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…
Libya, Africa’s largest holder of proven oil reserves, has secured a $20 billion investment from US and French energy giants in a landmark 25-year agreement aimed at reviving its oil sector and potentially positioning the country as Africa’s top oil producer. Libya has signed a 25-year landmark oil investment deal worth $20 billion with US…
Kenya’s East African Portland Cement (EAPC) is set for a transformative expansion after its majority shareholder committed $200 million (Sh25.8 billion) to modernise and scale up operations. Kenya’s East African Portland Cement (EAPC) plans a major expansion backed by a $200 million investment This funding aims to increase annual cement production from 1.3 million to…
Oranto Petroleum, founded by Nigerian multi-millionaire Arthur Eze, has challenged claims by the Senegalese government that it failed to meet obligations on the Cayar and St Louis offshore exploration licences, calling the narrative “unfair, unjustified and targeted.” Oranto Petroleum, a Nigerian oil and gas company, disputes Senegalese government claims regarding unmet obligations on offshore exploration…
Nigeria has awarded its first-ever floating solar power project to China Civil Engineering Construction Corporation (CCECC), marking a major step in the country’s renewable energy transition. Nigeria has launched its first floating solar power project, a 7-megawatt facility, through an award given to the China Civil Engineering Construction Corporation (CCECC). The solar installation will provide…
