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Kenya’s Port of Lamu has received a second shipment of heavy machinery for the planned $17 billion Dangote East African Refinery, as preparations for construction of the petroleum processing complex continue. The Port of Lamu in Kenya received its second shipment of heavy machinery for the $17 billion Dangote East African Refinery project. A total…

The world’s richest man, Elon Musk, has pledged to give every child in the United States a share in his aerospace company, SpaceX, in a move that echoes earlier initiatives by Africa’s richest man, Aliko Dangote, to extend corporate ownership to millions of Nigerian women and students. Musk’s pledge could benefit around 72 million American…

Burkina Faso has rewritten a 33-year-old law to prohibit the full or partial privatisation of state-owned enterprises classified as strategic, while giving the government greater authority to take stakes in private businesses considered essential to national interests. Burkina Faso passed a new law prohibiting the full or partial privatisation of state-owned enterprises deemed strategic. The…

China has established a massive lead over the United States and other Western competitors in securing critical minerals across the African continent. However, that dominant global foothold is facing sudden local friction after authorities in the Democratic Republic of the Congo detained approximately 300 Chinese nationals during a major security crackdown on unauthorized mining operations…

Four African countries have ranked among the world’s best places to live in 2026, outperforming the United States, United Kingdom and Canada in a new global assessment of destinations considered attractive for international relocation. Four African countries—Seychelles, Mauritius, Cape Verde, and Botswana—ranked among the top global destinations for international relocation in the 2026 Nomad Lifestyle…

American freelance journalist Margot Kiser Jones has launched a court case against officials in Kenya following her sudden deportation to Dubai. American journalist Margot Kiser Jones was deported from Kenya to Dubai after being labeled a prohibited immigrant over alleged security and public morals concerns. She claims the Kenyan authorities did not provide due process,…

Africa is down to one candidate in the race to lead the United Nations after former Senegalese president Macky Sall withdrew his candidacy, narrowing the continent’s representation in a contest increasingly pointing towards Latin America and the Caribbean. Former Senegalese president Macky Sall withdrew his candidacy to lead the United Nations, leaving Uganda’s Olara Otunnu…

Ghana has emerged ahead of Ethiopia in Africa’s economic rankings, with its gross domestic product (GDP) projected to reach $128.64 billion in 2026, according to figures from the International Monetary Fund’s October 2026 World Economic Outlook. Ghana is projected to surpass Ethiopia in Africa’s economic rankings with a GDP of $128.64 billion by 2026, according…

Nigeria is projected to remain Africa’s third-largest economy in 2026, with a gross domestic product (GDP) of $386.67 billion, according to figures from the International Monetary Fund’s (IMF) October 2026 World Economic Outlook. Nigeria is projected to be Africa’s third-largest economy in 2026 with a GDP of $386.67 billion, trailing South Africa and Egypt. The…

Egyptian President Abdel Fattah al-Sisi has revealed that Israeli Prime Minister Benjamin Netanyahu questioned why Cairo continued to expand its military and purchase weapons, exposing concerns over Egypt’s growing defence capabilities despite decades of peace between the two countries. President Sisi revealed that Netanyahu questioned Egypt’s ongoing military expansion despite their longstanding peace treaty. He…

South Africa will phase out policy support for automakers that import nearly complete vehicles for local assembly, as the government seeks to strengthen domestic manufacturing, create jobs and increase the use of locally produced components. South Africa plans to gradually withdraw policy support for automakers assembling nearly complete imported vehicles, aiming to boost domestic manufacturing…

India’s Supreme Court has ordered fresh efforts to secure compensation for families of 51 nationals killed while serving in Russia’s military, at a time when hundreds of African recruits have also died in the war, leaving their families seeking compensation and government intervention. India’s Supreme Court has ordered renewed efforts to secure compensation for families…

Africa’s richest man, Aliko Dangote, recently revealed that he has plans to invest up to $50 billion in Africa’s industrialization, and Egypt will be included in this budget. Aliko Dangote plans to invest up to $50 billion in Africa’s industrialization by 2030, with Egypt included in this initiative. The investment aims to bolster Africa’s industrial…

