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Controversial Zimbabwean businessman Wicknell Chivayo, who maintains close ties to Kenyan President William Ruto, has secured a stake in the $2.9 billion expansion of Jomo Kenyatta International Airport (JKIA). Zimbabwean businessman Wicknell Chivayo, connected to Kenya’s President William Ruto, has obtained a stake in the $2.9 billion expansion of Nairobi’s Jomo Kenyatta International Airport. Chivayo’s…

Bombardier has confirmed that a private jet owned by Africa’s third-richest man, Abdulsamad Rabiu, is the first delivery of its flagship Bombardier Global 8000 on the continent, marking a milestone for Africa’s private aviation market. Abdulsamad Rabiu, Africa’s third-richest man, has acquired the continent’s first Bombardier Global 8000, a state-of-the-art long-range business jet. The Bombardier…

Morocco has secured a place among the world’s largest silver-producing nations, standing out as the only African country on a new global ranking of top silver producers compiled by Visual Capitalist. Morocco is now one of the world’s largest silver producers and the only African country in the top global ranking by Visual Capitalist. The…

The global shipping industry has spent nearly two years rerouting vessels around Africa as attacks in the Red Sea disrupt one of the world’s most important trade corridors. Yet South Africa, the country best positioned to benefit from the shift, is struggling to seize the opportunity. Cape Town has been ranked the world’s worst-performing container…

Behind every salary payment, ATM withdrawal, online purchase and stock market trade in South Africa sits a financial system that most people never see. South Africa’s SAMOS payments platform processes about R584 billion ($32.4 billion) daily. Roughly 90% of transaction value is settled in real time, reducing risks in the banking system. The Reserve Bank…

Millions of dollars are moving into and out of Nigeria through smartphones, digital wallets, and dollar-backed crypto assets, creating a new challenge for Africa’s most populous economy. Nigeria received about $59 billion in crypto inflows between July 2023 and June 2024, according to IMF-cited data. Stablecoins have become a major tool for remittances, trade payments…

Israel has imposed sweeping travel restrictions on foreign nationals from five African countries following concerns over the spread of Ebola, drawing a sharp protest from Kenya, which says it has not recorded a single case of the disease. Israel has imposed strict travel restrictions on foreign nationals from five African countries due to Ebola concerns.…

According to recent industry data quoted by S&P Global, the Dangote Oil Refinery’s rapid production is drastically altering fuel trade patterns throughout West Africa, causing a sharp decline in imported clean refined fuel. The Dangote Oil Refinery in Nigeria has rapidly increased production, significantly reducing West Africa’s need for imported refined petroleum products. West Africa’s…

Indian textile manufacturer Prestige Denim Mills plans to invest $20 million in a denim production facility in Egypt, adding to a wave of foreign textile projects in Africa’s second-largest economy. Prestige Denim Mills from India will invest $20 million in a denim production facility in Egypt’s West Qantara Industrial Zone, marking the first Indian investment…

Canada has joined the United States in blocking African participants from the 2026 FIFA World Cup after denying Ghana midfielder Thomas Partey a visa, a decision that has triggered a diplomatic protest from Accra and renewed concerns over cross-border travel during the tournament. Canada denied Ghanaian midfielder Thomas Partey a visa, preventing him from playing…

Australia has joined the United States and the United Kingdom in warning citizens travelling to South Africa about elevated security risks, citing violent crime, public unrest, and growing concerns linked to anti-immigration protests. Australia has joined the US and UK in warning about increased security risks for travellers to South Africa due to violent crime…

South Africa will begin charging foreign governments for the cost of deporting their nationals who violate immigration laws, in a policy shift signaling a tougher stance on undocumented migration and mirroring hardline approaches seen in the United States under President Donald Trump. South Africa plans to charge foreign governments for the costs associated with deporting…

Family Bank will begin trading on the Nairobi Securities Exchange (NSE) on June 23 after receiving approval from Kenya’s Capital Markets Authority (CMA), marking the culmination of a decades-long journey from a small building society into one of the country’s largest mid-tier lenders. Family Bank will begin trading on the Nairobi Securities Exchange on June…

Wesizwe Platinum has resumed trading on the Johannesburg Stock Exchange (JSE) after a year-long suspension, but the return to the market comes as the Chinese-backed miner pushes ahead with a restructuring plan that could affect nearly 500 workers and reshape the future of its flagship Bakubung mine. Wesizwe Platinum has resumed trading on the JSE…

Nigeria’s Senate has ordered the arrest of former state oil company chief Mele Kyari, who is said to be receiving medical treatment in Germany, after he repeatedly failed to appear before lawmakers investigating ₦210 trillion, about $154 billion, in disputed financial entries at the Nigerian National Petroleum Company. Nigeria’s Senate has ordered the arrest of…

Kenya has selected a Chinese construction giant to carry out a $2.9 billion expansion of its main international airport, two years after a previously proposed 30-year concession deal with billionaire Gautam Adani‘s company was cancelled. Kenya has chosen China Communications Construction Co. to carry out a $2.9 billion upgrade of Nairobi’s Jomo Kenyatta International Airport.…

South African billionaire Johann Rupert has secured approval for one of the country’s biggest healthcare transactions in recent years, strengthening his control over a network of 50 hospitals and nearly 9,000 beds as debates intensify over the future of private healthcare under the government’s National Health Insurance (NHI) plans. South Africa’s Competition Tribunal has approved…

Egyptian billionaire Naguib Sawiris is preparing to expand his presence in Greece’s luxury tourism market with a new five-star resort in Mykonos, expected to open in May 2027. Egyptian billionaire Naguib Sawiris is developing a five-star resort in Mykonos, set to open in May 2027. The project, worth over €100 million, targets the high-end international…

China’s Hengli Petrochemical has purchased at least 2 million barrels of West African crude as the privately owned refiner seeks to distance itself from sanctioned oil supplies and improve its chances of being removed from a U.S. blacklist. China’s Hengli Petrochemical bought at least 2 million barrels of West African crude as it improves chances…

After years of debt distress, currency crises and investor flight triggered by the COVID-19 pandemic and rising global interest rates, several African economies are beginning to regain the attention of international investors. Foreign investors are showing renewed interest in several African economies after years of market turbulence. Reforms in countries including Nigeria, Ghana, Egypt and…

Exploration work at Namibia’s Uis Project in the Erongo Region has returned new results pointing to a broad zone of mineralisation at the K9 pegmatite target, reinforcing the site’s growing importance in the country’s critical minerals sector. Exploration at Namibia’s Uis Project has identified a broad mineralised zone at the K9 pegmatite. Trenching revealed high-value…

The Trump administration says it has dismantled organised birth tourism networks spanning Africa and Europe, revoking hundreds of visas as Washington intensifies efforts to curb what it considers abuse of America’s birthright citizenship system. The Trump administration says it has dismantled birth tourism networks across Africa and Europe, revoking hundreds of visas. U.S. officials claim…

Nigeria’s Dangote refinery has reduced operating rates at its main gasoline-producing unit by 34% since May 21, raising concerns about fuel supply and export volumes at a time when global oil markets are already under pressure. Africa’s largest refinery has reduced operating rates at its key petrol-producing unit by 34% since May 21. The affected…

When Africa’s largest airline appears unwilling to accept a country’s currency, the problem usually extends far beyond aviation. Ethiopian Airlines has come under criticism following reports that it stopped accepting Sudanese pounds for ticket purchases in Port Sudan. The dispute comes as the Sudanese pound trades around 4,000-4,100 per dollar on the parallel market amid…

Europe’s quest for new energy supplies is breathing fresh life into two of Africa’s most ambitious gas infrastructure projects, with a combined value of roughly $38 billion. Europe is showing renewed interest in the Nigeria-Morocco Atlantic Gas Pipeline and the Trans-Saharan Gas Pipeline, worth a combined $38 billion. These pipelines could significantly transform Africa’s role…

Jim Ovia, the founder of Zenith Bank, is expanding his footprint in Nigeria’s luxury real estate market, betting that high-end property offers stronger returns than traditional banking investments. Jim Ovia, founder of Zenith Bank, is investing heavily in Nigeria’s luxury real estate market, seeing it as more profitable than traditional banking. His company, Quantum Luxury…

The International Monetary Fund (IMF) has raised concerns over Nigeria’s proposed $5 billion borrowing arrangement with First Abu Dhabi Bank, warning that such financial structures may be opaque, complex and difficult to fully assess in terms of risk exposure. The IMF expressed concerns over Nigeria’s proposed $5 billion borrowing from First Abu Dhabi Bank. The…

Rwanda has secured official approval for a new $250 million financing package from the International Monetary Fund (IMF), providing a critical buffer for one of Africa’s fastest-growing economies as rising global uncertainty and the ongoing conflict in the Middle East threaten to slow growth and fuel inflation. Rwanda has secured a $250 million, 38-month IMF…

Tanzania is seeking more than $2 billion in Russian investment and business deals over the next three to five years as East Africa’s second-largest economy deepens ties with Moscow following a diplomatic fallout with the United States and European Union. Tanzania is seeking over $2 billion in Russian investments and business deals within the next…

Italian energy major Eni has entered Gambia’s upstream oil and gas sector for the first time after securing an offshore exploration licence in a move that expands its footprint across one of Africa’s fastest-growing energy regions. Italian energy giant Eni has entered Gambia’s oil and gas sector after securing an offshore exploration licence for the…

The United Arab Emirates (UAE) has introduced emergency visa and travel restrictions targeting three African nations as authorities seek to contain the impact of an intensifying Ebola crisis. The UAE has imposed emergency travel restrictions on the DRC, Uganda, and South Sudan due to an Ebola outbreak. All new visas for citizens of these countries…

Africa’s five most militarised economies spent more than $33 billion on defence in 2025, highlighting how a small group of countries continues to dominate the continent’s military expenditure amid persistent security pressures. Africa’s five most militarised economies spent over $33 billion on defence in 2025, dominating the continent’s military expenditure. These countries’ military spending is…

Fifteen years after NATO’s intervention plunged Libya into prolonged instability, North Africa is witnessing a new military build-up led by Algeria and Morocco, which spent a combined $31.7 billion on defence in 2025 as they expanded rival fighter-jet programmes backed by Russia and the United States. Algeria and Morocco significantly increased their military spending in…

Sub-Saharan Africa has the largest informal workforce in the world, with nearly 88% of workers operating outside the formal economy, a trend that is weakening government finances, limiting economic growth, and making it harder for countries to improve their creditworthiness, according to Moody’s Ratings. Nearly nine out of every 10 workers in Sub-Saharan Africa are…

Millions of Nigerians are working, but many remain trapped in low-paying informal jobs that earn only a fraction of what formal employees take home, according to a new report by Moody’s Ratings. Nigerian informal workers earn nine times less than workers in the formal sector, according to Moody’s Ratings. The report exposes a major wage…

South Africa is mounting a formal challenge to a new U.S. tariff proposal that could further strain trade ties between Africa’s most industrialized economy and one of its most important export markets. South Africa is formally challenging a new U.S. tariff proposal to protect its key export sectors from further strain. The U.S. recently imposed…

South Africa has agreed to reopen its market to Kenyan tea, coffee and spices, marking the end of a trade dispute that had strained economic relations between two of Africa’s largest economies. South Africa has agreed to reopen its market to Kenyan tea, coffee, and spices, ending a significant trade dispute. The dispute resulted from…

For decades, Africa’s vast informal economy has been one of the continent’s most persistent development challenges, limiting tax collection, weakening productivity, and keeping millions of workers and businesses outside the formal financial system. Rwanda, Benin, Tanzania, and Côte d’Ivoire are among Africa’s strongest performers in reducing informality, according to Moody’s. The ratings agency says countries…

