South African miner Valterra Platinum says it is owed about $100 million in export proceeds by Zimbabwe’s government, highlighting persistent foreign exchange pressures facing mining companies operating in the country. Valterra Platinum says Zimbabwe owes it $100 million under the country’s forex retention policy. The miner is receiving partial payments but warns that the backlog…
Addis Ababa has emerged as the diplomatic hotspot in Africa this month, having hosted three key international leaders in just three weeks. The latest visitor, Israeli President Isaac Herzog, arrived at Bole International Airport this morning and was greeted cordially by Ethiopia’s Minister of Foreign Affairs Gedion Timotheos and State Minister Berhanu Tsegaye. Addis Ababa…
Nigeria’s push towards fuel self-sufficiency has gained fresh momentum after the Dangote Petroleum Refinery signed an offtake agreement with 12 major marketers to distribute up to 65 million litres of petrol daily across the country. Nigeria’s Dangote Petroleum Refinery has signed a landmark offtake agreement with 12 marketers to supply up to 65 million litres…
Mali’s largest fuel retail network, formerly operated by France energy major – TotalEnergies, has changed hands twice within 12 months, moving first to Benin-linked Coli Energy in January 2025 and then back to Malian-owned NDC Energie in January 2026 Mali’s largest fuel retail network changed ownership twice between January 2025 and January 2026. TotalEnergies exited…
Ghana’s Ministry of Foreign Affairs has announced the closure of its premium passport application centres in Accra and Kumasi, effective February 20, 2026. Ghana’s Ministry of Foreign Affairs will close premium passport application centres in Accra and Kumasi from February 20, 2026. These centres provided expedited processing for a fee but will no longer operate,…
Michael J. Prest has landed a significant courtroom win in Zambia after the High Court of Zambia threw out two attempts by the Bank of Zambia to shut down his challenge over the collapse of Investrust Bank Plc. Michael J. Prest has secured a major victory in the High Court of Zambia after judges rejected…
Nigeria forfeited between roughly $2.3bn and $3.3bn to post-harvest losses in 2025, underscoring deep structural weaknesses in the country’s agricultural logistics and storage systems, according to industry estimates. Nigeria lost between $2.3 billion and $3.3 billion to post-harvest inefficiencies in 2025. Industry leaders say up to 40 million metric tonnes of food were wasted. Poor…
Innoson Group is quietly becoming one of Nigeria’s biggest industrial employers. The company’s CEO, Innocent Chukwuma, says 8,000 people now work directly for the automaker, and a new factory under construction will add another 2,000 jobs. Nigerian automaker Innoson Group says its workforce has grown to 8,000 employees. CEO Innocent Chukwuma plans to hire another…
The South African Revenue Service has intensified pressure on South African businessman Siviwe Mpengesi, warning that it may seize assets worth about $3.3 million in an escalating tax dispute. South Africa’s tax authority has escalated its pursuit of businessman Siviwe Mpengesi, warning it may seize assets worth $3.3 million. The dispute stems from allegedly unfiled…
