Ten African fintech companies have been named among the world’s top 300 Fintechs in 2025 by CNBC and Statista highlighting the continent’s growing influence in global financial innovation, despite a decline in global investment. Ten African fintech companies are recognized among the world’s top 300 fintechs in 2025 Highlighted categories include digital payments, assets, banking,…
Despite the devastating impact of ongoing conflict, Sudan’s gold production has surged to a record high of 64 tonnes, a remarkable 53% increase from 41.8 tonnes in 2022. Sudan’s gold production reached a record high of 64 tonnes in 2023, a significant 53% increase compared to 2022. The growth generated $1.57 billion in legal export…
In a decisive move to combat terror financing and weaken the financial power of militant groups, Somalia’s National Committee for Combating Money Laundering and Countering the Financing of Terrorism (AML/CFT) has reported significant progress in disrupting illicit financial flows fueling extremist networks across the country. Somalia has taken significant measures to combat the financial backing…
The $20 billion Dangote Petroleum Refinery in Lagos, Africa’s largest single-train oil refinery, is undergoing a strategic upgrade to expand its production capacity from 650,000 barrels per day (bpd) to 700,000 bpd by the end of 2025. The Dangote Petroleum Refinery in Lagos is expanding production capacity from 650,000 to 700,000 barrels per day by…
US-based KoBold Metals has entered into a new mineral exploration agreement with the Democratic Republic of Congo, deepening its presence in one of the world’s most resource-rich nations. US-based KoBold Metals has reached a tentative agreement for new mineral exploration in the Democratic Republic of Congo. The deal includes rights to explore the Manono lithium…
Visiting the United States is about to become significantly more expensive for African travellers, following a new policy that introduces a hefty $250 “visa integrity fee” for most nonimmigrant visa applicants. The United States introduces a $250 ‘visa integrity fee’ for nonimmigrant visa applicants from African nations, significantly increasing visa costs. The fee, enacted under…
#FeaturedPost As the second half of 2025 begins, Nigeria finds itself at a critical economic crossroads. With mixed signals emerging from both global and local environments, policymakers, business leaders, and financial institutions must prepare for a delicate balancing act. From shifting geopolitical dynamics to domestic fiscal pressures, the outlook for H2 2025 is characterized by…
A new Consul General of the United States Mission has arrived in Nigeria, ushering in a renewed phase of U.S.-Nigeria relations, and bringing fresh perspectives to the bilateral relationship, amid mutual complexities. Rick Swart has been appointed as the new U.S. Consul General to Nigeria, taking over the post on July 16. He brings over…
Meta, the parent company of WhatsApp, Facebook, and Instagram, has agreed to comply with a South African court order requiring the disclosure of user data related to the circulation of explicit content involving schoolchildren. Meta has agreed to comply with a South African court order to disclose user data related to the distribution of explicit…