South African billionaire Johann Rupert built his fortune selling luxury goods to some of the world’s wealthiest consumers. Johann Rupert’s Reinet Investments bought a €22 million stake in the world’s largest gold ETF in 2015. The position is now worth about €80 million after gold’s historic rally. Gold prices have climbed from around $1,100 per…

According to billionaire investor Naguib Sawiris, Egypt’s vast mineral wealth is being squandered due to illicit mining operations, which are weakening investment and preventing the country from fully benefiting from its tremendous natural resources. Naguib Sawiris, Egypt’s richest man, criticized the widespread illegal mining in Egypt, claiming it squanders the nation’s mineral wealth. He attributed…

One of Nigeria’s most closely watched corporate battles took a dramatic turn this week after the Supreme Court overturned orders that froze the assets of Nestoil Limited and Neconde Energy, handing a significant victory to oil entrepreneur Ernest Azudialu-Obiejesi in a dispute involving more than $1.1 billion in alleged debt. Nigeria’s Supreme Court has overturned…

Mozambique has enacted sweeping new mining legislation requiring the state to hold a minimum 15% stake in all mining projects, as the resource-rich southern African nation seeks to capture a larger share of the value generated by its vast mineral wealth. Mozambique has enacted new mining laws requiring a minimum 15% state stake in all…

The French journalist, Christophe Gleizes, detained in Algeria back in 2024, on terror charges, maybe elibgible for a presidential pardon. French journalist Christophe Gleizes, detained in Algeria on terror charges, may now be eligible for a presidential pardon. Algeria’s top appeals court rejected calls for a harsher sentence, making the prospect of a pardon viable.…

Flights numbering around 20 have arrived in Kenya, despite tensions concerning the US’s plans to establish a quarantine base in the East African country. Around 20 flights carrying medical equipment and specialist staff have arrived in Kenya, amid controversy over Washington’s plan to establish a US quarantine base for Ebola exposure. At least six military…

Ethiopia is setting its sights on becoming a regional construction powerhouse, unveiling an ambitious plan to increase the share of domestic contractors capable of competing for international projects from 33% to 80% over the next decade. Ethiopia plans to increase domestic contractors’ share in international project bids from 33% to 80% within ten years. The…

South Africa has resumed large-scale maize exports as the country moves closer to what could become the biggest maize harvest in its history, a development that could strengthen food security and grain supplies across parts of Africa. South Africa has resumed large-scale maize exports amid forecasts of its biggest-ever harvest. The expected 17.064 million-tonne crop…

Art and culture are becoming some of the biggest drivers of tourism, identity, and global influence for cities worldwide. From world-class museums and contemporary art fairs to music festivals and creative districts, African cities are increasingly competing not just on economic strength but on cultural appeal. Cape Town, Marrakech, and Cairo have been named among…

A $4 billion Chinese deal targeting a gold mining company in Mali is facing growing uncertainty as regulators in Beijing raise concerns over valuation and geopolitical risk. Chinese regulators are questioning a $4 billion acquisition of Mali-based gold miner Allied Gold by Zijin Gold International due to concerns over valuation and political risk. China’s National…

At a time when parts of the global luxury industry are grappling with weaker demand in China and cautious consumer spending, the company behind Cartier is moving in the opposite direction. Richemont is approaching a $123 billion valuation after more than doubling in value over the past five years. The Cartier owner is outperforming parts…

Spiro, widely regarded as Africa’s largest electric mobility company, has raised $215 million in a new investment round as it accelerates its expansion across the continent and moves closer to unicorn status. Spiro, Africa’s largest electric mobility company, has raised $215 million in new funding, bringing it closer to unicorn status. The investment will help…

The global aviation fuel market could be reshaped after Russia suspended jet fuel exports through November, creating a supply gap that could help Nigeria’s Dangote Refinery expand sales and strengthen its position in the market. Russia has suspended jet fuel exports through November, creating a significant supply gap in the global aviation fuel market. Nigeria’s…

The United Arab Emirates has emerged as Zimbabwe’s largest export destination, overtaking South Africa in a major shift that underscores the growing economic ties between Harare and the Gulf state. The United Arab Emirates has overtaken South Africa as Zimbabwe’s largest export destination, marking a significant shift in the country’s trade landscape. UAE-bound exports accounted…

The United States has secured long-term access to one of the world’s largest untapped rare earth deposits, a move that could reduce its future dependence on mineral-rich African nations as Washington races to build a critical minerals supply chain independent of China. The United States secured a 15-year deal to access rare earths from Greenland’s…

Aliko Dangote is positioning his petroleum refinery to expand its crude processing flexibility from around 40 crude types to as many as 130 different crude grades. Dangote’s refinery aims to increase its crude processing capability from 40 to 130 different crude grades. This expansion will double the refinery’s output to 1.4 million barrels per day,…

One of Africa’s largest industrial manufacturing economies, South Africa, saw its producer inflation soar by a margin not experienced in over a decade. South Africa’s producer inflation jumped to 3% in April, a 172.7% increase from the previous month, driven by higher fertilizer and energy costs. The surge was primarily due to disruptions in global…

Burkina Faso’s military government under Captain Ibrahim Traoré has suspended the country’s largest student union, deepening concerns over shrinking civic freedoms as authorities intensify efforts to silence dissent amid a worsening security crisis. Burkina Faso’s military government has suspended the country’s largest student union, UGEB, for three months, with possible renewal. The suspension was justified…

South Africa has ranked among the world’s 30 largest food exporters, underscoring the country’s growing influence in global agricultural trade. South Africa is now among the world’s 30 largest food exporters, indicating its rising role in global agriculture. In 2024, South Africa exported $13.6 billion in agricultural products, making up about 0.9% of global agricultural…

Ethiopia has launched a national electric mobility roadmap aimed at transforming its transport sector, reducing emissions, and building a domestic clean-technology industry over the next five years. Ethiopia has unveiled its National Electric Mobility Strategy and Implementation Plan for 2025–2030. The roadmap seeks to accelerate electric vehicle adoption through infrastructure investment, policy reforms, and private-sector…

Burkina Faso is a step closer to securing nearly $105 million in fresh financing from the International Monetary Fund (IMF) after reaching a staff-level agreement with the lender following a review of its economic reform programme. Burkina Faso is on track to receive approximately $104.89 million from the IMF following a staff-level agreement reached after…

The United States has pledged $13.5 million to Kenya’s Ebola preparedness efforts following talks between U.S. Secretary of State Marco Rubio and President William Ruto, with both leaders agreeing to deepen coordination on outbreak response and regional containment measures. The United States pledged $13.5 million to support Kenya’s Ebola preparedness after discussions between Secretary Marco…

According to the Economist Intelligence Unit (EIU), Nigeria’s reliance on imported fuel has been significantly mitigated by the oil refinery owned by Africa’s richest man, Aliko Dangote. The Dangote Petroleum Refinery has drastically reduced Nigeria’s reliance on imported fuel, nearly meeting the country’s entire fuel demand. Nigeria’s domestic refining growth is relieving pressure on the…

Nigeria’s telecom subscribers spent an estimated N9 trillion, about $5.67 billion at current exchange rates, on airtime and data services in 2025, as rising internet consumption and tariff increases boosted revenues for the country’s largest operators. Nigerians spent an estimated $5.67 billion on airtime and data services in 2025, boosting revenues for major telecom operators.…

Zimbabwe’s gold industry is showing renewed strength in 2026, with bullion deliveries surpassing 12,600 kilogrammes in the first four months of the year as global demand and rising output from large-scale miners continue to boost the sector. Zimbabwe’s gold industry delivered more than 12,600 kilogrammes of bullion between January and April 2026, driven by stronger…

Kenya is considering contracting Turkish energy firm Karpowership, the world’s largest provider of ship-mounted power plants, to help meet rising electricity demand and ease power shortages. Kenya is in talks with Turkish firm Karpowership to deploy floating power plants and meet rising electricity demand. Negotiations are focused on rapidly increasing the power supply by installing…

Kenya is set to become a key part of the United States’ Ebola containment strategy as the Trump administration plans to establish a quarantine and treatment facility in the East African nation for American citizens exposed to the virus. The US plans to establish a quarantine and treatment facility for Ebola-exposed American citizens in Kenya,…

A Russian official recently came out to reveal that Algeria is one of the three countries on the globe with the strongest defense ties to the Kremlin. Algeria is recognized as one of Russia’s top three military-technical partners, alongside China and India. Russia maintains strong defense ties with several African and Middle Eastern countries, including…

More than a decade after leaving India for Africa, Deepankar Rustagi turned an initial $50,000 and later about $300,000 from family and friends into a $120 million retail supply chain platform after discovering that millions of small retailers across the continent were still invisible to the digital economy. Deepankar Rustagi transformed an initial $300,000 into…

South Africa’s president, Cyril Ramaphosa, has officially pushed back against a $4 million theft scandal dubbed Farmgate. President Cyril Ramaphosa is challenging a report linking him to a $4 million theft scandal known as Farmgate. Ramaphosa claims the allegations are based on rumors and has filed a legal challenge to set them aside. The Farmgate…

Africa has secured nearly $500 million in emergency pledges as health officials warn that a fast-spreading Ebola outbreak linked to a rare virus strain is beginning to outpace containment efforts across Central Africa. Africa has secured nearly $500 million in emergency pledges to combat the fast-spreading Bundibugyo Ebola outbreak in Central Africa. The rare Ebola…

Ghana has signalled that it will not automatically renew the mining lease for South Africa’s Gold Fields Tarkwa mine as the agreement approaches its 2027 expiry, marking a shift toward stricter oversight of long-term mining concessions in the country. Ghana will review Gold Fields’ mining lease under stricter conditions, as the current lease nears expiry…

Five African countries rank among the world’s top 10 borrowers from the World Bank’s concessional lending arm, collectively accounting for $67.8 billion in outstanding debt, according to new data on global exposure patterns. Five African countries are among the world’s top 10 borrowers from the World Bank’s concessional lending arm (IDA), together owing $67.8 billion.…

The African Development Bank opened its annual meeting in Brazzaville on Monday under the shadow of two crises that are rattling Africa at the same time: a worsening Ebola outbreak in central Africa and rising economic pressure linked to the Iran war. African leaders and financiers gathered in Brazzaville as Ebola fears and rising fuel…

As South Africa’s political succession debate intensifies ahead of President Cyril Ramaphosa’s expected exit in 2029, billionaire businessman Tokyo Sexwale is increasingly being linked to conversations about the country’s future leadership and political direction. Tokyo Sexwale, a billionaire and former anti-apartheid activist, has been linked to the ANC succession debate ahead of the party’s 2027…

The luxury goods group Richemont, led by South African billionaire Johann Rupert, has reported a strong increase in sales for the financial year. Richemont achieved strong sales growth, with revenue rising 11% to €22.4 billion despite global trade tensions and economic headwinds. The group’s core jewelry brands, Cartier and Van Cleef & Arpels, drove a…

South Africa’s commercial capital and Africa’s richest city, Johannesburg, is facing rising pressure over its worsening financial troubles after civil society group Public Interest SA threatened legal action against the city administration over what it described as a deepening governance and debt crisis. Public Interest SA has threatened legal action against the City of Johannesburg…

The Democratic Republic of Congo has imposed a sweeping three-month suspension of mining activities in parts of South Kivu province, targeting operations in two key territories as authorities move to tighten control over the country’s strategic mineral supply chain. The DRC has imposed a three-month suspension of mining activities in parts of South Kivu, targeting…

