Nigerian investor Tony Elumelu has increased his interest in Seplat Energy, buying another six million shares through a company he controls months before he is due to become chairman of the oil and gas producer. Elumelu-controlled Heirs Energies bought six million additional Seplat shares in London on 30 September. At £8.87 a share, the purchase…
Eritrea has severed diplomatic relations with Ethiopia after its neighbour shut its embassy in Asmara and ordered 10 Eritrean diplomats out of the country, marking a sharp deterioration in relations between two former military allies. Ethiopia closed its embassy in Eritrea and ordered 10 Eritrean diplomats to leave within 48 hours. Eritrea responded on 1…
U.S. engineering firm KBR is actively broadening its operations in Libya by pursuing new initiatives in clean energy. According to a report published by Middle East Business Inteligence, “US-based KBR is exploring opportunities to expand its activities in Libya into the renewable energy sector, holding talks this month with the Chairman of the Renewable Energy…
The United States has waived human rights conditions attached to $320 million in military aid to Egypt, allowing the funds to be released as Washington seeks to strengthen its security relationship with Cairo amid the conflict with Iran. The US has lifted human rights conditions on $320 million in military aid to Egypt, prioritising national…
Zimbabwe has paid about $508 million in compensation to white farmers whose land was seized during the country’s controversial land reform programme more than two decades ago. Zimbabwe has paid about $508 million in compensation, including cash and dollar-denominated bonds, to white farmers whose land was seized during its controversial land reform programme. This payment…
The 10 highest-ranked African companies on Forbes’ World’s Best Employers 2026 list include some of the continent’s biggest names in banking, telecommunications, healthcare and industry, with their positions ranging from No. 26 to No. 470 globally. The 10 highest-ranked African companies on Forbes’ World’s Best Employers 2026 list come mainly from banking, telecommunications, and industry…
Ethiopian Airlines has signed a deal to buy 10 Boeing cargo planes as Africa’s largest airline expands its freight operations and strengthens its position as a major aviation hub. Ethiopian Airlines is expanding its freight operations by signing a deal to purchase 10 new Boeing cargo planes, with an option for eight more. The order…
Nigerian billionaire Aliko Dangote has selected US-based Honeywell Technologies to provide engineering services, technology and equipment for his planned $16 billion refinery in Kenya, the company said on Wednesday. Aliko Dangote has enlisted Honeywell Technologies to provide engineering and technology for his ambitious $16 billion refinery project in Kenya. The Kenyan refinery, designed for 700,000…
Under an expanding immigration policy led by U.S. President Donald Trump, Burundi has agreed to accept foreign deportees removed from the U.S. The East African nation joins a growing group of African countries participating in third-country deportation arrangements with Washington. Burundi has agreed to accept foreign deportees from the US under an expanding immigration policy…
Flutterwave founder and CEO Olugbenga “GB” Agboola has been named among Fintech Magazine’s Top 100 Fintech Leaders, placing him alongside some of the most prominent executives shaping the global financial technology industry. Flutterwave CEO Olugbenga Agboola is listed among Fintech Magazine’s Top 100 Fintech Leaders, joining prominent global executives. His recognition comes as Flutterwave expands…
Securing financing from the International Monetary Fund (IMF) offers African countries critical foreign exchange reserves and economic stabilization during periods of financial distress. IMF financing provides African countries with crucial foreign exchange reserves and economic stabilization during financial distress. Heavy accumulation of IMF-related debt can reduce fiscal flexibility and limit states’ abilities to address future…
Tanzania has updated its visa arrangements, placing travellers from different countries under separate entry categories ranging from visa-free access to ordinary visas and referral visas. Tanzania updated its visa policy, categorizing countries into visa-free, ordinary visa, and referral visa requirements. As of September 25, 2026, Nigeria was removed from the referral visa category and now…
Ethiopia has repatriated another 1,273 nationals from Saudi Arabia as Addis Ababa continues a large-scale programme to bring home citizens facing difficult conditions in the Gulf kingdom, even after 1,971 Ethiopians recently received a royal amnesty from Saudi authorities. Ethiopia has repatriated 1,273 nationals from Saudi Arabia as part of an ongoing large-scale programme. The…
Botswana, Africa’s diamond powerhouse and one of the world’s biggest producers of rough diamonds, has pulled out of a joint bid with South Africa and Zimbabwe to host the 2028 Africa Cup of Nations after the government declined to provide the financial guarantee required for the tournament. Botswana has withdrawn from a joint bid with…
Morocco, Africa’s most industrialised economy, is set to host a key battery-material plant serving Europe’s growing electric-vehicle industry as part of a $3.7 billion battery supply-chain investment spanning North Africa and Europe. Volkswagen, PowerCo, and Gotion High-Tech will invest €3.22 billion to build a battery-materials facility in Kenitra, Morocco. The facility will produce up to…
Currency depreciation presents significant macroeconomic challenges for African countries by driving up import expenditures, exacerbating inflationary pressures, and elevating the capital requirements for enterprises seeking foreign exchange. Currency depreciation is creating major macroeconomic challenges in African countries by increasing the cost of imports and intensifying inflation. Uganda and Ghana are recent examples where weaker currencies…
Tanzania will introduce mandatory travel insurance for foreign visitors from October 1, 2026, adding a new entry requirement for travellers visiting East Africa’s second-largest economy. Visitors must purchase inbound travel insurance costing $44, valid for up to 92 days. Tanzania will mandate travel insurance for all foreign visitors starting October 1, 2026. Insurance for mainland…
Two months after suspending the tourist visa application process for Taiwanese nationals, the Kingdom of Morocco reversed its decision last week, allowing people from the Asian country to reapply for visas. Morocco has reversed its suspension of tourist visa applications for Taiwanese nationals after a two-month halt, now allowing applications for tourism purposes. The original…
Mali has thrown its weight behind Morocco in one of North Africa’s most divisive territorial disputes, putting Bamako on the same side as Washington on an issue that Algeria, one of its closest regional partners, strongly opposes. Mali has reaffirmed its support for Morocco’s autonomy proposal regarding Western Sahara, despite improving ties with Algeria. Malian…
In an incident that is hardly isolated, what has been identified as two Algerian aircraft have recently flown over Polish airspace en route to Russia. Two Algerian military transport aircraft were recently detected flying over Polish airspace en route to Russia. Poland has noticed several similar Algerian aircraft flights heading to Russia, causing some speculation…
Zambia is pushing back the return of open access to its main fuel-import pipeline until January, months after the International Monetary Fund called for the system to be restored. Zambia is delaying the return of open access to its main fuel-import pipeline until January, despite IMF pressure for a faster restoration. The Tazama pipeline, critical…
Saudi Arabia recorded a merchandise trade surplus of SR14.36 billion ($3.83 billion) in July, with Egypt emerging as its most prominent African trading partner, according to preliminary government data. Saudi Arabia recorded a merchandise trade surplus of $3.83 billion in July, although both exports and imports fell year-on-year. Egypt emerged as Saudi Arabia’s top African…
Kenya’s housing program, which has been a huge part of the country’s current administration’s policies, may be facing some significant financial hurdles. Kenya’s ambitious housing program aims to deliver 200,000 units annually but is facing serious financial challenges. The Affordable Housing Act, 2024, was recently upheld by Kenya’s Court of Appeal, endorsing a 1.5% payroll…
The United States has returned about $2.5 million to The Gambia from the sale of a Maryland mansion linked to former President Yahya Jammeh, with the money set aside to compensate victims of his 22-year rule. The US returned about $2.5 million to The Gambia from the sale of a Maryland mansion linked to former…
Senegal has enlisted a Turkish company for a proposed second oil refinery and an upgrade of its existing plant, in a bid to process more of its newly produced crude at home and sell fuel across West Africa. Senegal’s state refiner has signed a preliminary agreement with Turkey’s Yamata for a second refinery. The proposed…
Kenyan contractors are challenging tax and customs concessions they say favour firms working on Chinese-financed infrastructure projects, setting up a legal dispute over the terms under which foreign and local businesses compete for construction work. Kenyan contractors want the government to disclose tax and customs concessions linked to Chinese-financed infrastructure projects. They allege that the…
A South African project that plans to extract rare earths from fertiliser waste could become a new source of materials for European magnet manufacturers under an agreement announced on Thursday. Canada’s Neo has signed a rare earth supply agreement with South Africa’s Rainbow Rare Earths. The Phalaborwa project aims to recover rare earths from 35…
U.S. President Donald Trump greeted Chinese President Xi Jinping at Joint Base Andrews with a formal red-carpet arrival to open a three-day summit in Washington. President Donald Trump welcomed Chinese President Xi Jinping to Washington with a formal red-carpet ceremony. The United States and China agreed to extend their trade war truce. Xi Jinping emphasized…
Weeks after ending its 12-year operations in Nigeria and Uganda, Uber CEO Dara Khosrowshahi has discussed expanding the company’s services in Jordan with Crown Prince Al Hussein bin Abdullah II. Uber CEO met the Jordanian Crown Prince to discuss potential service expansion in Jordan. Talks covered cooperation in tourism, integration with the ‘Jordan Source’ initiative,…
As conflict between the United States and Iran continues to disrupt maritime trade through the Strait of Hormuz, Washington has moved to project naval power through the deployment of Navy destroyers. The US has deployed Navy destroyers to the Red Sea to counter disruptions in maritime trade caused by the conflict with Iran and Houthi…
Indian billionaire Anil Agarwal’s Vedanta Resources has hired a Chinese engineering company to construct a $498 million copper recovery plant in Zambia, bringing together Indian capital and Chinese technology in one of Africa’s most strategically important mining regions. Vedanta hires Chinese firm to build $498 million copper plant in Zambia. The plant will recover 70,000…
Africa is trying to dismantle the barriers that have kept its economies apart. A worsening dispute between Nigeria and South Africa is showing how quickly politics can threaten to put some of them back up. Nigeria’s dispute with South Africa shows how political tensions can threaten Africa’s push for deeper economic integration. Nigerian lawmakers have…
A British arms broker has been sentenced to 16 years in prison for operating an illegal weapons network that pursued deals involving a nearly $55 million surface-to-air missile system for South Sudan and fighter jets for Libya during its civil war. Two British arms brokers have been sentenced to 16 years for illegally arranging military…
Mercedes-Benz, headquartered in Stuttgart, Germany, Europe’s largest economy is marking a historic milestone as it celebrates 140 years of automotive innovation. To honor this global anniversary, customer-focused initiatives have been launched across Egypt, Africa’s second-largest economy, offering drivers enhanced value and exclusive ownership opportunities. Mercedes-Benz celebrates 140 years of automotive innovation. To mark the anniversary,…
A 65-year-old medical doctor has become the first person in the UK to face criminal prosecution in connection with the 1994 genocide in Rwanda. Dr. Vincent Brown, formerly Dr. Vincent Bajinya, is the first person in the UK prosecuted for the 1994 Rwandan genocide. British authorities charged him under the 2001 International Criminal Court Act…
The American aerospace company Enstrom Helicopter Corporation recently dispatched its new 480B turbine helicopter to its official South African distributor, Safomar Aviation. Enstrom Helicopter Corporation delivered its new 480B turbine helicopter to its South African distributor, Safomar Aviation, during the Africa Aerospace and Defence exhibition. This marks Enstrom’s first commercial aircraft shipment since resuming operations…
United Bank for Africa is offering Nigerian customers personal loans of up to N30 million, approximately $20,000, to invest in Aliko Dangote’s record $1.6 billion refinery initial public offering. UBA is offering Nigerian customers personal loans of up to N30 million to invest in Dangote Refinery’s $1.6 billion IPO. The facility could help more retail…
The Iran war is pushing Asian energy buyers towards West Africa and improving the commercial prospects of delayed gas projects in Tanzania and Mozambique as companies seek alternatives to Middle Eastern supplies. The Iran war is pushing Asian energy buyers to seek LNG from West Africa and other regions outside the Middle East. The shift…
Britain and Mauritius are seeking a diplomatic breakthrough at the United Nations General Assembly after United States President Donald Trump’s opposition stalled a $4.5 billion agreement transferring sovereignty over the Chagos Islands to the African island nation. Britain and Mauritius are seeking to revive a $4.5 billion Chagos Islands sovereignty deal stalled by Donald Trump’s…
Africa’s aviation industry may not have produced the airline that took the top spot in the 2026 global rankings, but the continent has several carriers that have built strong networks across and beyond its borders. Business Insider Africa presents the 10 best airlines in Africa in 2026. The list is courtesy of Skytrax. African airlines…
The United States has opened a new front in its pressure on Russia, threatening China and India, Moscow’s biggest oil customers, with tariffs of up to 100% and potentially making Russia’s growing network of African allies more important than ever. President Trump signed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026, enacting…
The United States has lifted sanctions on Eritrea imposed over its role in the deadly war in neighbouring Ethiopia, as Washington seeks to “advance US regional interests” in a country strategically positioned along the Red Sea. The United States has lifted sanctions on Eritrea that were imposed due to its involvement in the Tigray conflict…
Ivory Coast plans to begin operations at a new gold refinery in the first half of 2027 as the West African country seeks to process more of its gold locally and become Africa’s largest gold producer by 2035. Ivory Coast will launch a state-of-the-art gold refinery in early 2027, aiming to locally process up to…
Brazilian state-owned oil giant Petrobras has secured 90% operating stakes in eight offshore exploration blocks in Côte d’Ivoire, deepening its expansion into Africa as it searches for new oil and gas reserves. Petrobras has secured 90% operating stakes in eight Ivorian offshore blocks. State-owned Petroci will hold the remaining 10% in each block. The deals…
Japanese chocolate maker Meiji is expanding its involvement in Ghana’s cocoa industry through new agreements covering sustainable production, agroforestry and the conversion of farm waste into useful products. Ghana is strengthening its cocoa partnership with Japan and Meiji Holdings. The country wants at least 50% of its cocoa processed locally. The agreement focuses on sustainable…
Ethiopian Airlines is returning to Durban with daily flights to Addis Ababa, nine years after the African aviation giant suspended the route because of seasonal demand pressures. Ethiopian Airlines will resume daily flights between Durban and Addis Ababa. The new service begins on December 11 using a Boeing 737 MAX. The route was suspended in…
Airtel Money is scaling back the size of its planned London initial public offering, with the African mobile money business now seeking to raise at least $800 million after feedback from potential investors. Airtel Money is targeting at least $800 million from a London IPO. The new target is below its earlier $1.5 billion–$2 billion…
South Africa has opened its first Club Med resort, a more than R2 billion ($122.69 million) development that President Cyril Ramaphosa described as the country’s biggest hospitality investment in nearly five decades. South Africa has opened its first Club Med resort in Tinley Manor, KwaZulu-Natal, marking the country’s largest hospitality investment in nearly 50 years.…
Aliko Dangote’s business empire today is difficult to miss. His $1.6 billion Dangote Refinery IPO has attracted huge interest from Nigerian retail investors and international institutions, valuing the 700,000-barrel-per-day refinery at about $47.6 billion. Aliko Dangote’s business empire, now valued at over $51.3 billion, was shaped not only by success but also by high-profile failures…
Zambia is lining up five new company listings that could raise about $1 billion, while preparing to launch the country’s first gold exchange-traded fund (ETF) before the end of October. Zambia is targeting about $1 billion from five new company listings. Two of the listings could happen before the end of 2026. LuSE plans to…
Saudi Arabia has turned to China for help containing Yemen’s Iran-backed Houthis after U.S. President Donald Trump declined a request from Crown Prince Mohammed bin Salman for American strikes against the group. Saudi Arabia turned to China for help against Yemen’s Iran-backed Houthis after the U.S. declined to carry out military strikes. China diplomatically asked…
A disruption to Middle Eastern exports has removed approximately 36 million tonnes of liquefied natural gas from the global market, creating a rare opening for African producers as buyers search for supplies outside the Gulf. The Middle East war has removed approximately 36 million tonnes of LNG from the global market. Asian spot prices have…
Hopes for a common BRICS currency have been put on hold for now, with the bloc instead pushing ahead with plans to settle more trade and investment in members’ local currencies. BRICS has paused plans for a single common currency and is now focusing on increasing the use of local currencies in trade. The bloc…
Travellers paying as much as $120,000 to visit Antarctica will soon fly from South Africa using jet fuel made partly from used cooking oil and other biological waste. Sasol will supply locally produced sustainable aviation fuel for luxury flights from Cape Town to Antarctica. White Desert offers Antarctic trips costing between $16,500 and $120,000. The…
During a recent viral interview, Dangote has revealed that an investment of ₦100,000 (about $76 USD) in the Dangote Petroleum Refinery could turn Nigerian investors into a millionaire within one to two years. Dangote stated that a ₦100,000 investment in Dangote Petroleum Refinery shares could turn investors into millionaires. The IPO offers 4.1 billion shares…
South African President Cyril Ramaphosa says his government is working to restore direct flights with India more than 11 years after the last non-stop service ended, as Africa’s largest economy seeks deeper trade, tourism and investment ties with the Asian giant. South African President Ramaphosa announced plans to restore direct flights between South Africa and…
Yesterday, Business Insider Africa reported about the crashes of Bamboo app as investors scramble to get a share of Dangote IPO, and now Cowrywise, another one of Nigeria’s most popular investment platforms, has reportedly suffered a breakdown under a massive wave of traffic. Cowrywise crashed due to unprecedented investor traffic during the Dangote IPO retail…
Dangote Refinery’s historic initial public offering (IPO) has put a spotlight on a little-known company sitting at the top of its corporate ownership structure, with a direct stake worth more than $3 billion. Greenview International Corporation is revealed as the ultimate parent company of Dangote Refinery in the IPO prospectus. Greenview owns a direct 6.496%…
A few days ago, Business Insider Africa reported that Saudi Arabia had temporarily shut down a 1,200-kilometer pipeline after drone attacks from Iran. In a recent development, however, Saudi Arabia announced that it has decided to choose diplomatic condemnation over immediate military action. Saudi Arabia temporarily shut down a major oil pipeline after drone attacks…
Libya’s internationally recognised government has denied claims that Ukraine is using its territory to launch drone attacks against Russian vessels, pushing back against reports that the Russia-Ukraine war is spilling deeper into North Africa. Libya’s internationally recognized government has denied reports that Ukraine is using Libyan territory to launch drone attacks against Russian vessels. CNN…
Global leaders from major emerging economies, including Brazil, Russia, India, China, South Africa, Iran, Saudi Arabia, and the United Arab Emirates, have arrived in New Delhi, India for the 18th BRICS Summit held at Bharat Mandapam on September 12 and 13, 2026. Global leaders from the expanded BRICS group, now including 11 member states, convened…
Dangote Group is turning to China, the world’s No. 1 shipbuilding country, as the expansion of Africa’s largest refinery and its wider industrial operations drives plans to increase annual vessel movements from about 300 to nearly 1,800. Dangote Group plans to significantly increase its annual cargo vessel movements from 300 to nearly 1,800 due to…
American venture capitalist and bitcoin investor Tim Draper’s plan to sell his luxury resort investment in Tanzania for $7.9 million is attracting a wave of unusual offers, including gold mines, houses and cattle. Tim Draper is seeking to sell his luxury resort investment in Tanzania for $7.9 million, sparking unconventional offers including gold mines, houses,…
Africa’s biggest refinery,Dangote Petroleum Refinery & Petrochemicals has disclosed 14 pending court cases ahead of its initial public offering, with nine of the cases involving claims totalling $216.12 million and N4.08 billion ($3.08 million). Dangote refinery has disclosed 14 pending court cases in documents prepared for its IPO. Nine are classified as material, with claims…
The U.S. military forces recently launched a targeted counter-terrorism operation against al-Shabaab militants in the East African country of Somalia. The U.S. military conducted an airstrike targeting al-Shabaab militants in Somalia. The operation took place near Quumbi, about 75 kilometers north-northwest of Kismayo. AFRICOM stated the mission aimed to degrade al-Shabaab’s ability to threaten U.S.…
Nigeria’s Dangote refinery has bought at least 16 million barrels of Nigerian crude oil for delivery in October, tightening the country’s export supply as buyers seek alternatives to disrupted Middle Eastern shipments. Dangote refinery has reportedly secured at least 16 million barrels of Nigerian crude for October. The volume represents about 520,000 barrels per day…
Kenya has approved Japan’s Asahi Group to take control of East African Breweries Limited in a $2.3 billion transaction, but the regulator has attached conditions intended to protect competitors and outstanding claimants. Kenya’s competition regulator has approved Asahi’s proposed acquisition of Diageo’s 65% EABL stake. The deal is expected to produce approximately $2.3 billion in…
Samuel Eto’o is facing renewed scrutiny over approximately $665,000 (€567,570) in fees connected to Cameroon’s 2023 friendly against Russia after documents reportedly directed the money to his personal bank account in Qatar. Documents reviewed by The Times reportedly directed two payments worth roughly $665,000 (€567,570) to Samuel Eto’o’s personal account. The money was connected to…
Iran-aligned Houthi fighters have captured a strategic Yemeni port near Africa, giving the armed group greater leverage over one of the world’s most important shipping routes as oil prices climbed above $105 a barrel. Houthi fighters have captured Yemen’s strategic Mocha port, approximately 80 kilometres from the Bab el-Mandeb Strait. The waterway separates Yemen from…
South Africa and Saudi Arabia have agreed to expand their tourism and travel partnerships to significantly improve the journey for thousands of Muslim pilgrims travelling to the Saudi kingdom. South Africa and Saudi Arabia agreed to expand tourism and travel partnerships, focusing on improving travel for Muslim pilgrims. Ministers from both countries discussed transitioning to…
A recent report revealed that Egypt has officially condemned a series of airstrikes targeting multiple regions across Saudi Arabia. Egypt expressed full solidarity with Saudi Arabia, emphasizing their strategic alliance. Egypt condemned recent aerial strikes on several Saudi Arabian cities. The attacks, carried out with missiles and drones, injured dozens of civilians, including women and…
The United States has formally expressed its intent to actively participate in the development of Kenya’s critical mineral sector. The United States has declared its intention to actively assist Kenya in developing its critical mineral sector, aiming to enhance its presence in Africa over China. Kenya is currently reviewing bids for the Mrima Hill deposit,…
Egypt is moving forward with plans to build its largest-scale AI data center using tech from the world’s most valuable company, NVIDIA. Egypt is planning to build its largest AI data center using NVIDIA technology, valued at $200 million initially. The facility will have a 20-megawatt capacity and is being developed by Vodafone Business, Elsewedy…
Africa’s biggest oil refinery has cut its debt by $570 million as it increased production and sales ahead of its planned initial public offering, which could become the continent’s largest share offering. Africa’s largest oil refinery, Dangote Petroleum Refinery, has slashed its debt by $570 million while ramping up both production and sales ahead of…
Egypt and the UAE are taking major steps to deepen their economic relationship through a new investment push focused on logistics and digital financial services. Egypt and the UAE are deepening economic ties through an investment drive in logistics and digital financial services. Key discussions focused on expanding maritime logistics and upgrading port infrastructure, particularly…
Lockheed Martin, the world’s largest defence company by defence revenue, is facing pressure over delays affecting deliveries of its advanced F-16 fighter jets to international customers, with Taiwan waiting for its first aircraft and Morocco preparing to receive its own fleet. The US is facing difficulties completing the delivery of Taiwan’s advanced F-16V fighters, with…
The U.S. Department of State has officially advised its citizens to completely avoid traveling to Libya under any circumstances. The US Department of State has issued a Level 4 ‘Do Not Travel’ advisory for Libya due to severe security threats. Ongoing dangers include criminal activity, political instability, and violent clashes between armed groups. Weapons are…
Since August 22, Business Insider Africa has reported extensively on the joint military air training dubbed “Eagles of Civilization 2026.” However, Egypt and China have now officially announced that the training concluded on September 7, 2026. The ‘Eagles of Civilization 2026’ joint air training between Egypt and China concluded on September 7, 2026. Multi-role fighter…
African travellers entering Europe could encounter longer queues and more consistent biometric processing after temporary flexibility surrounding the continent’s digital border system expired on 6 September. Temporary flexibility allowing European countries to suspend some EES checks expired on 6 September. The system registers non-EU short-stay visitors at the external borders of 29 European countries. It…
Nigeria’s Air Peace has returned to Africa’s ten largest airlines after increasing its scheduled capacity by nearly 55% in one year. Air Peace increased its September scheduled capacity by 54.7% to 354,804 seats. It returned to Africa’s ten largest airlines by seat capacity and was the fastest-growing member. Ethiopian Airlines retained first place with approximately…
Kenya is moving to end the export of raw minerals as East Africa’s largest economy pushes to process more of its natural resources locally, create jobs and retain a greater share of their value. Kenya plans to end the export of raw minerals and instead process them locally to create jobs and retain more value.…
Kuwait has introduced residency permits of up to 10 years for some people who lost Kuwaiti citizenship, giving them a legal way to remain in the country as foreign residents. Kuwait has introduced 10-year residency permits for people who lost Kuwaiti citizenship, giving them legal status as foreign residents. The new permits, set under Ministerial…
UAE President Sheikh Mohamed bin Zayed Al Nahyan has pardoned Egyptian-Turkish poet and activist Abdul Rahman Yusuf al-Qaradawi, days after a federal court sentenced him to 10 years in prison and fined him AED200,000 ($54,452). UAE President Sheikh Mohamed bin Zayed Al Nahyan pardoned poet and activist Abdul Rahman Yusuf al-Qaradawi after he was sentenced…
China has recently stepped in to support Egypt’s water security after United States peace talks failed. This major development comes as Egypt and Ethiopia are locked in a tense argument over the Nile River, Africa’s longest river. Cairo worries that Ethiopia’s giant new dam will take away its drinking and farming water, hurting millions of…
Russia’s top defense company, Rostec, recently relayed that it would be displaying a weapon that for now remains confidential on its Su-57E export fighter at the El Alamein airshow, hosted by the Egyptian military, Africa’s most powerful fighting unit. Rostec announced it will display a confidential new weapon on the Su-57E export fighter at Egypt’s…
The Initial Public Offering (IPO) for the Dangote Refinery, a subject of significant interest within financial markets throughout the year, is scheduled to launch in the coming days. Dangote Refinery’s IPO is set to launch in the next 10-12 days, marking a significant event for Nigeria’s stock market. The refinery plans to offer 4.1 billion…
The West African country of Chad, long known to have struggled with some of Africa’s most persistent security threats, has added at least four Chinese-made combat drones to its military in an attempt to bolster its ability to respond to said threats. Chad has reportedly added four Chinese-made CH-4 combat drones to its military arsenal,…
Israeli Defence Minister Israel Katz has announced that Israel has fully prepared plans to expel the Palestinian population from the Gaza Strip, with the plans awaiting only U.S. approval before they can be carried out. China and Egypt have publicly opposed the proposal. Israeli Defence Minister Katz has declared that Israel is prepared to forcibly…
South Africa’s antitrust authority is looking into shopping malls and retail centers that may be making it difficult for small enterprises to operate in small towns and rural areas where most of the residents are black. South Africa’s antitrust authority is investigating whether shopping malls and retail centers are making it hard for small businesses…
Egypt is considering the purchase of 24 additional Rafale fighter jets from France, a move that could take its fleet to 78 aircraft and strengthen Dassault Aviation’s position in one of Africa’s largest defence markets. Egypt is considering purchasing 24 more Rafale fighter jets from France, which would increase its Rafale fleet to 78 aircraft.…
President Donald Trump, the US commander-in-chief, has fulfilled a long-signalled ambition to appear on national currency after the US Mint released a $1 coin bearing his portrait. The US Mint has released $1 coins featuring President Donald Trump, making him the first sitting US president in 100 years to appear on a coin while still…
Kenya’s President, William Ruto has moved against foreign businesses on two fronts in less than 24 hours, ordering Indian-owned Tata Chemicals to end its operations in Kenya while directing a nationwide crackdown on foreign nationals running small-scale businesses. Kenya’s President William Ruto has ordered Indian-owned Tata Chemicals to cease operations in Kenya. The government plans…
Continental Reinsurance Holdings Ltd. is looking to execute the first initial public offering on the Botswana Stock Exchange since 2017, as it seeks capital acquisition to facilitate its regional expansion. Continental Reinsurance Holdings Ltd. is launching the first IPO on the Botswana Stock Exchange since 2017 to fund regional expansion. Around 20% of the $155…
Tim Cook has stepped down as Apple CEO after 15 years, handing control of one of the world’s most valuable companies to longtime hardware chief John Ternus and closing an era of extraordinary global expansion that left Africa with a comparatively limited Apple footprint. Tim Cook has stepped down after 15 years as Apple CEO,…
Uber is pulling out of Nigeria and Uganda as the ride-hailing giant restructures its global operations, cuts about 3,300 jobs and shifts more investment toward autonomous vehicles and robotaxis. Uber will cease operations in Nigeria and Uganda from September 2 as part of a global restructuring plan. Despite leaving these two countries, Uber states it…
Spain’s King Felipe VI, a leader widely considered one of Europe’s most financially modest, is set to travel to the Spanish enclave of Ceuta, following the migration crisis that involved around 73,000 Africans. King Felipe VI of Spain is set to visit Ceuta following a major migration crisis involving around 73,000 Africans entering the enclave.…
South African energy and chemicals company Sasol has withheld its dividend despite reporting improved annual earnings because its debt remained above the limit set by its shareholder-distribution policy. Sasol’s headline earnings per share increased by 9%, while basic earnings per share rose 79%. The company did not declare a dividend. Net debt remained at approximately…
A former Ethiopian minister recently alleged that Egypt and its collaborators had initiated plans to cut off its access to the Red Sea, given Addis Ababa’s role as the source of the Abay (Nile) River. A former Ethiopian minister accused Egypt of attempting to block Ethiopia’s access to the Red Sea by fueling internal conflicts…
Sweden, a $760 billion European economy, has ended an 18-year development aid programme in Liberia worth SEK 5.77 billion (about $600 million) as the country redirects more of its resources towards Ukraine and a major expansion of defence spending. Sweden has ended its 18-year, $600 million development aid program in Liberia as of August 31.…
South Africa has reopened its search for a private investor in South African Airways, nearly two years after abandoning a proposed sale of 51% of the national carrier. South Africa has authorised a new competitive search for an equity partner for its national airline. The investor is expected to supply capital, aviation expertise and support…
The United States received 10,258 refugees in the first 10 months of its 2026 fiscal year, but an overwhelming 10,255 of them came from South Africa, as President Donald Trump’s policy of prioritising Afrikaner refugees dramatically reshaped America’s refugee intake. In the first 10 months of FY2026, the US admitted 10,258 refugees, with 10,255 coming…
Morocco’s King Mohammed VI is ending a busy August marked by thousands of royal pardons, diplomatic gains over Western Sahara, renewed tensions over Ceuta and a series of engagements spanning Africa, the Americas and Asia. King Mohammed VI of Morocco had a busy August, marked by granting over 2,200 royal pardons and celebrating his 63rd…
Algeria has stepped up its military backing for Niger, sending fighter jets, helicopters and other military aircraft to Niamey days after a mutiny threatened the country’s military government and triggered a direct intervention by Russia’s Africa Corps. Algeria has increased its military support for Niger by sending fighter jets, helicopters, and other aircraft after a…
Burkina Faso is seeking direct bilateral talks with Nigeria to review their relationship and discover new areas of collaboration, a move that might help calm diplomatic tensions between Abuja and Ouagadougou. Burkina Faso is seeking direct bilateral talks with Nigeria to strengthen their relationship and explore new collaboration opportunities. Tensions have risen between Nigeria and…
South Africa welcomed almost one million international tourists in July, but arrivals from China and India moved sharply in the opposite direction. South Africa received 991,696 overnight international tourists in July, 12.5% more than a year earlier. Visitors from SADC countries accounted for almost four out of every five tourists. Indian arrivals fell 26.9%, while…
The European Union has formally challenged South African multinational Sappi’s €1.42 billion, approximately $1.66 billion, plan to combine major paper operations with Finland’s UPM. The European Commission has formally raised objections to Sappi and UPM’s proposed €1.42 billion paper joint venture. The regulator fears the transaction could create Europe’s leading communication-paper producer and weaken competition.…
Morocco’s OCP Group is preparing to build America’s first new phosphate-fertiliser plant in more than four decades as part of a proposed investment worth up to $450 million. Morocco’s OCP and American farmer-owned cooperative CHS plan to build a fertiliser plant in Louisiana. The companies expect to invest up to $450 million in a facility…
Britain’s new Prime Minister Andy Burnham faces pressure over the Chagos Islands as Mauritius prepares to raise the stalled sovereignty transfer at the United Nations General Assembly next month, according to The Telegraph. Britain’s new Prime Minister Andy Burnham faces renewed pressure from Mauritius and the African Union over the stalled sovereignty transfer of the…
China has dramatically demonstrated its expanding global military reach by deploying advanced combat aircraft across Europe and Africa. In Eastern Europe, the Chinese military has showcased its state-of-the-art Z-20K medium utility assault helicopters right on the borders of the North Atlantic Treaty Organization (NATO), the world’s strongest military alliance. China has demonstrated its growing global…
The U.S. has sent more deportees to Eswatini, a small Southern African kingdom, under a highly controversial migration pact. On Thursday, the government of Eswatini announced that it had “received two more third-country nationals deported from the United States” as part of their bilateral agreement. The United States has deported more third-country nationals to Eswatini…
Africa’s richest person, Aliko Dangote, is preparing to give his vast fortune and business empire a new layer of institutional oversight as his Dubai-based family office ramps up operations in 2027. Aliko Dangote is establishing a family office in Dubai to manage his wealth and business empire, with expanded operations planned for 2027. The family…
Egypt has officially launched a major initiative in Nigeria to promote its higher education system and attract more international students to its universities. Under the slogan “Study in Egypt,” this specialized promotional mission began its activities in Lagos on August 26, 2026. Egypt has launched a ‘Study in Egypt’ campaign in Nigeria to attract more…
The largest network provider in Africa, MTN, has agreed to collaborate with Dubai-based investor Tarek Al Ashram to build data center infrastructure across Africa, as AI continues to become more pivotal. MTN, Africa’s largest network provider, is partnering with Dubai-based investor Tarek Al Ashram to develop data center infrastructure across Africa. Africa Data Hub Holding…
The Trump administration has paused or begun rescheduling immigrant-visa appointments worldwide, days after a federal court overturned a separate restriction affecting nationals of 26 African countries. The US has paused or rescheduled immigrant-visa appointments worldwide for consular officer training. The disruption comes days after a court overturned a visa restriction affecting 26 African countries. The…
Muhoozi Kainerugaba, Uganda’s Chief of Defense Forces and son of the country’s current president, Yoweri Museveni, has once again relayed his intentions to run for president. Muhoozi Kainerugaba, Uganda’s Chief of Defense Forces and son of President Yoweri Museveni, has announced his intention to run for president in 2031. He declared his candidacy on social…
Tanzania’s Vice President Emmanuel Nchimbi has resigned less than a year after taking office, saying he had become convinced that President Samia Suluhu Hassan wanted a different deputy. Tanzania’s Vice President Emmanuel Nchimbi has resigned less than a year after taking office. He said President Samia Suluhu Hassan wanted a different deputy. Nchimbi will also…
Africa’s largest telecom operator, MTN Group, is considering obtaining banking licences in some of its African markets, a move that could significantly expand its role in financial services and put parts of its business into more direct competition with traditional banks. MTN is considering banking licences in selected African markets as it expands beyond mobile…
Prince Harry, the Duke of Sussex, has ended his formal association with two prominent Africa-focused organisations within 17 months, marking a significant shift in the British royal’s nearly two-decade philanthropic ties to the continent. Prince Harry has ended his formal association with two major Africa-focused organisations within 17 months. He recently stepped down from the…
