South Sudan has been barred by a London court from entering into new oil-backed prepayment deals until it settles outstanding obligations to commodities trading house BB Energy. A London court has barred South Sudan from entering new oil-backed prepayment deals until it settles debts owed to BB Energy. The legal dispute centers on South Sudan’s…
Togo has joined a growing group of African nations opening their borders to unrestricted continental travel, becoming the sixth African country to grant visa-free entry to all holders of African passports in a major push toward regional integration and freer movement across the continent. Togo has become the sixth African country to allow visa-free entry…
Fifteen years ago, William Tewiah was building a fuel supply business focused largely on servicing mining firms in Ghana’s Western Region. Today, he sits atop the Ghana Stock Exchange as the owner of the largest individual equity stake ever recorded on the country’s public market. William Tewiah has become the largest individual shareholder in Ghana…
Anglo American, the mining group founded by South African billionaire Ernest Oppenheimer, said on Monday it would sell its Australian steelmaking coal business for up to $3.88 billion as the company deepens a sweeping overhaul aimed at focusing on copper and iron ore. This sale is part of a broader restructuring strategy focusing on copper…
The Ghana Police Service has launched a major new initiative to improve its intelligence-led policing capabilities through a specialized training program run in collaboration with the United States’ Federal Bureau of Investigation (FBI). The Ghana Police Service has started a new intelligence-led policing initiative in partnership with the FBI. FBI instructors are currently training Ghanaian…
Germany has overtaken the United States as South Africa’s second-largest bilateral trade partner following the implementation of tariffs introduced under US President Donald Trump, according to new data from the South African Reserve Bank. Germany has overtaken the US as South Africa’s second-largest bilateral trade partner after new American tariffs disrupted export flows. South Africa’s…
Yoweri Museveni has thrown his support behind a proposed East African regional refinery project following talks with Aliko Dangote, signaling growing momentum for deeper energy cooperation and industrial integration across the region. Ugandan President Yoweri Museveni backed a proposed East African regional oil refinery after meeting with Nigerian billionaire Aliko Dangote. Museveni emphasized adding value…
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…