Iran has moved to formalise its control over the Strait of Hormuz, one of the world’s most important maritime chokepoints, by launching a new authority that now requires vessels to seek clearance and potentially pay millions of dollars before crossing the strategic waterway. Iran has established the Persian Gulf Strait Authority (PGSA) to control and…

Tanzania could be edging closer to becoming a significant player in Africa’s growing critical minerals industry following the discovery of rare earth element deposits in the country’s southern highlands. Tanzania has discovered rare earth element deposits containing Neodymium and Praseodymium in its southern highlands. These minerals are critical for technologies like electric vehicles, wind turbines,…

Nigeria may soon hand majority control of two of its most strategic oil assets to Chinese investors as the Nigerian National Petroleum Company Limited pushes a new plan to revive the country’s troubled refineries after years of failed rehabilitation efforts. NNPC is considering an NLNG-style partnership that could hand Chinese investors a 51% stake in…

Egyptian billionaire Hisham Talaat Moustafa is making a major push into the Middle East’s fast-growing entertainment industry through a new partnership with Saudi Arabia’s Sela, as Gulf money increasingly reshapes tourism, culture and consumer spending across the region. Egyptian billionaire Hisham Talaat Moustafa has partnered Saudi Arabia’s Sela to launch a major entertainment and live…

General Dagvin Anderson of the United States Air Force (USAF) has outlined a bleak viewpoint on the state of security across Africa. General Dagvin Anderson highlighted worsening security in Africa due to growing terrorist networks and bad actors. Africa’s strategic significance was emphasized, both as a global commerce hub and a key supplier of critical…

Australian mining company Midas Minerals has reported another round of high-grade copper and silver drill results from its Otavi Copper Project in Namibia, strengthening investor expectations that the southern African country could be home to one of the region’s more significant undeveloped copper discoveries. Australian miner Midas Minerals has announced another round of high-grade copper…

A newly confirmed rare earth elements (REEs) discovery in Mkiu Village, Ludewa District, Njombe Region, Tanzania, is adding fresh momentum to Africa’s bid to become a critical supplier of strategic minerals key to the global clean-energy transition. A significant rare earth elements (REEs) discovery in Mkiu Village, Tanzania, could make the country a major player…

Africa’s worsening electricity shortages and rising energy costs are driving a massive surge in demand for Chinese solar equipment, strengthening Beijing’s grip on one of the world’s fastest-growing renewable energy markets. China’s solar exports to Africa jumped 83% in April as countries accelerated efforts to tackle electricity shortages and rising energy costs. South Africa and…

The Nigerian billionaire, Abdulsamad Rabiu, is quickly approaching a historic financial milestone, as Nigeria’s second-richest man and Africa’s second-richest individual currently has a net worth of $19.7 billion, according to the Bloomberg Billionaires Index. Abdulsamad Rabiu, Nigeria’s second-richest man, now holds a net worth of $19.7 billion according to Bloomberg. Rabiu’s fortune has increased by…

China has unveiled its first stealth fighter built specifically for export, a development that could widen fifth-generation fighter jet options for African countries beyond America’s Lockheed Martin F-35 Lightning II and Russia’s Sukhoi Su-57. China has unveiled the J-35AE, its first export-oriented stealth fighter, aiming to rival the US F-35 and Russian Su-57 in global…

The growing wave of military coups across West Africa may no longer be something the Economic Community of West African States (ECOWAS) can easily stop, according to one of the bloc’s top security officials, who says global power shifts have dramatically weakened the regional body’s influence. ECOWAS says shifting global power dynamics are making it…

South Sudan has been barred by a London court from entering into new oil-backed prepayment deals until it settles outstanding obligations to commodities trading house BB Energy. A London court has barred South Sudan from entering new oil-backed prepayment deals until it settles debts owed to BB Energy. The legal dispute centers on South Sudan’s…

Togo has joined a growing group of African nations opening their borders to unrestricted continental travel, becoming the sixth African country to grant visa-free entry to all holders of African passports in a major push toward regional integration and freer movement across the continent. Togo has become the sixth African country to allow visa-free entry…

Fifteen years ago, William Tewiah was building a fuel supply business focused largely on servicing mining firms in Ghana’s Western Region. Today, he sits atop the Ghana Stock Exchange as the owner of the largest individual equity stake ever recorded on the country’s public market. William Tewiah has become the largest individual shareholder in Ghana…

Anglo American, the mining group founded by South African billionaire Ernest Oppenheimer, said on Monday it would sell its Australian steelmaking coal business for up to $3.88 billion as the company deepens a sweeping overhaul aimed at focusing on copper and iron ore. This sale is part of a broader restructuring strategy focusing on copper…

The Ghana Police Service has launched a major new initiative to improve its intelligence-led policing capabilities through a specialized training program run in collaboration with the United States’ Federal Bureau of Investigation (FBI). The Ghana Police Service has started a new intelligence-led policing initiative in partnership with the FBI. FBI instructors are currently training Ghanaian…

Germany has overtaken the United States as South Africa’s second-largest bilateral trade partner following the implementation of tariffs introduced under US President Donald Trump, according to new data from the South African Reserve Bank. Germany has overtaken the US as South Africa’s second-largest bilateral trade partner after new American tariffs disrupted export flows. South Africa’s…

Yoweri Museveni has thrown his support behind a proposed East African regional refinery project following talks with Aliko Dangote, signaling growing momentum for deeper energy cooperation and industrial integration across the region. Ugandan President Yoweri Museveni backed a proposed East African regional oil refinery after meeting with Nigerian billionaire Aliko Dangote. Museveni emphasized adding value…

Ghana has retained its position as Africa’s fourth-largest debtor to the International Monetary Fund, with its obligations to the lender rising to 2.72 billion Special Drawing Rights, equivalent to about $3.74 billion at current IMF exchange rates. Ghana has retained its position as Africa’s fourth-largest debtor to the IMF, with its obligations rising to about…

Nigeria’s President, Bola Ahmed Tinubu, has said the country is on track to attract nearly $20 billion in foreign direct investment (FDI) in 2026, as Africa’s largest economy seeks to position itself as a manufacturing and energy hub following a series of economic reforms. Nigeria says it is on track to attract nearly $20 billion…

High fuel prices remain one of the most economically disruptive issues confronting many African countries today. Global fuel prices edged higher month-on-month, rising from an average of $1.48 to $1.51 per liter worldwide. Malawi and Zimbabwe saw a decline in fuel prices, contrasting with the broader upward trend in global fuel costs. Rwanda, the Central…

Dangote Petroleum Refinery has filed a fresh lawsuit against the Federal Government of Nigeria and the country’s downstream regulator in a renewed effort to challenge fuel import licences issued to marketers and the state-owned Nigerian National Petroleum Company. Dangote Petroleum Refinery has filed a new lawsuit against the Nigerian government and regulators, challenging the issuance…

Uganda has granted an operating licence to Starlink, the satellite internet company owned by Elon Musk, marking the company’s entry into another East African market after months of regulatory uncertainty. Uganda has granted Starlink an operating licence, allowing the company to begin providing satellite internet services in the country. The licence was officially signed after…

Zambia seeks to expand its equity in domestic mining assets, reflecting a broader pan-African trend toward the localization of mine ownership. Zambia aims to increase its equity in domestic mining assets as part of a wider trend towards local ownership in Africa. Recent moves include raising equity in Lubambe Copper Mines from 20% to 30%…

World Cup supporters from five African nations have received partial relief after the United States confirmed it will waive a visa deposit requirement for eligible ticket holders travelling to the 2026 FIFA World Cup though strict conditions still apply. The US has waived the visa deposit requirement for World Cup ticket holders from Algeria, Cape…

Indian billionaire Ravi Jaipuria is accelerating his expansion across Africa after opening a $40 million snacks, juice, and dairy manufacturing complex in Zimbabwe, deepening his footprint in one of the continent’s fastest-growing consumer markets. Indian billionaire Ravi Jaipuria is rapidly expanding his investment in Africa, notably with a $40 million snacks, juice, and dairy complex…

Nearly 20 million people in Sudan are facing acute hunger as civil war, collapsing infrastructure and worsening insecurity push the country deeper into one of the world’s gravest humanitarian disasters. Sudan’s worsening civil war has pushed nearly 20 million people into acute hunger, with famine risks rising across Darfur and Kordofan. Aid groups warn that…

Kenya has raised fuel prices for the second straight month, pushing diesel to a record high and worsening pressure on households and businesses already battling rising living costs. Kenya has raised diesel prices to a record Sh242.92 per litre, marking its second major fuel increase in weeks amid global oil supply fears. The sharp rise…

Mining-focused private equity firm Appian Capital Advisory has acquired a major copper project in Namibia. Appian Capital Advisory has acquired a 95% stake in the Omitiomire copper project in Namibia, aiming to start production within three years. The firm plans to invest over $400 million in developing the mine, though the purchase price was not…

A low Climate Index in African cities, as calculated by Numbeo, indicates environments that are frequently less comfortable in terms of temperature, humidity, and vulnerability to harsh weather conditions. A low Climate Index in African cities means frequent discomfort due to harsh temperatures, humidity, or extreme weather, impacting daily life and urban planning. African cities…

Nigerian businessman and philanthropist Tony Elumelu has urged African countries to move past what he described as a “victim mentality” tied to colonial history and instead embrace foreign investment from across the world to drive economic growth. Tony Elumelu has called on African countries to move beyond colonial grievances and embrace foreign investment from all…

African leaders and France used the 2026 Africa Forward Summit in Nairobi to outline a broad economic agenda that stretches far beyond traditional aid and diplomatic ties. African and French leaders have identified seven major sectors expected to drive the next phase of economic cooperation and investment. Key focus areas include renewable energy, artificial intelligence,…

Africa loses an estimated $89 billion annually to illicit financial flows, with experts warning that weak tax systems, profit shifting and opaque financial practices continue to drain resources needed for development across the continent. Africa loses an estimated $89 billion every year to illicit financial flows driven largely by tax evasion, profit shifting and trade…

Nigeria’s stock market extended its strong rally on Monday, with banking and industrial shares helping lift the benchmark index by 2.33% in a high-volume trading session. Nigeria’s stock market extended its record rally on Monday, with the NGX All-Share Index rising 2.33%. Banking and industrial stocks led gains as trading volumes and turnover surged sharply…

Estonian ride-hailing company Bolt has increased ride fares in Kenya by 6 per cent, becoming one of the first major platforms in the country to formally shift part of the rising fuel burden to passengers as pressure mounts on drivers’ earnings. Bolt has increased ride fares in Kenya by 6 per cent following sharp fuel…

Africa’s richest businessman, Aliko Dangote, is leaning towards Kenya for a proposed $15 billion-$17 billion refinery project after technical assessments ranked the country ahead of rival East African locations because of its strategic access to crude supplies, deep-water port infrastructure and regional fuel market reach. Aliko Dangote is leaning towards Kenya for a proposed $15billion-$17billion…

The world’s largest consumer of imported goods, the United States, in the first quarter of 2026, spent $578.78 million on Nigerian crude oil imports. The U.S. spent $578.78 million on Nigerian crude oil imports in Q1 2026, marking a 15.06% drop from the same period in 2025. U.S. imports of Nigerian crude fell from 8.44…

West Africa’s role in global diplomatic engagement has come under renewed scrutiny as political realignments in the Sahel continue to reshape relations between several African states and external partners, including France. Political changes in the Sahel have raised questions about West Africa’s role in international diplomacy. During the ‘Africa Forward’ Summit, President Macron asserted that…