Some of Africa’s richest self-made tycoons spent decades building billion-dollar empires, only to eventually surrender the chairman’s seat, executive power or ownership for reasons ranging from regulation and succession to strategic exits. Some of Africa’s richest self-made tycoons eventually surrendered the chairman’s seat after decades of building billion-dollar empires. Their exits were driven by regulation,…
The Schengen visa, a key route for African travellers seeking access to Europe, is facing growing pressure as European governments and political leaders push for tougher controls on migration and movement across the continent. The Schengen visa allows African travellers access to 29 European countries with minimal internal border checks. Recent political pressure in Europe…
The U.S. has cancelled a major joint military exercise with South Korea, citing troop constraints linked to the ongoing war in Iran. The U.S. cancelled major joint military exercises with South Korea due to troop constraints linked to the ongoing war in Iran. The decision includes the cancellation of the ‘Ssangyong’ amphibious landing drill, with…
Fatima Aliko-Dangote, daughter of Africa’s richest man, has announced an expansion of the Dangote Petroleum Refinery’s free fuel delivery network as the company seeks to reduce distribution costs and support lower pump prices in Nigeria. Fatima Aliko-Dangote has announced the expansion of the refinery’s free fuel delivery initiative to four additional states. Kano, Imo, Anambra…
According to stakeholders close to the project, South Korea’s involvement in the joint nuclear project between Egypt and Russia, the El Dabaa nuclear power plant, might assist Cairo navigate western sanctions affecting the project. South Korea’s participation in Egypt and Russia’s El Dabaa nuclear power plant helps mitigate the impact of Western sanctions on the…
Seychelles and Kenya Airways are strengthening their efforts to promote combined twin-centre vacation packages for travelers in North America. Seychelles and Kenya Airways are promoting twin-centre vacation packages targeting North American travelers. The campaign combines Kenyan wildlife safaris with relaxing Seychelles beach holidays to boost tourism for both destinations. Kenya Airways’ non-stop New York-Nairobi flights…
China, home to the world’s second-most powerful military by many global assessments, is deepening defence ties with Egypt, Africa’s strongest military by several measures, as Beijing expands its global military reach through joint exercises spanning three continents. Egypt is strengthening its defense partnership with China, marking a shift as North Africa becomes a key battleground…
Morocco’s King Mohammed VI has awarded royal pardons to 667 persons condemned by courts around the country as the country commemorates Youth Day. King Mohammed VI of Morocco granted royal pardons to 667 people on Youth Day. Of those pardoned, 526 were currently in jail, with various levels of sentence reductions and full pardons. Another…
Ethiopia, which boasts East Africa’s most powerful military, recently agreed to strengthen its defense and security ties with the US Armed Forces, the world’s leading military power. Ethiopia and the United States agreed to strengthen their defense and security cooperation through a new strategic framework. High-level meetings took place at the Pentagon between Ethiopian and…
The Nigerian Naval force has taken a formidable stand against maritime crime, pledging to take tougher measures against piracy, sea robbery, and crude oil theft in Nigeria’s waterways. The Nigerian Navy has intensified efforts to eliminate piracy, sea robbery, and crude oil theft from the nation’s waterways. A large-scale live-firing exercise, Exercise Littoral Fury, was…
Moroccan billionaire Anas Sefrioui is moving deeper into pharmaceuticals through a proposed acquisition of the Moroccan subsidiaries of Servier, France’s second-largest pharmaceutical group. Anas Sefrioui’s Pharma Capital is seeking full control of Servier’s two Moroccan subsidiaries. The proposed transaction covers a pharmaceutical operation and a company holding commercial and industrial property. Sefrioui previously expanded into…
Coal India, the world’s largest coal producer, is evaluating bauxite opportunities in Ghana as the Indian state-controlled company searches for mineral assets outside its traditional coal business. Coal India is evaluating bauxite opportunities in Ghana as it expands beyond its traditional coal business. The Indian state-controlled company is also planning its first overseas trading office…
Indian Oil Corporation (IOC), India’s largest state-owned commercial enterprise and oil refiner, has finalised a deal with Algeria’s state energy company Sonatrach to import liquefied petroleum gas (LPG) from 2027 as the South Asian country moves to reduce its dependence on Middle Eastern suppliers. Indian Oil Corporation (IOC) has signed a deal with Algeria’s Sonatrach…
The president of Cameroon, Paul Biya, after being absent from his country for a period of 74 days, has finally returned, putting a halt to questions about his well-being. President Paul Biya of Cameroon returned after a 74-day absence abroad, quelling rumors about his health. At 93, Biya, the world’s oldest president, arrived from Geneva…
The finance minister of Nigeria, Taiwo Oyedele, has decided to be reserved with the details of the government’s intention regarding a $5 billion loan the West African country received from the United Arab Emirates. Nigeria’s finance minister Taiwo Oyedele defended the lack of transparency regarding the $5 billion loan from the UAE, despite legislative approval.…
Prosus, the global technology investor majority-owned by South Africa’s Naspers, is positioning itself for a new wave of artificial intelligence that could move robots from controlled factories into warehouses, businesses and other workplaces. Prosus expects AI-powered robots to become commercially viable as hardware costs fall and training data improves. The company estimates useful general-purpose robots…
Over a decade after her husband Charles Taylor resigned from serving as Liberia’s president for his questionable acts of war, former Vice President of the West African country Jewel Howard-Taylor has been indicted in a drug case. Former Liberian Vice President Jewel Howard-Taylor has been indicted for drug trafficking, money laundering, and other criminal offenses.…
Due to Ethiopia’s initiatives facilitating foreign investment entry, Chen Hai, the Chinese Ambassador to the East African nation, recently characterized the country as Africa’s most dynamic market. Ethiopia has been recognized by the Chinese Ambassador as Africa’s most dynamic market due to its initiatives to ease foreign investment and trade. China has enhanced trade cooperation…
Mali’s military government is deepening its strategic ties with Russia despite years of pressure from Western governments, deteriorating relations with France and the collapse of its former Western-backed security partnerships. Mali is deepening its strategic ties with Russia as its relations with Western governments and France have deteriorated. A recent high-level call between Mali’s interim…
Chevron has discovered oil and gas condensate at an exploration well offshore Angola, strengthening the US energy major’s push to expand production in sub-Saharan Africa through infrastructure-led exploration. Chevron has discovered significant oil and gas condensate at the 105-4X exploration well in Block 0 offshore Angola, with over 600 metres of oil and gas condensate…
Russia says it is preparing to sign a security cooperation agreement with the Economic Community of West African States, potentially extending Moscow’s influence from its military partners in the Sahel to the region’s main political and economic bloc. Russia says it plans to sign a cooperation agreement with ECOWAS covering regional security. Moscow has also…
Ninety One, Africa’s largest independent private asset manager, has acquired more than 5% of Remgro, the investment company controlled by billionaire Johann Rupert and his family, strengthening its position as a major shareholder in one of South Africa’s largest investment groups. Ninety One has acquired over 5% of Remgro’s shares, strengthening its position as a…
Kenya’s competition regulator has proposed that East African Breweries Ltd. set aside up to 15 billion Kenyan shillings ($115 million) in reserve funds before approving Diageo’s planned sale of its majority stake in the brewer to Japan’s Asahi Group Holdings. Kenya’s competition authority wants East African Breweries Ltd. to set aside up to 15 billion…
A Cameroon-flagged tanker carrying Russian crude has spilled oil off Oman, putting a protected marine area and coastal ecosystems at risk while salvage teams work to contain the damage. A Cameroon-flagged tanker carrying Russian crude oil has spilled off the coast of Oman, threatening protected marine areas and local ecosystems. The Caroline Bezengi, part of…
South Africa has introduced a R500 (about $31) processing fee for its new Electronic Travel Authorisation (ETA), just five days after President Cyril Ramaphosa officially launched the system as part of efforts to digitise the country’s visa and immigration processes. South Africa has introduced a R500 (about $31) processing fee for its new Electronic Travel…
Airtel Africa and Elon Musk’s Starlink have launched a satellite-to-phone service in the Democratic Republic of Congo, marking what the companies describe as the first commercial deployment of the technology in Africa. Airtel Africa and Starlink launched the service commercially in the Democratic Republic of Congo on 14 August 2026. Compatible Android smartphones can connect…
A fresh attack on a vessel linked to the United Arab Emirates’ state-owned oil company has renewed concerns over fuel supplies and shipping costs for import-dependent African economies. The United Arab Emirates said a vessel linked to its state-owned oil company, ADNOC, was attacked while crossing the Strait of Hormuz. The latest incident was the…
Niger has signed a $1.9 billion agreement to develop a 100,000-barrel-per-day refinery and petrochemical complex in Dosso, advancing the landlocked West African country’s ambition to process more of its crude domestically and become a regional energy hub. Niger has signed a $1.9 billion agreement to build a 100,000-barrel-per-day refinery and petrochemical complex in Dosso. The…
Taiwan warns citizens against travel to Uganda after officials seize passports, demand Chinese documents, escalating diplomatic tensions over Beijing’s policy. Taiwan warned its citizens to reconsider travel to Uganda after incidents involving passport seizures by Ugandan immigration officials. Uganda demanded Taiwanese travellers present Chinese passports, citing its adherence to the ‘one-China policy’ that recognises Beijing’s…
Ghana’s new defence cooperation agreement with Burkina Faso is facing an immediate test from traders who say they remain uncertain about how the security arrangements will work in some of the most dangerous areas of Burkina Faso. Ghana and Burkina Faso have signed a new defence cooperation agreement focused on securing key trade routes and…
South Africa’s top court has blocked Shell’s offshore oil exploration, adding another setback as the energy giant prepares to sell its downstream business. South Africa’s Constitutional Court has blocked Shell’s offshore oil exploration, overruling a prior decision allowing it to proceed. This ruling follows years of legal opposition from local communities and environmental groups, causing…
Morocco has extended direct fuel support for commercial transport operators after petrol and diesel prices rose for the second time in less than three weeks, increasing pressure on passenger fares and freight costs. Morocco has extended direct fuel support for passenger and freight transport operators. The latest payment covers August 1 to 15, with applications…
The Economic and Financial Crimes Commission (EFCC), Nigeria’s financial crimes investigation agency, has successfully recovered over $160 million in unpaid statutory fees owed by oil companies to the Niger Delta Development Commission (NDDC). The EFCC has recovered over ₦115 billion and $84 million (over $160 million total) in unpaid statutory fees from oil companies. These…
Between 7,000 and 9,000 migrants are believed to remain in Ceuta, nearly two weeks after about 72,000 people crossed from Morocco into the Spanish enclave in one of Europe’s largest recent border surges. Spain estimates that 7,000 to 9,000 migrants remain in Ceuta after about 72,000 crossed from Morocco. About 1,898 minors have been formally…
Qatar and Morocco are part of a group of six Arab football federations that have pledged their full support to FIFA President Gianni Infantino. Six Arab football federations, including Qatar and Morocco, have declared full support for FIFA President Gianni Infantino. Major confederations from Europe, Asia, and North America have criticized Infantino and some have…
China’s state-backed minerals buyer has secured a one-year agreement for iron ore supplied by Anglo American’s South African subsidiary, extending Beijing’s influence over the pricing and distribution of one of Africa’s biggest mineral exports. China’s state minerals buyer has secured a one-year supply agreement with South Africa’s Kumba Iron Ore. The agreement took effect on…
Nigeria’s Aradel Holdings Plc plans to begin producing gasoline at its modular refinery in 2027, as the removal of fuel subsidies improves the economics of domestic petrol production. Aradel Holdings Plc aims to start gasoline production at its modular refinery in 2027 after Nigeria removed fuel subsidies and improved market conditions. Currently, the plant produces…
Last week, the island nation of Seychelles, renowned for its tourism and high GDP per capita, received images and videos of its national monuments aboard the International Space Station via the Russian Orbital Segment (ROS), which is responsible for propulsion, navigation, and primary guidance. Seychelles celebrated its 50th independence anniversary by sending national symbols and…
President Bola Tinubu has approved a new deepwater oil and gas investment framework that Nigeria says could unlock as much as $50 billion in investment, as Africa’s top crude producer seeks to revive stalled offshore projects and compete more aggressively for global energy capital. President Bola Tinubu has approved a new deepwater oil and gas…
African e-commerce company Jumia has secured $50 million in fresh equity from investors led by the World Bank’s International Finance Corporation, giving the loss-making retailer additional financial firepower as it pushes towards its first profitable year. African e-commerce company Jumia has raised $50 million in fresh equity from IFC, Axian and other investors. IFC, the…
Egypt’s Minister of Education and Technical Education, Mohamed Abdel Latif, and the Japan International Cooperation Agency (JICA) recently met to discuss the expansion of several key education projects between the two nations. Egypt and Japan are expanding their strategic partnership in education. The number of Egyptian-Japanese schools is rapidly increasing, expected to reach 102 by…
High-level officials from Egypt and the United States have met to discuss a wide range of investment opportunities focused on urban development and seawater desalination. Egyptian and US officials met to discuss expanding investment opportunities. The meeting emphasized improving housing and infrastructure through joint efforts and bilateral cooperation. Egypt’s new cities were highlighted as key…
A coastal county in Kenya, Lamu is on the verge of a major economic transformation as the Kenyan government confirms plans for a Ksh 12.9 billion (approximately $100 million) palm oil processing plant and moves closer to launching a multi-trillion shilling petroleum refinery. There is a new plan to build a $100 million palm oil…
Africa’s richest man, Aliko Dangote, in a recent interview with the BBC, disclosed that his proposed refinery in Kenya might cost substantially less than the $17 billion originally predicted, as the tycoon hopes to use lessons learned from the construction of his gigantic Lagos refinery to speed up the new project. Aliko Dangote announced that…
The UAE has built one of the continent’s largest investment pipelines across ports, mines, farms and renewable energy. The next stage is whether those projects leave African countries with infrastructure, processing capacity and local businesses that can outlast the deal. The Financial Times reported that UAE entities have announced more than $168 billion in African…
Africa’s solar demand is rising as countries look for cheaper and more reliable power. The next contest is whether the continent remains a buyer of Chinese equipment or builds factories that can create jobs and retain more value locally. Nigeria, South Africa, Morocco and Ethiopia are expanding solar manufacturing plans as power demand rises. Chinese…
In July, about 72,000 Moroccans entered Ceuta, a Spanish territory on Africa’s northern coast, during a two-day migration surge, leaving the world in shock and subsequently raising questions. About 72,000 Moroccans entered Ceuta, a Spanish enclave in North Africa, in a two-day surge in July, raising international concerns. Questions arose regarding who organized the mass…
Colombia has joined the US in recognising Morocco’s sovereignty over Western Sahara, reversing the position of the previous administration and handing Rabat a fresh diplomatic victory in its campaign to build international support for its claim over the disputed African territory. Colombia has recognized Morocco’s sovereignty over Western Sahara, reversing its previous support for the…
For decades, America’s engagement with Africa was largely defined by aid, public health programmes, security partnerships and political diplomacy, but Washington is now making a harder commercial calculation as it seeks to secure critical minerals, opening both direct and indirect investment opportunities for resource-rich African countries. The US is increasing investment in critical minerals to…
The Moroccan government has recently introduced a significant expansion of its national employment strategy, committing an additional MAD 15 billion, which is approximately $1.65 billion, to drive job creation. Morocco has allocated an additional MAD 15 billion (about $1.65 billion) to expand its national employment strategy. The Employment Roadmap 2030 targets creating one million net…
Africa has emerged as one of Diageo’s strongest-performing regions just as the British drinks giant prepares to relinquish direct ownership of its remaining beer business on the continent. Diageo’s Africa operating profit surged 43.5%, making it the company’s fastest-growing major region. Organic sales rose 13.3%, despite the group’s global sales declining 2%. The growth comes…
A new NATO-like defence alliance between Saudi Arabia, Pakistan and Turkey has revived attention on Pakistani arms deals worth more than $5 billion with Sudan and Libya, which Saudi Arabia had earlier moved to halt in the wake of the US-Iran war. Saudi Arabia, Pakistan, and Turkey signed the Mecca Joint Defence Agreement, declaring collective…
A possible new gold discovery stretching six kilometres has emerged in Namibia, with a Canadian-listed miner preparing its first major drilling campaign after fresh exploration results strengthened evidence of a substantial mineralised system beneath the surface. Namibia’s Ongwe Minerals has identified a six-kilometre gold anomaly at its Nguni prospect. The company plans a 5,000-metre drilling…
A Senegalese court has sentenced three TikTok influencers to prison for insulting President Bassirou Diomaye Faye, putting the country’s increasingly influential online political space under scrutiny at a time of heightened tensions within its ruling establishment. Senegal has jailed three TikTok influencers for insulting President Bassirou Diomaye Faye. The case comes as Faye’s relationship with…
Italy and France have officially joined a growing list of international backers for Africa’s sustainable development by pledging a combined $50 million in new funding. Italy and France pledged a combined $50 million to support Africa’s sustainable development initiatives. The funding will go to the Alliance for Green Infrastructure in Africa’s Project Development Fund, managed…
In a major addition to Nigeria’s maritime industry, the world’s largest shipping line, Mediterranean Shipping Company (MSC), has officially launched a new weekly service to Lekki Port. Mediterranean Shipping Company (MSC) has launched a weekly shipping service to Nigeria’s Lekki Port. The service uses a feeder system, routing cargo through Lomé, Togo before reaching Nigerian…
A long-running dispute over one of Abuja’s biggest real estate developments has moved beyond Nigeria’s borders, with Ghanaian businessman Sir Sam Jonah’s company taking the Nigerian government to international arbitration in Paris. A major dispute over the River Park Estate development in Abuja has led to international arbitration in Paris. The project, planned to include…
Chinese-owned mining companies in the Democratic Republic of Congo have rejected claims that their cobalt contains excessive uranium after Kinshasa banned exports of copper and cobalt concentrates to promote local processing. Chinese mining companies in the DRC rejected allegations that their cobalt products contain excessive uranium, calling these claims unfounded. The companies’ response follows a…
The global aviation industry is on the verge of a significant change as a $3 billion investment prepares to turn a native Brazilian fruit into high-performance jet fuel. A $3 billion investment is set to turn Brazil’s macauba palm into a plant-based jet fuel, aiming to revolutionize global aviation fuel. Macauba outperforms traditional crops like…
Malawi is attracting fresh international investment in its critical minerals sector after Australian-listed AuKing Mining agreed to acquire the Machinga Heavy Rare Earth Elements (HREE) Project, underscoring the country’s growing role in the global scramble for minerals essential to electric vehicles, renewable energy and advanced defence technologies. Australian miner AuKing has agreed to acquire the…
As Zambia heads to the polls next week, the country’s mining industry is focused on more than who wins the presidency. Zambia’s miners are looking beyond next week’s elections to policies that can accelerate copper production. The country aims to nearly triple annual output to 3 million tonnes by the next decade. Mining firms are…
Nigeria has approved a $4.5 billion refinancing of the Nigerian National Petroleum Company (NNPC) Limited’s flagship oil-backed financing facility, unlocking $3 billion in fresh funding while reducing the volume of crude committed to servicing the debt in a move expected to strengthen the finances of Africa’s largest oil-producing nation. Nigeria has approved a $4.5 billion…
Morocco is set to build Africa’s second large-scale waste-to-energy plant, a $1.5 billion project designed to turn millions of tons of household waste into electricity while tackling one of the country’s biggest landfill pollution problems. Morocco will construct Africa’s second major waste-to-energy plant in Casablanca, costing $1.5 billion. The facility, led by a Swiss-Japanese consortium,…
In recent weeks, relations between Morocco and the United States have transcended standard national interests, developing into somewhat of a formal friendship between the leaders of the two nations, King Mohammed VI of Morocco and U.S. President Donald Trump. King Mohammed VI of Morocco recently, via a letter, confirmed that he has named the 1,055-kilometre…
First HoldCo Plc, the parent entity of one of Nigeria’s largest commercial bank, First Bank, has secured regulatory approval from the Central Bank of Nigeria to launch a major $1 billion equity offering. First HoldCo Plc received regulatory approval to launch a $1 billion equity offering from the Central Bank of Nigeria. This move is…
Morocco has found itself at the centre of international attention over the past week after a surge in attempted migrant crossings into Spain’s North African enclave of Ceuta prompted renewed scrutiny of a proposed $40 million US funding package and refocused attention on one of Africa’s longest-running territorial disputes. A recent surge in migrant crossings…
BUA Foods, the food manufacturing company controlled by Africa’s fourth-richest man, Abdul Samad Rabiu, has grown its total assets beyond $1.2 billion (₦1.67 trillion), underscoring the scale of its ongoing expansion despite a slowdown in revenue growth. BUA Foods has grown its assets beyond $1.2 billion as it accelerates a major expansion across Nigeria’s food…
A series of developments over the past week has revealed a deepening partnership between the United States and Morocco over Western Sahara, with infrastructure, clean energy and diplomacy converging around one of Africa’s most contested territories. The United States and Morocco are deepening their partnership over Western Sahara, focusing on infrastructure, clean energy, and diplomacy.…
Travellers from 30 African countries are set to face tougher financial requirements when applying for U.S. business and tourist visas after Washington permanently adopted its controversial visa bond program, exactly 12 months after it was introduced on a trial basis. The U.S. has made its controversial visa bond program permanent, requiring certain B-1 and B-2…
For over twenty years, China has stood as one of Africa’s main foreign investors, paying for roads, rail lines, ports, power stations, and mines across the region. Lately, however, a quiet change has begun. Some of India’s richest people are growing their work in Africa, putting billions into areas like mining, mobile phones, factories, and…
Femi Otedola has spent about ₦222.2 billion on First HoldCo shares, raising his interest in the Nigerian financial group to 25.88%. Calvados Global Services bought 1,779,094,976 First HoldCo shares at ₦124.90 each. The transaction was worth about ₦222.21 billion, equivalent to roughly $160 million at recent exchange rates. Otedola’s interest rose from 21.96% to 25.88%,…
A fresh debate over Europe’s border policies could have significant implications for millions of Africans living, working and studying across the continent, after renewed calls emerged to reserve Schengen free movement exclusively for European Union citizens. A new debate in Europe proposes restricting Schengen free movement to only EU citizens. This follows a surge in…
Ghana has backed five-year presidential terms as part of a sweeping constitutional reform programme that could reshape elections, political eligibility, public appointments and institutional accountability in one of West Africa’s most stable democracies. Ghana’s government plans to extend presidential and parliamentary terms from four to five years. Proposed reforms lower the presidential age limit to…
Nigeria’s oil industry is entering a new phase. The country’s biggest challenge is no longer a lack of refining capacity but producing enough crude oil to supply its refineries. Nigeria’s oil sector now faces the challenge of producing enough crude to supply its domestic refineries. The Dangote Petroleum Refinery alone requires 552,500 barrels per day,…
The escalating military confrontation between the United States and Iran is beginning to spill beyond the Middle East, with Egypt’s strategic Mediterranean LNG hub caught in the crossfire after a drone strike hit two ships at the Port of Damietta, including a U.S.-owned floating storage tanker. A drone strike hit two ships at Egypt’s Port…
West Africa is stepping up efforts to reduce its reliance on foreign fuel price benchmarks, with Nigeria leading a push to establish a regional pricing mechanism that reflects local supply, demand and logistics rather than indices set outside the continent. Nigeria is leading efforts to establish a West African fuel price benchmark based on regional…
Burkina Faso recently found itself on the list of yet another international human rights watchlist, despite the complex security challenge the country is currently facing. Burkina Faso faces severe security challenges but maintains strong economic growth, with GDP growth reaching 5.3% in 2025. The country was placed on the CIVICUS Monitor Watchlist due to growing…
Financial pressure is pushing millions of South African workers toward sports betting and online gambling, with many hoping a lucky win can help them meet daily expenses or escape mounting debt. Financial pressures are leading millions of South Africans to sports betting and online gambling for extra income. Over half of employed South Africans earning…
Japan is investing up to $34 million (C$47.7 million) in a heavy rare earth mining project in Namibia, strengthening Africa’s position in the global race to secure critical minerals used in electric vehicles, renewable energy and defence technologies. Japan will invest up to $34 million (C$47.7 million) in a heavy rare earth project in Namibia…
Zijin Gold’s planned takeover of Allied Gold has been terminated, but the Chinese miner will invest about $295 million in the company behind major gold assets in Mali, Ethiopia and Côte d’Ivoire. Zijin Gold and Allied Gold have terminated their planned C$5.5 billion takeover after concluding that the remaining conditions were unlikely to be completed…
Mozambique has awarded a 25-year concession to two Chinese companies to build and operate a one-stop border post at Machipanda, a critical crossing linking the country to neighbouring Zimbabwe. Mozambique has granted a 25-year concession to two Chinese firms to build and operate a one-stop border post at Machipanda, which connects Mozambique to Zimbabwe. The…
For many Africans, international travel still means applying for a visa well before departure. While some passports offer broad travel freedom through visa-free entry or visas on arrival, the majority across the continent remain subject to stricter travel restrictions. Most Africans still face strict visa requirements for international travel, limiting their mobility compared to other…
The Executive Board of the International Monetary Fund (IMF) completed its final review of Ghana’s three-year, $3 billion crisis support package on July 27, 2026, approving an immediate payout of $371 million. The IMF completed its final review of Ghana’s $3 billion crisis support package, releasing a last $371 million payment. This marks the official…
The United States will end routine visa processing at 25 diplomatic posts across Africa from August 1, consolidating operations into 20 regional hubs as part of a sweeping overhaul aimed at strengthening security screening and streamlining consular services. The U.S. will end routine visa processing at 25 African diplomatic posts starting August 1, consolidating services…
The United States is providing its first federal backing for a green energy project in Western Sahara, supporting a proposed $4.5 billion green ammonia facility in the disputed Moroccan-controlled territory. The U.S. is supporting its first green energy project in Western Sahara with a $5.7 million grant for a $4.5 billion green ammonia facility. This…
South Africa has taken a major step towards expanding local-currency trade in Southern Africa after the Angolan kwanza became the second settlement currency on a regional payment system that had operated exclusively in rand for 13 years. Angola’s kwanza has become the second settlement currency on the SADC Real-Time Gross Settlement (SADC-RTGS) platform. The move…
The Zambian government has restricted unrefined copper exports to force foreign mining and industrial companies, especially Chinese firms, to build local processing plants. Zambia has imposed restrictions on the export of unrefined copper to encourage foreign firms to build local processing plants. The policy aims to shift the country from exporting raw minerals to producing…
Operations at one of the world’s largest platinum mining complexes have been temporarily suspended after six worker deaths over the past year and a rise in serious underground safety incidents prompted owner Impala Platinum Holdings (Implats) to halt mining and launch a comprehensive safety overhaul. South Africa’s largest platinum mining complex has suspended operations after…
Africa’s economic recovery could face a major setback after the African Development Bank (AfDB) warned that an unusually powerful El Niño weather event could erase between $10 billion and $20 billion from economies across the continent, slow growth, damage infrastructure and trigger fresh waves of climate migration. AfDB says a powerful El Niño could cost…
The president of Nigeria, Bola Tinubu, is facing calls from prominent energy analyst Dan Kunle (who served as Senior Technical Adviser to the Minister of Energy for Gas during the creation of the 2007–2009 Nigerian Gas Master Plan) to pause commitments on the proposed $25 billion Nigeria–Morocco Gas Pipeline. Energy analyst Dan Kunle urges President…
Daniel Adongo, the former Kenyan rugby player who built his career in South Africa before reaching the NFL, has been deported from the United States after immigration authorities said he overstayed his visa and was convicted of a criminal offence. Former Kenyan rugby player and NFL linebacker Daniel Adongo was deported from the US for…
The BRICS New Development Bank has added Zimbabwe as a member, according to the country’s Finance, Economic Development and Investment Promotion Minister, Mthuli Ncube. Zimbabwe has joined the BRICS New Development Bank, making it eligible for new credit lines and funding opportunities. The announcement was made by Zimbabwe’s Finance Minister, Mthuli Ncube, highlighting the move’s…
The United States has unveiled a sweeping new tariff regime targeting imports from 60 economies, with Nigeria, South Africa, Egypt, Morocco, Algeria, Angola and dozens of other countries set to face a 12.5% tariff as President Donald Trump rebuilds his global trade wall under Section 301 of the Trade Act of 1974. The United States…
Ethio Telecom, Ethiopia’s state-owned telecoms behemoth, claimed a significant rise in profit for the fiscal year 2025/26, owing to rapid subscriber growth, expanded digital offerings, and the sustained success of its mobile money platform, Telebirr. Ethio Telecom reported a net profit of $581 million for 2025/26, up 47.5% from the previous year. Revenue rose to…
Before the Iran war, around 15 million barrels of Persian Gulf oil passed through the Strait of Hormuz every day, making the narrow waterway one of the world’s most critical energy chokepoints. At least seven major pipeline projects are underway or planned to reroute oil exports via the Red Sea, Gulf of Oman, and the…
The Trump administration has unveiled a $500 million U.S.-Africa Strategic Investment Program, signaling a major shift in Washington’s engagement with Africa by prioritizing private sector investment over traditional foreign aid while seeking to secure access to the continent’s vast critical mineral resources. The Trump administration launched a $500 million U.S.-Africa Strategic Investment Program. The initiative…
The Dangote Refinery, controlled by Africa’s richest man, Aliko Dangote, has received backing from some of Africa’s most high-profile institutional investors, raising $2.5 billion in a historic private equity placement that generated record demand. Dangote Refinery has raised $2.5 billion in a record-breaking private equity placement with strong interest from major African and international institutional…
The official state-owned lithium mining arm of Zimbabwe, Mutapa Energy Resources, has secured a $300 million investment to accelerate the development of its lithium assets, marking the latest step in the country’s efforts to bolster its position in the global battery resource market. Zimbabwe’s state-owned Mutapa Energy Resources has secured a $300 million investment to…
Cameroonian billionaire Baba Ahmadou Danpullo has launched a new asset management firm, Danpullo Capital, to organize and shield his estimated $930 million fortune. Baba Ahmadou Danpullo has launched Danpullo Capital, an asset management firm, to organize and protect his $930 million fortune. The firm was unveiled in Douala in partnership with Kessner Capital Management. Danpullo’s…
The former president of Nigeria, Goodluck Ebele Jonathan, recently relayed that the country’s local content strategy for the oil and gas industry was inspired by China’s success in developing a robust domestic petroleum industry. Former Nigerian president Goodluck Jonathan revealed that the country’s oil and gas local content strategy was inspired by China’s petroleum industry.…
The Confederation of African Football (CAF) has accepted the joint declaration of interest submitted by Burkina Faso, Mali and Niger to host the 2032 Africa Cup of Nations (AFCON), allowing the three Sahel nations to move to the next stage of the tournament’s bidding process. CAF has accepted the joint declaration of interest from Burkina…
China’s campaign to expand the global use of the yuan is gaining fresh momentum in Africa, with Angola becoming the latest country to deepen its integration with Beijing’s financial system as one of its biggest commercial banks prepares to join China’s Cross-Border Interbank Payment System (CIPS). Angola’s Banco de Fomento Angola plans to become the…
SpaceX’s Starlink has officially launched commercial satellite internet services in Seychelles, extending its footprint to 28 African countries in a move that signals the company’s strategy is evolving beyond connecting underserved communities to competing in more mature broadband markets. Starlink has launched commercial satellite internet services in Seychelles, expanding its footprint to 28 African countries.…
Microsoft co-founder and philanthropist Bill Gates has recently advised that African leaders urgently need to invest in human capital and technology as foreign aid to the continent decreases. Bill Gates urges African leaders to invest in human capital and technology as foreign aid to Africa declines. African governments face increased financial pressure and must reconsider…
Taifa Gas, the cooking gas company controlled by Tanzanian billionaire Rostam Aziz, is nearing the completion of a $124 million terminal in Mombasa aimed at breaking the duopoly controlling Kenya’s cooking gas imports. Taifa Gas, owned by Tanzanian billionaire Rostam Aziz, is finalizing a $124 million LPG terminal in Mombasa. The 30,000-tonne facility, with expansion…
A major battle over the cost of blockbuster diabetes and weight-loss drugs is unfolding in Africa as South Africa reviews 12 applications for generic versions of semaglutide, the active ingredient in Novo Nordisk’s Ozempic and Wegovy. South Africa’s health regulator is reviewing 12 applications for generic versions of semaglutide, the ingredient in Ozempic and Wegovy.…
Ghana has opened applications for new 5G spectrum licenses that could generate more than $200 million for the government, months after revoking an exclusive infrastructure agreement backed by Indian billionaire Mukesh Ambani. Ghana has launched a new 5G spectrum auction expected to raise over $200 million for the government. The National Communications Authority is offering…
Apple overtook Nvidia on Friday, July 17, 2026, to reclaim its position as the most valuable company in the world. Apple’s market share is growing rapidly in Africa, now accounting for over 15% of smartphones. Apple reclaimed the title of the world’s most valuable company from Nvidia on July 17, 2026. Nvidia’s shares dropped by…
West African leaders on July 19, 2026, signed an ECOWAS agreement approving the construction of a gas pipeline linking Nigeria to Morocco during a summit held in Freetown, Sierra Leone. West African leaders signed an ECOWAS agreement, to construct a $25 billion gas pipeline linking Nigeria to Morocco. The 6,000 km pipeline will transport natural…
A new report has revealed that China’s mining company, Zijin has started exporting lithium concentrate from its Manono project in the Democratic Republic of Congo. The shipments mark the first time the African country has exported lithium. Zijin, a Chinese mining company, started exporting lithium concentrate from the Manono project in the DRC. African countries…
South Africa intends to draw in $46 billion (750 billion rand) for an industrial push to establish initiatives classified as specialized industrial hubs. South Africa aims to attract $46 billion in investments by April next year to boost its manufacturing sector through specialized industrial hubs. The government plans to raise about R200 billion from various…
One of Africa’s biggest natural gas opportunities is entering a defining phase, but Mozambique’s local businesses have been told they cannot rely on government protection to secure a share of the country’s multibillion-dollar LNG industry. Mozambique’s LNG projects could unlock more than $50 billion in investment. Eni says local firms must meet global standards to…
Aliko Dangote is nearing the completion of a $2.5 billion private share placement for his refinery business, marking a major step toward what could become Africa’s largest initial public offering (IPO). Aliko Dangote is close to completing a $2.5 billion private share placement for his refinery, valuing it at about $40 billion. The private offering…
The British government on July 16, 2026, imposed targeted sanctions on 11 individuals and entities suspected of facilitating the conflict gold trade and financial networks fueling the ongoing war in Sudan. The British government imposed targeted sanctions on 11 individuals and entities linked to the conflict gold trade fueling Sudan’s war. The sanctions focus on…
Nigeria is taking one of its boldest steps yet to tighten oversight of its foreign exchange market, introducing a centralised digital system that will allow regulators to track every official dollar purchase made by licensed Bureau De Change (BDC) operators from banks in near real time. Nigeria’s central bank has launched a digital platform to…
As recently reported, the South African subsidiary of Japan’s largest car manufacturer, Toyota South Africa Motors (TSAM), has completed more than 77% of its 10.4 billion rand ($634 million) investment programme to manufacture the next-generation Hilux pickup truck. Toyota South Africa Motors has completed over 77% of its R10.4 billion investment program to manufacture the…
Scientists have discovered a previously undiscovered monkey species, Likweli, deep within the Democratic Republic of the Congo’s jungles, highlighting the Central Congo Basin’s incredible biodiversity and the critical need for its protection. Scientists have discovered a new monkey species, Colobus congoensis, in the Democratic Republic of the Congo’s jungles. The discovery involved genetic research, audio…
