78 million on Nigerian crude oil imports. The U.S. spent $578.78 million on Nigerian crude oil imports in Q1 2026, marking a 15.06% drop from the same period in 2025. U.S. imports of Nigerian crude fell from 8.44…
West Africa’s role in global diplomatic engagement has come under renewed scrutiny as political realignments in the Sahel continue to reshape relations between several African states and external partners, including France. Political changes in the Sahel have raised questions about West Africa’s role in international diplomacy. During the ‘Africa Forward’ Summit, President Macron asserted that…
Robust gold production from Mali and Namibia lifted Canadian miner B2Gold Corp. to a $200 million profit surge, with additional support from operations in Canada and the Philippines reinforcing overall output and earnings momentum. B2Gold exceeded production expectations in Q1 2026, producing 237,763 ounces of gold across multiple countries. The company reported strong financials with…
Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into four African countries as renewable energy providers increasingly move to address the continent’s widening electricity deficit. Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. The company plans an investment of about $750 million to…
Mauritius, Africa’s second wealthiest and most peaceful country, has officially launched its highly anticipated $1 million Golden Visa program, aimed at attracting high-net-worth individuals (HNWIs) from around the world. Mauritius has launched a $1 million Golden Visa program to attract high-net-worth individuals globally. Applicants must invest $1 million within 12 months of arrival to be…
Africa-to-Asia emerged as the world’s fastest-growing long-haul private jet corridor in 2025, recording a 42% year-on-year increase in flights, according to data from VistaJet published in Knight Frank’s latest Wealth Report. Africa-to-Asia became the fastest-growing long-haul private jet corridor in 2025, with a 42% year-on-year increase in flights. Growth on Africa-to-Asia routes outpaced other major…
South Africa has secured a Europe-backed $90 million deal to build Africa’s first fully integrated vaccine plant, a project expected to create over 7,000 jobs amid growing hantavirus outbreak fears. South Africa secured a R1.5 billion deal with the European Investment Bank and Biovac to build Africa’s first fully integrated end-to-end vaccine manufacturing plant. The…