Robust gold production from Mali and Namibia lifted Canadian miner B2Gold Corp. to a $200 million profit surge, with additional support from operations in Canada and the Philippines reinforcing overall output and earnings momentum. B2Gold exceeded production expectations in Q1 2026, producing 237,763 ounces of gold across multiple countries. The company reported strong financials with…

Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into four African countries as renewable energy providers increasingly move to address the continent’s widening electricity deficit. Renewvia Energy Corp. is expanding its solar-powered mini-grid operations into Uganda, Rwanda, Ethiopia, and the Democratic Republic of Congo. The company plans an investment of about $750 million to…

Mauritius, Africa’s second wealthiest and most peaceful country, has officially launched its highly anticipated $1 million Golden Visa program, aimed at attracting high-net-worth individuals (HNWIs) from around the world. Mauritius has launched a $1 million Golden Visa program to attract high-net-worth individuals globally. Applicants must invest $1 million within 12 months of arrival to be…

Africa-to-Asia emerged as the world’s fastest-growing long-haul private jet corridor in 2025, recording a 42% year-on-year increase in flights, according to data from VistaJet published in Knight Frank’s latest Wealth Report. Africa-to-Asia became the fastest-growing long-haul private jet corridor in 2025, with a 42% year-on-year increase in flights. Growth on Africa-to-Asia routes outpaced other major…

South Africa has secured a Europe-backed $90 million deal to build Africa’s first fully integrated vaccine plant, a project expected to create over 7,000 jobs amid growing hantavirus outbreak fears. South Africa secured a R1.5 billion deal with the European Investment Bank and Biovac to build Africa’s first fully integrated end-to-end vaccine manufacturing plant. The…

The United States and South Africa have begun preliminary discussions on potential co-operation in mining, infrastructure and investment, signalling a possible thaw in relations after months of diplomatic strain. The United States and South Africa have opened preliminary talks on mining and infrastructure partnerships after months of diplomatic tensions. The discussions centre on critical minerals,…

A major contractor at Loulo-Gounkoto gold complex, Mali’s largest gold mining operation, is shutting down its activities in the country and laying off more than 600 workers, in the latest sign of mounting pressure surrounding one of Africa’s biggest gold assets. Gounkoto Mining Services, a major contractor at Mali’s largest gold mine, is shutting down…

African airlines are bracing for higher costs after the Lufthansa Group warned that disruptions around the Strait of Hormuz could add about $2 billion to its fuel bill this year, highlighting growing pressure on carriers as Middle East tensions tighten global jet fuel supplies. The escalating Middle East conflict is increasing global kerosene prices and…

The Dangote group, in its quest to explore options for raising capital to expand its conglomerate, is now looking at the prospect of more dollar bond sales. Dangote Group is considering issuing more dollar bonds to finance its expansion projects. Their fertilizer arm recently raised $750 million through a private bond sale, marking its first…

The Government of Ghana has formally petitioned the African Union to intervene regarding the xenophobic attacks targeting foreign African migrants within South Africa. The Ghanaian government has petitioned the African Union to intervene against xenophobic attacks on African migrants in South Africa. Ghana expressed particular concern for attacks on its citizens and urged AU action…

Zimbabwe said it was returning several foreign-owned farms that were seized during a violent land grab more than 25 years ago and paying compensation of $146 million. Zimbabwe is returning several foreign-owned farms seized over 25 years ago and compensating with $146 million. The transfer affects 67 properties linked to owners from Denmark, Germany, the…

The ECOWAS Parliament’s ongoing First Ordinary Session of 2026 in Abuja has placed renewed focus on the future of regional integration, with Nigerian lawmaker Dr Sulaiman Gumi arguing that it remains in the interest of Mali, Burkina Faso and Niger to return to the ECOWAS fold. ECOWAS lawmakers are pushing for renewed engagement with Mali,…

Egyptian billionaire Naguib Sawiris and Franco-Tunisian media executive Tarak Ben Ammar have sold Prima TV’s digital terrestrial multiplex to Syes for about €2.5 million, marking another step in Sawiris’ gradual exit from legacy media investments. Egyptian billionaire Naguib Sawiris and Tarak Ben Ammar sold Prima TV’s digital terrestrial multiplex to Syes for about €2.5 million.…

A Dutch designed amphibious warship first operationally deployed by a West African navy during a regional anti coup mission is now emerging as a key platform in future U.S. and Australian military strategy, highlighting Africa’s unexpected influence on evolving Indo Pacific defence planning. The Dutch-designed Damen LST 100 amphibious warship, first operationally deployed by the…

Kenya is set to enter Africa’s oil-producing club for the first time, with commercial production expected to begin before the end of the year from the South Lokichar fields in Turkana, even as the country continues to explore long-term refining options to support future output growth. Kenya will start commercial oil production from the South…

Trafigura is among three companies competing for a 36.36% stake in the Natref refinery, owned by Sasol, according to sources familiar with the matter. Trafigura is one of three companies bidding for a 36.36% stake in South Africa’s Natref refinery. The refinery stake became available after Prax Group, which acquired it from TotalEnergies, entered administration…

Nigerian lawmakers have called for firm diplomatic and economic measures against South Africa following a fresh wave of xenophobic violence that has reportedly claimed the lives of Nigerian citizens. Nigerian Lawmakers have demanded strong diplomatic and economic measures against South Africa over renewed xenophobic violence. Lawmakers instructed Nigeria’s Foreign Affairs Ministry to press South African…

Kemet, a New York-based crypto infrastructure startup founded by an Egyptian entrepreneur, has partnered with Coinbase to expand institutional access to crypto derivatives, deepening the US firm’s push into one of the fastest-growing segments of digital assets. Coinbase has partnered Kemet to give institutions unified access to multiple trading venues, including Deribit. The company also…

Foreign-trained doctors from Africa and other regions are among the key beneficiaries of a quiet policy reversal by the United States, as the Trump administration moves to exempt physicians from a broader immigration processing freeze tied to its expanded travel restrictions. The U.S. quietly reversed a policy to exempt foreign-trained doctors from a broad immigration…

Africa’s response to recent global fuel disruptions is increasingly being shaped by a single industrial asset in Nigeria, as Aliko Dangote’s $20 billion Dangote Petroleum Refinery, built with support from India and China, begins to reduce the continent’s reliance on imported fuel and challenge Europe and US refining dominance. The Dangote Petroleum Refinery in Nigeria…

The Nigerian national oil company has signed a new agreement with Chinese firms in a renewed attempt to revive and expand two of its long-struggling refineries, marking another chapter in the country’s decades-long effort to restore domestic refining capacity. Nigerian National Petroleum Company has signed a new agreement with Chinese firms to revive and expand…

As access to refined fuel continues to be hampered by the Iranian war, one of Africa’s largest economies, Kenya, has temporarily modified its fuel quality criteria. Kenya has temporarily relaxed its fuel sulfur limits due to supply disruptions caused by instability in the Middle East. The Ministry of Investments, Trade, and Industry authorized a six-month…

Taiwanese President Lai Ching-te arrived in Eswatini on Saturday, commencing a rescheduled visit to the southern African kingdom following prior delays. Taiwanese President Lai Ching-te arrived in Eswatini, highlighting the country’s importance as Taiwan’s only African diplomatic ally. The visit was initially delayed after three Indian Ocean nations denied overflight, a move Taiwan attributes to…

All but one of Africa’s 54 countries are now covered under China’s zero-tariff policy, following the addition of 20 more nations on May 1. The move leaves a single Southern African country, Eswatini as the only exception to Beijing’s sweeping duty-free access across the continent. China’s zero-tariff policy now covers all African countries except Eswatini…

Nigeria’s stock market extended its powerful rally on Wednesday, underscoring renewed investor appetite for equities in Africa’s largest economy as economic reforms continue to reshape sentiment. Nigeria’s stock market rose nearly 4% in a single day, extending a strong 2026 rally. The benchmark index is now up over 50% year-to-date. Banking and industrial stocks are…

South African regulators have moved to deregister the local arm of Moody’s Investors Service, marking a shift in how banks will use credit ratings in one of Africa’s most developed financial markets. Moody’s local unit in South Africa has been deregistered after voluntarily giving up its licence. Banks can still use its ratings for regulatory…

Nigeria could face tighter scrutiny over its security operations after U.S. lawmakers advanced a funding bill that places new conditions on American assistance to the country. U.S. lawmakers have moved forward with a bill that makes American security assistance to Nigeria conditional. The proposed legislation requires Nigeria to meet benchmarks such as responding to violence,…

Trade between Nigeria and Malaysia has reached approximately $1.21bn over the past five years, driven largely by a sharp rise in imports from Southeast Asia, according to the Nigeria Customs Service (NCS). Nigeria and Malaysia recorded approximately $1.21bn in bilateral trade over five years, according to the Nigeria Customs Service. Imports from Malaysia rose significantly,…

Within a global economic landscape increasingly characterized by fragmentation, geopolitical tensions, and shifting trade alliances, maintaining currency stability has emerged as a fundamental pillar of economic resilience for African countries. Currency stability is crucial for economic resilience in African countries amid global fragmentation and geopolitical tensions. Depreciating currencies worsen the impacts of external shocks like…

Ghana has said it is seeking investors to help establish a new national airline, inviting “potential strategic partners” to engage with the government as it moves to revive a flag carrier more than two decades after Ghana Airways’ collapse. Ghana is seeking investors to help establish a new national airline after over 20 years without…

France has urged its nationals in Mali to leave “as soon as possible” following coordinated attacks over the weekend, including incidents in the capital, Bamako, according to an updated travel advisory. France has advised its nationals in Mali to leave the country as soon as possible due to coordinated attacks and a volatile security situation.…

The president of the Democratic Republic of Congo (DRC), Felix Tshisekedi, recently informed his council of ministers that the country must audit its mining joint ventures to ensure that businesses are complying with national regulations, including the repatriation of export proceeds. President Felix Tshisekedi has ordered an audit of the DRC’s mining joint ventures to…

China has formally handed over a newly completed $56.5 million headquarters complex to the Economic Community of West African States (ECOWAS) in Abuja, marking one of Beijing’s most prominent institutional projects in West Africa. China has formally handed over a $56.5 million ECOWAS Headquarters Complex in Abuja, completed in under two years. The project is…

Following a recent announcement from the Democratic Republic of Congo (DRC) about plans to establish a paramilitary unit to defend mining companies, the United States has responded, noting that it currently has no plans to fund the initiative. The Democratic Republic of Congo announced plans to form a paramilitary unit to protect mining companies, in…

Nokia has selected Egypt as its regional support hub for the Middle East and Africa, establishing a centralised operations centre in Cairo to manage customer and network support services across the region. Nokia has established a regional support hub in Cairo to serve the Middle East and Africa. The move targets growing network complexity driven…

Aligning with the positions of Zambia and Zimbabwe in Southern Africa, Ghana has formally declined a proposed healthcare agreement with the United States, citing significant concerns regarding potential data breaches. Ghana may have declined a proposed healthcare agreement with the US, citing concerns over potential data breaches and sensitive health data sharing. This follows similar…

Nigeria’s government has moved to stabilise aviation operations by capping jet fuel prices and allowing airlines to purchase fuel on credit, according to a government document seen by Reuters, as authorities seek to prevent flight disruptions driven by rising costs. The Nigerian government is capping jet fuel prices and allowing airlines to buy on credit…

The Democratic Republic of the Congo (DRC) is taking a dramatic move to protect its massive mineral wealth by announcing plans to build a new paramilitary force to police its mining sector. The Democratic Republic of the Congo plans to create a paramilitary force to police its mining sector, supported by US and UAE funding.…