South Africa is looking to ensure that its relationship with fellow African countries remains untainted following an ugly episode of xenophobia and anti-immigration demonstrations that swept the country over the last few months. South Africa has faced backlash from other African countries due to recent xenophobic and anti-immigration protests targeting African nationals. Some countries, including…
DRDGOLD, a South African gold producer, has reached a significant milestone in its Vision 2028 expansion strategy by completing the new elution circuit and smelt house at its Far West Gold Recoveries (FWGR) Driefontein 2 (DP2) facility, resulting in the successful production of its first gold bar. DRDGOLD has completed a new elution circuit and…
Canada’s Montage Gold is wasting little time turning its latest acquisition into a future mine, underscoring growing confidence in Côte d’Ivoire as one of Africa’s fastest-growing gold investment destinations. Canada’s Montage Gold has launched a $13.5 million exploration programme to fast-track the Didiévi project into its second producing mine in Côte d’Ivoire. The investment comes…
For Taiwo Akinropo, HeyFood wasn’t born out of a love for restaurants. It began with a fascination for broken systems. After leaving the University of Ibadan, he built HeyFood into one of Nigeria’s leading food delivery platforms, processing more than ₦6.1 billion in transactions. Now, he’s betting on autonomous AI, believing Africa should build—not just…
Nigeria has approved a major tax incentive for Shell Plc’s planned deepwater oil project as President Bola Tinubu’s administration intensifies efforts to revive investment in the country’s struggling petroleum sector. Nigeria has approved a significant tax incentive for Shell’s Bonga Southwest Aparo deepwater oil project, offering a $11.50 rebate per barrel produced. This incentive, over…
Botswana recently received another C-130H Hercules, an American four-engine turboprop military transport aircraft. Botswana received another C-130H Hercules military transport aircraft from the United States, strengthening its airlift capability. The donation marks a significant milestone in US-Botswana bilateral relations and comes through the Excess Defence Articles (EDA) programme. Botswana previously received a C-130H in May…
A trust linked to the family that founded Famous Brands, Africa’s largest restaurant franchisor, has reduced its stake in the company after selling shares worth about $129,000 (R2.1 million), according to regulatory filings. A trust linked to Famous Brands’ founding family has sold shares worth about $129,000 (R2.1 million). The disposal represents less than 0.6%…
For decades, African countries have relied heavily on external powers to secure their borders. African nations have historically depended on foreign technology for border security and defense hardware. Terra Industries, founded in 2024, is a West African startup locally designing and manufacturing drones, surveillance towers, and ground vehicles. Over 70% of Terra’s manufacturing inputs are…
For Damilola Olokesusi, Shuttlers wasn’t born from a single idea. It grew out of years of navigating Lagos’ transport chaos, a family tragedy, and a vision for better mobility. In this edition of Meet the Founder, she shares how she built Shuttlers into a company that has raised over $5 million and completed more than…
Kenya expects a proposed oil refinery backed by Africa’s richest man, Aliko Dangote, to create about 60,000 jobs as the country pushes to establish itself as East Africa’s leading energy hub. President William Ruto says Kenya has reached an agreement with Aliko Dangote to move ahead with a proposed refinery in Lamu. The project is…
Egypt has publicly displayed its Russian-made S-300VM air-defence system for the first time, more than a decade after reports emerged that Cairo had acquired the equipment under a contract worth more than $1 billion as part of a wider $3.5 billion arms package signed with Russia in 2014. Egypt has publicly displayed its Russian-made S-300VM…
South Africa’s largest truck manufacturer, Isuzu Motors South Africa (IMSA), has warned that soaring electricity costs are placing growing pressure on the country’s manufacturing sector, urging the government to extend energy price relief to industrial users to help safeguard competitiveness. Isuzu Motors South Africa warns that soaring electricity costs threaten the competitiveness of the country’s…
Africa’s fight against corruption is showing signs of recovery after years of setbacks, with several countries strengthening oversight and accountability even as public confidence in anti-corruption efforts remains fragile. Africa’s average Anti-Corruption score improved from 38.6 in 2016 to 39.1 in 2025, marking a recent recovery after setbacks. Rwanda and Seychelles top the continent’s anti-corruption…
A.P. Moller-Maersk, the world’s second-largest container shipping company, is resuming more services through the Suez Canal after nearly three years of disruption caused by attacks on commercial vessels in the Red Sea. Maersk is resuming its Middle East-U.S. East Coast shipping service through the Suez Canal, reflecting growing confidence in the route after disruptions from…
The East African country of Ethiopia garnered $4.32 billion in foreign direct investment (FDI) for the fiscal year 2025/26, indicating that increased investor confidence continues to execute broad economic reforms. Ethiopia attracted $4.32 billion in foreign direct investment (FDI) for the fiscal year 2025/26, an 8% increase over the previous year. The investment figure may…
Economists are warning of severe macroeconomic blowback, noting that a mass departure of foreign nationals from South Africa risks crippling key labor markets and the local business ecosystems that protesters claim they want to protect. Economists warn that mass departures of foreign nationals from South Africa could cripple key labor markets and business ecosystems. Intense…
JSE-listed Optasia posted 50–60% revenue growth for the first half of 2026, driven by expansion outside Nigeria, even as the company’s oldest African market grapples with an unresolved regulatory dispute over airtime credit. Optasia reported 50–60% revenue growth for H1 2026, mainly due to expansion outside of Nigeria. Adjusted EBITDA improved by 40–50%, and the…
Russia has offered to help Mozambique combat the Islamist insurgency in Cabo Delgado, positioning itself around one of Africa’s most strategically important energy regions as the country races to revive tens of billions of dollars in liquefied natural gas (LNG) investments. Russia has offered to help Mozambique fight the Islamist insurgency in Cabo Delgado, a…
Anti-immigration demonstrations in South Africa escalated sharply on Thursday as organized groups conducted door-to-door evictions in Johannesburg, forcibly removing foreign nationals from their homes. Anti-immigration protests in South Africa have intensified, with groups forcibly evicting foreign nationals from their homes in Johannesburg. West African countries have ramped up evacuation and repatriation missions, with Ghana and…
The US-based helicopter manufacturer, MD Helicopters, recently announced the shipment of its MD-530F model to Zimbabwe. MD Helicopters has delivered its first MD-530F helicopter to an operator in Zimbabwe. The helicopter was shipped to a wildlife conservation organization after approval from the company’s Arizona facility. MD Helicopters provides turnkey delivery services including logistics and aircraft…
Soldiers under the Russian paramilitary Africa Corps in Mali suffered an attack in the northern part of the West African country, according to three security sources and a spokesperson for the armed group. Fighters with Russia’s Africa Corps suffered an attack in northern Mali, targeting a convoy of over 200 Russians and 100 Malian soldiers.…
Travel between Nigeria and the United States is entering a new phase after both countries announced separate changes to their visa systems, altering how visas are issued and processed for travellers. The U.S. has shortened most non-immigrant visa validity for Nigerians to single-entry, three-month visas, affecting new applications only. Existing U.S. visas issued to Nigerians…
The Dangote Group appears set to influence Nigeria’s downstream petroleum industry with a free petrol delivery scheme, providing bulk purchasers direct access to gasoline for ₦1,075 per litre in chosen states. Dangote Group is launching a free gasoline delivery scheme for bulk buyers at ₦1,075 per litre in select Nigerian states. The scheme targets high-volume…
The ECOWAS Bank for Investment and Development (EBID) plans to double its balance sheet to $4.4 billion over the next five years as it seeks to narrow West Africa’s estimated $36 billion annual infrastructure financing gap. EBID aims to double its balance sheet to $4.4 billion in five years to help narrow West Africa’s $36…
Tanzania has significantly boosted its gold reserves, acquiring over 28 metric tons in the last 18 months as part of a campaign to enhance foreign reserves and stabilize the country’s currency. Tanzania has increased its gold reserves by over 28 metric tons in the past 18 months to support foreign reserves and stabilize its currency.…
The South African police have refuted claims that the Nigerian man who lost his life in their custody was a victim of xenophobia. South African police denied that a Nigerian man who died in their custody was a victim of xenophobia. The Nigerian government accused South African law enforcement of xenophobic violence and threatened international…
South Africa’s plan to unlock one of the world’s largest shale gas resources has encountered a new challenge after scientists identified previously unknown fault lines beneath the Karoo Basin, raising concerns about potential seismic risks linked to future exploration. Scientists have discovered previously unknown fault lines beneath South Africa’s Karoo Basin. The Karoo Basin is…
Niger State has allocated 500 hectares of land to Abuja Steel Mills Limited, a subsidiary of Raj Gupta’s African Industries Group (AIG), for the construction of what the company says could become sub-Saharan Africa’s largest solar-powered steel manufacturing facility, alongside a new industrial park. Niger State has allocated 500 hectares of land to Abuja Steel…
Nigerian tycoon Tony Elumelu is set to leave the chairmanship of United Bank for Africa Plc after 12 years, closing a major banking chapter as a new oil and gas boardroom role comes into view. Tony Elumelu will step down as chairman of United Bank for Africa (UBA) in August 2026 after reaching the tenure…
London-listed Genel Energy has agreed to acquire Capricorn Energy in a $360 million all-cash deal, giving it a major foothold in Egypt as it seeks to reduce its reliance on oil assets in Iraq’s conflict-prone Kurdistan region. UK-listed Genel Energy has agreed to acquire Capricorn Energy in a $360 million all-cash deal. The acquisition gives…
The Democratic Republic of Congo, the source of about 70% of the world’s cobalt and the world’s second-largest copper producer, does not expect this year’s output of the critical minerals to suffer despite supply chain disruptions triggered by the recent conflict in the Middle East, a senior mining official told Reuters. DR Congo expects no…
Like the United States’ defense center, which derives its name directly from its geometric design, Egypt’s new defense center, The Octagon, is constructed based upon an eight-sided architectural concept. Egypt has inaugurated The Octagon, a new State Strategic Command Headquarters in the New Administrative Capital. The Octagon’s design features eight octagonal buildings symbolizing balance and…
Marriott International, the world’s largest hotel company, has ended its 34-year beverage partnership with PepsiCo and signed a global agreement with Coca-Cola, marking one of the biggest shifts in the long-running rivalry between the two soft drink giants. Marriott International has ended its 34-year partnership with PepsiCo and signed a global beverage agreement with Coca-Cola.…
Some of the world’s largest cobalt producers are racing to avoid losing their export quotas in the Democratic Republic of Congo after a government administrative failure prevented companies from processing shipments ahead of a key regulatory deadline. Major cobalt producers in the Democratic Republic of Congo, including Glencore and CMOC, fear losing export quotas after…
The United States has said it will stop supporting United Nations logistical assistance for the African Union peacekeeping mission in Somalia from next year, a move that could jeopardise one of Africa’s largest and longest-running security operations. The U.S. will stop backing U.N. support for the AU mission in Somalia. The decision takes effect from…
The global race to secure the minerals powering artificial intelligence, clean energy and advanced defence technologies is accelerating. Africa should be one of its biggest winners. Africa holds over a quarter of the world’s critical mineral reserves. Yet fewer than 10% of projects are moving towards production. McKinsey says the continent could unlock $40bn in…
Burkina Faso, Mali and Niger have officially begun the year-long legal process of withdrawing from the International Criminal Court (ICC), marking another significant step in the three military-led governments’ effort to distance themselves from Western-backed international institutions. Burkina Faso, Mali, and Niger have started the legal process to withdraw from the International Criminal Court (ICC),…
Tanzania has become the latest African country to join the United States’ new co-investment health model, signing a five-year $3.1 billion partnership that signals Washington’s shift from traditional foreign aid to shared financing, even as similar agreements face scrutiny over data sovereignty and access to strategic resources. Tanzania has signed a $3.1 billion five-year health…
Cameroon has removed 39 vessels from its national ship registry after an official investigation found they were fraudulently operating under the country’s flag as part of Russia’s so-called “shadow fleet,” highlighting growing international efforts to crack down on sanctions evasion in the global oil trade. Cameroon has removed 39 vessels from its ship registry after…
Africa’s third-largest gold producer , Mali has launched a new state agency to regulate its sprawling artisanal gold industry after authorities uncovered major discrepancies between the country’s officially declared gold exports and the volumes recorded by importing countries, highlighting the scale of illicit trade draining billions of dollars from one of Africa’s largest gold producers.…
The Democratic Republic of Congo (DRC) is in the process of initiating its inaugural stock exchange, as the emergence of AI is driving demand for some of the country’s most critical minerals. The Democratic Republic of Congo is launching its first stock exchange next year, featuring both the Congolese franc and the US dollar. The…
Russia recently handed over a mobile laboratory to Namibia to aid the Southern African country in early disease detection. Russia has given Namibia a mobile laboratory to help with early disease detection and strengthen the country’s biological protection. The pneumoframe mobile lab can perform over 800 tests daily and is valued at more than N$13…
The world’s largest e-commerce and online retail store, Amazon, is investing heavily in removing South Africa’s carbon credits. Amazon is investing in the removal of 1.95 million tons of carbon credits through a nature-based program in South Africa’s Eastern Cape. The initiative is backed by the World Bank’s Spekboom Outcome Bond and meets top international…
Seychelles’ tourism industry is showing fresh signs of losing momentum after powering the island nation’s economy to record growth last year, with new data revealing fewer international visitors and a sharp decline in cruise tourism as global travel headwinds begin to weigh on Africa’s richest island economy. Seychelles’ visitor arrivals fell in May and remain…
Saudi Arabia has accredited Saad Misfer Ahmed Almimoni as its ambassador to Burkina Faso, adding fresh diplomatic weight to relations between Riyadh and Ouagadougou at a time when the West African country is moving further away from France. Saudi Arabia has accredited Saad Misfer Ahmed Almimoni as its ambassador to Burkina Faso, marking a strengthened…
Africa’s richest man, Aliko Dangote, is preparing a major expansion of his industrial empire in Tanzania, with plans spanning power generation, fertiliser production, transport infrastructure, ports and a special trade zone following high-level investment talks with President Samia Suluhu Hassan in Dar es Salaam. Aliko Dangote plans a major expansion of his investments in Tanzania…
Baba Ahmadou Danpullo is making one of the boldest private infrastructure bets in African aviation, committing almost the equivalent of his entire estimated fortune to launch a new airline in a region where governments have spent decades struggling to build sustainable national carriers. Francophone Africa’s richest billionaire, Baba Ahmadou Danpullo, plans to invest 500 billion…
The United States has reduced operations at four of its diplomatic missions in South Africa as nationwide anti-illegal immigration protests, which have heightened concerns over xenophobic violence, get underway. The US has reduced operations at four diplomatic missions in South Africa due to nationwide anti-illegal immigration protests. These protests are calling for stricter immigration enforcement…
The United States’ plan, spearheaded by the country’s president, Donald Trump, to send illegal migrants to third-party countries has resulted in a lawsuit against the West African country of Ghana. The US under President Donald Trump implemented a plan to deport illegal migrants to third-party countries, leading to a lawsuit against Ghana. A legal team…
Canadian rapper Drake won more than $1 million after Canada beat South Africa in the FIFA World Cup Round of 32, ending Bafana Bafana’s historic run and adding another chapter to the musician’s record of high-stakes sports betting, four years after he lost a £837,000 wager on Argentina in the 2022 final. Drake won over…
Africa’s largest refinery has purchased crude oil from the United Arab Emirates for the first time, widening its supplier base as persistent shortages of Nigerian crude continue to complicate efforts to feed one of the world’s biggest single-train refining complexes. Dangote Refinery has bought crude oil from the UAE for the first time, marking its…
More than 50 million Africans have gained access to electricity in less than three years under a World Bank-backed initiative aimed at tackling the continent’s chronic power deficit, with Tanzania, Ethiopia and Nigeria accounting for the largest share of new connections as Africa accelerates efforts to power economic growth. More than 50 million Africans gained…
About three years after ordering 400 French special forces to leave its territory, Burkina Faso has taken its most consequential step yet in dismantling decades of French influence by formally severing diplomatic relations with France. Burkina Faso has formally severed diplomatic relations with France, ending decades of French influence. The government accused France of harboring…
A strong and stable currency might be one of the most significant assets that an African country can have. A strong and stable currency benefits African countries by lowering import costs, controlling inflation, and boosting investor confidence. Countries with strong currencies can purchase imported goods, such as petroleum and machinery, at lower prices, enhancing buying…
President Trump’s administration has escalated its campaign against the illicit mineral trade in Central Africa by sanctioning a Kigali-based gold refinery that it says sits at the heart of a sophisticated network smuggling conflict gold from the Democratic Republic of the Congo (DRC). The U.S. sanctioned Gasabo Gold Refinery in Kigali for allegedly refining and…
African economies heavily dependent on imported fuel could be set for some relief after shipping activity through the Strait of Hormuz surged to its highest level since conflict disrupted one of the world’s most important energy corridors. Shipping activity through the Strait of Hormuz has surged, with a record 78 vessels passing on June 24,…
Africa is spending billions of dollars to tackle one of its biggest barriers to economic growth, access to reliable electricity. As African countries invest billions to expand electricity access, oil producers worldwide burned an estimated $54 billion worth of natural gas in 2025, according to the World Bank. The report says the wasted gas could…
Nigeria, Libya and Algeria have been listed among the world’s biggest gas-flaring countries, raising fresh concerns over Africa’s ability to turn its oil and gas resources into power, revenue and industrial growth. Nigeria, Libya and Algeria are among the nine countries responsible for most global gas flaring. The World Bank said the top nine countries…
Africa is facing a fresh energy paradox: the world is burning off enough natural gas to match the continent’s annual consumption while millions of people still lack reliable electricity. Global gas flaring rose to 167 billion cubic metres in 2025, the highest level since 2019. The World Bank said the volume was comparable to Africa’s…
The United Arab Emirates (UAE) has introduced a new visa policy that grants visa-on-arrival access to Kenyan passport holders who possess valid residence permits issued by the United States or a member state of the European Union. The UAE has introduced visa-on-arrival access for Kenyan passport holders with valid US or EU residence permits. This…
Paramount Group, Africa’s largest private defence company, has unveiled a new light armoured vehicle with India’s Kalyani Strategic Systems Limited, as African and Asian defence manufacturers deepen partnerships to supply armed forces across emerging markets. The Simha 4×4 is designed for versatility, including roles in urban warfare, border protection, special operations, and troop transport, with…
Nigerian oil billionaire Mohammed Indimi is set to receive a dividend of about N1.44 billion ($1.05 million) after shareholders of Jaiz Bank approved a higher cash payout following another year of strong earnings growth. Oil billionaire Mohammed Indimi is entitled to a N1.44 billion ($1.05 million) dividend from Jaiz Bank after shareholders approved a higher…
Nigeria’s biggest stock market selloff this year wiped more than $1 billion from the fortune of industrialist Abdul Samad Rabiu, underscoring how sharp swings in the country’s equity market can rapidly reshape the wealth of Africa’s richest business leaders. Abdul Samad Rabiu’s fortune fell by $1.02 billion after BUA Cement shares dropped 10%. The Nigerian…
The Swiss luxury firm Richemont, controlled by Africa’s second richest man, Johann Rupert, formally inaugurated a significant extension of its leather goods production plant in Scandicci, an Italian town close to Florence, on June 23. Richemont has expanded its leather goods production plant in Scandicci, Italy, increasing the facility’s size from 5,000 to 12,000 square…
The UK-based mining company, Vedanta Resources, has taken the calculated decision to slightly divest one of its assets in an attempt to raise funds for its mining operations in Zambia. Vedanta Resources plans to sell an 11.8% stake in its U.S. division, CopperTech Metals Inc, to raise up to $429 million. Most of these funds…
For quite a number of Nigerian travellers going to other destinations today, the journey does not end at arriving at the airport. In fact, a new one begins there. Nigerian travellers increasingly face payment and connectivity challenges abroad, including card restrictions and delayed mobile data access. As international travel becomes more digital, demand is growing…
Angola’s push to strengthen its place among Africa’s major oil producers has received another boost after Azule Energy awarded a $1 billion contract to Italian contractor Saipem for work on the Greater PAJ project. Saipem has won a $1 billion contract to build offshore infrastructure for Angola’s $5.1 billion Greater PAJ oil project. The contract…
As conflict, terrorism and geopolitical tensions continue to weigh on global stability, a handful of African countries have managed to stand out as islands of peace. Global peacefulness has declined for the 15th time in 18 years, dropping by 0.7% in the last year according to the Global Peace Index 2026. Ongoing conflicts, rising geopolitical…
Libya’s House of Representatives has criticised US Vice President JD Vance after he compared the risk of Iran’s collapse to Libya’s post-2011 instability, a period that disrupted the country’s oil-dependent economy and left it divided between rival political and armed factions. Libya’s House of Representatives criticized US Vice President JD Vance for comparing Iran policy…
The Nigerian billionaire Femi Otedola recently labelled Africa’s richest man, Aliko Dangote, as a “$200 billion man in the waiting,” just days after Dangote hinted at being worth over $38 billion. Femi Otedola called Aliko Dangote a “$200 billion man in the waiting” after hosting him in Monaco. Dangote’s wealth is expected to soar due…
The 650,000-barrel-per-day Dangote Refinery, according to recent data, imported an estimated 1.46 billion litres of intermediates and gasoline blendstock. The Dangote Refinery imported 1.46 billion litres of intermediates and gasoline blendstock between January and May. Despite increased crude oil access, the refinery continues to rely on imported intermediates to maintain and optimize gasoline output. Average…
Kenya is reviving a $1.2 billion expansion of Nairobi’s main airport, months after abandoning a controversial Adani-linked deal that had triggered public anger, legal scrutiny and political pressure. Kenya has appointed AFC and TDB to arrange financing for a $1.2 billion upgrade of Jomo Kenyatta International Airport. The project comes after Kenya cancelled a proposed…
Ireland has deported 42 South African nationals who were living illegally in the country, at an initial cost of €735,000 ($853,000), as South Africa faces renewed debate over migration, xenophobia and the presence of undocumented foreign nationals. Ireland deported 42 South African nationals living illegally in the country, at an initial cost of €735,000. Deportation…
Kenya’s plan to modernize its main international airport has evolved into one of the country’s most controversial infrastructure projects, drawing in Indian billionaire Gautam Adani, Zimbabwean businessman Wicknell Chivayo, Chinese contractors, labor unions, courts and senior government officials. Kenya’s plan to expand Nairobi’s Jomo Kenyatta International Airport has become a highly controversial project involving multiple…
Aliko Dangote, Africa’s richest man, has stated that his true worth may be substantially higher than the figures currently published by global wealth trackers, noting that some of his most valuable firms are privately held. Aliko Dangote claims his real net worth is much higher than global wealth trackers estimate, as many of his valuable…
Africa’s uranium industry is becoming a strategic front in the global race for nuclear fuel, as rising reactor demand, supply-security concerns and resource nationalism draw fresh attention to the continent’s reserves. Africa is becoming increasingly significant in the global uranium industry due to growing nuclear reactor demand and geopolitical interest in nuclear fuel supply. Namibia,…
The European Parliament has called on the European Commission to withdraw its proposed €156 million (about $179 million) funding package for Tanzania, escalating tensions between Brussels and Dar es Salaam over allegations of electoral fraud and human rights violations. The EU has urged the European Commission to withdraw €156 million in proposed funding for Tanzania.…
Ukraine is deepening its engagement with Africa by combining food security diplomacy with technology partnerships, as Kyiv seeks to convert its “Grain from Ukraine” initiative into a broader platform for long-term economic cooperation across the continent. Ukraine is shifting its ‘Grain from Ukraine’ initiative from humanitarian aid to a platform for long-term economic cooperation in…
Toyota Motor Corp. shareholders have backed Akio Toyoda’s continued grip on the world’s top-selling automaker, re-electing the founding-family heir as chairman as the company pursues a $33 billion supplier buyout and leans on resilient sales in Africa. Akio Toyoda was re-elected as chairman of Toyota, reinforcing the founding family’s influence as the company pursues a…
Zimbabwe has licensed a second gold refinery as it moves to expand its processing capacity amid rising output of the precious metal and growing pressure on its existing infrastructure. Zimbabwe has approved a second gold refinery in Bulawayo to expand processing capacity as gold output rises. The current state-owned facility, Fidelity Gold Refinery, may soon…
Libya’s push to reclaim its position as one of Africa’s leading oil producers gained fresh momentum after the country reported encouraging production rates from a newly drilled well in the Al-Khair oilfield. Libya has reported strong production rates from a newly drilled well at the Al-Khair oilfield. The development comes as the country pushes to…
The United Kingdom has imposed new sanctions targeting a Nigeria-linked entity accused of being part of a wider financial network used to support Russia’s war effort and bypass Western restrictions. The UK has imposed new sanctions targeting a Nigeria-linked entity accused of supporting Russia’s financial networks. These actions are part of a broader G7 package…
Kenya is close to signing a critical minerals agreement with the United States that would allow rare earths and other strategic minerals to be processed domestically, marking a significant step in the country’s efforts to capture more value from its natural resources. Kenya is nearing a critical minerals agreement with the United States. The proposed…
Morocco’s fuel-price debate has become bigger than petrol stations. It is now a test of power, privilege and who pays when an import-dependent economy is exposed to global energy shocks. Morocco’s parliament has rejected proposals to cap fuel prices and nationalise the Samir refinery. But the debate has revived scrutiny of Prime Minister Aziz Akhannouch,…
Controversial Zimbabwean businessman Wicknell Chivayo, who maintains close ties to Kenyan President William Ruto, has secured a stake in the $2.9 billion expansion of Jomo Kenyatta International Airport (JKIA). Zimbabwean businessman Wicknell Chivayo, connected to Kenya’s President William Ruto, has obtained a stake in the $2.9 billion expansion of Nairobi’s Jomo Kenyatta International Airport. Chivayo’s…
Bombardier has confirmed that a private jet owned by Africa’s third-richest man, Abdulsamad Rabiu, is the first delivery of its flagship Bombardier Global 8000 on the continent, marking a milestone for Africa’s private aviation market. Abdulsamad Rabiu, Africa’s third-richest man, has acquired the continent’s first Bombardier Global 8000, a state-of-the-art long-range business jet. The Bombardier…
Morocco has secured a place among the world’s largest silver-producing nations, standing out as the only African country on a new global ranking of top silver producers compiled by Visual Capitalist. Morocco is now one of the world’s largest silver producers and the only African country in the top global ranking by Visual Capitalist. The…
The global shipping industry has spent nearly two years rerouting vessels around Africa as attacks in the Red Sea disrupt one of the world’s most important trade corridors. Yet South Africa, the country best positioned to benefit from the shift, is struggling to seize the opportunity. Cape Town has been ranked the world’s worst-performing container…
Behind every salary payment, ATM withdrawal, online purchase and stock market trade in South Africa sits a financial system that most people never see. South Africa’s SAMOS payments platform processes about R584 billion ($32.4 billion) daily. Roughly 90% of transaction value is settled in real time, reducing risks in the banking system. The Reserve Bank…
Millions of dollars are moving into and out of Nigeria through smartphones, digital wallets, and dollar-backed crypto assets, creating a new challenge for Africa’s most populous economy. Nigeria received about $59 billion in crypto inflows between July 2023 and June 2024, according to IMF-cited data. Stablecoins have become a major tool for remittances, trade payments…
Israel has imposed sweeping travel restrictions on foreign nationals from five African countries following concerns over the spread of Ebola, drawing a sharp protest from Kenya, which says it has not recorded a single case of the disease. Israel has imposed strict travel restrictions on foreign nationals from five African countries due to Ebola concerns.…
According to recent industry data quoted by S&P Global, the Dangote Oil Refinery’s rapid production is drastically altering fuel trade patterns throughout West Africa, causing a sharp decline in imported clean refined fuel. The Dangote Oil Refinery in Nigeria has rapidly increased production, significantly reducing West Africa’s need for imported refined petroleum products. West Africa’s…
Indian textile manufacturer Prestige Denim Mills plans to invest $20 million in a denim production facility in Egypt, adding to a wave of foreign textile projects in Africa’s second-largest economy. Prestige Denim Mills from India will invest $20 million in a denim production facility in Egypt’s West Qantara Industrial Zone, marking the first Indian investment…
Canada has joined the United States in blocking African participants from the 2026 FIFA World Cup after denying Ghana midfielder Thomas Partey a visa, a decision that has triggered a diplomatic protest from Accra and renewed concerns over cross-border travel during the tournament. Canada denied Ghanaian midfielder Thomas Partey a visa, preventing him from playing…
Australia has joined the United States and the United Kingdom in warning citizens travelling to South Africa about elevated security risks, citing violent crime, public unrest, and growing concerns linked to anti-immigration protests. Australia has joined the US and UK in warning about increased security risks for travellers to South Africa due to violent crime…
South Africa will begin charging foreign governments for the cost of deporting their nationals who violate immigration laws, in a policy shift signaling a tougher stance on undocumented migration and mirroring hardline approaches seen in the United States under President Donald Trump. South Africa plans to charge foreign governments for the costs associated with deporting…
Family Bank will begin trading on the Nairobi Securities Exchange (NSE) on June 23 after receiving approval from Kenya’s Capital Markets Authority (CMA), marking the culmination of a decades-long journey from a small building society into one of the country’s largest mid-tier lenders. Family Bank will begin trading on the Nairobi Securities Exchange on June…
Wesizwe Platinum has resumed trading on the Johannesburg Stock Exchange (JSE) after a year-long suspension, but the return to the market comes as the Chinese-backed miner pushes ahead with a restructuring plan that could affect nearly 500 workers and reshape the future of its flagship Bakubung mine. Wesizwe Platinum has resumed trading on the JSE…
Nigeria’s Senate has ordered the arrest of former state oil company chief Mele Kyari, who is said to be receiving medical treatment in Germany, after he repeatedly failed to appear before lawmakers investigating ₦210 trillion, about $154 billion, in disputed financial entries at the Nigerian National Petroleum Company. Nigeria’s Senate has ordered the arrest of…
Kenya has selected a Chinese construction giant to carry out a $2.9 billion expansion of its main international airport, two years after a previously proposed 30-year concession deal with billionaire Gautam Adani‘s company was cancelled. Kenya has chosen China Communications Construction Co. to carry out a $2.9 billion upgrade of Nairobi’s Jomo Kenyatta International Airport.…
South African billionaire Johann Rupert has secured approval for one of the country’s biggest healthcare transactions in recent years, strengthening his control over a network of 50 hospitals and nearly 9,000 beds as debates intensify over the future of private healthcare under the government’s National Health Insurance (NHI) plans. South Africa’s Competition Tribunal has approved…
Egyptian billionaire Naguib Sawiris is preparing to expand his presence in Greece’s luxury tourism market with a new five-star resort in Mykonos, expected to open in May 2027. Egyptian billionaire Naguib Sawiris is developing a five-star resort in Mykonos, set to open in May 2027. The project, worth over €100 million, targets the high-end international…
China’s Hengli Petrochemical has purchased at least 2 million barrels of West African crude as the privately owned refiner seeks to distance itself from sanctioned oil supplies and improve its chances of being removed from a U.S. blacklist. China’s Hengli Petrochemical bought at least 2 million barrels of West African crude as it improves chances…
After years of debt distress, currency crises and investor flight triggered by the COVID-19 pandemic and rising global interest rates, several African economies are beginning to regain the attention of international investors. Foreign investors are showing renewed interest in several African economies after years of market turbulence. Reforms in countries including Nigeria, Ghana, Egypt and…
Exploration work at Namibia’s Uis Project in the Erongo Region has returned new results pointing to a broad zone of mineralisation at the K9 pegmatite target, reinforcing the site’s growing importance in the country’s critical minerals sector. Exploration at Namibia’s Uis Project has identified a broad mineralised zone at the K9 pegmatite. Trenching revealed high-value…
The Trump administration says it has dismantled organised birth tourism networks spanning Africa and Europe, revoking hundreds of visas as Washington intensifies efforts to curb what it considers abuse of America’s birthright citizenship system. The Trump administration says it has dismantled birth tourism networks across Africa and Europe, revoking hundreds of visas. U.S. officials claim…
Nigeria’s Dangote refinery has reduced operating rates at its main gasoline-producing unit by 34% since May 21, raising concerns about fuel supply and export volumes at a time when global oil markets are already under pressure. Africa’s largest refinery has reduced operating rates at its key petrol-producing unit by 34% since May 21. The affected…
When Africa’s largest airline appears unwilling to accept a country’s currency, the problem usually extends far beyond aviation. Ethiopian Airlines has come under criticism following reports that it stopped accepting Sudanese pounds for ticket purchases in Port Sudan. The dispute comes as the Sudanese pound trades around 4,000-4,100 per dollar on the parallel market amid…
Europe’s quest for new energy supplies is breathing fresh life into two of Africa’s most ambitious gas infrastructure projects, with a combined value of roughly $38 billion. Europe is showing renewed interest in the Nigeria-Morocco Atlantic Gas Pipeline and the Trans-Saharan Gas Pipeline, worth a combined $38 billion. These pipelines could significantly transform Africa’s role…
Jim Ovia, the founder of Zenith Bank, is expanding his footprint in Nigeria’s luxury real estate market, betting that high-end property offers stronger returns than traditional banking investments. Jim Ovia, founder of Zenith Bank, is investing heavily in Nigeria’s luxury real estate market, seeing it as more profitable than traditional banking. His company, Quantum Luxury…
The International Monetary Fund (IMF) has raised concerns over Nigeria’s proposed $5 billion borrowing arrangement with First Abu Dhabi Bank, warning that such financial structures may be opaque, complex and difficult to fully assess in terms of risk exposure. The IMF expressed concerns over Nigeria’s proposed $5 billion borrowing from First Abu Dhabi Bank. The…
Rwanda has secured official approval for a new $250 million financing package from the International Monetary Fund (IMF), providing a critical buffer for one of Africa’s fastest-growing economies as rising global uncertainty and the ongoing conflict in the Middle East threaten to slow growth and fuel inflation. Rwanda has secured a $250 million, 38-month IMF…
Tanzania is seeking more than $2 billion in Russian investment and business deals over the next three to five years as East Africa’s second-largest economy deepens ties with Moscow following a diplomatic fallout with the United States and European Union. Tanzania is seeking over $2 billion in Russian investments and business deals within the next…
Italian energy major Eni has entered Gambia’s upstream oil and gas sector for the first time after securing an offshore exploration licence in a move that expands its footprint across one of Africa’s fastest-growing energy regions. Italian energy giant Eni has entered Gambia’s oil and gas sector after securing an offshore exploration licence for the…
The United Arab Emirates (UAE) has introduced emergency visa and travel restrictions targeting three African nations as authorities seek to contain the impact of an intensifying Ebola crisis. The UAE has imposed emergency travel restrictions on the DRC, Uganda, and South Sudan due to an Ebola outbreak. All new visas for citizens of these countries…
Africa’s five most militarised economies spent more than $33 billion on defence in 2025, highlighting how a small group of countries continues to dominate the continent’s military expenditure amid persistent security pressures. Africa’s five most militarised economies spent over $33 billion on defence in 2025, dominating the continent’s military expenditure. These countries’ military spending is…
Fifteen years after NATO’s intervention plunged Libya into prolonged instability, North Africa is witnessing a new military build-up led by Algeria and Morocco, which spent a combined $31.7 billion on defence in 2025 as they expanded rival fighter-jet programmes backed by Russia and the United States. Algeria and Morocco significantly increased their military spending in…
