Finance ministers across East Africa have increased health spending following U.S. President Donald Trump’s sudden withdrawal of billions of dollars in aid earlier this year. East African finance ministers have increased health expenditure due to a significant withdrawal of U.S. aid. Uganda announced an allocation of $32 million for antiretroviral medication to address the issue.…
Mali’s government has announced plans to establish a state-controlled gold refinery in partnership with Russian firm Yadran. Mali is establishing a state-controlled gold refinery in partnership with Russian firm Yadran to maximize earnings from its gold sector. The refinery, named SOROMA-SA, will be majority-owned by Mali with a 62% stake, located near Bamako’s airport with…
The International Monetary Fund (IMF) has indicated that the Ghana cedi’s strong appreciation against the US dollar in the first half of 2025 may necessitate adjustments to some of the targets outlined in its ongoing programme with Ghana. Ghana achieved its debt-to-GDP target of 55% three years ahead of schedule, attributed to the strengthened currency.…
South African-born billionaire Elon Musk is reportedly exploring the possibility of launching SpaceX rockets and deploying Starlink low Earth orbit (LEO) satellites from his home country. Elon Musk is considering using the Denel Overberg rocket test site in South Africa for SpaceX launches and Starlink satellite deployments. The site is strategically suited for polar orbit…
Several African countries have recently been added to the European Union’s money laundering blacklist as high-risk jurisdictions with inadequate anti-money laundering (AML) and countering the financing of terrorism (CFT) regimes. The EU has updated its blacklist, adding five African countries: Algeria, Angola, Côte d’Ivoire, Kenya, and Namibia. Several jurisdictions, including Uganda and Senegal, have been…
The Nigerian government has taken a significant step toward revitalizing its creative economy and reshaping the country’s international image, as Nigeria celebrates 26 years of democracy. The Nigerian government aims to enhance its international image and attract investment by emphasizing positive narratives about the country. The government is integrating media literacy into education to empower…
Kenya’s civil order may be hanging by a thread following the suspicious death of blogger and educator Albert Ojwang in police custody. Videos of protesters being dispersed by tear gas highlight this point, given how reminiscent it is of the 2024 anti-bill protests, which eventually called for the resignation of President William Ruto. Kenya faces…
Burkina Faso has officially completed the handover of five gold mining assets to its state-owned mining company. Burkina Faso finalized the transfer of five gold mining assets to its state-owned mining company SOPAMIB. The reforms raised the country’s free-carried equity stake in gold mining projects from 10% to 15%. Assets included two operating mines and…
The African Development Bank Group’s Board of Directors has approved up to $184.1 million in financing for the Obelisk solar project in Egypt, which is set to become Africa’s largest solar power plant. The African Development Bank approved $184.1 million for Egypt’s Obelisk solar project. This project includes a 1-gigawatt solar PV facility and a…
