Petrobras, Brazil’s state-controlled oil giant, plans to make Africa its main growth market outside Brazil, according to the company’s CEO, Magda Chambriard. Petrobras is set to focus on Africa as its primary market for growth outside Brazil. The company has secured rights to nine offshore blocks in Ivory Coast and expressed interest in partnerships within…
The Africa Finance Corporation has said African governments should look inward to tap into an estimated $4 trillion in capital held by domestic institutional investors. The Africa Finance Corporation emphasizes utilizing $4 trillion in domestic institutional capital for infrastructure development. Pension funds ($455 billion) and sovereign wealth funds ($150 billion) make up a portion of…
The African Development Bank has been honoured with the “Infrastructure Deal of the Year” award for 2025 due to its crucial role in financing the groundbreaking 1.1 GW Suez Wind Power Project in Egypt. The African Development Bank (AfDB) won the ‘Infrastructure Deal of the Year’ award for its role in Egypt’s 1.1 GW Suez…
Former Zambian President Edgar Lungu has died at the age of 68, just six months after a court blocked his bid to return to politics. Former Zambian President Edgar Lungu passed away at the age of 68. He succumbed to an undisclosed illness that required specialized treatment in South Africa. Lungu served as Zambia’s president…
In a massive immigration enforcement operation led by the national police department of Ireland, An Garda Síochána, the European nation deported 35 people to Nigeria on Wednesday. Ireland deported 35 individuals to Nigeria in a recent immigration enforcement operation. The deportees included five children and nine women, per the Garda National Immigration Bureau (GNIB). Justice…
The African Union has strongly condemned the Trump administration’s recent expansion of its travel ban, which now includes seven African countries, calling the move discriminatory and urging Washington to adopt a more consultative and respectful approach. The African Union condemned the U.S. administration’s expanded travel ban as discriminatory and urged a more respectful approach. The…
Africa’s richest man, Aliko Dangote, has hailed Nigeria’s emergence as the continent’s leading cement exporter, crediting strategic investments and local production capacity for transforming the country from a major importer into a dominant player in the African cement market. Aliko Dangote emphasized Nigeria’s achievement as Africa’s top cement exporter due to local investments and production…
The United Nations General Assembly has elected two African countries among five new non-permanent members to the UN Security Council for two-year terms beginning January 1, 2026. The UN General Assembly elected five new non-permanent members to the UN Security Council for terms starting January 1, 2026. Two African countries, the Democratic Republic of the…
U.S. President Donald Trump signed a new travel ban on Wednesday targeting 12 countries, seven of them in Africa U.S. President Donald Trump signed a travel ban affecting 12 countries. The ban, aimed at preventing foreign terrorist threats, restricts entry entirely from nations including Iran and Sudan. Partial restrictions were placed on seven additional countries…