One of the world’s most prolific streamers, Darren Jason Watkins Jr., popularly known as iShowSpeed, alongside the former US presidential family, the Obamas, is working behind the scenes to bring the resonant piece of Ghanaian film, ‘The Eyes of Ghana ’, to light. Darren Jason Watkins Jr. (iShowSpeed) and the Obamas are collaborating to bring…

China has deployed a hospital ship to provide free medical services in five African countries at a time when the United States is seeking bilateral health agreements amid disputes over access to medical data and national sovereignty. China has expanded its medical operations in Africa by sending a navy hospital ship for free healthcare services…

In a recently disclosed military training exercise, Chinese fighter pilots revealed details about how a small flight of four J-16 jets engaged a larger force of six Egyptian combat aircraft over North African airspace. Chinese and Egyptian air forces participated in the Eagles of Civilization 2026 joint air exercise over North Africa. Four Chinese J-16…

Egypt, recognized as Africa’s second-largest economy, has established major new bilateral partnerships with Asian powerhouse South Korea to strengthen ties across multiple strategic industries. Egypt and South Korea signed multiple key agreements to strengthen cooperation across strategic industries. The agreements were signed in Cairo with the presence of both countries’ presidents, highlighting the partnership’s importance.…

Egypt has formally denounced Colombia’s decision to establish an embassy in occupied Jerusalem, warning that the move creates a major obstacle to regional stability. Egypt has condemned Colombia’s decision to open an embassy in occupied Jerusalem. Egyptian officials called the move a clear violation of international law and UN resolutions. They argue that relocating embassies…

Morocco’s OCP Group plans to take full ownership of EMAPHOS, strengthening its position in specialised phosphate products used beyond conventional fertilisers. Morocco’s OCP plans to acquire Budenheim’s and Prayon’s stakes in EMAPHOS. The transaction would give OCP full ownership of the purified phosphoric acid producer. EMAPHOS serves markets including specialised fertilisers, food, pharmaceuticals and battery-related…

Billionaire Patrice Motsepe’s African Rainbow Minerals (ARM) is facing a legal dispute with Assore over the management of Assmang, a mining company jointly owned by the two South African groups. African Rainbow Minerals (ARM) is facing a legal dispute with Assore over the management and executive appointments in their jointly owned mining company, Assmang. Assore…

A South African consortium led by former Sibanye-Stillwater executive chairman Neal Froneman is pressing ahead with plans to bring Formula 1 racing back to Cape Town, targeting a 2031 debut despite Rwanda securing an agreement to host a Grand Prix. A South African group led by Neal Froneman is pushing to bring Formula 1 back…

France is preparing to become the largest shareholder in Eramet, the mining group behind Gabon’s vast Moanda manganese operation, through a proposed $558.5 million fundraising aimed at strengthening the company’s finances. France plans to become Eramet’s largest shareholder through the mining group’s proposed $558.5 million fundraising. The company operates major manganese assets in Gabon and…

Chad has invited Russian investors to explore opportunities in its digital sector following talks in Moscow on cooperation in cybersecurity, public-service digitisation and technology training. Chad has invited Russian investors to explore opportunities in its digital sector. Officials discussed public-service digitisation, cybersecurity and digital skills training. Russia also sought Chad’s support for its candidacies at…

Spanish Prime Minister Pedro Sanchez confirmed that Moroccan naval vessels entered Spanish sovereign waters off Ceuta without permission following a mass border crossing in late July. Moroccan naval vessels entered Spanish waters off Ceuta without permission after a mass migrant crossing in late July. More than 72,000 migrants crossed from Morocco into the Spanish North…

Africa’s richest man and CEO of the Dangote Group, Aliko Dangote, who has consistently relayed his ultimate objective for his $20 billion refinery, recently revealed the date he believes the refinery will be able to operate at full capacity. Aliko Dangote announced that his $20 billion refinery is projected to reach full capacity by early…

Kuwait and Algeria recently opened a dialogue on forming a partnership in the medical field, as the Middle Eastern country intends to leverage Algeria’s domestic drug manufacturing capabilities and share technical expertise to expand bilateral cooperation in the pharmaceutical sector. Kuwait and Algeria are discussing a new partnership in the medical sector, aiming to leverage…