The government of the Democratic Republic of Congo (DRC) has signed a gold supply agreement with UAE-based Paradigm Holdings, marking a fresh step in efforts to expand the Central African nation’s access to global bullion markets through Dubai. The Democratic Republic of Congo has signed a gold supply agreement with UAE-based Paradigm Holdings to strengthen…

The United States is increasingly turning to Africa to secure the critical minerals needed to power its economy, with countries like Gabon and South Africa emerging as key suppliers. The United States increasingly sources critical minerals from Africa, especially from Gabon and South Africa. Gabon supplies all of the U.S.’s manganese, while South Africa provides…

High inflation, as evidenced by fast-rising Consumer Price Index (CPI) levels, continues to be one of the most serious economic difficulties confronting various African countries. High inflation, shown by rapidly rising CPI, remains a serious economic challenge for several African nations. Persistent inflation leads to widespread price instability, reducing consumer purchasing power and straining government…

The Democratic Republic of the Congo and Zambia are strengthening Africa’s position on the global copper map, as rising demand for the metal reshapes the minerals economy. The DRC and Zambia are strengthening Africa’s role in global copper production amid growing demand. The DRC is now among the top four countries for copper reserves, expanding…

The United States has renewed and expanded a key export financing scheme to strengthen agricultural trade with Nigeria, as bilateral commerce between the two countries continues to grow. The United States has reinstated a key export credit programme to boost agricultural trade with Nigeria. Bilateral trade between the two countries reached $15 billion in 2025,…

The HelloSafe Prosperity Index 2026 ranks Africa’s most prosperous nations, with Seychelles taking a clear lead at 98.09, followed by Mauritius (77.09) and Algeria (54.24). Business Insider Africa presents the richest African countries in 2026. The list is courtesy of HelloSafe Prosperity Index 2026. Seychelles tops the ranking by a wide margin, reflecting its high-income…

South Africa and Nigeria have emerged among the world’s top 10 outsourcing destinations, highlighting Africa’s growing role in the global business services industry as companies increasingly look beyond traditional hubs in Asia and Eastern Europe. South Africa and Nigeria are ranked among the world’s top 10 outsourcing destinations, reflecting Africa’s growing role in global business…

Africa’s richest man, Aliko Dangote, has pledged to support the construction of a new oil refinery in Tanzania. Aliko Dangote has pledged support for building a new oil refinery in Tanzania’s port city of Tanga, aiming to reduce Africa’s reliance on Middle East fuel imports. The refinery will process crude from regional producers and be…

Foreign investors are returning to Nigeria’s stock market after months of caution, driven by improving currency conditions and a broader rally in equities. Foreign investors more than doubled their activity in Nigeria’s stock market in March 2026. Improved foreign exchange conditions and cheaper valuations are drawing global funds back. Local investors still dominate, accounting for…

Globeleq is planning to develop a 250-megawatt solar and battery hybrid power project in Zambia, with completion targeted for 2029. Globeleq plans to build a 250-megawatt solar and battery hybrid power project in Zambia, aiming for completion in 2029. The project includes a 150-megawatt battery system that can provide up to four hours of storage.…

Nigeria’s biggest listed companies have climbed to a record N54.3 trillion in combined market value, or about $40.2 billion, as investors pour money into blue-chip stocks amid hopes of stronger foreign participation and improving economic reforms. Nigeria’s top-tier stocks hit a record N54.3 trillion ($40.2 billion), led by MTN Nigeria, Dangote Cement and major banks.…

Africa is rapidly scaling up solar power, importing record volumes of Chinese panels in 2025 as falling prices and global trade shifts redirect supply toward the continent. Africa imported a record 18.8 GW of Chinese solar panels in 2025. That’s a 48% jump as China redirects supply away from Western markets. Egypt and Algeria led…

In the second week of March, Africa’s second richest man, Johann Rupert, through Remgro, his investment firm, sold 52 million shares (worth a little over $200 million) in one of Africa’s largest listed financial services groups, FirstRand. Johann Rupert’s investment firm, Remgro, sold its remaining shares in FirstRand, divesting a non-core asset worth over $218…

Comments from the president of Kenya, William Ruto, on fuel prices in East Africa may have engendered some friction in the region, as Tanzania recently gave a dramatic response. Kenyan President William Ruto commented that higher fuel prices in Kenya are due to its middle-income economy and extensive road network. Ruto asserted that Kenya’s road…

Africa’s aviation industry is facing mounting pressure as the economic fallout from the war in Iran drives up fuel costs, disrupts flight routes, and threatens the financial stability of several carriers. Africa’s aviation sector is under pressure as the war in Iran drives a sharp rise in global oil and jet fuel prices. Airlines face…

Africa’s private capital market opened 2026 with a surge in value, even as the number of deals slowed, pointing to a shift in how investors are approaching the continent. Africa’s private capital market hit $16.1 billion in Q1 2026 despite a drop in deal volume. Mega deals in Nigeria, including MTN–IHS and Dangote Refinery financing,…

Africa’s private capital market is tilting decisively toward consolidation, with mergers and acquisitions accounting for a significant share of deal activity in early 2026 as companies respond to tighter funding conditions and rising competition. M&A made up nearly 25% of Africa’s deals in Q1 2026 as funding remains tight. MTN’s $6.2bn IHS deal signals a…

Flutterwave has denied reports that it has secured a $75 million investment from the Nigerian government, while also distancing itself from claims that it is preparing for an imminent initial public offering. Flutterwave has rejected claims that it secured a $75 million investment from Nigeria’s government. The fintech firm said recent reports misinterpreted ongoing discussions…

Kenya’s president, William Ruto, recently revealed why Kenya’s fuel prices are reacting more aggressively to the Iranian war than fellow East African countries. Kenyan President William Ruto explained that Kenya’s higher fuel prices compared to its neighbors are due to its status as a middle-income country, unlike its low-income neighbors. Ruto stated that fuel taxes…

The United States is stepping up efforts to secure critical mineral supplies from Africa, focusing on uranium-rich Namibia as competition with China intensifies across the continent. The US is increasing efforts to secure uranium and other critical minerals from Namibia amid competition with China. US officials aim to boost uranium imports and support local production…

Reports that the Nigerian federal government has approved a $75 million investment in Flutterwave, Africa’s largest fintech company, remain unconfirmed by the company itself, despite widespread media coverage and an initial social media post by a presidential aide that has since been deleted. Reports of a $75 million investment by the Nigerian government in Flutterwave…

African finance ministers and central bank governors are turning to global lenders as the economic fallout from the US–Iran war threatens to reverse recent stabilisation gains across the continent. African policymakers are seeking support from global lenders as the US-Iran conflict disrupts recent economic gains across the continent. Rising energy costs and supply chain issues…

Burkina Faso has told West African Resources Limited it plans to raise its stake in the Kiaka gold mine to 40%, up from 15%, in a move that comes as the Australian-listed producer projects a sharp increase in output from its West African operations. Burkina Faso plans to increase its stake in the Kiaka gold…

Cape Town will receive its first electric bus for MyCiTi network in August, marking a major milestone in Africa’s transition to cleaner public transport as cities seek to cut fuel costs, reduce emissions and modernise ageing transit systems. Cape Town receives first electric bus in August MyCiTi fleet to add 30 e-buses by 2027 Cape…

Global commodities trader Trafigura has agreed to purchase future gold output from Ghana’s Bogoso-Prestea mine while extending a $65 million financing facility to its owner, Heath Goldfields, in a deal aimed at restarting production at the troubled asset. Trafigura has signed a gold offtake agreement with Heath Goldfields, tied to a $65 million financing package.…

South Africa has been listed among countries where trust in the United States is declining, with sentiment falling by 21%, reflecting a broader global reassessment of alliances in an increasingly uncertain geopolitical environment. Trust in the United States is declining globally, with South Africa showing a 21% decrease in positive sentiment. Relations between South Africa…

Tanzania has moved to tighten control over its mining sector, revoking 40 mineral exploration licences in a sweeping enforcement action targeting companies accused of holding assets without developing them. Tanzania revoked 40 mineral exploration licences due to companies failing to develop their assets and violating regulations. The Ministry of Minerals cited issues such as asset…

The strength of a merchant fleet for African countries might not typically grab headlines, but it plays a critical part in how regions in Africa defend themselves should the need arise. A merchant fleet consists of commercial ships that transport goods globally and can be called into military service in times of conflict. These fleets…

Nigeria’s domestic aviation industry is edging toward a potential shutdown as operators grapple with a sharp and sustained spike in fuel costs, raising concerns about widespread disruptions to air travel and economic activity. Nigeria’s aviation industry is facing potential shutdown due to a sharp increase in jet fuel prices. The cost of Jet A1 fuel…

Amazon is in advanced negotiations to acquire satellite communications firm Globalstar in a deal valued at about $9bn, in a move that would intensify competition with SpaceX’s Starlink service across emerging broadband markets, particularly in Africa. Amazon is in advanced talks to acquire Globalstar in a deal valued at about $9bn, aimed at accelerating its…

Recent data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), shows that Nigeria’s import of premium motor spirits (petrol) increased by 96.7% in March compared to the month prior. Nigeria’s petrol imports nearly doubled in March, rising by 96.7% compared to February, despite increased domestic supply. The Dangote Oil Refinery played a major…

South Africa’s auto market is drawing intensified interest from global giants, with Indian automaker Mahindra expanding its operations in the country. South Africa remains Africa’s leading automotive manufacturing hub, hosting major global firms like Toyota, Ford, Volkswagen, and Mercedes-Benz. The country’s dominance faces increasing pressure from Chinese and Indian automakers, who are expanding aggressively in…

Seplat Energy, a leading independent oil and gas company in Nigeria, has become the first listed firm on the Nigerian Exchange Limited (NGX) to surpass the N10,000 per share mark. Seplat Energy became the first listed company on the Nigerian Exchange Limited (NGX) to surpass N10,000 per share. On Tuesday, Seplat’s share price climbed to…

A proposal to resettle South African farmers in Russia has emerged as a new geopolitical flashpoint, with Errol Musk confirming he is involved in a project to secure refugee status for Afrikaners, a white minority group in South Africa. Errol Musk has confirmed involvement in a Russian-backed initiative to resettle South African Afrikaner farmers. The…

French drone manufacturer Delair has announced plans to establish its African headquarters in Rabat and to launch a new subsidiary, Delair Africa, as it deepens its footprint across the continent’s rapidly evolving security and technology landscape. Delair is launching its African headquarters in Rabat, reinforcing Morocco’s role as a defence technology hub. The move strengthens…

Through strategic partnerships, such as the collaboration with NVIDIA to build AI factories, and the joint venture with a U.S. firm to enhance stablecoin adoption throughout Africa, Strive Masiyiwa seems to be on an ambitious campaign to push the integration of tech within the African commercial ecosystem. Strive Masiyiwa is spearheading Zimbabwe’s tech integration with…

French lawmakers on Monday, April 13, are set to debate a bill aimed at simplifying the return of artworks and cultural artefacts looted from Africa during the colonial era, in what could mark a significant shift in France’s handling of contested heritage held in national collections. The French parliament is debating a bill designed to…

Since the discovery of substantial oil reserves by TotalEnergies SE and Shell Plc in 2022, Namibia has garnered significant attention within the global oil market. Namibia has attracted global oil industry attention after significant oil discoveries by TotalEnergies and Shell in 2022. BP has recently secured a deal to acquire and operate a 60% stake…