Sub-Saharan Africa has the largest informal workforce in the world, with nearly 88% of workers operating outside the formal economy, a trend that is weakening government finances, limiting economic growth, and making it harder for countries to improve their creditworthiness, according to Moody’s Ratings. Nearly nine out of every 10 workers in Sub-Saharan Africa are…
Millions of Nigerians are working, but many remain trapped in low-paying informal jobs that earn only a fraction of what formal employees take home, according to a new report by Moody’s Ratings. Nigerian informal workers earn nine times less than workers in the formal sector, according to Moody’s Ratings. The report exposes a major wage…
South Africa is mounting a formal challenge to a new U.S. tariff proposal that could further strain trade ties between Africa’s most industrialized economy and one of its most important export markets. South Africa is formally challenging a new U.S. tariff proposal to protect its key export sectors from further strain. The U.S. recently imposed…
South Africa has agreed to reopen its market to Kenyan tea, coffee and spices, marking the end of a trade dispute that had strained economic relations between two of Africa’s largest economies. South Africa has agreed to reopen its market to Kenyan tea, coffee, and spices, ending a significant trade dispute. The dispute resulted from…
For decades, Africa’s vast informal economy has been one of the continent’s most persistent development challenges, limiting tax collection, weakening productivity, and keeping millions of workers and businesses outside the formal financial system. Rwanda, Benin, Tanzania, and Côte d’Ivoire are among Africa’s strongest performers in reducing informality, according to Moody’s. The ratings agency says countries…
South African billionaire Johann Rupert built his fortune selling luxury goods to some of the world’s wealthiest consumers. Johann Rupert’s Reinet Investments bought a €22 million stake in the world’s largest gold ETF in 2015. The position is now worth about €80 million after gold’s historic rally. Gold prices have climbed from around $1,100 per…
According to billionaire investor Naguib Sawiris, Egypt’s vast mineral wealth is being squandered due to illicit mining operations, which are weakening investment and preventing the country from fully benefiting from its tremendous natural resources. Naguib Sawiris, Egypt’s richest man, criticized the widespread illegal mining in Egypt, claiming it squanders the nation’s mineral wealth. He attributed…
One of Nigeria’s most closely watched corporate battles took a dramatic turn this week after the Supreme Court overturned orders that froze the assets of Nestoil Limited and Neconde Energy, handing a significant victory to oil entrepreneur Ernest Azudialu-Obiejesi in a dispute involving more than $1.1 billion in alleged debt. Nigeria’s Supreme Court has overturned…
Mozambique has enacted sweeping new mining legislation requiring the state to hold a minimum 15% stake in all mining projects, as the resource-rich southern African nation seeks to capture a larger share of the value generated by its vast mineral wealth. Mozambique has enacted new mining laws requiring a minimum 15% state stake in all…
The French journalist, Christophe Gleizes, detained in Algeria back in 2024, on terror charges, maybe elibgible for a presidential pardon. French journalist Christophe Gleizes, detained in Algeria on terror charges, may now be eligible for a presidential pardon. Algeria’s top appeals court rejected calls for a harsher sentence, making the prospect of a pardon viable.…
Flights numbering around 20 have arrived in Kenya, despite tensions concerning the US’s plans to establish a quarantine base in the East African country. Around 20 flights carrying medical equipment and specialist staff have arrived in Kenya, amid controversy over Washington’s plan to establish a US quarantine base for Ebola exposure. At least six military…
Ethiopia is setting its sights on becoming a regional construction powerhouse, unveiling an ambitious plan to increase the share of domestic contractors capable of competing for international projects from 33% to 80% over the next decade. Ethiopia plans to increase domestic contractors’ share in international project bids from 33% to 80% within ten years. The…
South Africa has resumed large-scale maize exports as the country moves closer to what could become the biggest maize harvest in its history, a development that could strengthen food security and grain supplies across parts of Africa. South Africa has resumed large-scale maize exports amid forecasts of its biggest-ever harvest. The expected 17.064 million-tonne crop…
Art and culture are becoming some of the biggest drivers of tourism, identity, and global influence for cities worldwide. From world-class museums and contemporary art fairs to music festivals and creative districts, African cities are increasingly competing not just on economic strength but on cultural appeal. Cape Town, Marrakech, and Cairo have been named among…
A $4 billion Chinese deal targeting a gold mining company in Mali is facing growing uncertainty as regulators in Beijing raise concerns over valuation and geopolitical risk. Chinese regulators are questioning a $4 billion acquisition of Mali-based gold miner Allied Gold by Zijin Gold International due to concerns over valuation and political risk. China’s National…
At a time when parts of the global luxury industry are grappling with weaker demand in China and cautious consumer spending, the company behind Cartier is moving in the opposite direction. Richemont is approaching a $123 billion valuation after more than doubling in value over the past five years. The Cartier owner is outperforming parts…
Spiro, widely regarded as Africa’s largest electric mobility company, has raised $215 million in a new investment round as it accelerates its expansion across the continent and moves closer to unicorn status. Spiro, Africa’s largest electric mobility company, has raised $215 million in new funding, bringing it closer to unicorn status. The investment will help…
The global aviation fuel market could be reshaped after Russia suspended jet fuel exports through November, creating a supply gap that could help Nigeria’s Dangote Refinery expand sales and strengthen its position in the market. Russia has suspended jet fuel exports through November, creating a significant supply gap in the global aviation fuel market. Nigeria’s…
The United Arab Emirates has emerged as Zimbabwe’s largest export destination, overtaking South Africa in a major shift that underscores the growing economic ties between Harare and the Gulf state. The United Arab Emirates has overtaken South Africa as Zimbabwe’s largest export destination, marking a significant shift in the country’s trade landscape. UAE-bound exports accounted…
The United States has secured long-term access to one of the world’s largest untapped rare earth deposits, a move that could reduce its future dependence on mineral-rich African nations as Washington races to build a critical minerals supply chain independent of China. The United States secured a 15-year deal to access rare earths from Greenland’s…
Aliko Dangote is positioning his petroleum refinery to expand its crude processing flexibility from around 40 crude types to as many as 130 different crude grades. Dangote’s refinery aims to increase its crude processing capability from 40 to 130 different crude grades. This expansion will double the refinery’s output to 1.4 million barrels per day,…
One of Africa’s largest industrial manufacturing economies, South Africa, saw its producer inflation soar by a margin not experienced in over a decade. South Africa’s producer inflation jumped to 3% in April, a 172.7% increase from the previous month, driven by higher fertilizer and energy costs. The surge was primarily due to disruptions in global…
Burkina Faso’s military government under Captain Ibrahim Traoré has suspended the country’s largest student union, deepening concerns over shrinking civic freedoms as authorities intensify efforts to silence dissent amid a worsening security crisis. Burkina Faso’s military government has suspended the country’s largest student union, UGEB, for three months, with possible renewal. The suspension was justified…
South Africa has ranked among the world’s 30 largest food exporters, underscoring the country’s growing influence in global agricultural trade. South Africa is now among the world’s 30 largest food exporters, indicating its rising role in global agriculture. In 2024, South Africa exported $13.6 billion in agricultural products, making up about 0.9% of global agricultural…
Ethiopia has launched a national electric mobility roadmap aimed at transforming its transport sector, reducing emissions, and building a domestic clean-technology industry over the next five years. Ethiopia has unveiled its National Electric Mobility Strategy and Implementation Plan for 2025–2030. The roadmap seeks to accelerate electric vehicle adoption through infrastructure investment, policy reforms, and private-sector…
Burkina Faso is a step closer to securing nearly $105 million in fresh financing from the International Monetary Fund (IMF) after reaching a staff-level agreement with the lender following a review of its economic reform programme. Burkina Faso is on track to receive approximately $104.89 million from the IMF following a staff-level agreement reached after…
The United States has pledged $13.5 million to Kenya’s Ebola preparedness efforts following talks between U.S. Secretary of State Marco Rubio and President William Ruto, with both leaders agreeing to deepen coordination on outbreak response and regional containment measures. The United States pledged $13.5 million to support Kenya’s Ebola preparedness after discussions between Secretary Marco…
According to the Economist Intelligence Unit (EIU), Nigeria’s reliance on imported fuel has been significantly mitigated by the oil refinery owned by Africa’s richest man, Aliko Dangote. The Dangote Petroleum Refinery has drastically reduced Nigeria’s reliance on imported fuel, nearly meeting the country’s entire fuel demand. Nigeria’s domestic refining growth is relieving pressure on the…
Nigeria’s telecom subscribers spent an estimated N9 trillion, about $5.67 billion at current exchange rates, on airtime and data services in 2025, as rising internet consumption and tariff increases boosted revenues for the country’s largest operators. Nigerians spent an estimated $5.67 billion on airtime and data services in 2025, boosting revenues for major telecom operators.…
Zimbabwe’s gold industry is showing renewed strength in 2026, with bullion deliveries surpassing 12,600 kilogrammes in the first four months of the year as global demand and rising output from large-scale miners continue to boost the sector. Zimbabwe’s gold industry delivered more than 12,600 kilogrammes of bullion between January and April 2026, driven by stronger…
Kenya is considering contracting Turkish energy firm Karpowership, the world’s largest provider of ship-mounted power plants, to help meet rising electricity demand and ease power shortages. Kenya is in talks with Turkish firm Karpowership to deploy floating power plants and meet rising electricity demand. Negotiations are focused on rapidly increasing the power supply by installing…
Kenya is set to become a key part of the United States’ Ebola containment strategy as the Trump administration plans to establish a quarantine and treatment facility in the East African nation for American citizens exposed to the virus. The US plans to establish a quarantine and treatment facility for Ebola-exposed American citizens in Kenya,…
A Russian official recently came out to reveal that Algeria is one of the three countries on the globe with the strongest defense ties to the Kremlin. Algeria is recognized as one of Russia’s top three military-technical partners, alongside China and India. Russia maintains strong defense ties with several African and Middle Eastern countries, including…
More than a decade after leaving India for Africa, Deepankar Rustagi turned an initial $50,000 and later about $300,000 from family and friends into a $120 million retail supply chain platform after discovering that millions of small retailers across the continent were still invisible to the digital economy. Deepankar Rustagi transformed an initial $300,000 into…
South Africa’s president, Cyril Ramaphosa, has officially pushed back against a $4 million theft scandal dubbed Farmgate. President Cyril Ramaphosa is challenging a report linking him to a $4 million theft scandal known as Farmgate. Ramaphosa claims the allegations are based on rumors and has filed a legal challenge to set them aside. The Farmgate…
Africa has secured nearly $500 million in emergency pledges as health officials warn that a fast-spreading Ebola outbreak linked to a rare virus strain is beginning to outpace containment efforts across Central Africa. Africa has secured nearly $500 million in emergency pledges to combat the fast-spreading Bundibugyo Ebola outbreak in Central Africa. The rare Ebola…
Ghana has signalled that it will not automatically renew the mining lease for South Africa’s Gold Fields Tarkwa mine as the agreement approaches its 2027 expiry, marking a shift toward stricter oversight of long-term mining concessions in the country. Ghana will review Gold Fields’ mining lease under stricter conditions, as the current lease nears expiry…
Five African countries rank among the world’s top 10 borrowers from the World Bank’s concessional lending arm, collectively accounting for $67.8 billion in outstanding debt, according to new data on global exposure patterns. Five African countries are among the world’s top 10 borrowers from the World Bank’s concessional lending arm (IDA), together owing $67.8 billion.…
The African Development Bank opened its annual meeting in Brazzaville on Monday under the shadow of two crises that are rattling Africa at the same time: a worsening Ebola outbreak in central Africa and rising economic pressure linked to the Iran war. African leaders and financiers gathered in Brazzaville as Ebola fears and rising fuel…
As South Africa’s political succession debate intensifies ahead of President Cyril Ramaphosa’s expected exit in 2029, billionaire businessman Tokyo Sexwale is increasingly being linked to conversations about the country’s future leadership and political direction. Tokyo Sexwale, a billionaire and former anti-apartheid activist, has been linked to the ANC succession debate ahead of the party’s 2027…
The luxury goods group Richemont, led by South African billionaire Johann Rupert, has reported a strong increase in sales for the financial year. Richemont achieved strong sales growth, with revenue rising 11% to €22.4 billion despite global trade tensions and economic headwinds. The group’s core jewelry brands, Cartier and Van Cleef & Arpels, drove a…
South Africa’s commercial capital and Africa’s richest city, Johannesburg, is facing rising pressure over its worsening financial troubles after civil society group Public Interest SA threatened legal action against the city administration over what it described as a deepening governance and debt crisis. Public Interest SA has threatened legal action against the City of Johannesburg…
The Democratic Republic of Congo has imposed a sweeping three-month suspension of mining activities in parts of South Kivu province, targeting operations in two key territories as authorities move to tighten control over the country’s strategic mineral supply chain. The DRC has imposed a three-month suspension of mining activities in parts of South Kivu, targeting…
Iran has moved to formalise its control over the Strait of Hormuz, one of the world’s most important maritime chokepoints, by launching a new authority that now requires vessels to seek clearance and potentially pay millions of dollars before crossing the strategic waterway. Iran has established the Persian Gulf Strait Authority (PGSA) to control and…
Tanzania could be edging closer to becoming a significant player in Africa’s growing critical minerals industry following the discovery of rare earth element deposits in the country’s southern highlands. Tanzania has discovered rare earth element deposits containing Neodymium and Praseodymium in its southern highlands. These minerals are critical for technologies like electric vehicles, wind turbines,…
Nigeria may soon hand majority control of two of its most strategic oil assets to Chinese investors as the Nigerian National Petroleum Company Limited pushes a new plan to revive the country’s troubled refineries after years of failed rehabilitation efforts. NNPC is considering an NLNG-style partnership that could hand Chinese investors a 51% stake in…
Egyptian billionaire Hisham Talaat Moustafa is making a major push into the Middle East’s fast-growing entertainment industry through a new partnership with Saudi Arabia’s Sela, as Gulf money increasingly reshapes tourism, culture and consumer spending across the region. Egyptian billionaire Hisham Talaat Moustafa has partnered Saudi Arabia’s Sela to launch a major entertainment and live…
General Dagvin Anderson of the United States Air Force (USAF) has outlined a bleak viewpoint on the state of security across Africa. General Dagvin Anderson highlighted worsening security in Africa due to growing terrorist networks and bad actors. Africa’s strategic significance was emphasized, both as a global commerce hub and a key supplier of critical…
Australian mining company Midas Minerals has reported another round of high-grade copper and silver drill results from its Otavi Copper Project in Namibia, strengthening investor expectations that the southern African country could be home to one of the region’s more significant undeveloped copper discoveries. Australian miner Midas Minerals has announced another round of high-grade copper…
A newly confirmed rare earth elements (REEs) discovery in Mkiu Village, Ludewa District, Njombe Region, Tanzania, is adding fresh momentum to Africa’s bid to become a critical supplier of strategic minerals key to the global clean-energy transition. A significant rare earth elements (REEs) discovery in Mkiu Village, Tanzania, could make the country a major player…
Africa’s worsening electricity shortages and rising energy costs are driving a massive surge in demand for Chinese solar equipment, strengthening Beijing’s grip on one of the world’s fastest-growing renewable energy markets. China’s solar exports to Africa jumped 83% in April as countries accelerated efforts to tackle electricity shortages and rising energy costs. South Africa and…
The Nigerian billionaire, Abdulsamad Rabiu, is quickly approaching a historic financial milestone, as Nigeria’s second-richest man and Africa’s second-richest individual currently has a net worth of $19.7 billion, according to the Bloomberg Billionaires Index. Abdulsamad Rabiu, Nigeria’s second-richest man, now holds a net worth of $19.7 billion according to Bloomberg. Rabiu’s fortune has increased by…
China has unveiled its first stealth fighter built specifically for export, a development that could widen fifth-generation fighter jet options for African countries beyond America’s Lockheed Martin F-35 Lightning II and Russia’s Sukhoi Su-57. China has unveiled the J-35AE, its first export-oriented stealth fighter, aiming to rival the US F-35 and Russian Su-57 in global…
The growing wave of military coups across West Africa may no longer be something the Economic Community of West African States (ECOWAS) can easily stop, according to one of the bloc’s top security officials, who says global power shifts have dramatically weakened the regional body’s influence. ECOWAS says shifting global power dynamics are making it…
South Sudan has been barred by a London court from entering into new oil-backed prepayment deals until it settles outstanding obligations to commodities trading house BB Energy. A London court has barred South Sudan from entering new oil-backed prepayment deals until it settles debts owed to BB Energy. The legal dispute centers on South Sudan’s…
Togo has joined a growing group of African nations opening their borders to unrestricted continental travel, becoming the sixth African country to grant visa-free entry to all holders of African passports in a major push toward regional integration and freer movement across the continent. Togo has become the sixth African country to allow visa-free entry…
Fifteen years ago, William Tewiah was building a fuel supply business focused largely on servicing mining firms in Ghana’s Western Region. Today, he sits atop the Ghana Stock Exchange as the owner of the largest individual equity stake ever recorded on the country’s public market. William Tewiah has become the largest individual shareholder in Ghana…
Anglo American, the mining group founded by South African billionaire Ernest Oppenheimer, said on Monday it would sell its Australian steelmaking coal business for up to $3.88 billion as the company deepens a sweeping overhaul aimed at focusing on copper and iron ore. This sale is part of a broader restructuring strategy focusing on copper…
The Ghana Police Service has launched a major new initiative to improve its intelligence-led policing capabilities through a specialized training program run in collaboration with the United States’ Federal Bureau of Investigation (FBI). The Ghana Police Service has started a new intelligence-led policing initiative in partnership with the FBI. FBI instructors are currently training Ghanaian…
Germany has overtaken the United States as South Africa’s second-largest bilateral trade partner following the implementation of tariffs introduced under US President Donald Trump, according to new data from the South African Reserve Bank. Germany has overtaken the US as South Africa’s second-largest bilateral trade partner after new American tariffs disrupted export flows. South Africa’s…
Yoweri Museveni has thrown his support behind a proposed East African regional refinery project following talks with Aliko Dangote, signaling growing momentum for deeper energy cooperation and industrial integration across the region. Ugandan President Yoweri Museveni backed a proposed East African regional oil refinery after meeting with Nigerian billionaire Aliko Dangote. Museveni emphasized adding value…
Ghana has retained its position as Africa’s fourth-largest debtor to the International Monetary Fund, with its obligations to the lender rising to 2.72 billion Special Drawing Rights, equivalent to about $3.74 billion at current IMF exchange rates. Ghana has retained its position as Africa’s fourth-largest debtor to the IMF, with its obligations rising to about…
Nigeria’s President, Bola Ahmed Tinubu, has said the country is on track to attract nearly $20 billion in foreign direct investment (FDI) in 2026, as Africa’s largest economy seeks to position itself as a manufacturing and energy hub following a series of economic reforms. Nigeria says it is on track to attract nearly $20 billion…
High fuel prices remain one of the most economically disruptive issues confronting many African countries today. Global fuel prices edged higher month-on-month, rising from an average of $1.48 to $1.51 per liter worldwide. Malawi and Zimbabwe saw a decline in fuel prices, contrasting with the broader upward trend in global fuel costs. Rwanda, the Central…
Dangote Petroleum Refinery has filed a fresh lawsuit against the Federal Government of Nigeria and the country’s downstream regulator in a renewed effort to challenge fuel import licences issued to marketers and the state-owned Nigerian National Petroleum Company. Dangote Petroleum Refinery has filed a new lawsuit against the Nigerian government and regulators, challenging the issuance…
Uganda has granted an operating licence to Starlink, the satellite internet company owned by Elon Musk, marking the company’s entry into another East African market after months of regulatory uncertainty. Uganda has granted Starlink an operating licence, allowing the company to begin providing satellite internet services in the country. The licence was officially signed after…
Zambia seeks to expand its equity in domestic mining assets, reflecting a broader pan-African trend toward the localization of mine ownership. Zambia aims to increase its equity in domestic mining assets as part of a wider trend towards local ownership in Africa. Recent moves include raising equity in Lubambe Copper Mines from 20% to 30%…
World Cup supporters from five African nations have received partial relief after the United States confirmed it will waive a visa deposit requirement for eligible ticket holders travelling to the 2026 FIFA World Cup though strict conditions still apply. The US has waived the visa deposit requirement for World Cup ticket holders from Algeria, Cape…
Indian billionaire Ravi Jaipuria is accelerating his expansion across Africa after opening a $40 million snacks, juice, and dairy manufacturing complex in Zimbabwe, deepening his footprint in one of the continent’s fastest-growing consumer markets. Indian billionaire Ravi Jaipuria is rapidly expanding his investment in Africa, notably with a $40 million snacks, juice, and dairy complex…
Nearly 20 million people in Sudan are facing acute hunger as civil war, collapsing infrastructure and worsening insecurity push the country deeper into one of the world’s gravest humanitarian disasters. Sudan’s worsening civil war has pushed nearly 20 million people into acute hunger, with famine risks rising across Darfur and Kordofan. Aid groups warn that…
Kenya has raised fuel prices for the second straight month, pushing diesel to a record high and worsening pressure on households and businesses already battling rising living costs. Kenya has raised diesel prices to a record Sh242.92 per litre, marking its second major fuel increase in weeks amid global oil supply fears. The sharp rise…
Mining-focused private equity firm Appian Capital Advisory has acquired a major copper project in Namibia. Appian Capital Advisory has acquired a 95% stake in the Omitiomire copper project in Namibia, aiming to start production within three years. The firm plans to invest over $400 million in developing the mine, though the purchase price was not…
A low Climate Index in African cities, as calculated by Numbeo, indicates environments that are frequently less comfortable in terms of temperature, humidity, and vulnerability to harsh weather conditions. A low Climate Index in African cities means frequent discomfort due to harsh temperatures, humidity, or extreme weather, impacting daily life and urban planning. African cities…
Nigerian businessman and philanthropist Tony Elumelu has urged African countries to move past what he described as a “victim mentality” tied to colonial history and instead embrace foreign investment from across the world to drive economic growth. Tony Elumelu has called on African countries to move beyond colonial grievances and embrace foreign investment from all…
African leaders and France used the 2026 Africa Forward Summit in Nairobi to outline a broad economic agenda that stretches far beyond traditional aid and diplomatic ties. African and French leaders have identified seven major sectors expected to drive the next phase of economic cooperation and investment. Key focus areas include renewable energy, artificial intelligence,…
Africa loses an estimated $89 billion annually to illicit financial flows, with experts warning that weak tax systems, profit shifting and opaque financial practices continue to drain resources needed for development across the continent. Africa loses an estimated $89 billion every year to illicit financial flows driven largely by tax evasion, profit shifting and trade…
Nigeria’s stock market extended its strong rally on Monday, with banking and industrial shares helping lift the benchmark index by 2.33% in a high-volume trading session. Nigeria’s stock market extended its record rally on Monday, with the NGX All-Share Index rising 2.33%. Banking and industrial stocks led gains as trading volumes and turnover surged sharply…
Estonian ride-hailing company Bolt has increased ride fares in Kenya by 6 per cent, becoming one of the first major platforms in the country to formally shift part of the rising fuel burden to passengers as pressure mounts on drivers’ earnings. Bolt has increased ride fares in Kenya by 6 per cent following sharp fuel…
Africa’s richest businessman, Aliko Dangote, is leaning towards Kenya for a proposed $15 billion-$17 billion refinery project after technical assessments ranked the country ahead of rival East African locations because of its strategic access to crude supplies, deep-water port infrastructure and regional fuel market reach. Aliko Dangote is leaning towards Kenya for a proposed $15billion-$17billion…
The world’s largest consumer of imported goods, the United States, in the first quarter of 2026, spent $578.78 million on Nigerian crude oil imports. The U.S. spent $578.78 million on Nigerian crude oil imports in Q1 2026, marking a 15.06% drop from the same period in 2025. U.S. imports of Nigerian crude fell from 8.44…
West Africa’s role in global diplomatic engagement has come under renewed scrutiny as political realignments in the Sahel continue to reshape relations between several African states and external partners, including France. Political changes in the Sahel have raised questions about West Africa’s role in international diplomacy. During the ‘Africa Forward’ Summit, President Macron asserted that…
Robust gold production from Mali and Namibia lifted Canadian miner B2Gold Corp. to a $200 million profit surge, with additional support from operations in Canada and the Philippines reinforcing overall output and earnings momentum. B2Gold exceeded production expectations in Q1 2026, producing 237,763 ounces of gold across multiple countries. The company reported strong financials with…
Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into four African countries as renewable energy providers increasingly move to address the continent’s widening electricity deficit. Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. The company plans an investment of about $750 million to…
Mauritius, Africa’s second wealthiest and most peaceful country, has officially launched its highly anticipated $1 million Golden Visa program, aimed at attracting high-net-worth individuals (HNWIs) from around the world. Mauritius has launched a $1 million Golden Visa program to attract high-net-worth individuals globally. Applicants must invest $1 million within 12 months of arrival to be…
Africa-to-Asia emerged as the world’s fastest-growing long-haul private jet corridor in 2025, recording a 42% year-on-year increase in flights, according to data from VistaJet published in Knight Frank’s latest Wealth Report. Africa-to-Asia became the fastest-growing long-haul private jet corridor in 2025, with a 42% year-on-year increase in flights. Growth on Africa-to-Asia routes outpaced other major…
South Africa has secured a Europe-backed $90 million deal to build Africa’s first fully integrated vaccine plant, a project expected to create over 7,000 jobs amid growing hantavirus outbreak fears. South Africa secured a R1.5 billion deal with the European Investment Bank and Biovac to build Africa’s first fully integrated end-to-end vaccine manufacturing plant. The…
The United States and South Africa have begun preliminary discussions on potential co-operation in mining, infrastructure and investment, signalling a possible thaw in relations after months of diplomatic strain. The United States and South Africa have opened preliminary talks on mining and infrastructure partnerships after months of diplomatic tensions. The discussions centre on critical minerals,…
A major contractor at Loulo-Gounkoto gold complex, Mali’s largest gold mining operation, is shutting down its activities in the country and laying off more than 600 workers, in the latest sign of mounting pressure surrounding one of Africa’s biggest gold assets. Gounkoto Mining Services, a major contractor at Mali’s largest gold mine, is shutting down…
African airlines are bracing for higher costs after the Lufthansa Group warned that disruptions around the Strait of Hormuz could add about $2 billion to its fuel bill this year, highlighting growing pressure on carriers as Middle East tensions tighten global jet fuel supplies. The escalating Middle East conflict is increasing global kerosene prices and…
The Dangote group, in its quest to explore options for raising capital to expand its conglomerate, is now looking at the prospect of more dollar bond sales. Dangote Group is considering issuing more dollar bonds to finance its expansion projects. Their fertilizer arm recently raised $750 million through a private bond sale, marking its first…
The Government of Ghana has formally petitioned the African Union to intervene regarding the xenophobic attacks targeting foreign African migrants within South Africa. The Ghanaian government has petitioned the African Union to intervene against xenophobic attacks on African migrants in South Africa. Ghana expressed particular concern for attacks on its citizens and urged AU action…
Zimbabwe said it was returning several foreign-owned farms that were seized during a violent land grab more than 25 years ago and paying compensation of $146 million. Zimbabwe is returning several foreign-owned farms seized over 25 years ago and compensating with $146 million. The transfer affects 67 properties linked to owners from Denmark, Germany, the…
The ECOWAS Parliament’s ongoing First Ordinary Session of 2026 in Abuja has placed renewed focus on the future of regional integration, with Nigerian lawmaker Dr Sulaiman Gumi arguing that it remains in the interest of Mali, Burkina Faso and Niger to return to the ECOWAS fold. ECOWAS lawmakers are pushing for renewed engagement with Mali,…
Egyptian billionaire Naguib Sawiris and Franco-Tunisian media executive Tarak Ben Ammar have sold Prima TV’s digital terrestrial multiplex to Syes for about €2.5 million, marking another step in Sawiris’ gradual exit from legacy media investments. Egyptian billionaire Naguib Sawiris and Tarak Ben Ammar sold Prima TV’s digital terrestrial multiplex to Syes for about €2.5 million.…
A Dutch designed amphibious warship first operationally deployed by a West African navy during a regional anti coup mission is now emerging as a key platform in future U.S. and Australian military strategy, highlighting Africa’s unexpected influence on evolving Indo Pacific defence planning. The Dutch-designed Damen LST 100 amphibious warship, first operationally deployed by the…
Kenya is set to enter Africa’s oil-producing club for the first time, with commercial production expected to begin before the end of the year from the South Lokichar fields in Turkana, even as the country continues to explore long-term refining options to support future output growth. Kenya will start commercial oil production from the South…
Trafigura is among three companies competing for a 36.36% stake in the Natref refinery, owned by Sasol, according to sources familiar with the matter. Trafigura is one of three companies bidding for a 36.36% stake in South Africa’s Natref refinery. The refinery stake became available after Prax Group, which acquired it from TotalEnergies, entered administration…
Nigerian lawmakers have called for firm diplomatic and economic measures against South Africa following a fresh wave of xenophobic violence that has reportedly claimed the lives of Nigerian citizens. Nigerian Lawmakers have demanded strong diplomatic and economic measures against South Africa over renewed xenophobic violence. Lawmakers instructed Nigeria’s Foreign Affairs Ministry to press South African…
Kemet, a New York-based crypto infrastructure startup founded by an Egyptian entrepreneur, has partnered with Coinbase to expand institutional access to crypto derivatives, deepening the US firm’s push into one of the fastest-growing segments of digital assets. Coinbase has partnered Kemet to give institutions unified access to multiple trading venues, including Deribit. The company also…
Foreign-trained doctors from Africa and other regions are among the key beneficiaries of a quiet policy reversal by the United States, as the Trump administration moves to exempt physicians from a broader immigration processing freeze tied to its expanded travel restrictions. The U.S. quietly reversed a policy to exempt foreign-trained doctors from a broad immigration…
Africa’s response to recent global fuel disruptions is increasingly being shaped by a single industrial asset in Nigeria, as Aliko Dangote’s $20 billion Dangote Petroleum Refinery, built with support from India and China, begins to reduce the continent’s reliance on imported fuel and challenge Europe and US refining dominance. The Dangote Petroleum Refinery in Nigeria…
The Nigerian national oil company has signed a new agreement with Chinese firms in a renewed attempt to revive and expand two of its long-struggling refineries, marking another chapter in the country’s decades-long effort to restore domestic refining capacity. Nigerian National Petroleum Company has signed a new agreement with Chinese firms to revive and expand…
As access to refined fuel continues to be hampered by the Iranian war, one of Africa’s largest economies, Kenya, has temporarily modified its fuel quality criteria. Kenya has temporarily relaxed its fuel sulfur limits due to supply disruptions caused by instability in the Middle East. The Ministry of Investments, Trade, and Industry authorized a six-month…
Taiwanese President Lai Ching-te arrived in Eswatini on Saturday, commencing a rescheduled visit to the southern African kingdom following prior delays. Taiwanese President Lai Ching-te arrived in Eswatini, highlighting the country’s importance as Taiwan’s only African diplomatic ally. The visit was initially delayed after three Indian Ocean nations denied overflight, a move Taiwan attributes to…
All but one of Africa’s 54 countries are now covered under China’s zero-tariff policy, following the addition of 20 more nations on May 1. The move leaves a single Southern African country, Eswatini as the only exception to Beijing’s sweeping duty-free access across the continent. China’s zero-tariff policy now covers all African countries except Eswatini…
Nigeria’s stock market extended its powerful rally on Wednesday, underscoring renewed investor appetite for equities in Africa’s largest economy as economic reforms continue to reshape sentiment. Nigeria’s stock market rose nearly 4% in a single day, extending a strong 2026 rally. The benchmark index is now up over 50% year-to-date. Banking and industrial stocks are…
South African regulators have moved to deregister the local arm of Moody’s Investors Service, marking a shift in how banks will use credit ratings in one of Africa’s most developed financial markets. Moody’s local unit in South Africa has been deregistered after voluntarily giving up its licence. Banks can still use its ratings for regulatory…
Nigeria could face tighter scrutiny over its security operations after U.S. lawmakers advanced a funding bill that places new conditions on American assistance to the country. U.S. lawmakers have moved forward with a bill that makes American security assistance to Nigeria conditional. The proposed legislation requires Nigeria to meet benchmarks such as responding to violence,…
Trade between Nigeria and Malaysia has reached approximately $1.21bn over the past five years, driven largely by a sharp rise in imports from Southeast Asia, according to the Nigeria Customs Service (NCS). Nigeria and Malaysia recorded approximately $1.21bn in bilateral trade over five years, according to the Nigeria Customs Service. Imports from Malaysia rose significantly,…
Within a global economic landscape increasingly characterized by fragmentation, geopolitical tensions, and shifting trade alliances, maintaining currency stability has emerged as a fundamental pillar of economic resilience for African countries. Currency stability is crucial for economic resilience in African countries amid global fragmentation and geopolitical tensions. Depreciating currencies worsen the impacts of external shocks like…
Ghana has said it is seeking investors to help establish a new national airline, inviting “potential strategic partners” to engage with the government as it moves to revive a flag carrier more than two decades after Ghana Airways’ collapse. Ghana is seeking investors to help establish a new national airline after over 20 years without…
France has urged its nationals in Mali to leave “as soon as possible” following coordinated attacks over the weekend, including incidents in the capital, Bamako, according to an updated travel advisory. France has advised its nationals in Mali to leave the country as soon as possible due to coordinated attacks and a volatile security situation.…
The president of the Democratic Republic of Congo (DRC), Felix Tshisekedi, recently informed his council of ministers that the country must audit its mining joint ventures to ensure that businesses are complying with national regulations, including the repatriation of export proceeds. President Felix Tshisekedi has ordered an audit of the DRC’s mining joint ventures to…
China has formally handed over a newly completed $56.5 million headquarters complex to the Economic Community of West African States (ECOWAS) in Abuja, marking one of Beijing’s most prominent institutional projects in West Africa. China has formally handed over a $56.5 million ECOWAS Headquarters Complex in Abuja, completed in under two years. The project is…
Following a recent announcement from the Democratic Republic of Congo (DRC) about plans to establish a paramilitary unit to defend mining companies, the United States has responded, noting that it currently has no plans to fund the initiative. The Democratic Republic of Congo announced plans to form a paramilitary unit to protect mining companies, in…
Nokia has selected Egypt as its regional support hub for the Middle East and Africa, establishing a centralised operations centre in Cairo to manage customer and network support services across the region. Nokia has established a regional support hub in Cairo to serve the Middle East and Africa. The move targets growing network complexity driven…
Aligning with the positions of Zambia and Zimbabwe in Southern Africa, Ghana has formally declined a proposed healthcare agreement with the United States, citing significant concerns regarding potential data breaches. Ghana may have declined a proposed healthcare agreement with the US, citing concerns over potential data breaches and sensitive health data sharing. This follows similar…
