Mali has ordered the payment of 312 billion CFA francs ($554 million) to local companies to settle arrears for services provided in 2023 and 2024. Mali has authorised payment of 312 billion CFA francs to local companies to settle outstanding dues for services provided in recent years. This payment follows the recovery of 761 billion…
Nigeria increased its petrol supply in November 2025 to meet end-of-year demand, even as key state-owned refineries remained shut and consumers continued to grapple with high pump prices, the latest fact sheet from the Nigerian Midstream and Downstream Petroleum Regulatory Authority showed. Nigeria increased petrol supplies in November 2025 to meet holiday demand, despite key…
Several West African countries have been called out for failing to enforce rulings from the ECOWAS Community Court of Justice, raising concerns over human rights protections, even as the region faces a surge in coups, attempted coups, and escalating insecurity. ECOWAS Court of Justice faces challenges with enforcement of its rulings, reflecting broader governance issues…
Last week, Rwanda and the Democratic Republic of Congo (DRC) finalized a peace accord in Washington, spearheaded by U.S. President Donald Trump. Rwanda and the Democratic Republic of Congo reached the Washington Accords to end decades-long hostilities. Despite the accord, renewed conflict displaced over 200,000 people and caused casualties in eastern DRC. M23 rebels expanded…
The Economic Community of West African States is set to abolish all air ticket taxes across the region from 1 January 2026, marking one of the bloc’s most significant transport reforms in recent years. ECOWAS has approved a landmark policy to eliminate all air ticket taxes across West Africa starting in January 2026. The reform…
South African retail giant Mr Price is set to make its European debut with the acquisition of German value retailer NKD Group GmbH in a deal worth $570 million. South African retail giant Mr Price plans to acquire German-based retailer NKD Group GmbH for up to $570 million. The acquisition aims to expand Mr Price’s…
Russia’s growing influence in Africa, encompassing military, economic, and social cooperation, shows no signs of slowing down, a trend underscored by an Egyptian official’s assessment that the Russian language may soon gain broader adoption within his nation. Egyptian universities plan to increase Russian language studies nationwide as part of their curricula. Currently, 12 universities in…
After a record-breaking 2025, Nigerian industrialist Abdulsamad Rabiu not only climbed the African billionaire rankings but also treated himself to the ultra-luxurious Bombardier Global 8000 aircraft. Abdulsamad Rabiu, a Nigerian industrialist, has significantly expanded his wealth to $8.5 billion in 2025, becoming the fourth richest in Africa. He purchased the Bombardier Global 8000, the fastest…
Low purchasing power has come to be seen as one of the most fundamental and destabilizing issues confronting several African cities. Low purchasing power is a growing issue in African cities, driven by inflation and currency depreciation. Governments employ subsidies and emergency borrowing, but these attempts often fail to address fundamental economic weaknesses. Economic stagnation…
