Namibia’s port administration has postponed plans to upgrade Lüderitz’s southern harbor, a vital infrastructure project required to support the country’s emerging oil and gas industry, claiming a lack of clarity about the scope of work. The Namibian Ports Authority (Namport) has postponed plans to upgrade Lüderitz harbor due to uncertainties in the project scope. Namport…
Kenya is negotiating with China to convert part of its dollar-denominated loans into yuan and extend repayment terms. Kenya is negotiating with China to convert some dollar-denominated loans into yuan and extend repayment terms. The country spends $1 billion annually servicing debt to China, its largest bilateral creditor. A shift from dollar to Yuan payments…
India’s Tata Motors has re-entered South Africa’s passenger vehicle market after a six-year hiatus, unveiling three SUV models and a budget hatchback in a bid to compete with Chinese rivals. Tata Motors has re-entered South Africa’s passenger vehicle market after a six-year absence. The company introduced four combustion-engine models: Punch, Curvv, Tiago, and Harrier. Tata…
Global wealth continues to expand, according to the 2025 UBS Global Wealth Report, but its distribution of dollar millionaires remains highly uneven, with the bulk concentrated in a handful of countries. The UBS Global Wealth Report 2025 indicates expanding global wealth, with dollar millionaires concentrated in specific countries. Economic uncertainty and policy changes drive wealth…
Diesel is in most instances serves as a lifeline for several African countries, powering vehicles, buses, farms, and factories. Business Insider Africa, the top 10 African countries with the highest diesel prices in August 2025. The list is courtesy of GlobalPetrolPrices. The Central African Republic ranks at the top of the list. When its price…
Lesotho is seeking new textile buyers in Asia and beyond after being hit by tariff uncertainty under U.S. President Donald Trump. Lesotho is pursuing new textile buyers due to tariff uncertainty under U.S. President Donald Trump. While tariffs on Lesotho’s goods have been reduced to 15%, concerns remain regarding competitiveness against nations like Eswatini and…
Zimbabwean banks reported major disruptions to a key payment channel after the Reserve Bank of Zimbabwe (RBZ) suffered a network failure, which it is still trying to resolve. Zimbabwean banks are experiencing disruptions due to a network failure at the Reserve Bank of Zimbabwe (RBZ). The real-time gross settlement (RTGS) payment system has been impacted,…
Japan intends to inflate its influence in Africa and has established several initiatives geared towards this goal. Japan is enhancing its influence in Africa by initiating several economic and environmental projects. The Japanese government plans to raise $1.5 billion over the next three years for sustainable development in Africa. This funding, facilitated by JICA and…
East Africa has broken ground on its first-ever cross-border standard gauge railway (SGR), a $2.15 billion project stretching 240 kilometers from Uvinza in western Tanzania to Musongati in eastern Burundi. East Africa has initiated construction on a $2.15 billion cross-border railway spanning Tanzania and Burundi. Tanzanian and Burundian leadership emphasized its role in boosting connectivity…