Nigeria’s government has moved to stabilise aviation operations by capping jet fuel prices and allowing airlines to purchase fuel on credit, according to a government document seen by Reuters, as authorities seek to prevent flight disruptions driven by rising costs. The Nigerian government is capping jet fuel prices and allowing airlines to buy on credit…
The Democratic Republic of the Congo (DRC) is taking a dramatic move to protect its massive mineral wealth by announcing plans to build a new paramilitary force to police its mining sector. The Democratic Republic of the Congo plans to create a paramilitary force to police its mining sector, supported by US and UAE funding.…
The government of the Democratic Republic of Congo (DRC) has signed a gold supply agreement with UAE-based Paradigm Holdings, marking a fresh step in efforts to expand the Central African nation’s access to global bullion markets through Dubai. The Democratic Republic of Congo has signed a gold supply agreement with UAE-based Paradigm Holdings to strengthen…
The United States is increasingly turning to Africa to secure the critical minerals needed to power its economy, with countries like Gabon and South Africa emerging as key suppliers. The United States increasingly sources critical minerals from Africa, especially from Gabon and South Africa. Gabon supplies all of the U.S.’s manganese, while South Africa provides…
High inflation, as evidenced by fast-rising Consumer Price Index (CPI) levels, continues to be one of the most serious economic difficulties confronting various African countries. High inflation, shown by rapidly rising CPI, remains a serious economic challenge for several African nations. Persistent inflation leads to widespread price instability, reducing consumer purchasing power and straining government…
The Democratic Republic of the Congo and Zambia are strengthening Africa’s position on the global copper map, as rising demand for the metal reshapes the minerals economy. The DRC and Zambia are strengthening Africa’s role in global copper production amid growing demand. The DRC is now among the top four countries for copper reserves, expanding…
The United States has renewed and expanded a key export financing scheme to strengthen agricultural trade with Nigeria, as bilateral commerce between the two countries continues to grow. The United States has reinstated a key export credit programme to boost agricultural trade with Nigeria. Bilateral trade between the two countries reached $15 billion in 2025,…
The HelloSafe Prosperity Index 2026 ranks Africa’s most prosperous nations, with Seychelles taking a clear lead at 98.09, followed by Mauritius (77.09) and Algeria (54.24). Business Insider Africa presents the richest African countries in 2026. The list is courtesy of HelloSafe Prosperity Index 2026. Seychelles tops the ranking by a wide margin, reflecting its high-income…
South Africa and Nigeria have emerged among the world’s top 10 outsourcing destinations, highlighting Africa’s growing role in the global business services industry as companies increasingly look beyond traditional hubs in Asia and Eastern Europe. South Africa and Nigeria are ranked among the world’s top 10 outsourcing destinations, reflecting Africa’s growing role in global business…
Africa’s richest man, Aliko Dangote, has pledged to support the construction of a new oil refinery in Tanzania. Aliko Dangote has pledged support for building a new oil refinery in Tanzania’s port city of Tanga, aiming to reduce Africa’s reliance on Middle East fuel imports. The refinery will process crude from regional producers and be…
Foreign investors are returning to Nigeria’s stock market after months of caution, driven by improving currency conditions and a broader rally in equities. Foreign investors more than doubled their activity in Nigeria’s stock market in March 2026. Improved foreign exchange conditions and cheaper valuations are drawing global funds back. Local investors still dominate, accounting for…
Globeleq is planning to develop a 250-megawatt solar and battery hybrid power project in Zambia, with completion targeted for 2029. Globeleq plans to build a 250-megawatt solar and battery hybrid power project in Zambia, aiming for completion in 2029. The project includes a 150-megawatt battery system that can provide up to four hours of storage.…
Nigeria’s biggest listed companies have climbed to a record N54.3 trillion in combined market value, or about $40.2 billion, as investors pour money into blue-chip stocks amid hopes of stronger foreign participation and improving economic reforms. Nigeria’s top-tier stocks hit a record N54.3 trillion ($40.2 billion), led by MTN Nigeria, Dangote Cement and major banks.…
Africa is rapidly scaling up solar power, importing record volumes of Chinese panels in 2025 as falling prices and global trade shifts redirect supply toward the continent. Africa imported a record 18.8 GW of Chinese solar panels in 2025. That’s a 48% jump as China redirects supply away from Western markets. Egypt and Algeria led…
In the second week of March, Africa’s second richest man, Johann Rupert, through Remgro, his investment firm, sold 52 million shares (worth a little over $200 million) in one of Africa’s largest listed financial services groups, FirstRand. Johann Rupert’s investment firm, Remgro, sold its remaining shares in FirstRand, divesting a non-core asset worth over $218…
Comments from the president of Kenya, William Ruto, on fuel prices in East Africa may have engendered some friction in the region, as Tanzania recently gave a dramatic response. Kenyan President William Ruto commented that higher fuel prices in Kenya are due to its middle-income economy and extensive road network. Ruto asserted that Kenya’s road…
Africa’s aviation industry is facing mounting pressure as the economic fallout from the war in Iran drives up fuel costs, disrupts flight routes, and threatens the financial stability of several carriers. Africa’s aviation sector is under pressure as the war in Iran drives a sharp rise in global oil and jet fuel prices. Airlines face…
Africa’s private capital market opened 2026 with a surge in value, even as the number of deals slowed, pointing to a shift in how investors are approaching the continent. Africa’s private capital market hit $16.1 billion in Q1 2026 despite a drop in deal volume. Mega deals in Nigeria, including MTN–IHS and Dangote Refinery financing,…
Africa’s private capital market is tilting decisively toward consolidation, with mergers and acquisitions accounting for a significant share of deal activity in early 2026 as companies respond to tighter funding conditions and rising competition. M&A made up nearly 25% of Africa’s deals in Q1 2026 as funding remains tight. MTN’s $6.2bn IHS deal signals a…
Flutterwave has denied reports that it has secured a $75 million investment from the Nigerian government, while also distancing itself from claims that it is preparing for an imminent initial public offering. Flutterwave has rejected claims that it secured a $75 million investment from Nigeria’s government. The fintech firm said recent reports misinterpreted ongoing discussions…
Kenya’s president, William Ruto, recently revealed why Kenya’s fuel prices are reacting more aggressively to the Iranian war than fellow East African countries. Kenyan President William Ruto explained that Kenya’s higher fuel prices compared to its neighbors are due to its status as a middle-income country, unlike its low-income neighbors. Ruto stated that fuel taxes…
The United States is stepping up efforts to secure critical mineral supplies from Africa, focusing on uranium-rich Namibia as competition with China intensifies across the continent. The US is increasing efforts to secure uranium and other critical minerals from Namibia amid competition with China. US officials aim to boost uranium imports and support local production…
Reports that the Nigerian federal government has approved a $75 million investment in Flutterwave, Africa’s largest fintech company, remain unconfirmed by the company itself, despite widespread media coverage and an initial social media post by a presidential aide that has since been deleted. Reports of a $75 million investment by the Nigerian government in Flutterwave…
African finance ministers and central bank governors are turning to global lenders as the economic fallout from the US–Iran war threatens to reverse recent stabilisation gains across the continent. African policymakers are seeking support from global lenders as the US-Iran conflict disrupts recent economic gains across the continent. Rising energy costs and supply chain issues…
Burkina Faso has told West African Resources Limited it plans to raise its stake in the Kiaka gold mine to 40%, up from 15%, in a move that comes as the Australian-listed producer projects a sharp increase in output from its West African operations. Burkina Faso plans to increase its stake in the Kiaka gold…
Cape Town will receive its first electric bus for MyCiTi network in August, marking a major milestone in Africa’s transition to cleaner public transport as cities seek to cut fuel costs, reduce emissions and modernise ageing transit systems. Cape Town receives first electric bus in August MyCiTi fleet to add 30 e-buses by 2027 Cape…
Global commodities trader Trafigura has agreed to purchase future gold output from Ghana’s Bogoso-Prestea mine while extending a $65 million financing facility to its owner, Heath Goldfields, in a deal aimed at restarting production at the troubled asset. Trafigura has signed a gold offtake agreement with Heath Goldfields, tied to a $65 million financing package.…
South Africa has been listed among countries where trust in the United States is declining, with sentiment falling by 21%, reflecting a broader global reassessment of alliances in an increasingly uncertain geopolitical environment. Trust in the United States is declining globally, with South Africa showing a 21% decrease in positive sentiment. Relations between South Africa…
Tanzania has moved to tighten control over its mining sector, revoking 40 mineral exploration licences in a sweeping enforcement action targeting companies accused of holding assets without developing them. Tanzania revoked 40 mineral exploration licences due to companies failing to develop their assets and violating regulations. The Ministry of Minerals cited issues such as asset…
The strength of a merchant fleet for African countries might not typically grab headlines, but it plays a critical part in how regions in Africa defend themselves should the need arise. A merchant fleet consists of commercial ships that transport goods globally and can be called into military service in times of conflict. These fleets…
Nigeria’s domestic aviation industry is edging toward a potential shutdown as operators grapple with a sharp and sustained spike in fuel costs, raising concerns about widespread disruptions to air travel and economic activity. Nigeria’s aviation industry is facing potential shutdown due to a sharp increase in jet fuel prices. The cost of Jet A1 fuel…
Amazon is in advanced negotiations to acquire satellite communications firm Globalstar in a deal valued at about $9bn, in a move that would intensify competition with SpaceX’s Starlink service across emerging broadband markets, particularly in Africa. Amazon is in advanced talks to acquire Globalstar in a deal valued at about $9bn, aimed at accelerating its…
Recent data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), shows that Nigeria’s import of premium motor spirits (petrol) increased by 96.7% in March compared to the month prior. Nigeria’s petrol imports nearly doubled in March, rising by 96.7% compared to February, despite increased domestic supply. The Dangote Oil Refinery played a major…
South Africa’s auto market is drawing intensified interest from global giants, with Indian automaker Mahindra expanding its operations in the country. South Africa remains Africa’s leading automotive manufacturing hub, hosting major global firms like Toyota, Ford, Volkswagen, and Mercedes-Benz. The country’s dominance faces increasing pressure from Chinese and Indian automakers, who are expanding aggressively in…
Seplat Energy, a leading independent oil and gas company in Nigeria, has become the first listed firm on the Nigerian Exchange Limited (NGX) to surpass the N10,000 per share mark. Seplat Energy became the first listed company on the Nigerian Exchange Limited (NGX) to surpass N10,000 per share. On Tuesday, Seplat’s share price climbed to…
A proposal to resettle South African farmers in Russia has emerged as a new geopolitical flashpoint, with Errol Musk confirming he is involved in a project to secure refugee status for Afrikaners, a white minority group in South Africa. Errol Musk has confirmed involvement in a Russian-backed initiative to resettle South African Afrikaner farmers. The…
French drone manufacturer Delair has announced plans to establish its African headquarters in Rabat and to launch a new subsidiary, Delair Africa, as it deepens its footprint across the continent’s rapidly evolving security and technology landscape. Delair is launching its African headquarters in Rabat, reinforcing Morocco’s role as a defence technology hub. The move strengthens…
Through strategic partnerships, such as the collaboration with NVIDIA to build AI factories, and the joint venture with a U.S. firm to enhance stablecoin adoption throughout Africa, Strive Masiyiwa seems to be on an ambitious campaign to push the integration of tech within the African commercial ecosystem. Strive Masiyiwa is spearheading Zimbabwe’s tech integration with…
French lawmakers on Monday, April 13, are set to debate a bill aimed at simplifying the return of artworks and cultural artefacts looted from Africa during the colonial era, in what could mark a significant shift in France’s handling of contested heritage held in national collections. The French parliament is debating a bill designed to…
Since the discovery of substantial oil reserves by TotalEnergies SE and Shell Plc in 2022, Namibia has garnered significant attention within the global oil market. Namibia has attracted global oil industry attention after significant oil discoveries by TotalEnergies and Shell in 2022. BP has recently secured a deal to acquire and operate a 60% stake…
Australian miner Chariot Resources Limited has announced a lithium-rich mineral discovery in Nigeria following the approval of six mining licences by the Nigerian Mining Cadastre Office (MCO), marking a significant step in its entry into the country’s critical minerals sector. Chariot Resources Limited has discovered lithium-rich minerals in Nigeria after receiving approval for six mining…
One of the most obvious indicators that it could be a smart idea to buy a house rather than keep renting is a lower price-to-rent ratio. The price-to-rent ratio measures whether it is more affordable to buy or rent a home. A low price-to-rent ratio suggests that home prices are reasonable compared to rent costs,…
Ghana is in talks with Ukraine to build a wheat flour processing plant, as rising imports and global supply risks push African countries to secure more control over their food supply chains. Ghana and Ukraine are discussing a wheat processing plant to cut import dependence. Wheat demand is rising fast, with imports up nearly 57%…
Egypt has secured a $525 million investment from a Singapore-based corporation, Indorama Corporation to build a phosphate fertiliser and chemicals complex in the Suez Canal Economic Zone (SCZONE), as it pushes to expand exports and strengthen foreign exchange earnings. Egypt has signed a $525m deal with Indorama to build a fertiliser plant in the Suez…
French renewable energy firm Voltalia has brought a 148-megawatt solar power plant online in South Africa, in a deal that signals how large industrial companies are moving away from unreliable national grids. A 148MW solar plant has begun supplying power to a Rio Tinto subsidiary in South Africa. The project reflects a growing shift by…
Amid persistent disruptions to global trade in the Strait of Hormuz, Togo is putting forward an ambitious plan to position the Port of Lome as a more secure and dependable logistics center for the international maritime industry. Togo aims to position the Port of Lome as a secure and reliable logistics center amid disruptions in…
Uganda’s central bank has moved to reshape the country’s gold sector by signing $160 million worth of contracts with local suppliers to start buying domestically refined gold. The Bank of Uganda has signed $160 million in contracts with local suppliers to purchase domestically refined gold. Agreements were made with EuroGold Refinery Ltd and Feldstein Trading…
The U.S. Department of State has updated its travel advisory for Nigeria to reflect changes in embassy operations, as it begins evacuating non-essential staff from its mission in Abuja amid heightened security concerns. The U.S. Department of State has updated its travel advisory for Nigeria and is evacuating non-essential staff from the embassy in Abuja…
The South African rand and Nigerian naira have been ranked among the global currencies posting strong gains against the U.S. dollar over the past year, reflecting shifting market dynamics and improving domestic conditions. The South African rand and Nigerian naira have been among the world’s top-performing currencies against the US dollar over the past year.…
As the conflict in the Middle East precipitates a global energy crisis, several countries have implemented fuel-conservation strategies. Notably, President Samia Suluhu Hassan of Tanzania has introduced commute restrictions for government officials to mitigate energy consumption. Tanzanian President Samia Suluhu Hassan ordered government officials to commute together by bus to conserve fuel amid the global…
The Dangote Petroleum Refinery has lowered the ex-gantry price of Premium Motor Spirit (petrol) in Nigeria to N1,200 per litre ($0.87), reversing its recent decision to increase the fuel price, according to an anonymous source at the facility. Dangote Petroleum Refinery reduced its ex-gantry petrol price in Nigeria to N1,200 per litre, reversing a recent…
Global cybercrime losses surged to a record $20.8 billion in 2025, with more than 1 million complaints filed, as Nigeria and South Africa ranked among countries flagged in the latest report by the FBI’s Internet Crime Complaint Center Cybercrime losses reached a record $20.8 billion in 2025, marking a 26% increase from the previous year.…
Africa’s fintech powerhouse Flutterwave is preparing for a significant expansion into lending after securing a national microfinance banking licence from the Central Bank of Nigeria, marking a major shift in its business model and positioning within the continent’s financial ecosystem. Flutterwave has secured a microfinance banking licence, enabling it to offer deposits, accounts, and direct…
Ghana’s Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, recently disclosed that the West African country is losing $2.5 billon in export value annually. Ghana loses $2.5 billion annually due to exporting mostly raw agricultural produce without value addition. A new national agricultural policy framework has been finalized to improve value addition and is set…
Nigeria has enlisted billionaire-backed power firms in a 3.3 trillion naira ($2.3 billion) debt settlement programme aimed at stabilising Africa’s largest electricity market and unlocking stalled generation capacity in the country’s struggling power sector. Nigeria has launched a $2.1 billion debt settlement programme to stabilise its power sector and unlock stalled generation capacity. The initiative…
Several African and Caribbean nations, including Nigeria and Jamaica, could face tighter entry restrictions to the United Kingdom under a controversial proposal by Reform UK, escalating tensions over growing demands for reparations linked to the transatlantic slave trade. A UK political party has proposed visa restrictions targeting countries demanding slavery reparations, including Nigeria and Ghana.…
Pakistan has begun a two-week counter-terrorism drill with the Egyptian military, indicating a fresh attempt by both countries to improve operational coordination and battle preparation. Pakistan and Egypt have started a two-week counter-terrorism drill in Cherat, Khyber Pakhtunkhwa, Pakistan. Elite troops from both countries’ special forces are participating to enhance operational coordination and preparedness. The…
The Democratic Republic of the Congo has announced plans to begin hosting third-country nationals transferred under United States migration arrangements, marking the latest African country to engage with Washington’s expanding deportation strategy. The Democratic Republic of the Congo (DRC) will temporarily host third-country nationals transferred under US migration agreements. The initiative is described as temporary,…
Europe is facing mounting strain in its relations with the United States, while tensions over the Iran war are testing ties with Middle Eastern partners, exposing cracks within NATO and pushing the bloc to deepen its engagement with Africa as it repositions its global alliances. Growing tensions with the US, especially over NATO and defense…
African countries should increase borrowing, boost domestic revenue, and tap pension and sovereign wealth funds to finance the infrastructure needed to benefit from the artificial intelligence (AI) boom, the United Nations Economic Commission for Africa (UNECA) said. UNECA urges African countries to increase borrowing and boost domestic revenue to finance AI-related infrastructure. Africa currently has…
Confusion has emerged over crude supply allocations to the Dangote Petroleum Refinery, with officials at the facility saying they are unaware of any increase in cargoes reportedly approved by the Nigerian National Petroleum Company Limited (NNPC). There is confusion over whether the Dangote Petroleum Refinery will receive an increased number of crude cargoes from NNPC…
Morocco, heavily reliant on imports for its energy needs, currently has enough diesel and petrol to last 51 and 55 days respectively, the energy ministry said on Thursday. Morocco has enough diesel and petrol reserves to last 51 and 55 days, with coal and gas supplies secured through June. International tensions and the lack of…
Following reports regarding a $29 billion divestment by Natie Kirsh, the South African billionaire has ascended to the position of the third-wealthiest individual in Africa, surpassing Nigeria’s Abdulsamad Rabiu. Natie Kirsh has become Africa’s third-richest person, overtaking Abdulsamad Rabiu. Rabiu’s net worth increased from $10.4 billion to $14.6 billion earlier this year but now stands…
West African Resources is poised for a landmark year in 2026, forecasting annual gold production of between 430,000 and 490,000 ounces, driven by its Burkina Faso operations. West African Resources forecasts annual gold production of 430,000–490,000 ounces in 2026, driven by operations in Burkina Faso. The surge is fueled by the first full year of…
Nigeria’s fintech leader, Flutterwave Inc., has been granted a full banking license by Nigerian regulators, a development the company says will deepen its role in the country’s financial system and make digital payments more efficient for consumers, small businesses, and large enterprises. Flutterwave has received a full Nigerian banking license, allowing it to hold deposits…
Toyota Tsusho Corporation, a major player in the Toyota Group and a multibillion-dollar conglomerate, has committed an additional $32 million to the development of Namibia’s Lofdal Heavy Rare Earths Project. Toyota Tsusho Corporation has invested an additional $32 million into Namibia’s Lofdal Heavy Rare Earths Project to boost production of critical minerals. The investment targets…
Egypt’s airports have registered a surprising surge in passenger numbers this year, even as conflict in the Middle East continues to disrupt global aviation and travel confidence. Egypt’s airports recorded an 8% year-on-year increase in passenger numbers from March 1–29, reaching 2.2 million travelers. This follows a strong start to 2026, with January and February…
South African gasoline prices are set to rise by the largest margin in nearly two decades as oil prices surge and the rand weakens amid the war in Iran. South African gasoline prices will rise by the largest margin in nearly 20 years due to surging oil prices and a weaker rand linked to the…
Following international coverage on the illegal recruitment of Kenyan citizens in the Russia/Ukraine war, the Kenyan government has successfully coordinated efforts to secure their release. The Kenyan government repatriated around 47 nationals who had been recruited to fight in the Russia-Ukraine conflict, but some Kenyans continue to participate willingly. Kenya’s government has declared that enlisting…
Officials from Uganda and Egypt have raised concerns over the growing economic strain on Africa as the ongoing conflict involving Iran continues to disrupt global energy markets and drive up food prices. African leaders are raising alarm over rising energy and food prices linked to the Iran conflict. Egypt and Uganda warn that global oil…
Masai Ujiri, the Nigerian executive and former President and Vice Chancellor of the 2019 National Basketball Association (NBA) champions, the Toronto Raptors, is transitioning his leadership expertise to the Women’s National Basketball Association (WNBA). Masai Ujiri, former Toronto Raptors executive, has become a principal owner of the new WNBA team Toronto Tempo. He joins Serena…
South Africa’s leading brands posted robust gains in 2026, with the combined value of the country’s top 100 brands rising 12% year on year to about $41 billion, according to a new report by Brand Finance. South Africa’s top 100 brands recorded a 12% rise in value to about $41 billion in 2026. MTN maintained…
Africa has secured five places on Time magazine’s World’s Greatest Places of 2026 list, underscoring both the continent’s growing appeal in global tourism and its continued underrepresentation in high-end travel rankings. Africa secured five spots on Time magazine’s World’s Greatest Places of 2026 list, reflecting both growing interest and ongoing underrepresentation in luxury travel rankings.…
Ghana has restricted the sale of the Damang gold mine to locally owned firms, tightening state control over strategic resources as it prepares to take over the asset from Gold Fields. Ghana has limited the sale of the Damang gold mine to companies fully owned by Ghanaian citizens, increasing state control over strategic resources. The…
African banks have crossed a major milestone, with industry revenues now exceeding $100 billion for the first time, a sign of the sector’s growing weight in the global financial system. African banking revenues have crossed $100 billion for the first time, signalling the sector’s growing economic weight. Banks are outperforming global peers on profitability, with…
Kenya has confirmed its role as co-host of the 2027 Africa Cup of Nations after paying the $30 million hosting fee to the Confederation of African Football (CAF), ending weeks of uncertainty over its participation. Kenya has paid the $30 million Africa Cup of Nations hosting fee, securing its co-hosting role alongside Uganda and Tanzania.…
The president of Russia, Vladimir Putin, offered warm congratulations to his friend, Denis Sassou Nguesso, the president of the Republic of Congo, for his successful re-election for a second term in office. Vladimir Putin congratulated Denis Sassou Nguesso on his re-election as President of the Republic of Congo, being the first world leader to do…
Nigeria’s state-owned oil company, Nigerian National Petroleum Company Limited (NNPC Ltd), is laying the groundwork for a potential listing on major global exchanges, including New York and London, as part of a broader transformation to attract international investors. Nigeria’s NNPC Ltd is preparing for a potential global IPO on the New York and London stock…
The United States sharply reduced its imports of Nigerian crude oil in January 2026, cutting volumes by almost half, underscoring evolving global energy dynamics and intensifying competition in Africa’s oil market. The United States cut Nigerian crude imports by nearly 50 per cent in January 2026, signalling a sharp shift in trade flows. Despite higher…
A US-backed iron ore developer backed by billionaire Robert Friedland has cleared a major regulatory hurdle in West Africa, positioning one of the region’s largest untapped iron ore projects closer to production even as it faces leadership changes and geopolitical scrutiny. Ivanhoe Atlantic’s Kon Kweni iron ore project in West Africa received formal approval of…
Niger has officially joined Burkina Faso as the second member of the Alliance of Sahel States (AES) to roll out a biometric identity card system, marking a significant step in the bloc’s push for digital sovereignty and administrative reform. Niger has become the second AES country, after Burkina Faso, to launch a biometric identity card…
Even as Washington works to ease tensions between Congo and Rwanda and stabilise the region for investment, Africa’s largest cobalt producer has signed a fresh mining cooperation deal with China, reinforcing Beijing’s stronghold in the country’s critical minerals sector. The Democratic Republic of Congo has signed a new mining cooperation deal with China, reinforcing its…
Nigeria is experiencing rising demand for its liquefied natural gas (LNG) cargoes as disruptions from the Middle East conflict create new commercial opportunities for the West African producer. Demand for Nigerian LNG cargoes is rising due to supply disruptions caused by the Middle East conflict. Nigeria’s proximity to major markets and its vast gas reserves…
General Muhoozi Kainerugaba, Uganda’s Chief of Defence Forces and son of President Yoweri Museveni, has shocked regional and international observers by publicly aligning himself with Israel amid the escalating Middle East conflict, suggesting that Uganda could take military action against Iran if threats to Israel persist. General Muhoozi Kainerugaba, Uganda’s Chief of Defence Forces and son of the president,…
Zambia is on track to produce more than 1 million tonnes of copper in 2026, a record milestone driven by expanded output from its largest Canadian-owned operations, Mines and Minerals Development Minister Paul Kabuswe has said. Zambia is projected to produce over 1 million tonnes of copper in 2026, surpassing its previous record. The country’s copper output…
South Africa’s exclusion from the upcoming G7 summit in Evian, France, marks the latest escalation in a deepening diplomatic rift with the United States, revealing how geopolitical tensions are beginning to reshape Pretoria’s global engagement. South Africa has been excluded from the upcoming G7 summit in France after the U.S. pressured France to withdraw the…
From April 2026, Africans, and citizens of other nations seeking to live, work, or study in the UK will encounter higher visa charges, following government announcements that have sparked debate over the financial impact on migrants. The UK will raise visa fees for travellers, workers, and students from 8 April 2026. The government justifies the…
Uganda, in its last fiscal year, experienced a significant spike in its merchandise products sold, compared to the financial year prior. Uganda experienced a 72% increase in merchandise export revenue, rising from $844.60 million in January 2025 to $1,453.53 million in January 2026. The merchandise trade surplus in January 2026 was USD 147.26 million, mainly…
Namibia has denied Elon Musk’s satellite internet company, Starlink, the right to operate in the country, citing ownership and regulatory compliance concerns, the nation’s telecommunications regulator announced on Wednesday. Namibia has denied Starlink the license to operate in the country due to ownership and regulatory compliance concerns. The regulator, CRAN, stated Starlink only met three…
Italy is seeking to increase gas imports from Algeria after both countries agreed to deepen energy cooperation, Prime Minister Giorgia Meloni said during a visit to Algiers. Italy aims to increase gas imports from Algeria following new energy cooperation agreements. Prime Minister Meloni met with President Tebboune amid LNG supply disruptions from Qatar. The cooperation…
Visa applicants in South Africa with pending waivers and appeals may be forced to leave the country by the end of March 2026 as the Department of Home Affairs (DHA) is set to let a critical visa concession expire. South Africa’s Department of Home Affairs (DHA) will let a critical visa concession for pending waivers…
Ghana and Colombia have agreed to establish a direct maritime shipping link between the Port of Tema and the Port of Cartagena, as both countries seek to expand trade between Africa and Latin America and reduce reliance on traditional transatlantic routes. Ghana and Colombia have agreed to a direct shipping link between Tema and Cartagena.…
Niger and Algeria are deepening their strategic cooperation with a new wave of agreements aimed at accelerating development in key sectors, marking a significant step forward in West and North African regional cooperation. Niger and Algeria are strengthening their cooperation with new agreements in sectors such as health, energy, agriculture, and infrastructure. A major outcome…
Nigeria and Finland have signed a new agreement to deepen cooperation in the digital economy, as both countries look to expand innovation, improve public services and build technical skills. Nigeria and Finland signed an MoU to expand cooperation in digital innovation and public technology systems. The deal covers cybersecurity, digital infrastructure, and skills development. It…
Morocco has reached financial close and signed power purchase agreements for a 305-megawatt solar programme, deepening its shift toward decentralised renewable energy and offering a financing model that could influence projects across Africa. Morocco has secured financing and signed power purchase agreements for its 305-megawatt Noor Atlas solar programme. The project will deliver six photovoltaic…
The Dangote Refinery, Africa’s largest refinery, is reportedly looking into exporting most of its products, a development that could potentially precipitate a significant energy crisis within Nigeria. The Dangote Refinery, Africa’s largest oil refinery, is considering exporting most of its products due to alleged new fuel importation licences issued by Nigerian authorities. The Nigerian Midstream…
Aliko Dangote warned that escalating tensions in the Middle East risk triggering a fresh wave of inflation and economic strain across Africa, as higher oil prices ripple through economies already grappling with debt and weak currencies. Africa’s richest man, Aliko Dangote, has warned that escalating tensions in the Middle East could trigger another wave of…
The Democratic Republic of Congo (DRC), long known as a global powerhouse in minerals such as cobalt, copper, and other precious metals, is now diversifying its economy by investing in agriculture. The Democratic Republic of Congo is shifting focus from its traditional reliance on minerals to developing its agricultural sector. A memorandum of understanding was…
Gabon is stepping up cooperation with Senegal as it prepares to overhaul its poultry industry and reduce reliance on imported chicken, ahead of a planned import ban in 2027. Gabon is turning to Senegal for technical support as it prepares to ban chicken imports by 2027 and build its domestic poultry industry. Senegal’s two-decade import…
Nigeria has attracted more than $2.6 billion in foreign direct investment into its mining sector over the past two years, as the government steps up reforms and seeks to position the country as a key player in the global supply chain for critical minerals. Nigeria has attracted more than $2.6 billion in foreign investment into…
Egypt has officially launched the 56.5-kilometre East Nile monorail – Africa’s longest – marking a major milestone in the country’s push to modernise urban transport and expand green mobility infrastructure. Egypt launched the 56.5 km East Nile monorail, connecting Cairo’s Nasr City to the New Administrative Capital. The driverless monorail, spanning 22 stations, aims to…
Ghana has entered the global lithium market after Parliament approved a major mining lease, positioning the country as a potential supplier to U.S. battery supply chains seeking alternatives to China. Ghana has ratified the Ewoyaa Lithium Project, officially joining the global lithium market and ending years of regulatory delays. Atlantic Lithium has been granted exclusive…
The University of South Africa has become the first tertiary institution on the continent to own an airport, marking a bold shift towards practical, skills-based education in Africa’s fast-evolving aviation and engineering sectors. The University of South Africa has become the first African university to own an airport. The 20-hectare facility will support practical training…
Burkina Faso has suspended all exports of fresh tomatoes with immediate effect, in a move aimed at protecting domestic processing industries and securing raw material supply, according to a government directive issued on March 16, 2026. The export ban covers all exporters, with existing export permits valid only for two more weeks. Burkina Faso has…
The Democratic Republic of Congo and South Africa are set to resume talks on the long-delayed Inga 3 hydropower project, reviving one of Africa’s most ambitious energy plans. Congo and South Africa will resume talks on the Inga 3 hydropower project in April 2026. The project could generate up to 11,000MW and cost over $10…
A Canada-based mining firm, Newcore Gold Ltd., has more than doubled the most reliable gold resource at its project in Ghana, marking a key step toward possible mine development at a time of strong global prices. Canada-based Newcore Gold Ltd. more than doubled the indicated resource at its Ghana project to 1.5 million ounces. Total…
The Democratic Republic of Congo and Rwanda have agreed to take new steps to reduce fighting in eastern Congo, following US-hosted talks aimed at reviving a fragile peace deal that has failed to hold. DRC and Rwanda agreed to de-escalate eastern Congo tensions after US-hosted talks in Washington on March 17-18, 2026. Rwanda will disengage…
United Kingdom has signed a new migration agreement with Nigeria that will make it significantly easier to deport visa overstayers, failed asylum seekers, and foreign criminals, underscoring a broader tightening of immigration controls across Western nations. The UK has signed a new migration agreement with Nigeria, easing the deportation of visa overstayers, failed asylum seekers,…
Nigeria and the United Kingdom have signed three Memoranda of Understanding to strengthen migration governance, border security, and business mobility, marking a significant step in bilateral relations during President Bola Ahmed Tinubu’s visit to the UK. Nigeria and the UK have signed three MoUs covering migration, border security, and business visas. The agreements aim to…
A Canadian diamond miner has uncovered a rare 36.92-carat blue diamond in Botswana, highlighting the enduring value of high-quality stones even as the industry shifts focus toward copper and critical minerals amid weakening demand for natural diamonds. Lucara Diamond Corp discovered a rare 36.92-carat blue diamond in Botswana, emphasizing the value of high-quality stones. The…
Nigeria’s leading anti-corruption agency has returned nearly $2.6 million in recovered funds to the Nigerian National Petroleum Company (NNPC) Limited, in a move that underscores renewed efforts to tackle financial misconduct within the country’s oil sector. Nigeria’s anti-graft agency has returned $2.6 million in recovered funds to NNPC. The EFCC says the money was recovered…
The Chinese Embassy in Zimbabwe has issued a fresh warning to its nationals and companies operating in Zimbabwe following new government measures restricting the export of raw minerals, including lithium concentrates. The Chinese Embassy in Zimbabwe has warned its nationals and companies about new restrictions on exporting raw minerals, including lithium concentrates. Chinese investors are…
African nations are expected to borrow $155 billion in long-term commercial debt in 2026, a 10% increase from 2025, according to S&P Global Ratings. African nations are anticipated to borrow $155 billion in long-term commercial debt in 2026, marking a 10% rise from 2025. This increased borrowing aims to refinance maturing debt and manage expanding…
Italy’s Eni has discovered more than 1 trillion cubic feet of gas offshore Libya, strengthening Europe’s push to secure alternative energy supplies closer to home. Eni has discovered over 1 trillion cubic feet of gas offshore Libya. The fields can be quickly developed using existing infrastructure. Output will supply Libya and boost exports to Italy.…
The World Bank has approved $45 million in financing for Zambia to support its economic reform programme and strengthen resilience to climate shocks. The World Bank has approved $45 million to support Zambia’s economic reforms and climate resilience efforts. The funding signals renewed investor confidence following debt restructuring and IMF-backed reforms. Key focus areas include…
The Democratic Republic of Congo has approved the sale of copper and cobalt producer Chemaf to US-based Virtus Minerals, according to Bankable, in a deal that shows Washington’s growing push to secure critical minerals from Africa. Congo has approved the sale of Chemaf to US-based Virtus Minerals. The deal supports a broader US strategy to…
Namibia is rapidly emerging as one of Africa’s most active mineral exploration hubs, drawing a surge of investor interest as global demand for critical resources accelerates. Namibia is emerging as Africa’s top frontier for mineral exploration, attracting over 800 new licence applications. Regulatory reforms and digital platforms are speeding approvals and clearing backlogs. South Africa,…
Ethiopia has emerged as Africa’s second-largest destination for foreign direct investment (FDI), underscoring its growing appeal to global investors and the impact of recent economic reforms. Ethiopia has emerged as Africa’s second-largest FDI destination, attracting $18.6 billion over the past 5 years. Chinese companies dominate investment, accounting for the majority of projects across key sectors.…
Petrol imports in Nigeria during the last fiscal month declined significantly, as the Dangote Refinery stepped in to fill the energy gap. Nigeria’s petrol imports dropped sharply last month as the Dangote Refinery supplied most of the nation’s fuel demand. In February, local fuel supply accounted for 92% of total demand, reducing daily imports to…
