Finance and economy ministers from the Alliance of Sahel States (AES) have moved to accelerate the operationalization of the Confederal Bank for Investment and Development (BCID-AES), a key financial institution recently created by Burkina Faso, Mali, and Niger. The Alliance of Sahel States (AES) plans to expedite the establishment of the Confederal Bank for Investment…
In a major diplomatic move, Ghana’s Parliament has approved visa-free agreements with four countries – Mozambique, São Tomé and Príncipe, Colombia, and the Commonwealth of Dominica marking an expansion of the country’s visa-free travel regime. Notably, the inclusion of non-African countries – Colombia and the Commonwealth of Dominica signals Ghana’s deepening push to build global…
The growth reflects renewed investor interest amid improving economic fundamentals and the relative stability of the Zimbabwe’s new gold-backed currency. Foreign participation in Zimbabwe’s stock market increased significantly in Q2 2025, reaching 26.53% of total trades. Trades in value terms surged 153.94% to ZiG 743.6 million ($27.7 million) due to investor confidence. Introduction of Zimbabwe’s…
China’s Sinohydro Group will invest more than $100 million in Angola to develop new sources of grain. Sinohydro Group is set to invest over $100 million in Angola for grain development. Angola granted a tax-free 25-year land concession of 30,000 hectares to Sinohydro. The project aims to improve agricultural infrastructure using existing equipment. China’s Sinohydro…
Africa’s richest man, Aliko Dangote, has stepped down as Chairman of the Board of Directors at Dangote Cement Plc. Aliko Dangote, Africa’s richest man, has resigned as Chairman of Dangote Cement Plc, with Emmanuel Ikazoboh succeeding him. Emmanuel Ikazoboh, the new Chairman, has extensive experience spanning over 40 years in senior management roles across several…
Senegal has formally signed the US-led Artemis Accords, becoming the 56th member to the global framework outlining rules for peaceful space exploration. Senegal signed the US-led Artemis Accords on July 24, 2025, becoming the 56th member of this space exploration framework. The ceremony held at NASA Headquarters in Washington, D.C., marked Senegal’s commitment to science,…
A new European Union regulation has sparked concerns that it could have a devastating impact on the millions of farmers in the world’s largest cocoa-producing country – Ivory Coast who rely on the industry for their livelihood. A new EU regulation demands proof that imported cocoa is not linked to deforestation The country is introducing…
As debt levels rise in several African countries, a few nations on the continent are beginning to stand out by repaying loans to the International Monetary Fund (IMF), and other global lenders or limiting their exposure external debts. Business Insider Africa presents the top 10 African countries with the lowest debt to the IMF in…
Thousands of Cameroonians living in the United States under Temporary Protected Status (TPS) now face the threat of deportation after a federal court ruled in favor of President Donald Trump’s administration. A federal court ruled to end Temporary Protected Status (TPS) for Cameroonians in the U.S., allowing possible deportation. The ruling affects approximately 7,900 Cameroonians…