Australian miner Chariot Resources Limited has announced a lithium-rich mineral discovery in Nigeria following the approval of six mining licences by the Nigerian Mining Cadastre Office (MCO), marking a significant step in its entry into the country’s critical minerals sector. Chariot Resources Limited has discovered lithium-rich minerals in Nigeria after receiving approval for six mining…

One of the most obvious indicators that it could be a smart idea to buy a house rather than keep renting is a lower price-to-rent ratio. The price-to-rent ratio measures whether it is more affordable to buy or rent a home. A low price-to-rent ratio suggests that home prices are reasonable compared to rent costs,…

Ghana is in talks with Ukraine to build a wheat flour processing plant, as rising imports and global supply risks push African countries to secure more control over their food supply chains. Ghana and Ukraine are discussing a wheat processing plant to cut import dependence. Wheat demand is rising fast, with imports up nearly 57%…

Egypt has secured a $525 million investment from a Singapore-based corporation, Indorama Corporation to build a phosphate fertiliser and chemicals complex in the Suez Canal Economic Zone (SCZONE), as it pushes to expand exports and strengthen foreign exchange earnings. Egypt has signed a $525m deal with Indorama to build a fertiliser plant in the Suez…

French renewable energy firm Voltalia has brought a 148-megawatt solar power plant online in South Africa, in a deal that signals how large industrial companies are moving away from unreliable national grids. A 148MW solar plant has begun supplying power to a Rio Tinto subsidiary in South Africa. The project reflects a growing shift by…

Amid persistent disruptions to global trade in the Strait of Hormuz, Togo is putting forward an ambitious plan to position the Port of Lome as a more secure and dependable logistics center for the international maritime industry. Togo aims to position the Port of Lome as a secure and reliable logistics center amid disruptions in…

Uganda’s central bank has moved to reshape the country’s gold sector by signing $160 million worth of contracts with local suppliers to start buying domestically refined gold. The Bank of Uganda has signed $160 million in contracts with local suppliers to purchase domestically refined gold. Agreements were made with EuroGold Refinery Ltd and Feldstein Trading…

The U.S. Department of State has updated its travel advisory for Nigeria to reflect changes in embassy operations, as it begins evacuating non-essential staff from its mission in Abuja amid heightened security concerns. The U.S. Department of State has updated its travel advisory for Nigeria and is evacuating non-essential staff from the embassy in Abuja…

The South African rand and Nigerian naira have been ranked among the global currencies posting strong gains against the U.S. dollar over the past year, reflecting shifting market dynamics and improving domestic conditions. The South African rand and Nigerian naira have been among the world’s top-performing currencies against the US dollar over the past year.…

As the conflict in the Middle East precipitates a global energy crisis, several countries have implemented fuel-conservation strategies. Notably, President Samia Suluhu Hassan of Tanzania has introduced commute restrictions for government officials to mitigate energy consumption. Tanzanian President Samia Suluhu Hassan ordered government officials to commute together by bus to conserve fuel amid the global…

The Dangote Petroleum Refinery has lowered the ex-gantry price of Premium Motor Spirit (petrol) in Nigeria to N1,200 per litre ($0.87), reversing its recent decision to increase the fuel price, according to an anonymous source at the facility. Dangote Petroleum Refinery reduced its ex-gantry petrol price in Nigeria to N1,200 per litre, reversing a recent…

Global cybercrime losses surged to a record $20.8 billion in 2025, with more than 1 million complaints filed, as Nigeria and South Africa ranked among countries flagged in the latest report by the FBI’s Internet Crime Complaint Center Cybercrime losses reached a record $20.8 billion in 2025, marking a 26% increase from the previous year.…

Africa’s fintech powerhouse Flutterwave is preparing for a significant expansion into lending after securing a national microfinance banking licence from the Central Bank of Nigeria, marking a major shift in its business model and positioning within the continent’s financial ecosystem. Flutterwave has secured a microfinance banking licence, enabling it to offer deposits, accounts, and direct…

Ghana’s Minister for Trade, Agribusiness and Industry, Elizabeth Ofosu-Adjare, recently disclosed that the West African country is losing $2.5 billon in export value annually. Ghana loses $2.5 billion annually due to exporting mostly raw agricultural produce without value addition. A new national agricultural policy framework has been finalized to improve value addition and is set…

Nigeria has enlisted billionaire-backed power firms in a 3.3 trillion naira ($2.3 billion) debt settlement programme aimed at stabilising Africa’s largest electricity market and unlocking stalled generation capacity in the country’s struggling power sector. Nigeria has launched a $2.1 billion debt settlement programme to stabilise its power sector and unlock stalled generation capacity. The initiative…

Several African and Caribbean nations, including Nigeria and Jamaica, could face tighter entry restrictions to the United Kingdom under a controversial proposal by Reform UK, escalating tensions over growing demands for reparations linked to the transatlantic slave trade. A UK political party has proposed visa restrictions targeting countries demanding slavery reparations, including Nigeria and Ghana.…

Pakistan has begun a two-week counter-terrorism drill with the Egyptian military, indicating a fresh attempt by both countries to improve operational coordination and battle preparation. Pakistan and Egypt have started a two-week counter-terrorism drill in Cherat, Khyber Pakhtunkhwa, Pakistan. Elite troops from both countries’ special forces are participating to enhance operational coordination and preparedness. The…

The Democratic Republic of the Congo has announced plans to begin hosting third-country nationals transferred under United States migration arrangements, marking the latest African country to engage with Washington’s expanding deportation strategy. The Democratic Republic of the Congo (DRC) will temporarily host third-country nationals transferred under US migration agreements. The initiative is described as temporary,…

Europe is facing mounting strain in its relations with the United States, while tensions over the Iran war are testing ties with Middle Eastern partners, exposing cracks within NATO and pushing the bloc to deepen its engagement with Africa as it repositions its global alliances. Growing tensions with the US, especially over NATO and defense…

African countries should increase borrowing, boost domestic revenue, and tap pension and sovereign wealth funds to finance the infrastructure needed to benefit from the artificial intelligence (AI) boom, the United Nations Economic Commission for Africa (UNECA) said. UNECA urges African countries to increase borrowing and boost domestic revenue to finance AI-related infrastructure. Africa currently has…

Confusion has emerged over crude supply allocations to the Dangote Petroleum Refinery, with officials at the facility saying they are unaware of any increase in cargoes reportedly approved by the Nigerian National Petroleum Company Limited (NNPC). There is confusion over whether the Dangote Petroleum Refinery will receive an increased number of crude cargoes from NNPC…

Morocco, heavily reliant on imports for its energy needs, currently has enough diesel and petrol to last 51 and 55 days respectively, the energy ministry said on Thursday. Morocco has enough diesel and petrol reserves to last 51 and 55 days, with coal and gas supplies secured through June. International tensions and the lack of…

Following reports regarding a $29 billion divestment by Natie Kirsh, the South African billionaire has ascended to the position of the third-wealthiest individual in Africa, surpassing Nigeria’s Abdulsamad Rabiu. Natie Kirsh has become Africa’s third-richest person, overtaking Abdulsamad Rabiu. Rabiu’s net worth increased from $10.4 billion to $14.6 billion earlier this year but now stands…

West African Resources is poised for a landmark year in 2026, forecasting annual gold production of between 430,000 and 490,000 ounces, driven by its Burkina Faso operations. West African Resources forecasts annual gold production of 430,000–490,000 ounces in 2026, driven by operations in Burkina Faso. The surge is fueled by the first full year of…

Nigeria’s fintech leader, Flutterwave Inc., has been granted a full banking license by Nigerian regulators, a development the company says will deepen its role in the country’s financial system and make digital payments more efficient for consumers, small businesses, and large enterprises. Flutterwave has received a full Nigerian banking license, allowing it to hold deposits…

Toyota Tsusho Corporation, a major player in the Toyota Group and a multibillion-dollar conglomerate, has committed an additional $32 million to the development of Namibia’s Lofdal Heavy Rare Earths Project. Toyota Tsusho Corporation has invested an additional $32 million into Namibia’s Lofdal Heavy Rare Earths Project to boost production of critical minerals. The investment targets…

Egypt’s airports have registered a surprising surge in passenger numbers this year, even as conflict in the Middle East continues to disrupt global aviation and travel confidence. Egypt’s airports recorded an 8% year-on-year increase in passenger numbers from March 1–29, reaching 2.2 million travelers.  This follows a strong start to 2026, with January and February…

South African gasoline prices are set to rise by the largest margin in nearly two decades as oil prices surge and the rand weakens amid the war in Iran. South African gasoline prices will rise by the largest margin in nearly 20 years due to surging oil prices and a weaker rand linked to the…

Following international coverage on the illegal recruitment of Kenyan citizens in the Russia/Ukraine war, the Kenyan government has successfully coordinated efforts to secure their release. The Kenyan government repatriated around 47 nationals who had been recruited to fight in the Russia-Ukraine conflict, but some Kenyans continue to participate willingly. Kenya’s government has declared that enlisting…

Officials from Uganda and Egypt have raised concerns over the growing economic strain on Africa as the ongoing conflict involving Iran continues to disrupt global energy markets and drive up food prices. African leaders are raising alarm over rising energy and food prices linked to the Iran conflict. Egypt and Uganda warn that global oil…

Masai Ujiri, the Nigerian executive and former President and Vice Chancellor of the 2019 National Basketball Association (NBA) champions, the Toronto Raptors, is transitioning his leadership expertise to the Women’s National Basketball Association (WNBA). Masai Ujiri, former Toronto Raptors executive, has become a principal owner of the new WNBA team Toronto Tempo. He joins Serena…

South Africa’s leading brands posted robust gains in 2026, with the combined value of the country’s top 100 brands rising 12% year on year to about $41 billion, according to a new report by Brand Finance. South Africa’s top 100 brands recorded a 12% rise in value to about $41 billion in 2026. MTN maintained…

Africa has secured five places on Time magazine’s World’s Greatest Places of 2026 list, underscoring both the continent’s growing appeal in global tourism and its continued underrepresentation in high-end travel rankings. Africa secured five spots on Time magazine’s World’s Greatest Places of 2026 list, reflecting both growing interest and ongoing underrepresentation in luxury travel rankings.…

Ghana has restricted the sale of the Damang gold mine to locally owned firms, tightening state control over strategic resources as it prepares to take over the asset from Gold Fields. Ghana has limited the sale of the Damang gold mine to companies fully owned by Ghanaian citizens, increasing state control over strategic resources. The…

African banks have crossed a major milestone, with industry revenues now exceeding $100 billion for the first time, a sign of the sector’s growing weight in the global financial system. African banking revenues have crossed $100 billion for the first time, signalling the sector’s growing economic weight. Banks are outperforming global peers on profitability, with…

Kenya has confirmed its role as co-host of the 2027 Africa Cup of Nations after paying the $30 million hosting fee to the Confederation of African Football (CAF), ending weeks of uncertainty over its participation. Kenya has paid the $30 million Africa Cup of Nations hosting fee, securing its co-hosting role alongside Uganda and Tanzania.…

The president of Russia, Vladimir Putin, offered warm congratulations to his friend, Denis Sassou Nguesso, the president of the Republic of Congo, for his successful re-election for a second term in office. Vladimir Putin congratulated Denis Sassou Nguesso on his re-election as President of the Republic of Congo, being the first world leader to do…

Nigeria’s state-owned oil company, Nigerian National Petroleum Company Limited (NNPC Ltd), is laying the groundwork for a potential listing on major global exchanges, including New York and London, as part of a broader transformation to attract international investors. Nigeria’s NNPC Ltd is preparing for a potential global IPO on the New York and London stock…