As Africa’s richest nation by GDP (PPP) per capita, Seychelles is expanding its long-standing educational ties with Russia to build a highly skilled workforce for the future. Seychelles, Africa’s richest nation by GDP per capita, is strengthening its strategic partnership with Russia for long-term economic development. The two countries celebrated 50 years of academic cooperation,…

Saudi Arabia, Egypt, Pakistan and Turkey have aligned to condemn recent strikes launched by Yemen’s Iran-backed Houthi militia against Saudi Arabia, including a strike hitting King Khalid International Airport in Riyadh. Saudi Arabia, Egypt, Pakistan, and Turkey condemned recent Houthi militia attacks on Saudi Arabia, including an attack on King Khalid International Airport. The R4…

Airbus plans to establish a third factory in Morocco and launch a helicopter-maintenance operation that could serve West Africa, expanding the country’s role in the European aircraft manufacturer’s production and service network. Airbus has disclosed plans for a third factory in Morocco as it expands its industrial presence. The proposed facility would cover approximately 6,900…

Kenya has approved a $350 million financing package for its national airline, seeking to return grounded aircraft to service while preparing a separate overhaul of approximately $941 million in existing government debt. Kenya has approved $350 million in shareholder financing for its national airline. The money is intended to meet urgent obligations and return grounded…

Zimbabwe’s mineral exports this year have recorded tremendous growth driven by lithium sales, following strict policies guiding the sale of the product. Zimbabwe’s mineral exports have doubled to $4.7 billion this year, driven mainly by surging lithium sales. A government ban on raw lithium concentrate exports and new policies requiring domestic processing boosted value retention…

South Africa is emerging as a transit point in recruitment operations drawing African nationals into Russia’s war against Ukraine, after six Zimbabweans pleaded guilty to planning to travel through the country to join the Russian military. South Africa is being used as a transit point for African nationals recruited to fight for Russia in its…

Drone strikes reportedly targeted Eritrean military vehicles inside northern Ethiopia, raising the risk of direct confrontation between two neighbours that fought on the same side during the previous Tigray war. Drone strikes reportedly targeted Eritrean military vehicles inside Ethiopia on 7–8 October. Conflict monitor ACLED linked the attacks to troop movements near Adigrat in northern…

South Africa has withdrawn a directive governing the intake of asylum applications after anti-migrant protests in Johannesburg and Durban turned violent, exposing growing tensions between immigration enforcement and refugee protection. South Africa has withdrawn a directive on asylum applications after violent anti-migrant protests in Johannesburg and Durban. The unrest was fueled by a court ruling…

Zambia and the United States have signed a Memorandum of Understanding and a data-sharing deal worth around $2 billion. Zambia and the United States signed a $2 billion Memorandum of Understanding to enhance healthcare, epidemic preparedness, and data-sharing. The agreement commits $1.5 billion from the US and $975 million from Zambia toward health initiatives, totaling…

Morocco has signed a letter of intent with French defence company Harmattan AI to develop and produce a long-range autonomous strike system, advancing its ambition to manufacture more military technology locally. Morocco has signed a letter of intent with France’s Harmattan AI to develop the IRIFI strike system. The company describes a drone designed for…

Rwanda is set to host a Formula 1 Grand Prix, bringing the sport back to Africa for the first time in 33 years as the East African country intensifies efforts to attract tourists, investors and global attention through major sporting events. Rwanda is poised to host a Formula 1 Grand Prix, marking the sport’s return…

Under the second Trump administration, an estimated 35,000 children in the U.S. have had both of their parents deported, leaving thousands of minors without legal guardians or financial support. An estimated 35,000 US-citizen children have lost both parents to deportation during the second Trump administration. Federal immigration enforcement now prioritizes rapid deportations, bypassing previous requirements…

