South Africa’s plan to restructure its state-owned power utility, Eskom Holdings SOC Ltd., by splitting it into three subsidiaries is facing pushback from creditors and foreign funders. South Africa plans to restructure Eskom Holdings SOC Ltd. into a single holding company with distinct subsidiaries for distribution, generation, renewable energy, and transmission. This updated strategy diverges…
South African billionaire and media tycoon Koos Bekker has sold shares in Naspers and its European-listed arm, Prosus, worth roughly $136 million, according to regulatory filings released this week. South African billionaire Koos Bekker has sold Naspers and Prosus shares worth about $136 million. The sales were executed over three trading days in mid-December 2025,…
Pakistan has struck a military equipment deal worth more than $4 billion with Libya’s eastern-based Libyan National Army (LNA). Pakistan has signed a $4 billion military equipment deal with Libya’s eastern-based Libyan National Army (LNA). This includes the sale of JF-17 fighter jets and Super Mushak trainer aircraft, among other equipment. The agreement occurs amidst…
Central African Republic President Faustin-Archange Touadera is seeking a controversial third term this Sunday, December 28, capping a decade in office defined by an assertive security strategy, close ties with Russia, and bold experiments with cryptocurrency. President Faustin-Archange Touadera is seeking a controversial third term after changing the constitution to remove term limits. His decade…
In 2025, the International Monetary Fund (IMF) remained one of the most prominent external actors determining African economic policy. The IMF played a crucial role in shaping African economic policies in 2025. Some African countries reduced reliance on IMF loans, while others struggled with heavy debt burdens. High IMF debts often led to fiscal constraints…
The Trump administration has begun recalling U.S. ambassadors from Nigeria, Uganda and 13 other African countries, marking one of the most sweeping diplomatic shake-ups since President Donald Trump returned to office. The Trump administration is recalling U.S. ambassadors from 15 African countries, including Nigeria and Uganda Career diplomats, rather than political appointees, are notably being…
Across Africa, the cost of living has emerged as a key predictor of economic well-being, social stability, and political confidence. The cost of living is a crucial factor affecting economic and social stability in Africa. Inflation and rising import costs compel higher spending on essentials like food and energy. Affordable living conditions enhance well-being and…
Fitch Ratings has pushed Gabon deeper into junk territory, citing widening fiscal deficits and weakening investor appetite for the country’s debt. Fitch Ratings downgraded Gabon’s long-term foreign-currency rating to CCC- from CCC due to fiscal challenges. Reasons cited include widening budget deficits, limited regional debt market access, and heavy debt repayments. Investor interest in Gabonese…
French nuclear giant, Orano, says 1,600 tonnes of uranium stockpiled before nationalisation may have been moved, prompting Paris to launch a criminal probe amid Niger junta’s push to sell strategic minerals. Orano, a French nuclear company, suspects that 1,600 tonnes of uranium stockpiles in Niger were moved without authorization. The French prosecutor has launched an…