The United States sharply reduced its imports of Nigerian crude oil in January 2026, cutting volumes by almost half, underscoring evolving global energy dynamics and intensifying competition in Africa’s oil market. The United States cut Nigerian crude imports by nearly 50 per cent in January 2026, signalling a sharp shift in trade flows. Despite higher…

A US-backed iron ore developer backed by billionaire Robert Friedland has cleared a major regulatory hurdle in West Africa, positioning one of the region’s largest untapped iron ore projects closer to production even as it faces leadership changes and geopolitical scrutiny. Ivanhoe Atlantic’s Kon Kweni iron ore project in West Africa received formal approval of…

Niger has officially joined Burkina Faso as the second member of the Alliance of Sahel States (AES) to roll out a biometric identity card system, marking a significant step in the bloc’s push for digital sovereignty and administrative reform. Niger has become the second AES country, after Burkina Faso, to launch a biometric identity card…

Even as Washington works to ease tensions between Congo and Rwanda and stabilise the region for investment, Africa’s largest cobalt producer has signed a fresh mining cooperation deal with China, reinforcing Beijing’s stronghold in the country’s critical minerals sector. The Democratic Republic of Congo has signed a new mining cooperation deal with China, reinforcing its…

Nigeria is experiencing rising demand for its liquefied natural gas (LNG) cargoes as disruptions from the Middle East conflict create new commercial opportunities for the West African producer. Demand for Nigerian LNG cargoes is rising due to supply disruptions caused by the Middle East conflict. Nigeria’s proximity to major markets and its vast gas reserves…

General Muhoozi Kainerugaba, Uganda’s Chief of Defence Forces and son of President Yoweri Museveni, has shocked regional and international observers by publicly aligning himself with Israel amid the escalating Middle East conflict, suggesting that Uganda could take military action against Iran if threats to Israel persist. General Muhoozi Kainerugaba, Uganda’s Chief of Defence Forces and son of the president,…

Zambia is on track to produce more than 1 million tonnes of copper in 2026, a record milestone driven by expanded output from its largest Canadian-owned operations, Mines and Minerals Development Minister Paul Kabuswe has said. Zambia is projected to produce over 1 million tonnes of copper in 2026, surpassing its previous record. The country’s copper output…

South Africa’s exclusion from the upcoming G7 summit in Evian, France, marks the latest escalation in a deepening diplomatic rift with the United States, revealing how geopolitical tensions are beginning to reshape Pretoria’s global engagement. South Africa has been excluded from the upcoming G7 summit in France after the U.S. pressured France to withdraw the…

From April 2026, Africans, and citizens of other nations seeking to live, work, or study in the UK will encounter higher visa charges, following government announcements that have sparked debate over the financial impact on migrants. The UK will raise visa fees for travellers, workers, and students from 8 April 2026. The government justifies the…

Uganda, in its last fiscal year, experienced a significant spike in its merchandise products sold, compared to the financial year prior. Uganda experienced a 72% increase in merchandise export revenue, rising from $844.60 million in January 2025 to $1,453.53 million in January 2026. The merchandise trade surplus in January 2026 was USD 147.26 million, mainly…

Namibia has denied Elon Musk’s satellite internet company, Starlink, the right to operate in the country, citing ownership and regulatory compliance concerns, the nation’s telecommunications regulator announced on Wednesday. Namibia has denied Starlink the license to operate in the country due to ownership and regulatory compliance concerns. The regulator, CRAN, stated Starlink only met three…

Italy is seeking to increase gas imports from Algeria after both countries agreed to deepen energy cooperation, Prime Minister Giorgia Meloni said during a visit to Algiers. Italy aims to increase gas imports from Algeria following new energy cooperation agreements. Prime Minister Meloni met with President Tebboune amid LNG supply disruptions from Qatar. The cooperation…

Visa applicants in South Africa with pending waivers and appeals may be forced to leave the country by the end of March 2026 as the Department of Home Affairs (DHA) is set to let a critical visa concession expire. South Africa’s Department of Home Affairs (DHA) will let a critical visa concession for pending waivers…

Ghana and Colombia have agreed to establish a direct maritime shipping link between the Port of Tema and the Port of Cartagena, as both countries seek to expand trade between Africa and Latin America and reduce reliance on traditional transatlantic routes. Ghana and Colombia have agreed to a direct shipping link between Tema and Cartagena.…

Niger and Algeria are deepening their strategic cooperation with a new wave of agreements aimed at accelerating development in key sectors, marking a significant step forward in West and North African regional cooperation. Niger and Algeria are strengthening their cooperation with new agreements in sectors such as health, energy, agriculture, and infrastructure. A major outcome…

Nigeria and Finland have signed a new agreement to deepen cooperation in the digital economy, as both countries look to expand innovation, improve public services and build technical skills. Nigeria and Finland signed an MoU to expand cooperation in digital innovation and public technology systems. The deal covers cybersecurity, digital infrastructure, and skills development. It…

Morocco has reached financial close and signed power purchase agreements for a 305-megawatt solar programme, deepening its shift toward decentralised renewable energy and offering a financing model that could influence projects across Africa. Morocco has secured financing and signed power purchase agreements for its 305-megawatt Noor Atlas solar programme. The project will deliver six photovoltaic…

The Dangote Refinery, Africa’s largest refinery, is reportedly looking into exporting most of its products, a development that could potentially precipitate a significant energy crisis within Nigeria. The Dangote Refinery, Africa’s largest oil refinery, is considering exporting most of its products due to alleged new fuel importation licences issued by Nigerian authorities. The Nigerian Midstream…

Aliko Dangote warned that escalating tensions in the Middle East risk triggering a fresh wave of inflation and economic strain across Africa, as higher oil prices ripple through economies already grappling with debt and weak currencies. Africa’s richest man, Aliko Dangote, has warned that escalating tensions in the Middle East could trigger another wave of…

The Democratic Republic of Congo (DRC), long known as a global powerhouse in minerals such as cobalt, copper, and other precious metals, is now diversifying its economy by investing in agriculture. The Democratic Republic of Congo is shifting focus from its traditional reliance on minerals to developing its agricultural sector. A memorandum of understanding was…

Gabon is stepping up cooperation with Senegal as it prepares to overhaul its poultry industry and reduce reliance on imported chicken, ahead of a planned import ban in 2027. Gabon is turning to Senegal for technical support as it prepares to ban chicken imports by 2027 and build its domestic poultry industry. Senegal’s two-decade import…

Nigeria has attracted more than $2.6 billion in foreign direct investment into its mining sector over the past two years, as the government steps up reforms and seeks to position the country as a key player in the global supply chain for critical minerals. Nigeria has attracted more than $2.6 billion in foreign investment into…

Egypt has officially launched the 56.5-kilometre East Nile monorail – Africa’s longest – marking a major milestone in the country’s push to modernise urban transport and expand green mobility infrastructure. Egypt launched the 56.5 km East Nile monorail, connecting Cairo’s Nasr City to the New Administrative Capital. The driverless monorail, spanning 22 stations, aims to…

Ghana has entered the global lithium market after Parliament approved a major mining lease, positioning the country as a potential supplier to U.S. battery supply chains seeking alternatives to China. Ghana has ratified the Ewoyaa Lithium Project, officially joining the global lithium market and ending years of regulatory delays. Atlantic Lithium has been granted exclusive…

The University of South Africa has become the first tertiary institution on the continent to own an airport, marking a bold shift towards practical, skills-based education in Africa’s fast-evolving aviation and engineering sectors. The University of South Africa has become the first African university to own an airport. The 20-hectare facility will support practical training…

Burkina Faso has suspended all exports of fresh tomatoes with immediate effect, in a move aimed at protecting domestic processing industries and securing raw material supply, according to a government directive issued on March 16, 2026. The export ban covers all exporters, with existing export permits valid only for two more weeks. Burkina Faso has…

The Democratic Republic of Congo and South Africa are set to resume talks on the long-delayed Inga 3 hydropower project, reviving one of Africa’s most ambitious energy plans. Congo and South Africa will resume talks on the Inga 3 hydropower project in April 2026. The project could generate up to 11,000MW and cost over $10…

A Canada-based mining firm, Newcore Gold Ltd., has more than doubled the most reliable gold resource at its project in Ghana, marking a key step toward possible mine development at a time of strong global prices. Canada-based Newcore Gold Ltd. more than doubled the indicated resource at its Ghana project to 1.5 million ounces. Total…

The Democratic Republic of Congo and Rwanda have agreed to take new steps to reduce fighting in eastern Congo, following US-hosted talks aimed at reviving a fragile peace deal that has failed to hold. DRC and Rwanda agreed to de-escalate eastern Congo tensions after US-hosted talks in Washington on March 17-18, 2026. Rwanda will disengage…

United Kingdom has signed a new migration agreement with Nigeria that will make it significantly easier to deport visa overstayers, failed asylum seekers, and foreign criminals, underscoring a broader tightening of immigration controls across Western nations. The UK has signed a new migration agreement with Nigeria, easing the deportation of visa overstayers, failed asylum seekers,…

Nigeria and the United Kingdom have signed three Memoranda of Understanding to strengthen migration governance, border security, and business mobility, marking a significant step in bilateral relations during President Bola Ahmed Tinubu’s visit to the UK. Nigeria and the UK have signed three MoUs covering migration, border security, and business visas. The agreements aim to…

A Canadian diamond miner has uncovered a rare 36.92-carat blue diamond in Botswana, highlighting the enduring value of high-quality stones even as the industry shifts focus toward copper and critical minerals amid weakening demand for natural diamonds. Lucara Diamond Corp discovered a rare 36.92-carat blue diamond in Botswana, emphasizing the value of high-quality stones. The…

Nigeria’s leading anti-corruption agency has returned nearly $2.6 million in recovered funds to the Nigerian National Petroleum Company (NNPC) Limited, in a move that underscores renewed efforts to tackle financial misconduct within the country’s oil sector. Nigeria’s anti-graft agency has returned $2.6 million in recovered funds to NNPC. The EFCC says the money was recovered…

The Chinese Embassy in Zimbabwe has issued a fresh warning to its nationals and companies operating in Zimbabwe following new government measures restricting the export of raw minerals, including lithium concentrates. The Chinese Embassy in Zimbabwe has warned its nationals and companies about new restrictions on exporting raw minerals, including lithium concentrates. Chinese investors are…

African nations are expected to borrow $155 billion in long-term commercial debt in 2026, a 10% increase from 2025, according to S&P Global Ratings. African nations are anticipated to borrow $155 billion in long-term commercial debt in 2026, marking a 10% rise from 2025. This increased borrowing aims to refinance maturing debt and manage expanding…

Italy’s Eni has discovered more than 1 trillion cubic feet of gas offshore Libya, strengthening Europe’s push to secure alternative energy supplies closer to home. Eni has discovered over 1 trillion cubic feet of gas offshore Libya. The fields can be quickly developed using existing infrastructure. Output will supply Libya and boost exports to Italy.…

The World Bank has approved $45 million in financing for Zambia to support its economic reform programme and strengthen resilience to climate shocks. The World Bank has approved $45 million to support Zambia’s economic reforms and climate resilience efforts. The funding signals renewed investor confidence following debt restructuring and IMF-backed reforms. Key focus areas include…

The Democratic Republic of Congo has approved the sale of copper and cobalt producer Chemaf to US-based Virtus Minerals, according to Bankable, in a deal that shows Washington’s growing push to secure critical minerals from Africa. Congo has approved the sale of Chemaf to US-based Virtus Minerals. The deal supports a broader US strategy to…

