New Balance opens a new store at Somerset Mall in Cape Town as American companies expand into South Africa, the continent’s most diversified economy. New Balance has opened a new store in Somerset Mall, Cape Town, marking its 16th store in South Africa, with future plans to open four more by 2026. The store introduces…
Kenya continues to face a high risk of debt distress, according to the World Bank’s latest economic update. The World Bank warns Kenya remains at high risk of debt distress, with public debt climbing to 68.8% of GDP in FY24/25. Domestic borrowing now makes up over half of total debt, driven by infrastructure and social…
Africa’s corporate landscape in 2025 is defined by a mix of financial powerhouses, telecom giants, and globally influential resource companies. Africa’s corporate landscape in 2025 is dominated by financial, telecom, and mining giants, with South Africa leading the rankings. Naspers retains its position as the continent’s most valuable company with a valuation of $40.4 billion.…
Mali received 82 fuel tankers from neighbouring Niger on Sunday, following a 1,400-kilometre journey from Niamey to Bamako, as the country confronts a deepening fuel crisis and rising pressure from regional insurgencies. Mali has received 82 fuel tankers from Niger as assistance amidst a critical fuel shortage in the country. These tankers covered a 1,400-kilometer…
Africa’s relationship with gold spans centuries, long before formal mining companies arrived on the continent. From the sprawling reefs of South Africa to emerging discoveries in East and North Africa, gold has sustained economies, created jobs, and attracted generations of miners and investors. Africa’s association with gold dates back centuries, serving as a wealth store…
United States and European oil giants are set to return to Libya, eligible for the country’s first oil exploration bidding in 18 years. Major energy companies are returning to Libya, seeking new oil and gas reserves nearly 15 years after political unrest. Libya’s National Oil Corporation announced plans for a public exploration bid round involving…
Morocco has secured $420 million from Japan to improve irrigation, boost farming, and strengthen water management as it battles worsening droughts and water scarcity. Morocco signed a $420.1 million loan agreement with Japan for a hydro-agricultural project in the Gharb region. The signing was attended by Moroccan officials and representatives from Japan and JICA. Morocco…
Morocco has been selected as the only African country included in a new $303.6 million U.S. Foreign Military Sales (FMS) contract for F-16 radar repair and support services awarded to Northrop Grumman Systems Corp. Morocco has been included in a recent $303.6 million U.S. Foreign Military Sales contract for F-16 radar repair services by Northrop…
A growing network of women solar technicians in Zanzibar is helping to replace smoky kerosene lamps with clean energy, bringing light, skills, and new opportunities to rural communities. Zanzibar’s solar mamas are transforming rural life by replacing smoky kerosene lamps with clean solar home systems. Trained by Barefoot College International, the women technicians have already…
