United States President Donald Trump has indicated he may not attend the upcoming G20 summit scheduled to take place in South Africa this November, citing his disapproval of the country’s policies. President Trump may skip the upcoming G20 summit in South Africa due to policy disagreements. Tensions between the U.S. and South Africa have escalated…
Nigeria’s fuel market is entering another era of fierce competition, with independent fuel importers undercutting the Dangote Refinery in an unexpected twist. Independent fuel importers in Nigeria have significantly lowered prices, intensifying competition in the market. The reduction in depot rates, spearheaded by companies like Aiteo and Menj, has challenged prices set by Dangote Refinery.…
Three gold producers, including London-listed Endeavour Mining (EDV.L), have agreed to adopt Mali’s controversial new mining code, Malian government officials announced. Three gold producers in Mali have agreed to comply with the country’s revised mining code. The agreement involves Endeavour Mining, Faboula Gold, and Bagama Mining, reflecting a shift in the mining sector. Legal disputes…
Dangote Refinery has withdrawn its lawsuit against Nigeria’s petroleum regulator and several fuel importers, including the state-owned NNPC Ltd. Dangote Refinery has withdrawn a lawsuit against Nigeria’s petroleum regulator and fuel importers. The suit challenged the issuance of fuel import licenses by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). No reason was provided…
Income levels across African countries vary significantly, shaped by a complex mix of natural resource endowments, economic diversification, governance, and demographic pressures. Countries with the highest income levels tend to be those with relatively robust GDP figures, diversified economies, and sustained investment in sectors such as energy, finance, telecommunications, and tourism. Income levels in African…
The wealth of Africa’s richest individuals is once again making headlines, with new statistics revealing significant rises in a variety of industries, particularly food, cement, communications, and luxury goods. Africa’s richest individuals are experiencing significant wealth increases across various industries. Nigerian billionaire Abdul Samad Rabiu’s net worth rose to $6 billion in 2025 due to…
France’s posture and tone toward its military ties to West Africa have pivoted from unrelenting to resigned in the first seven months of 2025. This was underscored by a recent comment from a French official. He noted that the security infrastructure in West Africa is no longer a concern. France has shifted its military policy…
In a major geopolitical development, Niger has signed a nuclear cooperation agreement with Russia, marking the completion of a broader deal between Moscow and the three military-led governments of the Alliance of Sahel States (AES)—Burkina Faso, Mali, and Niger. Niger and Russia have signed a nuclear cooperation agreement to develop peaceful atomic energy infrastructure. The…
Zimbabwe’s best shot at ending its 25-year debt default lies not in going it alone but in formally engaging the Group of 20 nations for a coordinated solution, according to World Bank President Ajay Banga. A World Bank official recommends that Zimbabwe seek G-20 assistance to resolve its 25-year debt crisis. Zimbabwe’s debt, totaling $21…