Ghana’s cocoa regulator has raised 3.39 billion cedis ($288 million) through a short-term domestic debt sale, giving it fresh funding to resume payments to cocoa buyers and support purchases from farmers during the new season. Ghana’s cocoa regulator, COCOBOD, raised 3.39 billion cedis ($288 million) through a short-term domestic debt sale to resume payments to…

Rwanda’s Trinity Metals is considering a listing in New York as a sharp rise in tungsten prices allows the miner to raise capital and accelerate its expansion. Trinity Metals, boosted by soaring tungsten prices, is seriously considering a New York IPO to raise capital for rapid expansion. The Rwandan mining company is in talks with…

Saudi Arabia urgently needs military assistance to counter escalating attacks from Iran-backed Houthi rebels. The kingdom initially turned to the U.S. and Egypt, seeking direct defense support. However, both Washington and Cairo did not commit to direct combat operations inside Yemen. Instead, Saudi Arabia has secured its most desired result from Türkiye, which has promised…

Morocco and the United Arab Emirates (UAE) are expanding their bilateral defense alliance following high-level military discussions held in Rabat. Morocco and the UAE are strengthening their bilateral defense alliance following high-level military talks in Rabat. King Mohammed VI of Morocco honored UAE’s Chief of Staff, Lt. Gen. Al Mazrouei, for advancing security cooperation. The…

Egypt has been listed as one of the three countries, alongside Kuwait and the United Arab Emirates (UAE), to be part of a potential $2.27 billion US military trade. Egypt, Kuwait, and the UAE are included in a potential $2.27 billion US military trade package. Egypt seeks to acquire 2,020 Javelin FGM-148F missiles and 200…

‘The future of Europe depends on Africa‘ was one of several key insights presented at the recently concluded Casablanca Finance Forum, alongside interesting perspectives emphasizing that Africa’s rapid growth requires Europe to keep up the pace. The Casablanca Business Forum highlighted that Europe’s future is closely linked to Africa’s rapid economic growth and industrialization. Speakers…

Africa’s largest uranium producer, Namibia, could be nearing the completion of a major deal with Russia, as Moscow expects a positive response from the Southern African country. Namibia, Africa’s largest uranium producer, is close to finalizing a major uranium production deal with Russia’s Rosatom. Negotiations involve production in Namibia’s Omakeke region and cooperation on the…

Four months after taking office, Benin’s President Romuald Wadagni has made his first visit to France, meeting President Emmanuel Macron in Paris as France seeks to rebuild its economic and strategic relationships across Africa. Benin’s President Romuald Wadagni made his first official visit to France, meeting President Emmanuel Macron to discuss bilateral relations. France is…

South Africa’s largest general insurer could leave the Johannesburg Stock Exchange after Sanlam proposed buying out Santam’s remaining eligible shareholders, offering a cash premium to bring the business fully under its ownership. Sanlam has proposed buying the remaining eligible shares in Santam, South Africa’s largest general insurer. The cash offer carries a 26.6% premium to…

Zimbabwe is negotiating with India’s international payments operator to reduce transaction costs and accelerate transfers, potentially bringing Indian technology into the infrastructure connecting its banks and digital-finance businesses. Zimbabwe is negotiating with NPCI International Payments to modernise its payments infrastructure. The proposed system would connect banks, mobile-money operators and fintech companies through shared technology. Central…

Eastern Libya, governed under a Russia-backed administration, has ended a decade-long moratorium on capital punishment by executing dozens of individuals convicted of terrorism and murder related offenses. Eastern Libya has resumed executions after a decade, ending a long moratorium on capital punishment. At least 30 people convicted of terrorism and murder were executed in Benghazi…

Argentina has unveiled a $350,000 citizenship-by-investment programme for wealthy foreigners, following a model already used by Egypt as both countries seek fresh foreign capital while managing high debt levels. Argentina has announced a citizenship-by-investment program, allowing foreigners to gain citizenship with a $350,000 contribution or an $800,000 bond purchase. The program will begin in late…

The University of Sunderland is seeking to cut £40 million ($53 million) from its annual budget as tighter UK visa rules and rising refusals reduce the number of international students it can recruit, raising concerns for thousands of African students who make up a significant part of its overseas population. The University of Sunderland needs…

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…