Africa is emerging as a critical supplier of liquefied natural gas (LNG) to Europe, as the continent seeks to capitalise on shifting global energy dynamics driven by instability in the Middle East and ongoing uncertainty over Russian gas supplies. Africa is positioning itself as a key LNG supplier to Europe amid intensifying energy security concerns.…
Senegal has become the 26th nation globally – and the 21st in Africa to sign onto a $12.6 billion U.S.-backed health initiative aimed at strengthening healthcare systems and expanding access to critical medical services Senegal has joined a $12.6 billion U.S.-backed global health initiative, becoming the 26th country and 21st in Africa to participate. The…
Africa’s agriculture sector has become a growing playground for startups trying to solve some of the continent’s most stubborn food and farming challenges. Over the past decade, entrepreneurs have launched companies that connect farmers directly to markets, digitise supply chains, provide financing to smallholders, and introduce climate-smart technologies to improve yields. Business Insider Africa presents…
Burundi has signed a three-year agreement with US-based mining companies KoBold Metals and Lifezone Metals to explore critical minerals needed for the global energy transition, marking a significant step in the East African country’s push to attract foreign investment into its natural resources sector. Burundi has signed a three-year minerals exploration agreement with US mining…
In a period of geopolitical turmoil and fluctuating oil markets, African countries can benefit greatly from retaining relatively low fuel prices. Fuel prices in Egypt, Nigeria, Ethiopia, and Liberia increased compared to last month. Fuel prices in Algeria, Tunisia, and Niger decreased slightly, despite the overall increase in the global average price. Fuel prices in…
Kenya is exploring plans to extend a colonial-era railway to its north-western oil fields, creating a new route to transport crude to an Indian Ocean port by 2030. Kenya is planning to build a 640 km meter-gauge railway to transport crude oil from its north-western oil fields to an Indian Ocean port by 2030. The…
France has signaled a renewed diplomatic push in Africa with the first visit in seven years by a senior official to the Central African Republic (CAR). France is renewing its diplomatic engagement in Africa, highlighted by Foreign Minister Jean-Noël Barrot’s visit to the Central African Republic (CAR) after seven years. The visit marks Paris’ strategic…
The International Finance Corporation (IFC) is considering a $40 million investment in Nile Sugar Company, a sugar beet project owned by one of Egypt’s leading business families, as the country works to reduce its dependence on imported sugar. The International Finance Corporation (IFC) is considering a $40 million investment in Nile Sugar Company to support…
Rising global oil prices are offering a fresh financial reprieve to Algeria, Africa’s largest country by landmass, as crude briefly surged past $100 a barrel amid geopolitical tensions linked to the Iran conflict. Oil prices briefly surged above $100 per barrel, offering Algeria fiscal breathing room amid geopolitical tensions that threaten global energy supplies. The…
Mauritania has secured a $1 billion trade finance framework agreement with the Saudi-based International Islamic Trade Finance Corporation (ITFC) to support key sectors of its economy and strengthen trade capacity over the next five years. Mauritania has signed a $1 billion trade finance agreement with the International Islamic Trade Finance Corporation. The five-year framework will…
Canal+, the French media company that recently acquired MultiChoice, says the high cost of joining the DStv platform is a major reason subscriber growth has slowed across parts of Africa. Canal+ says the high cost of installing DStv equipment is slowing subscriber growth across parts of Africa. Installation in MultiChoice markets costs about €38 compared…
Ghanaian lawmakers are demanding answers from the government following reports that the country may have played a support role in recent U.S.–Nigeria airstrikes targeting Islamic State militants in northern Nigeria. Ghanaian lawmakers are demanding clarification from the government about its potential support role in recent U.S.–Nigeria airstrikes targeting ISIS militants. The U.S. Africa Command conducted…
Dr. Ibiagbani “Ibi” Max-Harry’s journey into science began with a childhood moment that showed her just how big the world could be. Today, her research on pancreatic cells could open new doors for diabetes treatment. Dr. Ibi Max‑Harry was inspired to pursue science by her mother’s academic achievements and her own curiosity about the molecular…
To enhance power generation and satisfy energy requirements, Kenya has launched an energy initiative valued at $2.9 billion. Kenya has launched a $2.9 billion energy initiative to build a 1,200-megawatt gas-fired power plant in Dongo Kundu, Mombasa. The project aims to meet growing electricity demand and is a joint effort between private investors and state-owned…
Bilateral trade between China and Ghana has climbed to a record $14.1 billion, reflecting a surge in economic cooperation and growing diplomatic ties between the two countries. Bilateral trade between China and Ghana has reached a record $14.1 billion, up more than 19% year-on-year. Chinese diplomats say the milestone reflects stronger economic and political cooperation…
Nigeria’s foreign minister has urged major Gulf oil producers to view the West African country as a strategic partner rather than a competitor, arguing that collaboration could help stabilise global energy supply during geopolitical crises. Nigeria is urging Gulf oil producers to partner with it rather than compete as geopolitical tensions threaten global energy supply.…
Fuel prices have risen across Africa in recent weeks, owing primarily to global crude oil volatility amid Middle Eastern tensions. Nigeria, South Africa, Ghana, Egypt, and Somalia have all seen significant price increases, raising concerns about the wider economic and social implications. Fuel prices have sharply increased across many African countries due to global crude…
Ghana will move forward on Tuesday with a new sliding‑scale gold royalty regime that ties state revenues to rising bullion prices, the country’s mining regulator told Reuters. Ghana will implement a new sliding-scale gold royalty regime that links state revenues to rising gold prices. The policy faces opposition from the US, China, other Western governments,…
Egypt attracts roughly $400 million in annual investment into its entrepreneurship sector, according to Amr El Abd, entrepreneurship adviser to Prime Minister Mostafa Madbouly, highlighting the country’s growing appeal as a destination for startup capital in Africa. Egypt is attracting roughly $400 million in annual investments into its entrepreneurship sector. Officials say the inflow highlights…
Nigeria, Senegal and Mali have emerged as the largest weapons importers in sub-Saharan Africa, reflecting rising defence spending as governments respond to insurgency, terrorism and regional instability. Arms imports in sub-Saharan Africa rose by 13% between 2016–2020 and 2021–2025, even as overall African imports declined. Senegal and Mali have become leading arms importers in sub-Saharan…
Mercedes-Benz Group AG is exploring the possibility of sharing its South African manufacturing plant with Chinese automaker Great Wall Motor Co., a move that could strengthen the facility amid US trade tariffs. Mercedes-Benz is considering sharing its South African manufacturing plant with China’s Great Wall Motor (GWM) to bolster operations amid new US tariffs. Discussions…
Egyptian billionaire Naguib Sawiris has condemned Iran’s recent missile and drone attacks on the United Arab Emirates, describing the assault as more than just a military operation. Egyptian billionaire Naguib Sawiris condemned Iran’s missile and drone attacks on the UAE, calling them an attack on freedom and progress. Iran launched 186 ballistic missiles and 812…
The United States government has issued a fresh security advisory for its citizens in Nigeria, warning of potential threats against U.S. facilities and affiliated schools. Americans in Nigeria are urged to exercise caution, vary travel routines, stay alert, and review personal security plans. The U.S. government issued a new security advisory for its citizens in…
A shipment of liquefied natural gas (LNG) from Nigeria has been redirected from Europe to Asia after a sharp spike in Asian gas prices created a lucrative arbitrage opportunity for traders, highlighting how rapidly shifting global energy markets can reshape trade routes. A Nigerian liquefied natural gas cargo has been rerouted from Europe to Asia…
A surge in global oil prices triggered by the escalating conflict involving Iran is sending shockwaves through African economies, raising the prospect of higher fuel costs, rising inflation, and renewed pressure on already fragile currencies across the continent. Rising oil prices linked to the Iran conflict are sending economic shockwaves across African fuel markets. Because…
Rising geopolitical tensions linked to the confrontation between the United States and Iran could prompt Gulf states to reassess overseas investment commitments, including major pledges to African economies that have increasingly relied on capital from the region. Rising US-Iran tensions are prompting Gulf states to reconsider their overseas investment plans, particularly in Africa. Gulf countries,…
The Dangote Petroleum Refinery has promised to shield Nigeria from the conflict-driven energy inflation currently affecting some parts of the globe, in the face of a slight fuel increase. The Dangote Petroleum Refinery has increased fuel prices by N100 due to a rise in global crude prices and supply disruptions linked to Middle East tensions.…
Egypt’s petroleum ministry denied any connection to a Russian liquefied natural gas (LNG) tanker that sank in the Mediterranean on Wednesday. Egypt’s petroleum ministry denied involvement with the Russian LNG tanker that sank in the Mediterranean. The Arctic Metagaz sank between Libya and Malta after catching fire, according to Libya’s maritime rescue agency. Russia claims…
World’s largest container shipping firm, Mediterranean Shipping Company (MSC) announced that it will introduce a “war surcharge” for cargo shipments to African nations and Indian Ocean islands from the Indian subcontinent and Gulf countries. MSC will introduce a war surcharge on cargo shipments from the Indian subcontinent and Gulf countries to Africa and Indian Ocean…
The escalating conflict in the Middle East is raising economic risks for many African countries as rising oil prices threaten to weaken currencies, worsen trade balances and push inflation higher across the continent. Rising tensions in the Middle East have pushed global oil prices higher, creating economic risks for many African countries that rely heavily…
Ghana has signed a bilateral debt restructuring agreement with Belgium as the West African country continues efforts to rebuild its finances after a deep economic crisis forced it to default on its debt in 2022. Ghana has signed a bilateral debt restructuring agreement with Belgium as it works to stabilise its economy after the 2022…
Rising geopolitical tensions involving Iran have pushed global oil prices sharply higher, creating potential economic gains for a small group of African oil exporters. Rising geopolitical tensions involving Iran have driven global oil prices higher, especially benefiting a few Sub-Saharan oil exporters. Nigeria, Angola, and Ghana are set to profit from the price surge, as…
A Canadian mining company, Stellar AfricaGold, has completed the first phase of drilling at its gold exploration site in Morocco and is moving quickly to expand operations after early results indicated promising mineralisation. Canadian miner Stellar AfricaGold has completed the first phase of drilling at its Tichka Est Gold Project in Morocco. Early results confirmed…
In the global mining industry, some of the most powerful figures operate quietly. One of them is Oskar Lewnowski, a metals investor who has spent decades financing mines but has rarely appeared in the public spotlight. A little-known mining financier is emerging as a key player in the global race for critical minerals. Oskar Lewnowski…
Tanzania has launched a major expansion of fuel infrastructure at the Port of Dar es Salaam, investing about $274 million (TZS 701.8 billion) to construct 15 new oil reception and storage tanks aimed at easing congestion and strengthening the country’s energy supply system. Tanzania has launched a $274 million (TZS 701.8 billion) project to build…
South Africa, similar to its move last year, has yet again offered to be a mediator in a major global conflict, this time between Israel and Iran. South Africa has once again offered to mediate in a significant global conflict, this time between Israel and Iran. President Cyril Ramaphosa stated that South Africa is ready…
Tourism remains a major economic engine across Africa, but in some countries, it is especially critical, contributing a significant share of national GDP and ranking among the most tourism-dependent economies globally. Business Insider Africa presents the top 5 African countries most dependent on tourism (Share of GDP). The data is from UN Tourism and the…
The dispute between the US mining firm, Kobold Metals, backed by Breakthrough Energy Ventures, which was founded by Bill Gates, and Belgium’s AfricaMuseum over the digitization of colonial-era maps of what is now the Democratic Republic of the Congo may be intensifying. KoBold Metals, backed by Bill Gates’s Breakthrough Energy Ventures, is looking to gain…
Egypt has emerged as one of the world’s most active nuclear builders and is currently the only African country constructing multiple reactors. Egypt is currently constructing four nuclear reactors, making it Africa’s leading nuclear builder. Egypt’s new reactors will add around 4.8 GW of capacity, ranking it among the top nations expanding nuclear energy. China…
Nigeria’s foreign exchange buffers have expanded sharply over the past two years, with net reserves rising more than sevenfold as the country overhauled its currency management framework. Nigeria’s net foreign exchange reserves rose 772% in two years to $34.8 billion at the end of 2025. The figure now exceeds the country’s total gross reserves recorded…
Egypt’s central bank and commercial banks now hold more foreign currency than ever before. On Monday, the central bank said net foreign assets, a key measure that shows total foreign money held minus foreign debts, rose by $4.02 billion in January. The new total reached a record $29.54 billion. Egypt’s net foreign assets rose by…
Uganda’s central bank said it will begin its domestic gold purchasing programme this month, joining a growing number of central banks worldwide that are boosting their gold holdings amid rising prices. Uganda’s central bank will start buying domestic gold this month to boost reserves amid record gold prices. Gold prices have surged above $5,000 an…
Abdulsamad Rabiu, Nigeria’s second richest man, and the fourth richest person in Africa, is set to receive a big dividend pay after BUA Cement reported a significant increase in profits for the previous fiscal year. Abdulsamad Rabiu, Nigeria’s second richest man, is set to receive nearly N324.38 billion in dividends from BUA Cement’s record profits.…
As the Middle East crisis continues to escalate following coordinated strikes by the United States and Israel on Iran, East Africans have received an unexpected note of reassurance. Iran’s ambassador to Kenya assured that Iran’s missile strikes will not target Africa, emphasizing their range limit of 2,000 km as a sign of peaceful intentions. The…
In global finance, a robust currency serves as a significant indicator, transcending a mere exchange rate figure, particularly within select African countries. A strong currency reflects a nation’s economic health, reliability, and discipline, which is vital for investors and residents. Depreciation of currencies increases the cost of imports, driving inflation and impacting both individuals and…
A South African tech billionaire is expanding into the insurance sector after the country’s competition watchdog recommended approval of a transaction that will give him an interest in King Price. South African tech billionaire Zak Calisto is moving into insurance after regulators backed his planned stake in King Price. The Competition Commission recommended that the…
The United States has lifted sanctions imposed in July 2023 on three senior Malian officials over their links to Russia’s Wagner mercenary group, in a move that signals a diplomatic reset with the military-led governments of the Sahel. The United States has lifted sanctions on three senior Malian officials previously targeted for their links to…
The world’s largest premium aluminium producer, Emirates Global Aluminium, reported stronger core earnings for 2025 after record metal sales offset a major financial hit tied to its Guinea operations. Emirates Global Aluminium (EGA) posted stronger core profits in 2025 despite losing a key bauxite concession in Guinea. Record aluminium sales and higher realised prices drove…
The European Investment Bank Group has delivered one of its strongest years yet on the continent, deploying €3.1 billion to Africa in 2025 as part of a wider €9 billion package channelled through its development arm, EIB Global. The European Investment Bank Group invested €3.1 billion in Africa in 2025, focusing on SMEs, clean energy,…
Africa’s leading online retailer, Jumia, is positioning itself to capitalize on renewed consumer spending in Nigeria, unveiling an ambitious growth campaign to deepen the country’s adoption of digital commerce amid rising competition from global rivals. Jumia is ramping up its growth strategy in Nigeria, betting on a rebound in consumer spending. The company’s new “Just…
The United States has expanded the use of third-country deportations to several African countries, a policy shift that is drawing scrutiny over its financial cost and oversight mechanisms, according to a report by Democrats on the Senate Foreign Relations Committee. African participation varies, with decisions driven by financial, strategic, or diplomatic interests, while U.S.-Africa migration…
Zambia has halted a proposed health funding agreement worth more than $1 billion from the United States, citing concerns that certain clauses in the draft do not fit with the country’s national interests. Zambia has suspended a $1 billion US health funding agreement, citing concerns that certain clauses do not align with its national interests.…
Wealth isn’t necessarily a benefit when it comes to mental health, a new report released in February shows, and nowhere is this more evident than in Africa. A new report shows that wealth does not necessarily equate to better mental health, with young people in Africa outperforming those in wealthier countries. Youth in high-income countries…
Lithium prices and stocks jumped after Zimbabwe, a leading global producer, suspended exports of lithium concentrate, sparking concerns about tightening global supplies of the critical battery material. Lithium prices and stocks surged after Zimbabwe suspended all exports of lithium concentrate. China’s lithium prices soared amid concerns about tighter global supplies following the ban. Lithium is…
Africa’s digital landscape is rapidly evolving as countries implement policies to expand internet access and improve connectivity. Africa is rapidly enhancing its digital landscape through policies and investments in broadband, 4G, and 5G networks. Governments are prioritizing digital adoption and partnering with tech companies to expand coverage and reduce costs. Challenges like regulatory inconsistencies, rural…
South African miner Valterra Platinum says it is owed about $100 million in export proceeds by Zimbabwe’s government, highlighting persistent foreign exchange pressures facing mining companies operating in the country. Valterra Platinum says Zimbabwe owes it $100 million under the country’s forex retention policy. The miner is receiving partial payments but warns that the backlog…
Addis Ababa has emerged as the diplomatic hotspot in Africa this month, having hosted three key international leaders in just three weeks. The latest visitor, Israeli President Isaac Herzog, arrived at Bole International Airport this morning and was greeted cordially by Ethiopia’s Minister of Foreign Affairs Gedion Timotheos and State Minister Berhanu Tsegaye. Addis Ababa…
Nigeria’s push towards fuel self-sufficiency has gained fresh momentum after the Dangote Petroleum Refinery signed an offtake agreement with 12 major marketers to distribute up to 65 million litres of petrol daily across the country. Nigeria’s Dangote Petroleum Refinery has signed a landmark offtake agreement with 12 marketers to supply up to 65 million litres…
Mali’s largest fuel retail network, formerly operated by France energy major – TotalEnergies, has changed hands twice within 12 months, moving first to Benin-linked Coli Energy in January 2025 and then back to Malian-owned NDC Energie in January 2026 Mali’s largest fuel retail network changed ownership twice between January 2025 and January 2026. TotalEnergies exited…
Ghana’s Ministry of Foreign Affairs has announced the closure of its premium passport application centres in Accra and Kumasi, effective February 20, 2026. Ghana’s Ministry of Foreign Affairs will close premium passport application centres in Accra and Kumasi from February 20, 2026. These centres provided expedited processing for a fee but will no longer operate,…
Michael J. Prest has landed a significant courtroom win in Zambia after the High Court of Zambia threw out two attempts by the Bank of Zambia to shut down his challenge over the collapse of Investrust Bank Plc. Michael J. Prest has secured a major victory in the High Court of Zambia after judges rejected…
Nigeria forfeited between roughly $2.3bn and $3.3bn to post-harvest losses in 2025, underscoring deep structural weaknesses in the country’s agricultural logistics and storage systems, according to industry estimates. Nigeria lost between $2.3 billion and $3.3 billion to post-harvest inefficiencies in 2025. Industry leaders say up to 40 million metric tonnes of food were wasted. Poor…
Innoson Group is quietly becoming one of Nigeria’s biggest industrial employers. The company’s CEO, Innocent Chukwuma, says 8,000 people now work directly for the automaker, and a new factory under construction will add another 2,000 jobs. Nigerian automaker Innoson Group says its workforce has grown to 8,000 employees. CEO Innocent Chukwuma plans to hire another…
The South African Revenue Service has intensified pressure on South African businessman Siviwe Mpengesi, warning that it may seize assets worth about $3.3 million in an escalating tax dispute. South Africa’s tax authority has escalated its pursuit of businessman Siviwe Mpengesi, warning it may seize assets worth $3.3 million. The dispute stems from allegedly unfiled…
Despite regional efforts to limit United States military expansion in Africa, both Somalia and Somaliland have offered access to key ports and air bases, highlighting growing competition for strategic influence in the Horn of Africa. Somalia has formally offered to renew a military agreement granting the US access to its ports and airports, reinforcing its…
De Beers, Africa’s largest diamond miner, posted a sharply wider $511 million loss in 2025 as weak Chinese demand, U.S. tariff pressures and softer global prices weighed on its worldwide operations, including key mines in Botswana, Namibia and South Africa. De Beers reported a significantly larger loss in 2025, with an underlying EBITDA loss of…
Despite a R500 million offer to connect 5,000 rural schools, Starlink remains unlicensed in South Africa. The standoff has escalated as 14,000 residents find ways to access the service anyway, putting Musk at odds with ICASA’s strict regulatory framework. Starlink remains unlicensed in South Africa despite offering a R500 million deal to connect 5,000 rural…
Recent involvement among African governments, foreign lenders, and global partners highlights the potential benefits of well-structured IMF programs for the continent. Zambia has requested a new IMF program in 2026 to support its ongoing economic reforms and budget stability. The country previously completed an Extended Credit Facility that provided $1.7 billion after a lengthy debt…
The European Union (EU) has launched its first defence dialogue with Nigeria, marking a milestone in efforts to strengthen security cooperation between the two partners. The EU has contributed a total of €234.4 million to date to support Nigeria’s security task force, enhancing its capabilities, responsiveness, and coordination in tackling regional security challenges. The EU…
Meta has come under fresh regulatory scrutiny in Africa after competition authorities in the Common Market for Eastern and Southern Africa opened a formal investigation into changes to WhatsApp Business rules that could reshape the region’s fast-growing AI ecosystem. African competition regulators have launched a formal probe into Meta’s policy changes to WhatsApp Business. The…
Rwanda’s apex bank has expressed concern over a growing reluctance among businesses to accept low-denomination coins, warning that all coins remain legal tender and must be honored in transactions. BNR warns businesses against rejecting small-denomination coins, especially the Rwf20, reminding them all coins remain legal tender. The rise of digital payments has led many merchants…
Egypt is preparing to roll out its largest-ever Mediterranean gas drilling campaign in 2026, in a move officials say will strengthen domestic supply and reduce reliance on imports. Egypt plans its biggest Mediterranean gas drilling drive, targeting first output from West Meina by the end of 2026. Officials say the push will boost domestic supply…
Libya has awarded key fuel supply tenders to major Western energy traders, marking a significant shift away from Russian refined product imports as the North African producer restructures its oil sector. Libya has awarded major fuel supply tenders to Western energy traders, signalling a shift away from Russian imports. Companies including Vitol, Trafigura, and TotalEnergies…
Africa’s richest man, Aliko Dangote, has committed $1.1 million, to fund postgraduate business education in Nigeria, reinforcing a growing trend of billionaire-backed human capital investment across the continent. Aliko Dangote has pledged $1.1 million over five years to support postgraduate business education at Bayero University Kano’s Dangote Business School in Nigeria. The funding, disbursed through…
Nigeria is doubling down on digital innovation to fix what it calls a broken global payment system, one that keeps developing economies on the margins of trade and finance. Nigeria is leading a digital finance push to fix costly, fragmented cross-border payments. CBN Governor Olayemi Cardoso says inefficiency keeps millions out of global trade. The…
The United States has officially handed over a new, U.S.-funded maritime facility to the Government of the United Republic of Tanzania, a move that underscores growing defense and economic cooperation between the two nations. The United States has officially handed over a new maritime facility to the Tanzania People’s Defence Force in Tanga. The project…
Kenya’s High Court has ruled that I&M Bank can collect Sh864.7 million($6.7 million) from Buzeki Enterprises Ltd., saying a promissory note issued to the bank must be honored as written.The logistics firm is owned by businessman and politician Zedekiah Bundotich Kiprop (Buzeki). Kenya’s High Court has cleared I&M Bank to collect Sh864.7 million from Buzeki…
Ghana has paid 10 billion cedis, equivalent to about $910 million, in interest under its Domestic Debt Exchange Programme, marking the sixth coupon settlement since the country began restructuring its obligations during its worst economic crisis in a generation. Ghana has paid $910 million in interest under its Domestic Debt Exchange Programme, marking its sixth…
Moroccan property billionaire, Anas Sefrioui is committing more than MAD 3 billion (about $300 million) to a major mixed-use development in Abidjan, marking one of his most significant investments yet in Côte d’Ivoire’s commercial capital. Moroccan billionaire Anas Sefrioui is investing $300 million in a luxury mixed-use development in Abidjan’s Zone 4 district. The project…
Notwithstanding a year of unprecedented economic performance in South Africa, underscored by a five-year peak in job creation and an estimated Gross Domestic Product of $410 billion, the nation has commenced the current year with a dampened economic sentiment. South Africa started the year with low economic sentiment despite excellent performance in 2025, including record…
Somalia has officially joined the East African Community (EAC) passport system, becoming the bloc’s sixth member to issue the regional travel document. The move is expected to ease cross-border movement, boost trade, and strengthen regional integration. Somalia has officially joined the East African Community (EAC) passport system as its sixth member. This move is expected…
African defence technology startup Terra has raised $22 million in a follow-on round completed in under two weeks, barely a month after closing an $11.8 million funding round. African defence startup Terra has raised $22 million just weeks after closing an $11.8 million round, pushing its valuation above $100 million. The round was led by…
Kenya’s President William Ruto has convened an emergency summit of the East African Community, EAC, as the eight-nation bloc grapples with a funding shortfall of $89.37 million, placing its institutions under severe strain and raising fresh questions about the future of regional integration. Kenya’s President William Ruto has called an emergency EAC summit over an…
North Africa’s higher education landscape is showing steady depth and diversity in the latest Times Higher Education World University Rankings 2026, with institutions from both Morocco and Egypt making strong impressions on the regional and global stage. Business Insider Africa presents the top 10 universities in North Africa, according to latest ranking (2026). The list…
Africa’s internet scene is buzzing like never before. According to the Speedtest Global Index, Morocco is leading the pack in Africa, claiming the top spot for mobile internet speed at an impressive 123.87 Mbps. Business Insider Africa presents the top 5 African countries with the fastest internet speed. Some countries, like Morocco, lead in internet…
Uganda’s gold exports have surged from $1.26 billion in 2019 to $6.4 billion in 2025, marking a more than fivefold increase in just six years and making gold the country’s largest export commodity. Uganda’s gold exports have risen more than fivefold to $6.4 billion in six years. However, after imports, the net trade gain is…
South Africa’s tourism sector reached a historic milestone in 2025, welcoming a record 10.5 million international visitors despite travel warnings issued by Canada, the U.S., China and Australia, surpassing pre-pandemic figures and signalling renewed global confidence in the country as a premier travel destination. South Africa’s tourism sector achieved a record milestone in 2025, receiving…
British American Tobacco Plc had repeatedly warned the South African government that it might halt local production by the end of 2026 if authorities failed to curb the surge in illicit cigarette sales, according to its chief executive. British American Tobacco (BAT) has announced its intention to end its domestic production operations in South Africa…
From launching airstrikes aimed at terrorist groups in Nigeria to deploying a tactical team, the United States now intends to get an “assessment of Nigeria’s compliance with the International Religious Freedom. The United States has introduced the Nigeria Religious Freedom and Accountability Act of 2026 to combat religious violence and ensure religious freedom in Nigeria.…
The Langer Heinrich uranium mine in Namibia, which primarily supplies resources for nuclear power plants, is nearing its full operational capacity. The Langer Heinrich uranium mine in Namibia, partially owned by Paladin, is nearing its full production capacity by July due to rising uranium prices. Namibia, a pivotal player in the global uranium market, aims…
Nigeria has retained its position as Africa’s largest crude oil producer after raising output to 1.45 million barrels per day in March, according to the latest monthly report from the Organization of the Petroleum Exporting Countries. Nigeria has retained its status as Africa’s top crude oil producer, according to OPEC’s latest monthly report. The country…
African countries are entering 2026 deeply involved in the gold market, but from very different positions. On one hand, the continent’s major gold producers are exporting record volumes, generating billions in foreign exchange. African countries are responding differently to rising gold prices. While producers such as Ghana, Mali, South Africa and Burkina Faso continue exporting…
To protect its investment and cut its losses, sources claim that India is pulling out of a lithium project in the West African country of Mali. India has decided to withdraw from a lithium exploration project in Mali, citing security concerns in West Africa. This decision aligns with advisories issued by Western nations urging their…
Ethiopian Airlines, Africa’s largest and most profitable carrier, has reported $4.4 billion in revenue for the first six months of its 2025 to 2026 financial year, equivalent to roughly $4.5 billion in 2026 dollars when adjusted for inflation. Ethiopian Airlines has posted $4.5bn in half-year revenue, marking a 14 percent year-on-year increase. The carrier transported…
Zambia is gearing up to launch negotiations on a fresh IMF economic program, but officials say the deal will only be finalized once voters head to the polls in August. Finance Minister Situmbeko Musokotwane said that talks will start “almost immediately,” marking the most direct timeline yet from Lusaka. Zambia will open talks with the…
Zimbabwe’s cabinet recently gave its approval to draft legislation that aims to amend the constitution, potentially returning the country’s political situation to a familiar, concerning trajectory. Zimbabwe’s cabinet has approved draft legislation proposing to amend the constitution. The amendment seeks to extend the presidential term from five years to seven and to shift the presidential…
Angola’s state-owned diamond miner, Endiama, is aiming to scale production to 17 million carats by 2027, building on a record-breaking performance that strengthened the country’s standing in the global diamond industry. Angola’s state-owned diamond miner Endiama plans to increase production to 17 million carats by 2027 after hitting a record high in 2024. The milestone…
Kenya’s political and economic landscape is increasingly shaped not only by voters but also by powerful, often invisible billionaire networks operating behind the scenes, according to a 2026 Oxfam report. A new Oxfam report warns that Kenya is drifting towards a rule of the rich, driven by secretive billionaire networks. Politically connected tycoons are shaping…
Egypt has unveiled plans for a $1 billion mixed-use development on the Red Sea coast, showing its push to expand tourism capacity and attract more foreign investment into the sector. Egypt has announced a $1 billion mixed-use development project, the Monte Galala Towers and Marina, which will enhance tourism and foreign investment on the Red…
India’s largest state-owned refiners have sharply increased purchases of crude oil from West Africa and the Middle East in a notable shift away from Russian supplies as New Delhi seeks to strengthen its negotiating position with Washington on a potential trade deal, industry sources say. Indian Oil Corporation has bought six million barrels of crude…
The South African rand began the trading week firmer on Monday, gaining against the US dollar as key commodity prices recovered and the greenback eased. South Africa’s rand gained 0.5% against the US dollar on Monday, supported by higher gold and platinum prices. Gold climbed above $5,000 an ounce, boosting demand for commodity-linked currencies. A…
As African countries stare down the barrel of potentially tougher global financial conditions in 2026, access to foreign exchange (FX), especially considering the debacle of the gold market, presents a very interesting challenge. African nations are preparing for more stringent global financial conditions expected in 2026, emphasizing the critical need for foreign exchange (FX) accessibility.…
Oil has long been one of Africa’s most powerful economic assets. In Africa, Libya holds the largest proven oil reserves, estimated at 48.4 billion barrels, ranking ninth globally, according to the latest Global Firepower report. Business Insider Africa presents the top 10 African countries with the largest proven oil reserves in 2026. The list is…
As 2026 reaches its second month, military events continue to dominate headlines, looming as an unsettling factor that influences state sovereignty, economic confidence, and political stability throughout Africa. Military events prominently influence African countries’ sovereignty, political stability, and economic conditions as of early 2026. The strength and presence of a capable military are significant topics…
Three African countries which include Angola, Namibia, and the Democratic Republic of Congo (DRC) have agreed to deportation deals to take back foreign offenders and illegal migrants from the United Kingdom following threats of visa penalties. Angola, Namibia, and the Democratic Republic of Congo (DRC) have agreed to accept back their nationals who are illegal…
The state-owned mining outfit, Mutapa Platinum Group, in Zimbabwe, is actively seeking mining partners to facilitate the development of its $500 million platinum mine. Zimbabwe’s Mutapa Platinum Group has announced plans to develop a $500 million platinum mine in Darwendale, aiming to commence operations by the year’s Q1 end. The region, located in Mashonaland West,…
Ghana has pledged to import petroleum products from Nigeria’s Dangote Petroleum Refinery in Lagos, citing the limited capacity of its own refineries. Ghana has announced a plan to import petroleum products from Nigeria’s Dangote Petroleum Refinery, fostering increased intra-African energy trade. The Dangote Refinery, Africa’s largest with a 650,000 barrels-per-day capacity, has sufficient abilities to…
Ghana and Zambia have signed a landmark visa waiver agreement that will allow citizens of both countries to travel between the two nations without the need for visas, a move officials say will deepen people-to-people ties and unlock new economic opportunities. Ghana and Zambia signed a visa waiver agreement enabling citizens of either country to…
The Nigerian government has clarified reports around the presence of United States military personnel in Nigeria, emphasising they are non-combat advisers providing intelligence and training support at Abuja’s request as the country battles multiple security threats. The United States has deployed a team of military advisers to Nigeria at the request of the Nigerian government.…
South Africa, Africa’s richest country by GDP and home to the continent’s largest number of high-net-worth individuals, faces severe income inequality. South Africa is the richest African country by GDP, estimated at $410 billion in 2025. The country has the highest concentration of wealthy individuals in Africa, including 41,100 millionaires and eight billionaires. Despite wealth,…
Africa’s militaries may not match the global giants, but the continent quietly maintains a presence in strategic naval power, especially through submarines. On the continent, Egypt holds the lead with eight submarines, the largest fleet in Africa Business Insider Africa presents the African countries with the most submarines in 2026. The list is courtesy of…
Africa entered 2026 with a small but increasingly concentrated billionaire class, according to new data from UBS, reflecting how global wealth creation continues to favour a handful of large economies on the continent. Africa’s billionaire class experienced notable shifts in 2026, with significant wealth concentration evident in Nigeria, South Africa, and Egypt. Across the Middle…
Several African economies remain heavily dependent on imports, according to World Bank data, highlighting structural weaknesses that continue to leave the continent vulnerable to currency shocks, supply-chain disruptions, and global price volatility. Many African nations heavily rely on imports, demonstrating vulnerabilities such as exposure to global price volatility. Imports equate to large proportions of GDP…
The Democratic Republic of Congo (DRC) will export copper to Saudi Arabia and the United Arab Emirates through a U.S.-backed partnership with Mercuria Energy Group Ltd., as Washington seeks to challenge China’s dominance in critical metals. The Democratic Republic of Congo (DRC) is entering into agreements to export copper to Saudi Arabia and the UAE,…
South Africa will raise its national minimum wage by 5% from 1 March, bringing the hourly rate to R30.23 ($1.89), up from the previous rate of R28.79 ($1.80), the government announced on Tuesday. The South African government announced a 5% raise in the national minimum wage, effective from March 1, exceeding analysts’ expectations. Public works…
The United States is ramping up efforts to challenge China’s grip on Africa’s critical minerals, backing a $9 billion move to take a 40% stake in Glencore’s copper and cobalt mines in the Democratic Republic of Congo, a country central to global battery and clean energy supply chains. The United States is increasing its involvement…
The global mining sector is experiencing a renewed surge in interest, fuelled by record gold prices and rising demand for critical minerals linked to AI and electrification. The global mining sector is witnessing significant advancements, propelled by record gold valuation and the increasing necessity for minerals vital to modern technologies like AI and electrification. Innovation…
Burkina Faso’s mining sector delivered a historic performance in 2025, with national gold production hitting a record 94 tonnes, according to official figures presented by the Minister of Energy, Mines, and Quarries, Yacouba Zabré Gouba. Burkina Faso produced a record 94 tonnes of gold in 2025, marking a sharp rise from the previous year. Mining…
