The East African country of Ethiopia garnered $4.32 billion in foreign direct investment (FDI) for the fiscal year 2025/26, indicating that increased investor confidence continues to execute broad economic reforms. Ethiopia attracted $4.32 billion in foreign direct investment (FDI) for the fiscal year 2025/26, an 8% increase over the previous year. The investment figure may…
Economists are warning of severe macroeconomic blowback, noting that a mass departure of foreign nationals from South Africa risks crippling key labor markets and the local business ecosystems that protesters claim they want to protect. Economists warn that mass departures of foreign nationals from South Africa could cripple key labor markets and business ecosystems. Intense…
JSE-listed Optasia posted 50–60% revenue growth for the first half of 2026, driven by expansion outside Nigeria, even as the company’s oldest African market grapples with an unresolved regulatory dispute over airtime credit. Optasia reported 50–60% revenue growth for H1 2026, mainly due to expansion outside of Nigeria. Adjusted EBITDA improved by 40–50%, and the…
Russia has offered to help Mozambique combat the Islamist insurgency in Cabo Delgado, positioning itself around one of Africa’s most strategically important energy regions as the country races to revive tens of billions of dollars in liquefied natural gas (LNG) investments. Russia has offered to help Mozambique fight the Islamist insurgency in Cabo Delgado, a…
Anti-immigration demonstrations in South Africa escalated sharply on Thursday as organized groups conducted door-to-door evictions in Johannesburg, forcibly removing foreign nationals from their homes. Anti-immigration protests in South Africa have intensified, with groups forcibly evicting foreign nationals from their homes in Johannesburg. West African countries have ramped up evacuation and repatriation missions, with Ghana and…
The US-based helicopter manufacturer, MD Helicopters, recently announced the shipment of its MD-530F model to Zimbabwe. MD Helicopters has delivered its first MD-530F helicopter to an operator in Zimbabwe. The helicopter was shipped to a wildlife conservation organization after approval from the company’s Arizona facility. MD Helicopters provides turnkey delivery services including logistics and aircraft…
Soldiers under the Russian paramilitary Africa Corps in Mali suffered an attack in the northern part of the West African country, according to three security sources and a spokesperson for the armed group. Fighters with Russia’s Africa Corps suffered an attack in northern Mali, targeting a convoy of over 200 Russians and 100 Malian soldiers.…
Travel between Nigeria and the United States is entering a new phase after both countries announced separate changes to their visa systems, altering how visas are issued and processed for travellers. The U.S. has shortened most non-immigrant visa validity for Nigerians to single-entry, three-month visas, affecting new applications only. Existing U.S. visas issued to Nigerians…
The Dangote Group appears set to influence Nigeria’s downstream petroleum industry with a free petrol delivery scheme, providing bulk purchasers direct access to gasoline for ₦1,075 per litre in chosen states. Dangote Group is launching a free gasoline delivery scheme for bulk buyers at ₦1,075 per litre in select Nigerian states. The scheme targets high-volume…
