The Democratic Republic of the Congo (DRC) is facing mounting criticism from environmentalists, human rights groups, and global climate advocates following its decision to open 124 million hectares of land and inland waters to oil and gas exploration. The DRC announced the opening of 124 million hectares for oil and gas exploration to enhance its…
Rwanda and the Democratic Republic of the Congo (DRC) have formally commenced implementation of their U.S.-brokered peace agreement with the inaugural session of the Joint Oversight Committee held on July 31, 2025. Rwanda and the DRC held the first session of their Joint Oversight Committee under a U.S.-brokered peace deal. This marks a significant step…
Dangote Cement Plc has announced plans to commission its 3 million metric tonnes per annum (Mta) grinding plant in Côte d’Ivoire. Dangote Cement Plc plans to open a 3Mta grinding plant in Côte d’Ivoire by Q3 2025 to enhance its regional presence. The company recorded an 18.2% growth in export volumes from Nigeria, with notable…
The military-led governments of Mali, Niger, and Burkina Faso plan to allocate a portion of their national revenues to a newly established investment bank. Mali, Niger, and Burkina Faso plan to establish an investment bank funded by a portion of national revenues. They aim to reduce reliance on foreign donors and focus on self-directed development…
A weak currency can significantly deter economic stability and growth prospects in African countries as the world becomes more of a global village. Business Insider Africa presents the top 10 African countries with the weakest currencies in July 2025. This list is courtesy of the Forbes currency calculator. São Tomé & Príncipe ranks number 1…
FC Barcelona has announced a four-year strategic sponsorship agreement with the government of the Democratic Republic of the Congo (DR Congo), becoming the third elite European football club, after AC Milan and AS Monaco, to formalize a partnership with the Central African nation. FC Barcelona signed a four-year partnership deal with the Democratic Republic of…
Following accusations of the Aliko Dangote preference for foreign partnerships, Africa’s richest man recently announced that Nigerians would soon be able to own shares in the Dangote Refinery. Aliko Dangote announced plans to list the Dangote Refinery on the stock exchange to enable Nigerians to become shareholders. Speaking at a conference in Abuja, he emphasized…
Somaliland, which declared independence from Somalia in 1991, is offering the United States a military base near the mouth of the Red Sea and access to critical minerals as part of its bid for international recognition. Somaliland declared independence from Somalia in 1991 and seeks U.S. recognition offering strategic cooperation. Somaliland’s president is negotiating with…
Tanzania’s decision to bar foreign nationals from owning and operating a wide range of small-scale businesses is stirring diplomatic unease and threatening to trigger a trade standoff with neighbouring Kenya. Tanzania has imposed new regulations forbidding foreign nationals from engaging in specific small-scale businesses. Kenya has criticized the move, citing potential violations of East African…