Nigeria’s expanding security partnership with Türkiye will not undermine its long-standing defence relationship with the United States, Defence Minister General Christopher Musa (retd.) has said, as Abuja leans further into a non-aligned security posture amid competing global powers. Nigeria upholds diverse defence partnerships to maintain a balanced international stance. The country continues its longstanding defence…
Nigeria has taken a major step toward establishing a domestic electric vehicle (EV) industry after signing an agreement with South Korea’s Asia Economic Development Committee (AEDC) to establish what officials are calling Africa’s first EV manufacturing plant. Nigeria has signed an agreement with South Korea’s AEDC to establish Africa’s first EV manufacturing plant. This initiative…
On January 30, 2026, the United States Department of State placed Niger under a Level 4 “Do Not Travel” advisory, its most severe warning, ordering the departure of non-emergency government personnel and their families due to escalating security threats. On January 30, 2026, the US Department of State announced a Level 4 ‘Do Not Travel’…
Egypt, Algeria, and Angola emerge in 2026 as Africa’s strongest air powers, according to Global Firepower, showing how investment in aircraft fleets has become a key marker of military influence. Business Insider Africa presents the top 5 African countries with the largest military aircraft fleet at the start of 2026. The list is courtesy of…
Liberia is counting on a wave of mining and energy agreements with multinational companies to unlock as much as $4.8 billion in fresh investment, as President Joseph Boakai seeks to accelerate growth in one of West Africa’s smallest economies. Key deals include mining projects by Ivanhoe Atlantic Inc. and ArcelorMittal SA, focusing on infrastructure and…
Canal+ SA, the French media group that recently acquired South African pay-TV operator MultiChoice in a deal valued at about $3 billion, is preparing to launch a unified streaming service across the region. Canal+ is considering launching its all-in-one streaming app for MultiChoice customers in South Africa. The French media group acquired MultiChoice in a…
The Diori Hamani International Airport on the outskirts of Niamey, Niger’s capital, recently came under an attack by suspected terrorists. A terrorist attack occurred at Diori Hamani International Airport in Niamey, Niger, resulting in significant casualties, including 24 individuals, alongside arrests and an immediate military response. Niger’s leadership commended Russian support during the assault’s aftermath…
The United States is recalibrating its Africa engagement around an investment-first strategy as competition for economic and geopolitical influence on the continent sharpens. The United States is shifting its approach to engaging with Africa, focusing on investment and infrastructure rather than aid This shift is exemplified by the Strategic Infrastructure and Investment Working Group, established…
French media group Canal+ has outlined significant cost-saving expectations from its $3 billion acquisition of South African pay-TV operator MultiChoice, sending its shares to record highs on Thursday, January 29, 2026. Canal+ expects close to $479 million in annual synergies from its $3 billion acquisition of MultiChoice by 2030. The French media group says it…
The Democratic Republic of Congo has confirmed plans to ship 100,000 metric tons of copper from a Chinese-run mine to the United States by the end of January, following its submission to the U.S. administration of a list of state-backed mining projects for potential investment The resource will be sourced from the Tenke Fungurume Mine,…
Mali’s Gold has traditionally been considered more than just a resource. Today, it serves as a strategic asset and geopolitical tool, influencing national policy, international investment, and political decision-making. Mali holds gold as a strategic and geopolitical resource, significantly impacting its economy and national policies. Historically influenced by external entities such as the World Bank,…
The persistent and detrimental issue of Nigeria’s power sector is currently being addressed with a significant government intervention aimed at resolving the perennial blackouts that plague the nation. The Nigerian government is addressing the country’s persistent power sector issues with a robust intervention plan. A total of $2.5 billion is being raised to address debts…
The United Arab Emirates is retiring its Dassault Mirage 2000‑9 fighter jets as it prepares to take delivery of new Rafale F4 multirole fighters from France, part of one of the largest Rafale export orders globally. The UAE is decommissioning its Dassault Mirage 2000-9 fighter jets as new Rafale F4 jets are introduced The transfer…
Over the last two decades, Chinese loans have played a significant role in shaping Africa’s infrastructure. Over the last two decades, Chinese loans have played an instrumental role in developing Africa’s infrastructure, addressing gaps in key sectors such as transportation and energy. Although Chinese lending has historically peaked in the early 2010s, recent trends indicate…
Several African economies, now including Zambia, which had in previous years encountered considerable economic challenges, have begun the new year with amazing economic gains. Several African economies are demonstrating a trend of economic recovery, with notable improvements in inflation rates. Zambia reported a decrease in the inflation rate to 9.4%, the first single-digit figure in…
Saudi Arabia and Nigeria have signed their first-ever bilateral agreement on the recruitment of general workers, creating a formal labour corridor between one of Africa’s largest economy and the Middle East’s biggest labour market. Saudi Arabia and Nigeria signed a bilateral agreement to establish a regulated labor recruitment partnership. The agreement aims to formalize Nigeria’s…
Mali has detained five senior managers linked to the local operator of the Yanfolila gold mine over alleged breaches of the country’s mining code, underscoring the government’s increasingly hardline approach to the extractive sector. The government of Mali has detained five senior managers from the Yanfolila gold mine’s operator over breaches of the mining code…
Africa, in the last decade, has emerged as one of the fastest-growing tech markets, given its rapid tech and mobile adoption, underpinned by a youth population. Africa has become a rapidly growing hub for technology, driven by high mobile adoption and a youthful population. Significant investments exceeding $180 billion have been made by advanced economies,…
China’s role as a major financier to developing nations has shifted over the past decade, with new loans to poorer countries dropping sharply while debt repayments continue to rise. Between 2014 and recent years, China transitioned from being a net lender to receiving net repayments from poorer countries, totaling $22.1 billion in the past five…
Zimbabwe’s economy is showing signs of potential stabilization, with a significant slowdown in annual inflation, which had been anticipated by the end of 2025. Zimbabwe’s economy is showing signs of stabilization, with inflation rates significantly decreasing. The Zimbabwe Gold (ZiG) currency has supported economic recovery, reflecting increased usage in transactions. Stricter monetary policies and foreign…
The United States has launched an airstrike in Somalia, targeting ISIS, the same terrorist group the U.S launched an offensive on in Nigeria. The United States, under President Donald Trump, has conducted airstrikes targeting ISIS militants in Nigeria and Somalia. On Christmas Day, a targeted attack occurred in northwest Nigeria aimed at Islamic State members…
Mali has moved to tighten its grip on the mining supply chain by taking a 51% controlling stake in a new industrial explosives company partnered with China’s Auxin Chemical Technology. Mali has taken a 51% ownership stake in a new explosives company in partnership with China’s Auxin Chemical Technology. The venture aims to establish local…
In a historic leap for the creator economy, Khaby Lame, the Senegal-born social media star whose wordless TikTok videos made him a household name, has transformed viral fame into one of the largest business deals ever seen from an individual content creator. Khaby Lame has secured a $900 million acquisition deal with U.S.-listed Rich Sparkle…
Libya, Africa’s largest holder of proven oil reserves, has secured a $20 billion investment from US and French energy giants in a landmark 25-year agreement aimed at reviving its oil sector and potentially positioning the country as Africa’s top oil producer. Libya has signed a 25-year landmark oil investment deal worth $20 billion with US…
Kenya’s East African Portland Cement (EAPC) is set for a transformative expansion after its majority shareholder committed $200 million (Sh25.8 billion) to modernise and scale up operations. Kenya’s East African Portland Cement (EAPC) plans a major expansion backed by a $200 million investment This funding aims to increase annual cement production from 1.3 million to…
Oranto Petroleum, founded by Nigerian multi-millionaire Arthur Eze, has challenged claims by the Senegalese government that it failed to meet obligations on the Cayar and St Louis offshore exploration licences, calling the narrative “unfair, unjustified and targeted.” Oranto Petroleum, a Nigerian oil and gas company, disputes Senegalese government claims regarding unmet obligations on offshore exploration…
Nigeria has awarded its first-ever floating solar power project to China Civil Engineering Construction Corporation (CCECC), marking a major step in the country’s renewable energy transition. Nigeria has launched its first floating solar power project, a 7-megawatt facility, through an award given to the China Civil Engineering Construction Corporation (CCECC). The solar installation will provide…
As the new year begins, African countries with limited exposure to International Monetary Fund (IMF) debt have a subtle but significant advantage. African countries with limited exposure to IMF debt hold a strategic advantage due to enhanced financial flexibility. Minimal IMF debt provides policy autonomy, enabling governments to address local economic challenges effectively. Low reliance…
A new artificial intelligence-driven health initiative backed by the Gates Foundation and OpenAI has triggered intense debate across Africa, underscoring long-standing trust issues that continue to shape public reactions to foreign-funded health interventions. The Gates Foundation and OpenAI have launched a $50 million AI-driven health partnership targeting African healthcare systems. Rwanda will serve as the…
White farmers in Zimbabwe have pinned their hopes on the United States’ president, Donald Trump, to help fast-track the compensation they were promised after a violent revolt in the 2000s led to the confiscation of their lands. White farmers in Zimbabwe, impacted by the violent land seizures in the 2000s, are seeking U.S. intervention to…
African airlines, particularly those based in South Africa, have emerged as one of the strongest performers for punctuality in the Middle East and Africa, according to Cirium’s 2025 On-Time Performance Report. Business Insider Africa presents the most punctual African airlines. Safair, a South African airline, achieved the highest on-time arrival rate in the Middle East…
U.S. President Donald Trump said he hopes to bring together the leaders of Egypt and Ethiopia to negotiate a resolution to the dispute over Ethiopia’s Grand Renaissance Dam, a project that Egypt and Sudan view as a serious threat to their vital water supplies. U.S. President Donald Trump suggested mediating the Nile Water Sharing dispute…
The Uganda National Oil Company (UNOC) and Alpha MBM Investments LLC, a firm based in Dubai, recently signed a significant $4 billion agreement for the construction of an oil refinery. The Uganda National Oil Company (UNOC) has partnered with Dubai-based Alpha MBM Investments LLC for a $4 billion refinery project. UNOC will own a 40%…
South Africa’s Nedbank Group has made an offer to acquire a 66% stake in Kenya’s NCBA Group in a cash-and-share transaction valued at 13.9 billion rand ($855.5 million). Nedbank Group, a South African banking entity, has proposed acquiring a 66% stake in Kenya’s NCBA Group for 13.9 billion rand. This transaction includes a blend of…
A Zambian energy trader is planning to invest $100 million in a power transmission line linking Zambia to its neighbouring country, Tanzania. A power transmission line connecting Zambia to Tanzania is proposed by Zambian energy trader Kanona Power Co., with an investment of $100 million. This project aims to support Zambia’s copper mine industry by…
The closure of refineries across Europe and North America is reshaping global fuel markets and elevating Nigeria’s Dangote refinery’s influence, according to a new report by energy intelligence firm Kpler. Refinery shutdowns across Europe and North America are tightening global fuel supplies and reshaping trade flows. Energy intelligence firm Kpler says the closures have raised…
Denmark has invested about $1.2 billion in Nigeria’s port infrastructure through APM Terminals and is preparing to expand its footprint, underscoring renewed foreign interest in Africa’s largest economy amid sweeping reforms in the maritime sector. Denmark has invested about $1.2 billion in Nigeria’s port infrastructure through APM Terminals, with plans for further expansion. The disclosure…
South Africa’s inflation is on course to meet the South African Reserve Bank’s (SARB) revised 3% target in 2026, with prices remaining broadly stable. South Africa’s central bank anticipates meeting its revised 3% inflation target by 2026, with inflation for 2025 forecasted at 3.2% to 3.4%. The main lending rate is currently 6.75%, with a…
Ethiopian Airlines, Africa’s largest carrier, has ordered nine Boeing 787 Dreamliner aircraft as it moves to meet rising demand for long-haul travel. Ethiopian Airlines has ordered nine Boeing 787 Dreamliner aircraft to enhance its long-haul fleet in response to rising international travel demand. This order aims to support the airline’s global network expansion, currently servicing…
Ghana has taken a decisive step towards keeping more value from its gold industry, signing a new agreement that will see the precious metal refined locally before export. Ghana has signed a new deal to refine gold locally, reducing its reliance on raw exports. The agreement involves GoldBod, Gold Coast Refinery, and South Africa’s Rand…
Senegal has revoked offshore exploration rights held by Atlas Oranto Petroleum, a privately owned upstream oil and gas firm founded by Nigerian energy entrepreneur Arthur Eze, reinforcing a tougher regulatory approach toward long-stalled licences. The decision aligns with Senegal’s commitment to enhance regulation in its energy sector and rapidly monetize hydrocarbon resources. Senegal revoked the…
On average, African passengers pay about 3.5 different charges on international departures, totalling roughly $68 in 2024, up from $66 in 2022. Business Insider Africa presents the top 10 African countries with the highest international flight taxes. The list is courtesy of AFRAA Taxes and Charges Study Review. In the most expensive markets, Gabon, Sierra…
South Africa’s richest man, Johann Rupert, whose net worth almost peaked at $20 billion a week ago, has posted nine-month earnings of the same amount, courtesy of his luxury goods holdings, Richemont. Johann Rupert has achieved significant financial success through his luxury goods holdings, notably Richemont. Richemont recorded impressive nine-month earnings of $20 billion, driven…
India has proposed that BRICS nations explore linking their official digital currencies to simplify cross-border trade and tourism payments, a move that could gradually reduce reliance on the US dollar as geopolitical tensions intensify. India’s central bank has proposed linking BRICS digital currencies to simplify trade and tourism payments. The plan could be tabled at…
In the 1990s, as Nigeria’s banking sector shifted from government and foreign control to a nascent class of local private investors, a $5 million opportunity caught Jim Ovia’s eye, setting the stage for what would become one of Africa’s most profitable banks. Jim Ovia founded Zenith Bank in 1990 with an initial capital of about…
Dangote Group has signed a $350 million deal with Indian engineering firm EIL to expand its flagship refinery and petrochemicals complex in Lagos, a move set to boost Nigeria’s industrial capacity and reduce Africa’s reliance on imported refined fuels. The project aims to increase the refinery’s capacity from 650,000 to 1.4 million barrels per day,…
Nigeria, Africa’s largest telecom market, is opening its skies to more satellite internet providers as Amazon LEO, the tech giant’s low-Earth orbit (LEO) satellite network, secures approval to operate across the country. Nigeria expands its satellite broadband market by issuing seven-year operation permits to Amazon, Israel’s NSLComm, and Germany’s Satelio IoT Services. These permits allow…
Nigeria’s current inflation rate registered a decline for the year, contrary to projections of an increase, as reported by the country’s bureau of statistics. The National Bureau of Statistics (NBS) reported a slight increase in Nigeria’s inflation rate in December 2025, now at 15.15%, following a revised computation method. Previously projected to rise significantly, the…
An American financial technology company, PayServices, has filed a lawsuit in a United States federal court against the Democratic Republic of Congo (DRC) and several senior government officials over a collapsed project to modernise the country’s banking and payments infrastructure. PayServices has filed a lawsuit in a U.S. court against the DRC over a failed…
The United States has authorised $413 million in funding for counter-insurgency and security operations in Nigeria and other parts of West Africa in the 2026 fiscal year, according to details of the new National Defence Authorisation Act signed into law in December 2025. The United States has approved $413 million for counter-insurgency and security operations…
A rare blue diamond weighing almost 42 carats has been unearthed in South Africa’s historic Cullinan Mine, with industry experts suggesting it could fetch in the region of $40 million at auction. A rare blue diamond weighing nearly 42 carats has been discovered at South Africa’s Cullinan Mine. Experts say the stone could fetch up…
South Africa’s legal tobacco industry is reaching a critical juncture as illicit cigarettes increasingly dominate the market, forcing one of the country’s oldest multinationals to close its only manufacturing plant. The illegal market has surged following the COVID-19 lockdown tobacco sales ban, creating entrenched illegal trade networks and significant tax revenue losses. Approximately 75% of…
Africa’s top gold producer, Ghana is reshaping its mining landscape as soaring global gold prices trigger a shake-up in long-term contracts. Ghana, Africa’s leading gold producer, is overhauling its mining policies in response to surging global gold prices. The government has annulled long-term mining agreements and increased gold royalties to capture higher revenues. Proposed reforms…
MTN has emerged as Nigeria’s best-performing mobile network in 2025, outperforming Airtel and Globacom across key indicators, including download and upload speeds, latency, browsing, and video streaming, according to a new report by global network testing platform nPerf. MTN has been ranked Nigeria’s best-performing mobile network in 2025 by global testing platform nPerf. The telco…
Coal India is stepping up efforts to secure access to rare earth minerals, scouting partnerships across Australia, Russia, Argentina, Chile, and several African countries as India moves to cut its exposure to China-dominated supply chains. Coal India is scouting rare earth partnerships across Africa, Australia, and Russia amid tighter Chinese export controls. The move signals…
The Democratic Republic of Congo is set to provide the United States with a catalogue of priority mining projects for potential investment by American companies. The Democratic Republic of Congo (DRC) has committed to presenting a prioritised list of mining projects to the United States for potential investments. This initiative stems from a strategic minerals…
As Ugandans proceed to the polls today to decide who their president for the next seven years will be, they may have just been handed an equalizer by Twitter founder Jack Dorsey to help protect their fundamental freedoms. Authorities in Uganda have implemented several measures to censor what goes out during its general elections, including…
Travelling can be difficult, especially as an African, with visa restrictions making some journeys more complicated than others. But as of early 2026, a few countries on the continent offer relatively greater mobility. Business Insider Africa presents the top 10 most powerful passports in Africa at the start of 2026. The list is courtesy of…
As 2026 begins, several African countries have already begun enjoying reprieve at the pump, with early signs of decreased fuel prices offering both immediate and long-term advantages for their economies. Fuel prices have begun to decrease in several African countries as of early 2026, offering potential economic and social benefits. South Africa has reported a…
A new US trade warning aimed at countries trading with Iran is putting several African economies under pressure, as Washington signals it is willing to escalate tariffs and review preferential trade access for partners it views as misaligned with its foreign policy objectives. This policy shift impacts African nations by potentially increasing export costs and…
Under a citizenship program endorsed by legendary Hollywood director Spike Lee, approximately 50 people of African ancestry have migrated back to Benin. The “My Afro Origins” program in Benin has facilitated the migration of over 50 individuals of African descent back to their ancestral homeland. Endorsed by influential figures such as filmmaker Spike Lee, the…
As the new year begins, Africa’s wealth ecosystem is already taking shape, with established names consolidating their positions at the top. The economic dynamics of Africa are taking shape as 2026 begins, with established business figures solidifying their influence. Wealth in Africa continues to be driven by industrial growth, resource exploitation, and energy investments. The…
South Africa has reached a major mining milestone after one of the world’s largest mine, operated by Ivanhoe Mines at the Platreef project in Limpopo province, produced its first concentrate and began ramping up operations toward a planned capacity of 5 million tonnes per annum (Mtpa). Ivanhoe Mines commenced initial concentrate production at the Platreef…
Inflation remained a major economic challenge across Africa in 2025, with several countries experiencing sharply rising consumer prices driven by currency instability, supply‑side pressures and structural economic weaknesses.. Global inflation moderated to an average of 4.2% in 2025, defying expectations amidst economic challenges. The United States witnessed inflation decline to 2.7% in 2025, reflecting broader…
Ghana has achieved a significant military milestone with the indigenous manufacture of its own Unmanned Aerial Vehicle, the AeriusPro. Ghana has locally developed the AeriusPro, an advanced Unmanned Aerial Vehicle (UAV) that represents a significant milestone in the nation’s military capabilities. The AeriusPro is deployed for surveillance in northern Ghana, addressing security challenges in Bawku…
The United Kingdom remains the dominant source of new foreign investment into Nigeria, supplying roughly 65 per cent of capital inflows over the past year, official government figures show, underlining the renewed appeal of Africa’s largest economy to international investors. UK investors accounted for about 65 per cent of Nigeria’s recent foreign capital inflows, according…
Florian Fournier, the former Marketing Director at the World’s most valuable company, Apple, and co-founder of the venture creator, OurWorld, has set his sights on building a cyber city (Network State) in the East African island nation of Zanzibar. Florian Fournier, co-founder of OurWorld, seeks to establish Dunia Cyber City in Zanzibar, inspired by the…
Ghana’s former Finance Minister Ken Ofori-Atta, who faces numerous corruption charges at home, has been detained by United States immigration authorities. Ken Ofori-Atta, Ghana’s ex-Finance Minister, faces detention by U.S. immigration authorities over his visa status. Ofori-Atta, under medical care in the US since 2025, seeks to resolve the visa issue through legal assistance. The…
Venezuela holds the largest proven crude oil reserves in the world, a staggering 303.221 billion barrels, according to the 2025 OPEC Annual Statistical Bulletin, far exceeding any individual African nation’s oil wealth. Venezuela holds the largest proven crude oil reserves globally at 303.221 billion barrels, surpassing African nations combined. The Orinoco Belt is central to Venezuela’s…
High rent levels have a significant impact on major African cities that serve as commercial hubs, such as Lagos, Nairobi, Johannesburg, Cairo, and Accra, particularly at the beginning of a new year. High rental costs significantly impact African commercial hubs like Lagos, Nairobi, and Johannesburg, influencing both individual and business economic stability. Rising rents force…
The Egyptian gold market achieved a record performance in the last fiscal year, mirroring the broader trends in the global gold market that prevailed during that period. Egypt’s gold market reached unprecedented milestones in the past fiscal year, reflecting global gold trends. In 2025, the Central Bank of Egypt reported a 71% annual increase in…
Nestlé’s recall of certain batches of infant nutrition products has expanded beyond Europe to Africa, the Americas and Asia, including Brazil, China and South Africa. Nestlé has expanded its recall of certain infant nutrition products internationally, impacting regions such as Africa, the Americas, and Asia. The recall involves products such as SMA, BEBA, NAN, and…
Nigeria, a key electricity supplier to other West African nations, recently disclosed the substantial outstanding electricity debt accumulated by these countries. Nigeria is a prominent electricity supplier for various West African countries. As of Q3 2025, Togo, Niger, and Benin collectively owed Nigeria $17.8 million in outstanding electricity debts. These nations settled $7.125 million out…
African and global investors are recalibrating their strategies after Saudi Arabia announced it will open its stock market to all categories of foreign investors from February 1, a landmark reform that lifted sentiment across Gulf equities and underscored the kingdom’s push to deepen capital market participation. Saudi Arabia has announced it will open its stock…
The United States under President Donald Trump has ordered federal agencies to begin withdrawing from a range of international organisations, a move that will directly affect several United Nations bodies dedicated to Africa’s development, diplomacy and global advocacy. The U.S. government has initiated a directive to withdraw from several international organizations, including key United Nations…
Africa’s hydrocarbon landscape continues to shape global energy markets, but the story beneath the surface is more complex than daily crude oil production figures alone. Africa’s energy sector is significantly influenced by its hydrocarbon reserves and output capabilities. Libya holds the largest proven oil reserves in Africa, being a strategic player on the continent’s energy…
Burkina Faso recently revealed that it has thwarted another coup aimed at the junta leader, Ibrahim Traoré. Burkina Faso recently thwarted a coup attempt aimed at junta leader Ibrahim Traoré. The coup was orchestrated by Paul-Henri Sandaogo Damiba, the former leader removed by Traoré in 2022. The plot involved detailed strategic plans to assassinate the…
Somali and U.S. forces carried out a joint helicopter and drone operation near Jilib, the main stronghold of al-Shabaab in southern Somalia, in what officials described as a key effort to disrupt the Islamist group’s leadership and operations. Somali and U.S. forces performed a targeted joint operation near Jilib, aiming to disrupt al-Shabaab leadership activities.…
The arrest and conviction of three Chinese nationals in the eastern Democratic Republic of the Congo has renewed scrutiny on how illicit finance networks help sustain conflict economies across parts of Africa. Three Chinese nationals have been convicted in eastern DRC for illegal mining and money laundering, spotlighting foreign involvement in conflict economies. Analysts say…
South African low-cost carrier FlySafair has been recognised as the most punctual airline in the Middle East and Africa, achieving an on-time performance score that outpaces even the world’s official top-ranked carrier. FlySafair’s operational efficiency stands out globally, exceeding even Aeromexico’s on-time rating of 90.02%. The airline executed 62,805 flights in 2025, demonstrating consistent precision…
The United States has expanded a contentious immigration policy that requires visa applicants from selected countries to post a financial bond of up to $15,000, extending it to seven additional nations, five of them in Africa. The United States has expanded its visa bond requirement to seven more countries, five of them in Africa. Applicants…
Africa’s digital and industrial infrastructure push is drawing fresh momentum from Zimbabwe, where Econet InfraCo says it is planning a large-scale, airport-adjacent industrial development backed by renewable energy and data capacity. Econet InfraCo is initiating a substantial industrial development project adjacent to the Robert Mugabe International Airport in Harare, Zimbabwe. The proposed location aims to…
The shockwaves from the recent US military operation in Venezuela, where President Nicolás Maduro was captured and flown to the United States, have reverberated around the world. African heavyweights are facing renewed calls for economic and monetary unity amid escalating US interventionism abroad. The US operation in Venezuela and warnings directed at Mexico and Cuba…
Crime levels can vary a lot from city to city, and Numbeo’s Crime Index gives a snapshot of how safe or risky life feels in different places. Six of the ten African cities with the highest crime scores are in South Africa. Business Insider Africa presents the top 10 African cities with the highest crime…
South Africa’s gasoline prices are set to fall to their lowest level in nearly four years, as a combination of falling global crude prices and a stronger rand eases the cost of fuel. Gasoline prices in South Africa are decreasing to their lowest level in nearly four years. The price decline is attributed to falling…
Travelers from six African countries are now facing higher costs and stricter scrutiny as the $250 Visa Integrity Fee, legislated in July 2025 and formally enforced from October 1, 2025, is fully applied alongside new digital and biometric requirements. Travelers from six African nations face increased visa application costs and stringent vetting procedures as of…
Benin and Niger have expelled each other’s diplomats, deepening a standoff between the two West African neighbours and highlighting growing diplomatic strain in the region. Benin and Niger have both expelled each other’s diplomats, marking a significant diplomatic standoff. The tensions escalated following Benin declaring two Nigerien officials persona non grata, prompting a reciprocal measure…
Angola has taken another step toward strengthening its upstream oil output and downstream energy security after the N’Dola Sul project officially began production in late December, bringing new barrels and gas into the country’s export and domestic supply chain. The N’Dola Sul offshore project in Angola commenced operations in December, aiming to enhance the country’s…
Ghana’s currency has recorded its first full-year gain against the U.S. dollar in more than 30 years, buoyed by surging gold prices, rising reserves, and a weakening greenback. Ghana’s cedi has achieved its first annual appreciation in over 30 years, increasing by approximately 41% in 2023. The strength of the cedi is attributed to high…
Somaliland has strongly rejected claims that it struck a secret military or political deal with Israel in exchange for diplomatic recognition, pushing back against allegations that the self-declared republic had offered Israeli basing rights or agreed to the resettlement of Palestinians on its territory. Somaliland has rebutted claims that it engaged in a covert agreement…
As 2026 begins, several African countries remain in the global financial spotlight due to elevated debt burdens, macroeconomic fragility, and ongoing negotiations with major international lenders alongside increased scrutiny from the Financial Action Task Force (FATF). The FATF issued a grey list categorizing countries with strategic deficiencies in anti-money laundering and terrorism financing measures. Eight…
HOF Capital, a fund co-founded by Onsi Sawiris of Egypt’s billionaire Sawiris family, and BlueFive Capital are in talks to acquire Porsche AG’s stake in the company that owns the Bugatti supercar brand. HOF Capital and BlueFive Capital are reportedly negotiating a joint acquisition of Porsche’s share in Bugatti Rimac. Discussions also include acquiring Porsche’s…
The African economy is powered by large commercial centers. They serve as entry points for trade, investment, and innovation by concentrating resources, talent, infrastructure, and opportunity. Large commercial hubs in Africa are pivotal to the continent’s trade and innovation development. Safety perceptions significantly influence urban economic competitiveness and international reputation. Insecurity leads to increased operational…
UK-listed Europa Oil & Gas has moved closer to drilling a large shallow-water gas prospect off Equatorial Guinea after sealing a farm-in agreement with a Chinese investor, strengthening momentum behind one of its most promising African assets. UK-listed Europa Oil & Gas has secured a Chinese partner for its high-impact EG-08 gas block offshore Equatorial…
Africa experienced the highest global tourism growth rate in early 2025, with North Africa and Sub-Saharan Africa showing notable increases. A ranking by Insider Monkey highlights ten African nations poised to dominate the global tourism market, driven by natural beauty, cultural depth, wildlife, and improving infrastructure. Africa experienced the highest global tourism growth rate in…
Long coasts, key sea lanes, and a strong reliance on maritime trade make naval might an essential component of national security and economic stability for many African countries. Maritime security is vital for African nations due to their high reliance on sea trade. Many countries face challenges with outdated or insufficient naval capabilities. Inadequate naval…
Israel on Friday became the first country to formally recognise Somaliland as a sovereign state, triggering a wave of condemnation from countries across Africa and the Middle East. Israel has formally recognised Somaliland as an independent state, making it the first nation to do so. This recognition has sparked widespread opposition from countries in Africa,…
Indonesia’s trade relationship with Egypt reached a new high in 2025, with Indonesian exports to the North African country valued at $1.59 billion in the first 10 months of the year, according to data from Statistics Indonesia. Indonesia’s exports to Egypt hit a record $1.59 billion in the first ten months of 2025. The milestone…
Axis International Ltd has filed a $28.9 billion arbitration claim against Guinea at a World Bank tribunal after the West African country revoked its permit to operate a bauxite mine earlier this year, the United Arab Emirates-based company said. Axis International Ltd has filed a $28.9 billion arbitration claim against Guinea due to the revocation…
Nigerian billionaire Femi Otedola has sold his controlling stake in Geregu Power Plc, one of Nigeria’s key electricity producers, in a $750 million deal. The transaction concludes a 12-year investment journey and signifies a massive profit of $618 million for Otedola. Femi Otedola finalized a $750 million divestment from Geregu Power Plc, marking a significant…
As African cities vie for investment, talent, and regional relevance, one characteristic increasingly distinguishes those who succeed from those who don’t: safety. Safety significantly influences the economic competitiveness of African cities. Safe cities attract more investors, businesses, and skilled professionals due to reduced operational uncertainties. An emphasis on urban safety fosters better municipal services and…
Sudan has produced 70 metric tons of gold in 2025, exceeding its national target by 13% despite ongoing conflict. Sudan exceeded its gold production target in 2025, achieving 70 metric tons despite ongoing conflict Gold mining contributed roughly $1.8 billion to Sudanese government revenue The conflict beginning in April 2023 initially devastated production, but operations…
Varun Beverages Ltd (VBL), led by Indian billionaire Ravi Jaipuria, is accelerating its African expansion with the acquisition of South Africa’s Twizza Proprietary Limited for roughly $125 million. Varun Beverages Ltd (VBL) is acquiring South Africa’s Twizza Proprietary Limited for approximately $125 million, expanding its footprint in Africa. VBL is diversifying its portfolio with operations…
The Federal Government has wiped out about $1.42 billion in historical debts owed by the Nigerian National Petroleum Company Limited to the Federation Account, in a move authorised by President Bola Tinubu after extensive record reconciliation. Nigeria has cancelled about $1.42 billion in historical debts owed by NNPC Ltd to the Federation Account after a…
A weak currency is rarely merely a financial annoyance in the economic reality of Africa. It frequently exacerbates suffering by increasing inflation, deepening poverty, discouraging investment, and impairing a state’s ability to withstand shocks. A weak currency significantly impacts inflation, poverty, investment, and economic stability in Africa. In 2025, several African currencies, including the South…
The United States has signed four new Global Health Cooperation Memorandums of Understanding (MOUs) with Ethiopia, Botswana, Sierra Leone and Madagascar, marking a major expansion of Washington’s health engagement in Africa under President Donald Trump’s America First Global Health Strategy. The United States has signed four new Global Health Cooperation MOUs with four more African…
Namibia has been recognised as Africa’s most authentic and demanding tourism destination by the African Tourism Board (ATB). Namibia has been named Africa’s most authentic tourism destination by the African Tourism Board. The country appeals to travellers seeking immersive, conservation-focused experiences. Namibia emphasises sustainable tourism, protecting over 40% of its land for conservation. Its vast,…
Paul van Zuydam has become South Africa’s newest dollar billionaire, joining the ranks of the country’s wealthiest individuals tracked by Forbes. Paul van Zuydam has been recognised as South Africa’s latest dollar billionaire with a net worth of $1.7 billion. Van Zuydam is the owner and chairman of Le Creuset, the renowned French cookware maker.…
Israel has formally recognised the Republic of Somaliland as Africa’s 55th independent and sovereign state, marking the most significant diplomatic breakthrough for the Horn of Africa territory since it declared independence from Somalia in 1991. Israel has officially recognized Somaliland as an independent and sovereign state, marking its first international recognition since 1991. The recognition…
Morocco has joined seven other African countries: Uganda, Egypt, Nigeria, South Africa, Tanzania, Ethiopia, and Zambia, facing growing delays in U.S. visa processing. Nine African countries, including Morocco, are facing extended U.S. visa processing times. Delays predominantly impact first-time B1/B2 applicants, students, business travelers, and family visitors. The rise in application numbers and stricter security…
U.S. President Donald Trump announced Thursday that American forces carried out airstrikes against Islamic State (ISIS) militants in northwest Nigeria, saying the strikes targeted extremist fighters he accused of killing “primarily, innocent Christians.” U.S. President Donald Trump announced airstrikes against ISIS militants in northwest Nigeria. The operation targeted extremists accused of attacking Christians. The Nigerian…
South Africa’s 123-year-old construction and engineering group, Murray & Roberts Holdings (MRH), has confirmed it will exit the Johannesburg Stock Exchange (JSE) in January 2026, ending its long history as a publicly-traded company. Murray & Roberts Holdings (MRH) will exit the Johannesburg Stock Exchange (JSE) in January 2026, marking the end of its long tenure…
Uganda National Oil Company (UNOC) has agreed to borrow up to $2 billion from a subsidiary of global commodities trading giant Vitol, marking one of the country’s largest energy-sector financing deals as it accelerates investment in domestic petroleum infrastructure. Uganda National Oil Company (UNOC) has secured a $2 billion loan from Vitol Bahrain E.C. to…
Across Africa, leadership is becoming a shared journey. Women are rising alongside men, driving influence across business, technology, culture, and philanthropy. Together, power couples are building legacies that extend far beyond individual success. Women across Africa are increasingly stepping into leadership roles, shaping the continent’s business, cultural, and philanthropic landscapes. Strive and Tsitsi Masiyiwa have…
A South African court has rejected a 54 billion-rand ($3.2 billion) settlement between the country’s energy regulator and power utility Eskom over a tariff-calculation error. The South African High Court rejected a R54 billion ($3.2 billion) settlement regarding an electricity tariff miscalculation involving Eskom. The court criticised the lack of transparency in the tariff adjustment…
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…
Mali, Burkina Faso and Niger have launched a joint military force to counter Islamist insurgencies in the Sahel, highlighting growing security and political tensions in West Africa as Nigeria seeks to assert itself as a regional stabiliser. Mali, Burkina Faso, and Niger formed a joint military force, FU‑AES, to counter Islamist insurgencies in the Sahel…
Nigeria’s push to rebuild domestic energy capacity received a major boost after Heirs Energies secured a $750 million financing facility from the African Export-Import Bank, one of the largest Africa-backed energy deals closed this year. Heirs Energies secured a $750 million financing facility from Afreximbank to expand domestic energy production in Nigeria. The funding aims…
For a few African countries, 2025 was characterized by acute fuel shortages, skyrocketing energy costs, and crippling supply disruptions that impacted everything from national security to education and economic stability. The Central African Republic had the highest fuel prices, with Zimbabwe, Malawi, Seychelles, Sierra Leone, Burkina Faso, Senegal, Cameroon, Uganda, Morocco, and Kenya often in…
Nigeria’s Lekki Deep Sea Port has registered roughly 13.46 trillion naira in combined imports and exports over the first nine months of 2025, equivalent to about $9.3 billion at current exchange rates. Lekki Deep Sea Port processed an estimated $9.3 billion worth of trade in its first nine months of the year. The performance has…
The global cryptocurrency industry lost more than $3.4 billion to theft in 2025, with North Korea-linked actors responsible for the majority of the stolen funds, according to Chainalysis’ latest Crypto Crime Report. The global cryptocurrency industry lost $3.4 billion to theft in 2025, with North Korean actors responsible for a significant portion. Africa’s rapidly expanding…
Johannesburg-born 108-year-old Anglo American Plc, a diversified global mining company, has received Canadian regulatory approval to merge with Canada’s Teck Resources Ltd., creating a $69 billion mining powerhouse and one of the largest transactions on record. Anglo American Plc, founded in South Africa, announced a merger with Canada’s Teck Resources Ltd., forming a $69 billion…
The Central African Republic (CAR) has embraced opaque cryptocurrency initiatives that may expose state assets to foreign criminal networks. The Central African Republic (CAR) adopted Bitcoin as legal tender in 2022, becoming the first African nation to take this step. President Faustin-Archange Touadéra supports cryptocurrencies, claiming they will fund infrastructure and development projects. The GI-TOC…
Through a combination of nuclear agreements, cultural exchanges, economic partnerships, and military cooperation, Russia is increasing its presence in Africa as the continent continues to chart its path toward greater economic self-reliance. Russia is deepening its presence in Africa through nuclear agreements, cultural exchanges, commercial partnerships, and military cooperation. Sergey Vershinin expressed Russia’s goal to…
Burkina Faso has released 11 Nigerian Air Force (NAF) pilots and crew members nine days after their detention, following high-level diplomatic intervention by the Nigerian government, easing tensions that had threatened to escalate into a wider diplomatic dispute between the two West African neighbours. Burkina Faso released 11 Nigerian pilots and crew after a diplomatic…
Dr. Awele Vivien Elumelu, a soft-spoken, low-profile business executive and investor, has been appointed chair of the board of Transcorp Hotels Plc, one of Africa’s most prominent hospitality companies. Dr. Awele Vivien Elumelu has been appointed chair of the board of Transcorp Hotels Plc from January 1, 2026. Transcorp Hotels Plc is a prominent Nigerian…
As African cities continue to develop rapidly, housing affordability has emerged as one of the most pressing concerns affecting urban life across the continent. African cities are witnessing rapid urban development, impacting housing affordability. The Price-to-Rent Ratio (P/R Ratio) is a key metric to compare the financial prudence of renting versus purchasing properties. A low…
South Africa has barred seven Kenyan nationals from entering the country for five years following their involvement in operations at a U.S.-run facility for Afrikaner refugees. South Africa has barred Kenyan nationals from entering for five years after arrests involving illegal work at a refugee application center. The deportations occurred following intelligence reports that identified…
Africa’s fuel market evolved dramatically in 2025, owing to refinery expansions, price volatility, export milestones, and changing supply tactics in many important oil-producing countries on the continent. Nigeria’s Dangote Petroleum Refinery played a pivotal role in Africa’s fuel market developments in 2025. Africa’s fuel affordability varied widely, influenced by local refineries, government policies, and global…
Diageo, the world’s largest spirits maker, has agreed to sell its stake in East African Breweries Ltd. to Japan’s Asahi Group Holdings Ltd. for $2.3 billion. Diageo is selling its 65% stake in East African Breweries Ltd. to Japan’s Asahi Group Holdings Ltd. for $2.3 billion. The sale includes shares in East African Breweries and…
The United States has expanded its travel restrictions to include several countries, targeting states aligned with the Alliance of Sahel States (AES) alongside Nigeria and other African nations. President Trump outlined new U.S. entry restrictions targeting several countries, including African nations and Syria The restrictions aim to enhance national security by improving vetting, information-sharing, and…
Econet Wireless Zimbabwe Ltd. has moved to delist from the Zimbabwe Stock Exchange, after years of trading at a steep valuation discount to regional peers. Econet Wireless Zimbabwe Ltd. plans to delist from the Zimbabwe Stock Exchange, citing undervaluation compared to regional peers. The company intends to restructure by spinning off its infrastructure assets into…
Across the world, the internet has become central to how people work, learn, bank, and stay connected. Yet for hundreds of millions of people, especially in Africa, going online is still not part of daily life. The internet has become vital globally, but significant portions of populations, notably in Africa, remain offline. We Are Social’s…
South Sudan has grounded four aircraft linked to United Nations operations, citing security risks and suspected involvement in smuggling, in a move that has raised fresh concerns over aviation safety and relations with international partners. South Sudan has grounded four UN-operated aircraft over security concerns and alleged smuggling accusations. Investigations revealed potential unauthorized surveillance systems…
Elon Musk’s debacle with South Africa, concerning his satellite internet service, Starlink, continues to linger, with some of the country’s parliamentary members maintaining their objections. South African parliamentary members oppose SpaceX’s Starlink due to ICT licensing concerns. Economic Freedom Fighters demand compliance with local laws ensuring 30% Black ownership. A proposal to adjust regulations for…
An Indian billionaire and six other international groups have entered the race to deliver South Africa’s long-awaited $25 billion electricity transmission upgrade, a project seen as critical to fixing one of Africa’s most constrained power systems. South Africa has pre-qualified seven global consortia for its $25 billion electricity grid expansion. Indian billionaire Gautam Adani’s power…
Nigeria has awarded permits to 28 companies to capture and commercialise gas that is currently being flared by the oil industry, in a bid to reduce emissions and generate revenue from a previously wasted resource. Nigeria has granted permits to 28 companies to capture flared gas from oil operations to reduce emissions and generate revenue.…
Africa’s housing deficit remains one of the continent’s most pressing development challenges, driven by rapid population growth, accelerating urbanisation, and rising construction costs. African housing leaders have warned that rapid urbanisation and population growth are widening the continent’s housing gap. Namibia announced plans to build 50,000 homes this financial year under a presidential directive. Nigeria’s…
Canada has issued a travel advisory urging its citizens to exercise a high degree of caution when visiting South Africa, citing persistent violent crime and personal safety risks. The advisory highlights threats including violent and petty crime, road crime, and airport-related theft. Canada has issued a travel advisory urging caution when visiting South Africa due…
South Africa’s Border Management Authority has disrupted two suspected human trafficking operations at OR Tambo International Airport, intercepting 30 foreign nationals whose travel patterns and documents raised red flags for border officials. South Africa’s Border Management Authority has intercepted 30 foreign nationals at OR Tambo International Airport in two suspected human trafficking cases. Fourteen Ethiopians…
South Africa’s rand firmed in early Friday trading, helped by stronger gold prices as investors positioned themselves for a busy week of economic data. South Africa’s rand firmed against the dollar, supported by a rally in global gold prices. Investors are watching November inflation data due on 17 December for clues on economic momentum. Analysts…
The Dangote Petroleum Refinery has received its second-ever crude shipment from Ghana, coinciding with a sharp drop in its crude imports from Europe. The Dangote Petroleum Refinery received its second crude shipment from Ghana, Sankofa grade, adjusting its feedstock mix amidst reduced European imports. Between September and November, daily crude deliveries averaged 380,000 barrels, a…
The Aliko Dangote Foundation, chaired by Africa’s richest man, has committed ₦1 trillion ($688 million) to strengthening Nigeria’s education sector over the next decade. The Aliko Dangote Foundation committed ₦1 trillion ($688 million) over a decade to strengthen Nigeria’s education sector. The initiative will start by supporting 45,000 students and scale to 1.33 million beneficiaries,…
Egypt’s Civil Aviation Ministry has launched a tender for private companies to manage, operate, and develop Hurghada International Airport. Egypt’s Civil Aviation Ministry is tendering to private companies for operating and developing Hurghada International Airport. This initiative aims to involve private operators in managing 11 Egyptian airports while retaining public ownership. Hurghada International, Egypt’s second-busiest…
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…
France provided intelligence and logistical assistance to Benin to help foil Sunday’s coup attempt. France aided Benin in foiling a coup attempt with intelligence and logistical support. Benin successfully thwarted a mutiny on Sunday, as announced by its President. Collaboration included Nigeria providing military support at Benin’s request. The situation highlights democratic challenges in West…
The chief executive of South Africa’s retail giant, Woolworths, sold roughly R36.85 million (about $2.16 million) in company stock on 5 December 2025, a move that comes as the firm faces growing scrutiny over executive remuneration. Woolworths CEO Roy Bagattini has sold shares worth about R36.85 million, adding pressure to an already heated debate over…
A C-130 aircraft transporting 11 Nigerian servicemen is reportedly being detained in Burkina Faso following accusations of airspace violation. A Nigerian military aircraft, carrying 11 personnel, is detained in Burkina Faso for alleged airspace violation. Burkina Faso, a member of the Alliance of Sahel States, claims the aircraft’s presence was an unfriendly act that breached…
The problems of high rent and soaring rent indices have grown more apparent in African cities as 2025 draws to a close. Housing expenses dominate budgets for urban dwellers, affecting financial and social dynamics. High rents impact mobility as people choose distant housing, influencing commute costs and productivity. Businesses face challenges due to commercial rent…
Bolttech, a Singaporean insurance tech firm, has acquired Kenyan digital insurance platform mTek in a deal that marks a significant push into Africa’s fast-growing protection market. Bolttech has acquired the Kenyan insurtech platform mTek as part of a broader strategy to deepen its presence in Africa. The deal positions Nairobi as a key regional hub…
The Nigerian government has revealed its fighter jets and ground forces helped Benin’s army thwart an attempted coup in Cotonou, marking the latest flashpoint in a region increasingly destabilised by military uprisings. Nigeria’s armed forces supported Benin’s military in quelling a coup attempt in Cotonou. Benin requested air and ground military aid from Nigeria to…
China has offered a significant boost to Nigeria’s export ambitions after its ambassador in Abuja, Yu Dunhai, announced that Beijing is prepared to fast-track a zero-tariff policy for Nigerian goods ahead of schedule. China has announced it will fast-track zero-tariff access for Nigerian exports, strengthening bilateral trade. The announcement came during a meeting between Ambassador…
South Africa has been included among eight countries set to enjoy visa-free access to Bolivia, a move seen as recognition of its growing influence on the global stage. South Africa is now among eight countries granted visa-free access to Bolivia in recognition of its growing global influence. Bolivia’s new policy aims to foster pragmatic international…
One of Africa’s largest gold producers, South Africa, has opened a new gold underground mine, with the intention of capitalizing on gold’s rising prices. South Africa has commissioned a new underground gold mine, the first in 15 years, to embrace rising gold prices. Global gold prices have reached unprecedented levels, influenced by trade tensions and…
The United States has moved to enforce its threat, snubbing South Africa at the upcoming G20 summit and instead extending an invitation to a major European ally, Poland. The US excluded South Africa from the next G20 summit, inviting Poland instead. US Secretary of State Marco Rubio stated Poland’s economic rise and alignment with US…
The U.S. International Development Finance Corporation (DFC) has agreed to move forward with a $1 billion debt-for-food security swap with Kenya, a deal aimed at replacing expensive debt with lower-cost financing. The U.S. International Development Finance Corporation (DFC) has committed to a $1 billion debt-for-food security swap with Kenya. This agreement aims to alleviate Kenya’s…
Africa is rapidly integrating the AI revolution into its ecosystem. While some countries are embracing the technology, expanding access, and increasing usability, others continue to lag behind. Africa is incorporating artificial intelligence (AI) into various sectors, with varying rates of adoption among nations. AI adoption globally has surpassed previous technologies, with over 1.2 billion users…
The United States has confirmed that it will not invite South Africa to the 2026 G20 Summit, marking a sharp diplomatic rebuke as Washington prepares to host the gathering of major economies in Miami next December. The United States has confirmed it will not invite South Africa to the 2026 G20 Summit. Washington says Pretoria’s…
Africa’s stake in international conflicts, specifically, the Russia-Ukraine war, has been highlighted yet again, this time with implications that Africa is serving as a proxy. Africa is increasingly seen as a proxy zone in international conflicts, particularly influenced by the Russia-Ukraine war. BRICS VP Ahoua Don Mello noted Ukraine’s attempts to counter Russian presence in…
South Africa’s largest mobile operator, Vodacom Group Ltd., is set to take control of East Africa’s biggest telecom, Safaricom Plc, in a multi-billion-dollar deal. Vodacom Group Ltd. plans to acquire significant stakes in Safaricom Plc, valued at $2.1 billion. The deal involves purchasing shares from the Kenyan government and Vodafone International Holdings BV. This will…
Mobile-money platforms across Africa processed roughly $81 billion in transactions last year, and December’s festive transfers could push that figure even higher. A new report projects a rise in cyberattacks across Africa as mobile money transfers hit their annual peak in December. Holiday-themed phishing scams, SIM-swap fraud, and social-engineering tactics are targeting users sending money…
According to figures issued on Wednesday by the Ghana Statistical Service, the country’s consumer inflation fell to 6.3% year on year in November, down from 8.0% in October, extending its reduction for the 11th consecutive month. Ghana’s consumer inflation dropped to 6.3% in November, marking an 11-month consecutive decrease from its peak of 54% in…
After years of reputational damage tied to state-capture controversies, McKinsey is pursuing a careful reset in South Africa, emphasising internal reforms and improved oversight as it seeks to repair strained relationships with clients and regulators. McKinsey is working to restore its reputation in South Africa through internal reforms and improved oversight. The firm has implemented…
Ghana is preparing to make its first foray into nuclear energy, targeting 2027 to begin construction of its first nuclear plant on a dual-site designed to diversify the country’s power mix. Ghana plans to begin construction of its first nuclear power plant by 2027 to diversify its energy mix. Two sites have been identified for…
Guinea has officially launched the Simandou iron-ore complex, the largest untapped high-grade deposit in history, in a move set to reshape global trade and regional development. Guinea has launched the $23 billion Simandou iron-ore project, the world’s largest high-grade deposit. The mine will produce 120 million tonnes annually, supplying nearly 10% of China’s iron-ore imports.…
The United States is ramping up counterterrorism operations across the Horn of Africa as intelligence warnings point to a renewed surge in ISIS-linked cells and al-Shabaab attacks, raising fresh concerns over regional stability and the safety of key U.S. partners. The U.S. is intensifying counterterrorism efforts in the Horn of Africa, targeting ISIS-linked cells and…
The Nigeria International Trade Fair has come back to life after 14 years of inactivity, marking one of the biggest revivals of a federal commercial program in recent memory. The Nigeria International Trade Fair Complex has been revived after 14 years. The revival aims to reinforce Lagos’s role as a strategic regional marketplace and gateway…
Nigeria has approved security protection for Guinea-Bissau opposition presidential candidate Fernando Dia Da Costa at its embassy in the capital Bissau, its foreign ministry said, after a disputed power shift triggered fears for his safety. Nigeria has deployed security protections for Guinea-Bissau opposition candidate Fernando Dia Da Costa after concerns about his safety. The move…
The Southern African country of Namibia recently made a crucial move toward enhancing its space capabilities with the official handover and takeover of the China-Aided Satellite Ground Data Receiving Station (SGDRS). Namibia officially acquired the China-Aided Satellite Ground Data Receiving Station (SGDRS), marking a milestone in its space technology initiatives. The handover event involved the…
Russia is set to establish a full embassy in Moroni, the capital of the Union of the Comoros, in 2025, following approval from Moscow and an “ad hoc” proposal from the Russian Ministry of Foreign Affairs. Russia plans to open a full embassy in Moroni, Comoros by 2025 as approved by Moscow. The move is…
Sudan and Russia have resumed discussions over a deal under which Moscow would provide Su-30 and Su-35 fighter jets in exchange for rights to a naval logistics facility on the Red Sea. Russia’s plans for establishing a logistical hub in Port Sudan have been delayed indefinitely due to conflict, halting active construction efforts for now.…
The Dangote Petroleum Refinery has announced a major fuel supply intervention designed to guarantee national availability through the festive season and into early 2026. Dangote Petroleum Refinery plans to supply 1.5 billion litres of PMS monthly in December 2025 and January 2026. Supply will rise to 1.7 billion litres monthly from February 2026, ensuring continuous…
Ghana’s government is moving to acquire an offshore exploration block regarded as one of the country’s most valuable undeveloped deepwater petroleum assets. The government of Ghana plans to acquire a valuable offshore exploration block containing significant oil and gas reserves. This asset, identified by Springfield E&P, includes over 1.5 billion barrels of oil and 1.2…
Senior figures in India’s opposition have pressed Prime Minister Narendra Modi to defend South Africa after former United States President Donald Trump declared that Pretoria would be barred from next year’s G20 Summit in Miami. India’s Congress Party has urged Prime Minister Narendra Modi to defend South Africa after Donald Trump announced that Pretoria would…
Prosus, indirectly owned by one of Africa’s richest men, Koos Bekker, led a Series A funding for Flexion, resulting in a $50 million investment for the very promising robotics software companies. Prosus Ventures led a Series A funding round for Flexion, investing $50 million in the robotics software company. Flexion develops general-purpose intelligence technology for…
Ivory Coast, the world’s top cocoa producer, is now setting its sights on becoming a major player in Africa’s oil industry. Ivory Coast aims to become a major oil producer in Africa by expanding crude and natural gas outputs by 2035. The energy sector initiative seeks to diversify the country’s economy beyond its reliance on…
The tech giant Apple is currently defending against a lawsuit alleging the use of minerals sourced from the Democratic Republic of Congo, which are purportedly linked to conflict and human rights violations. Apple faces allegations of using minerals sourced from conflict areas in the Democratic Republic of Congo. The company strongly denies the claims, asserting…
Dangote’s push into Europe’s diesel market has hit a stumbling block as buyers raise concerns over sulfur levels and the region’s stricter winter fuel requirements. Dangote Petroleum Refinery faces challenges exporting diesel to Europe due to high sulfur content exceeding EU winter fuel standards. European importers refuse Nigerian diesel despite potential supply gaps caused by…
Zimbabwe aims to establish a robust foreign-exchange buffer, enabling the transition to a single national currency and the eventual phase-out of the widespread use of US dollars. Zimbabwe plans to establish a foreign-exchange buffer to transition to a single national currency by 2030. The deputy central bank governor stated reserves will suffice for three to…
The United States has escalated its standoff with South Africa, with President Donald Trump announcing that Pretoria will not be invited to next year’s G20 meetings in Miami. The United States, under President Trump’s leadership, decided to exclude South Africa from the 2026 G20 summit hosted in Miami. This marks a significant departure from the…
Africa has experienced a wave of coups and military takeovers over the past five years, creating an unstable political landscape across several regions. Seven African nations are under military rule as of November 2025, with Mali, Burkina Faso, and Niger leading the list. Coups and prolonged transitions have replaced civilian governments across the continent. Political…
Former Nigerian President Goodluck Jonathan is among hundreds of foreign dignitaries and election observers stranded in Guinea-Bissau after the country’s armed forces abruptly seized power, suspended the electoral process, and shut all borders. A sudden military takeover in Guinea-Bissau has left former Nigerian President Goodluck Jonathan and other foreign observers unable to leave the country.…
A new United States Senate bill aiming to extend the African Growth and Opportunity Act for two years has triggered fresh diplomatic tension by proposing the explicit removal of South Africa from the trade programme. A new US Senate bill seeks to renew AGOA for two years but explicitly removes South Africa from the programme.…
South Africa has formally handed over the G20 presidency to the United States, concluding a week of delicate diplomatic manoeuvring over protocol and representation. South Africa has officially transferred the G20 presidency to the United States. The handover was conducted in a modest ceremony in Pretoria without heads of state present. Both governments agreed to…
Zimbabwe is preparing to introduce one of its toughest enforcement regimes yet for the mining sector, with companies set to lose their licences if they fail to meet environmental standards. Zimbabwe is preparing a sweeping reform that could strip mining companies of their licences for environmental violations. Mines Minister Winston Chitando says the new Responsible…
New Balance opens a new store at Somerset Mall in Cape Town as American companies expand into South Africa, the continent’s most diversified economy. New Balance has opened a new store in Somerset Mall, Cape Town, marking its 16th store in South Africa, with future plans to open four more by 2026. The store introduces…
Kenya continues to face a high risk of debt distress, according to the World Bank’s latest economic update. The World Bank warns Kenya remains at high risk of debt distress, with public debt climbing to 68.8% of GDP in FY24/25. Domestic borrowing now makes up over half of total debt, driven by infrastructure and social…
Africa’s corporate landscape in 2025 is defined by a mix of financial powerhouses, telecom giants, and globally influential resource companies. Africa’s corporate landscape in 2025 is dominated by financial, telecom, and mining giants, with South Africa leading the rankings. Naspers retains its position as the continent’s most valuable company with a valuation of $40.4 billion.…
Mali received 82 fuel tankers from neighbouring Niger on Sunday, following a 1,400-kilometre journey from Niamey to Bamako, as the country confronts a deepening fuel crisis and rising pressure from regional insurgencies. Mali has received 82 fuel tankers from Niger as assistance amidst a critical fuel shortage in the country. These tankers covered a 1,400-kilometer…
Africa’s relationship with gold spans centuries, long before formal mining companies arrived on the continent. From the sprawling reefs of South Africa to emerging discoveries in East and North Africa, gold has sustained economies, created jobs, and attracted generations of miners and investors. Africa’s association with gold dates back centuries, serving as a wealth store…
United States and European oil giants are set to return to Libya, eligible for the country’s first oil exploration bidding in 18 years. Major energy companies are returning to Libya, seeking new oil and gas reserves nearly 15 years after political unrest. Libya’s National Oil Corporation announced plans for a public exploration bid round involving…
Morocco has secured $420 million from Japan to improve irrigation, boost farming, and strengthen water management as it battles worsening droughts and water scarcity. Morocco signed a $420.1 million loan agreement with Japan for a hydro-agricultural project in the Gharb region. The signing was attended by Moroccan officials and representatives from Japan and JICA. Morocco…
Morocco has been selected as the only African country included in a new $303.6 million U.S. Foreign Military Sales (FMS) contract for F-16 radar repair and support services awarded to Northrop Grumman Systems Corp. Morocco has been included in a recent $303.6 million U.S. Foreign Military Sales contract for F-16 radar repair services by Northrop…
A growing network of women solar technicians in Zanzibar is helping to replace smoky kerosene lamps with clean energy, bringing light, skills, and new opportunities to rural communities. Zanzibar’s solar mamas are transforming rural life by replacing smoky kerosene lamps with clean solar home systems. Trained by Barefoot College International, the women technicians have already…
Duduzile Zuma, daughter of former President Jacob Zuma, is at the centre of a growing scandal after different families revealed she helped send young Southern African men to Russia, where they were later deployed to the war in Ukraine. Allegations suggest the recruits were misled, believing they were participating in a security training program but…
South African billionaire Patrice Motsepe has urged the country to shed its reputation for high crime if it hopes to attract more investment. Patrice Motsepe emphasised the need for South Africa to tackle its high crime rates to attract more investment. He highlighted the country’s enormous potential and the strength of its businesses and leaders.…
The United States has formally warned South Africa against issuing a joint declaration at this weekend’s G20 summit in Johannesburg, citing its decision to boycott the meeting. The United States has expressed opposition to South Africa’s push for a joint G20 declaration, advocating for a Chair’s Statement format. Washington’s stance stems from disagreements over Pretoria’s…
South African executive Thabo Mabe has been appointed Group Managing Director and CEO of Dangote Sugar Refinery Plc, effective December 1, 2025. Thabo Mabe has been appointed Group Managing Director and CEO of Dangote Sugar Refinery Plc, effective December 1, 2025. His role will replace Ravindra Singhvi, who steps down on November 30, 2025, after…
Russian President Vladimir Putin will host Togo’s President Faure Gnassingbé at the Kremlin on Wednesday for talks aimed at deepening relations between Moscow and the small West African nation. Russian President Putin hosts Togo’s President Gnassingbé to deepen bilateral relations. Discussions focus on peace, security, development, and sectoral cooperation. Leaders plan to address global issues…
South African investors have delivered a stark message to the UK, arguing that economic mismanagement and painfully slow delivery of infrastructure make it “uninvestable” at present. South African investors Jonathan Oppenheimer and Magda Wierzycka say the UK has become challenging to invest in due to sluggish infrastructure delivery and policy missteps. Oppenheimer argues that the…
Lawrence Musyimi Ngao, the director and CEO of the Kenyan supermarket chain Uchumi, is facing criminal charges after being accused of stealing a chimney extractor fan valued at approximately US$1,046, the property of Hotspot Coffee Lounge Limited. Uchumi CEO Lawrence Ngao faces charges of stealing a chimney extractor fan valued at $1,046 from Hotspot Coffee…
Nestle, the global food and beverage giant, is facing scrutiny for adding sugar to baby cereals sold across Africa, a practice that has sparked criticism from civil society groups and public health experts on the continent. Nestle is facing criticism for adding sugar to baby cereals sold in Africa while equivalent products in Europe are…
Zambia will this week host a Chinese premier for the first time in 28 years, a landmark visit that comes as the copper-rich nation emerges from a bruising financial crisis and positions itself for renewed investment. Chinese Premier Li Qiang visits Zambia, marking the first visit in 28 years as Zambia recovers from financial distress.…
Ethiopia has taken a major step toward expanding its industrial base after a Russian company signed a $1billion agreement to build a 500,000-ton aluminium plant in the country. Ethiopia signed a $1 billion agreement with Russian company RUSAL to build a 500,000-ton aluminium plant. The project aims to position Ethiopia as a competitive aluminium supplier…
Africa is steadily advancing toward a Single Digital Market by 2030, an ambitious vision championed by the Smart Africa Alliance. This year’s seventh Transform Africa Summit (TAS), held in Conakry, brought together heads of state, policymakers, and technology leaders for three days of discussions on the continent’s digital future. The summit, organised by Smart Africa…
Recent reports indicate that some Palestinians paid for seats on a chartered flight to South Africa, raising questions about whether the evacuation was purely humanitarian. Their unexpected arrival reportedly took even South African President Cyril Ramaphosa by surprise. Some evacuees reportedly paid $2,000 per seat for the flight, raising concerns over the irregularities of the…
A cybersecurity breach in Somalia’s electronic visa (e-visa) system has exposed the personal data of 35,000 travelers, including citizens from South Africa, Uganda, Somalia, and Ethiopia, with Kenya topping the list globally with over 13,000 affected. A cybersecurity breach in Somalia’s e-visa system exposed personal details of 35,000 travelers. The breach affected individuals from 25…
Africa’s electricity demand is expected to grow steadily over the coming decades. According to the IEA, overall energy demand could increase by around 60% by 2040 under current policies. While growth is significant, countries vary widely in their nuclear preparednes, some are ready, others are almost ready, and many are still far off. Africa’s electricity…
Despite rising global conflicts and deteriorating peacefulness worldwide, several African countries continue to maintain peace, stability and safety for their citizens. The 2025 Global Peace Index (GPI) indicates a global decrease in peacefulness, with a deterioration of 0.36 percent. Africa shows mixed performance, with half of its countries improving in peace rankings while the other…
Across Africa, diesel remains one of the most important fuels for economic activity, powering everything from public transportation and freight logistics to industrial machinery and agriculture. Compared to last month’s global average diesel price of $1.23 per liter, the new global average of $1.24 per liter saw Libya experience a slight price increase. Diesel prices…
Ghana is preparing to abolish value-added tax on mineral exploration and reconnaissance activities in a major policy shift aimed at reviving investment in its mining sector. Ghana plans to abolish the VAT on mineral exploration and reconnaissance activities to attract investments in the mining sector. The elimination of the 15% VAT aims to lower costs…
Morocco has achieved a historic milestone by exporting 1,200 tonnes of lemons to the United Kingdom over ten months, surpassing the total volume shipped in the last decade. Morocco has exported 1,200 tonnes of lemons to the UK, valued at $1.02 million, breaking a decade-long record. The country jumped from 31st to 11th place among…
Kenya Railways has unveiled plans to sell off city‑centre assets worth KSh16 billion (approximately $123 million) to settle long‑overdue pension obligations under its Staff Retirement Benefits Scheme. Kenya Railways is set to sell prime city assets worth $123 million to settle pension arrears. The move targets Makongeni and Ngara estates, amid delayed payments to retirees. Funds from the sales…
Rising violence in Mali has forced Ivory Coast to implement an emergency border lockdown. Officials say the measure is necessary to manage the sudden influx of refugees fleeing attacks in the southern part of the Sahel nation. Ivory Coast enhanced its northern border security due to a surge in Malian refugees fleeing violence in Mali.…
Uganda is accelerating efforts to end its dependence on imported petroleum products, following the signing of new commercial agreements tied to its long-awaited US$4 billion refinery project. Uganda has signed key agreements to advance its $4 billion oil refinery project aiming to reduce petroleum import dependence. The refinery will process 60,000 barrels per day and…
Guinea has begun exporting iron ore from Simandou, home to the world’s largest untapped reserves of the mineral. Guinea has begun exporting iron ore from the Simandou mines, which host the world’s largest untapped reserves. The Simandou project has been developed to transform Guinea’s economy, positioned as Africa’s second-largest mineral exporter. The project includes a…
The Central Bank of Kenya (CBK) is inviting investors to inject approximately $260 million (Sh40 billion) into the government’s coffers through the reopening of two long-term Treasury bonds, aimed at supporting the national budget. The Central Bank of Kenya (CBK) is seeking $260 million (Sh40 billion) from investors through the reopening of 15-year and 25-year…
Kenya has estimated that around 200 of its nationals are currently fighting in the Russia-Ukraine conflict, on the Russian side, and more could be drawn into the war. Approximately 200 Kenyan nationals are estimated to be fighting for Russia. Kenya’s President, William Ruto, previously requested Ukraine’s assistance in releasing Kenyans being held in Ukraine. Kenya’s…
Strategy consulting can be a huge investment for small-to-medium enterprises (SMEs). When investing in consulting SME business leaders — often boards, senior executives, or management — bring in an external company like ours to offer an outside, expert perspective on their business growth gaps and opportunities. Strategy consultants usually have considerable industry knowledge and are…
The bad news is that leadership and conflict go hand-in-hand. The great news is that as a leader you can address conflict in a way that does not destroy team morale, employee engagement, healthy partnerships or your organization. “Everything rises and falls on leadership.” (John Maxwell) # [bctt tweet=”The bad news is that leadership &…
Whether you are a solo-preneur, or a growing small-to-medium business, you may need support at one time or another and consider working with freelancers. Hiring full-time staff can be costly, and you likely do not need support all the time. Freelancers can provide cost-effective expertise that can help you increase the performance and productivity of…
Service-based businesses often struggle to find the right pricing strategy that gives them a competitive edge in their market. Pricing for products is a little more straight forward. To make a profit you need to work out the cost of buying or making the product, and charge more than it cost to make it. Services…
Despite rapid advancement in smart gadgets and apps that should help us get more done in less time, entrepreneurs are still seeking ways to increase efficiency and productivity for themselves and their teams. Gone are the days of fewer choices and quicker decisions. Simplicity has become complicated and we may have gotten ourselves into a …
ScaleUp Africa is a dynamic women-led B2B Enterprise Education and Development Organisation offering advisory and growth support services to SMEs through Corporate Partnerships and Professional Networks of Venture Investors,Foundations, DFIs, Corporations and post-incubation, youth/women-led Small Businesses in Africa and the Diaspora. Late last year, The Radical Leap Company founder, Noreen Makosewe, talked to Amma Gyampo,…
Most small-business owners do not consider themselves investors. However, the sweat-equity and financial investment that goes into launching and growing a business should qualify all parties involved as investors. Taking an idea from concept to launch, then driving it further to growth is no walk in the park even for the most seasoned business leader.…
In my early leadership years I worried that vulnerability would hurt business. The perception I had back then was that effective leaders were stoic – enduring pain or hardship without showing feelings or complaining. What made the idea all the more ingrained was the harshness with which women in leadership positions, particularly black women or women…
As the world comes to terms with the aftermath of the full impact of COVID-19, it’s safe to say that the way we interact, work and do business has changed permanently for the foreseeable future. In addition to adhering to new standards of interaction when doing business, compulsory lockdowns across the globe have forced majority…
In today’s globalized world, characterized by the ever-increasing trans-boundary flow of people and goods, the further spread of epidemics and pandemics is even greater. Infectious diseases spread more quickly than they ever have before, as evidenced by SARS, Ebola, Zika and bird flu outbreaks with the largest in the 21st century being COVID-19 which has…
Business is diverse with multiple moving parts. Therefore, different aspects of business require different types of coaching. As the global market shifts rapidly catalysed by COVID-19 and lockdowns, business leaders are seeking coaches who are specialists as opposed to generalists. For example, where one coach might be highly experienced in business growth or public speaking,…
Executive coaching has evolved immensely over the years. A once sceptically-viewed practice, it is fast becoming the go-to tool used by leaders globally to boost personal excellence, elevate performance, prepare for change and take leaps to success. As the fourth industrial revolution redefines the global economic landscape, it is clear to us at The Radical Leap…
“Mobilising Ghana Beyond Aid” We had the opportunity of attending the Ghana Investment & Opportunities Summit in London, organised by the Ghana High Commission UK in partnership with the Ghana Investments Promotion Centre (GIPC). The event took place at London Hilton on Park Lane and was aptly themed: “Mobilising for Ghana Beyond Aid”. Keynote speakers included His…
As partners of iSpace Foundation in delivering the Unlocking Women and Technology (UWAT), we are pleased to share that the programme received the Google Diversity and Inclusion Award 2018. The award was handed to Josiah K. Eyison, co-founder of iSpace Foundation and lead partner of the programme. UWAT focuses on empowering women to innovate through technology. Now…
At TRLC, we help brands and business leaders start-up, scale-up or streamline for growth and profitability. Occasionally, we use our industry knowledge and expertise to support non-profits and social impact organisations that work with startups. On May 26th we supported Foundervine on day 2 of their 3-day startup hackathon, StartUp54. Foundervine is a UK-based social enterprise that has created a…
On May 16th we were at the Africa Tech Summit in London hosted by Andrew Fassnidge of AppsAfrica.com. #ATSLDN was a convention of professionals, tech experts and investors from across the world with keynotes, breakout sessions and roundtables focused on growth opportunities in the tech ecosystem across Africa. Two keynotes that stood out were How Blockchain Can Transform…