Namibia is rapidly emerging as one of Africa’s most active mineral exploration hubs, drawing a surge of investor interest as global demand for critical resources accelerates. Namibia is emerging as Africa’s top frontier for mineral exploration, attracting over 800 new licence applications.  Regulatory reforms and digital platforms are speeding approvals and clearing backlogs.  South Africa,…

Ethiopia has emerged as Africa’s second-largest destination for foreign direct investment (FDI), underscoring its growing appeal to global investors and the impact of recent economic reforms. Ethiopia has emerged as Africa’s second-largest FDI destination, attracting $18.6 billion over the past 5 years. Chinese companies dominate investment, accounting for the majority of projects across key sectors.…

Petrol imports in Nigeria during the last fiscal month declined significantly, as the Dangote Refinery stepped in to fill the energy gap. Nigeria’s petrol imports dropped sharply last month as the Dangote Refinery supplied most of the nation’s fuel demand. In February, local fuel supply accounted for 92% of total demand, reducing daily imports to…

Africa is emerging as a critical supplier of liquefied natural gas (LNG) to Europe, as the continent seeks to capitalise on shifting global energy dynamics driven by instability in the Middle East and ongoing uncertainty over Russian gas supplies. Africa is positioning itself as a key LNG supplier to Europe amid intensifying energy security concerns.…

Senegal has become the 26th nation globally – and the 21st in Africa to sign onto a $12.6 billion U.S.-backed health initiative aimed at strengthening healthcare systems and expanding access to critical medical services Senegal has joined a $12.6 billion U.S.-backed global health initiative, becoming the 26th country and 21st in Africa to participate. The…

Africa’s agriculture sector has become a growing playground for startups trying to solve some of the continent’s most stubborn food and farming challenges. Over the past decade, entrepreneurs have launched companies that connect farmers directly to markets, digitise supply chains, provide financing to smallholders, and introduce climate-smart technologies to improve yields. Business Insider Africa presents…

Burundi has signed a three-year agreement with US-based mining companies KoBold Metals and Lifezone Metals to explore critical minerals needed for the global energy transition, marking a significant step in the East African country’s push to attract foreign investment into its natural resources sector. Burundi has signed a three-year minerals exploration agreement with US mining…

In a period of geopolitical turmoil and fluctuating oil markets, African countries can benefit greatly from retaining relatively low fuel prices. Fuel prices in Egypt, Nigeria, Ethiopia, and Liberia increased compared to last month. Fuel prices in Algeria, Tunisia, and Niger decreased slightly, despite the overall increase in the global average price. Fuel prices in…

Kenya is exploring plans to extend a colonial-era railway to its north-western oil fields, creating a new route to transport crude to an Indian Ocean port by 2030. Kenya is planning to build a 640 km meter-gauge railway to transport crude oil from its north-western oil fields to an Indian Ocean port by 2030. The…

France has signaled a renewed diplomatic push in Africa with the first visit in seven years by a senior official to the Central African Republic (CAR). France is renewing its diplomatic engagement in Africa, highlighted by Foreign Minister Jean-Noël Barrot’s visit to the Central African Republic (CAR) after seven years. The visit marks Paris’ strategic…

The International Finance Corporation (IFC) is considering a $40 million investment in Nile Sugar Company, a sugar beet project owned by one of Egypt’s leading business families, as the country works to reduce its dependence on imported sugar. The International Finance Corporation (IFC) is considering a $40 million investment in Nile Sugar Company to support…

Rising global oil prices are offering a fresh financial reprieve to Algeria, Africa’s largest country by landmass, as crude briefly surged past $100 a barrel amid geopolitical tensions linked to the Iran conflict. Oil prices briefly surged above $100 per barrel, offering Algeria fiscal breathing room amid geopolitical tensions that threaten global energy supplies. The…

Mauritania has secured a $1 billion trade finance framework agreement with the Saudi-based International Islamic Trade Finance Corporation (ITFC) to support key sectors of its economy and strengthen trade capacity over the next five years. Mauritania has signed a $1 billion trade finance agreement with the International Islamic Trade Finance Corporation. The five-year framework will…

Canal+, the French media company that recently acquired MultiChoice, says the high cost of joining the DStv platform is a major reason subscriber growth has slowed across parts of Africa. Canal+ says the high cost of installing DStv equipment is slowing subscriber growth across parts of Africa. Installation in MultiChoice markets costs about €38 compared…

Ghanaian lawmakers are demanding answers from the government following reports that the country may have played a support role in recent U.S.–Nigeria airstrikes targeting Islamic State militants in northern Nigeria. Ghanaian lawmakers are demanding clarification from the government about its potential support role in recent U.S.–Nigeria airstrikes targeting ISIS militants. The U.S. Africa Command conducted…

Dr. Ibiagbani “Ibi” Max-Harry’s journey into science began with a childhood moment that showed her just how big the world could be. Today, her research on pancreatic cells could open new doors for diabetes treatment. Dr. Ibi Max‑Harry was inspired to pursue science by her mother’s academic achievements and her own curiosity about the molecular…

To enhance power generation and satisfy energy requirements, Kenya has launched an energy initiative valued at $2.9 billion. Kenya has launched a $2.9 billion energy initiative to build a 1,200-megawatt gas-fired power plant in Dongo Kundu, Mombasa. The project aims to meet growing electricity demand and is a joint effort between private investors and state-owned…

Bilateral trade between China and Ghana has climbed to a record $14.1 billion, reflecting a surge in economic cooperation and growing diplomatic ties between the two countries. Bilateral trade between China and Ghana has reached a record $14.1 billion, up more than 19% year-on-year. Chinese diplomats say the milestone reflects stronger economic and political cooperation…

Nigeria’s foreign minister has urged major Gulf oil producers to view the West African country as a strategic partner rather than a competitor, arguing that collaboration could help stabilise global energy supply during geopolitical crises. Nigeria is urging Gulf oil producers to partner with it rather than compete as geopolitical tensions threaten global energy supply.…

Fuel prices have risen across Africa in recent weeks, owing primarily to global crude oil volatility amid Middle Eastern tensions. Nigeria, South Africa, Ghana, Egypt, and Somalia have all seen significant price increases, raising concerns about the wider economic and social implications. Fuel prices have sharply increased across many African countries due to global crude…

Ghana will move forward on Tuesday with a new sliding‑scale gold royalty regime that ties state revenues to rising bullion prices, the country’s mining regulator told Reuters. Ghana will implement a new sliding-scale gold royalty regime that links state revenues to rising gold prices. The policy faces opposition from the US, China, other Western governments,…

Egypt attracts roughly $400 million in annual investment into its entrepreneurship sector, according to Amr El Abd, entrepreneurship adviser to Prime Minister Mostafa Madbouly, highlighting the country’s growing appeal as a destination for startup capital in Africa. Egypt is attracting roughly $400 million in annual investments into its entrepreneurship sector. Officials say the inflow highlights…

Nigeria, Senegal and Mali have emerged as the largest weapons importers in sub-Saharan Africa, reflecting rising defence spending as governments respond to insurgency, terrorism and regional instability. Arms imports in sub-Saharan Africa rose by 13% between 2016–2020 and 2021–2025, even as overall African imports declined. Senegal and Mali have become leading arms importers in sub-Saharan…

Mercedes-Benz Group AG is exploring the possibility of sharing its South African manufacturing plant with Chinese automaker Great Wall Motor Co., a move that could strengthen the facility amid US trade tariffs. Mercedes-Benz is considering sharing its South African manufacturing plant with China’s Great Wall Motor (GWM) to bolster operations amid new US tariffs. Discussions…

Egyptian billionaire Naguib Sawiris has condemned Iran’s recent missile and drone attacks on the United Arab Emirates, describing the assault as more than just a military operation. Egyptian billionaire Naguib Sawiris condemned Iran’s missile and drone attacks on the UAE, calling them an attack on freedom and progress. Iran launched 186 ballistic missiles and 812…

The United States government has issued a fresh security advisory for its citizens in Nigeria, warning of potential threats against U.S. facilities and affiliated schools. Americans in Nigeria are urged to exercise caution, vary travel routines, stay alert, and review personal security plans. The U.S. government issued a new security advisory for its citizens in…

A shipment of liquefied natural gas (LNG) from Nigeria has been redirected from Europe to Asia after a sharp spike in Asian gas prices created a lucrative arbitrage opportunity for traders, highlighting how rapidly shifting global energy markets can reshape trade routes. A Nigerian liquefied natural gas cargo has been rerouted from Europe to Asia…

A surge in global oil prices triggered by the escalating conflict involving Iran is sending shockwaves through African economies, raising the prospect of higher fuel costs, rising inflation, and renewed pressure on already fragile currencies across the continent. Rising oil prices linked to the Iran conflict are sending economic shockwaves across African fuel markets. Because…

Rising geopolitical tensions linked to the confrontation between the United States and Iran could prompt Gulf states to reassess overseas investment commitments, including major pledges to African economies that have increasingly relied on capital from the region. Rising US-Iran tensions are prompting Gulf states to reconsider their overseas investment plans, particularly in Africa. Gulf countries,…

The Dangote Petroleum Refinery has promised to shield Nigeria from the conflict-driven energy inflation currently affecting some parts of the globe, in the face of a slight fuel increase. The Dangote Petroleum Refinery has increased fuel prices by N100 due to a rise in global crude prices and supply disruptions linked to Middle East tensions.…

Egypt’s petroleum ministry denied any connection to a Russian liquefied natural gas (LNG) tanker that sank in the Mediterranean on Wednesday. Egypt’s petroleum ministry denied involvement with the Russian LNG tanker that sank in the Mediterranean. The Arctic Metagaz sank between Libya and Malta after catching fire, according to Libya’s maritime rescue agency. Russia claims…

World’s largest container shipping firm, Mediterranean Shipping Company (MSC) announced that it will introduce a “war surcharge” for cargo shipments to African nations and Indian Ocean islands from the Indian subcontinent and Gulf countries. MSC will introduce a war surcharge on cargo shipments from the Indian subcontinent and Gulf countries to Africa and Indian Ocean…

The escalating conflict in the Middle East is raising economic risks for many African countries as rising oil prices threaten to weaken currencies, worsen trade balances and push inflation higher across the continent. Rising tensions in the Middle East have pushed global oil prices higher, creating economic risks for many African countries that rely heavily…

Ghana has signed a bilateral debt restructuring agreement with Belgium as the West African country continues efforts to rebuild its finances after a deep economic crisis forced it to default on its debt in 2022. Ghana has signed a bilateral debt restructuring agreement with Belgium as it works to stabilise its economy after the 2022…

Rising geopolitical tensions involving Iran have pushed global oil prices sharply higher, creating potential economic gains for a small group of African oil exporters. Rising geopolitical tensions involving Iran have driven global oil prices higher, especially benefiting a few Sub-Saharan oil exporters. Nigeria, Angola, and Ghana are set to profit from the price surge, as…

A Canadian mining company, Stellar AfricaGold, has completed the first phase of drilling at its gold exploration site in Morocco and is moving quickly to expand operations after early results indicated promising mineralisation. Canadian miner Stellar AfricaGold has completed the first phase of drilling at its Tichka Est Gold Project in Morocco. Early results confirmed…

In the global mining industry, some of the most powerful figures operate quietly. One of them is Oskar Lewnowski, a metals investor who has spent decades financing mines but has rarely appeared in the public spotlight. A little-known mining financier is emerging as a key player in the global race for critical minerals. Oskar Lewnowski…

Tanzania has launched a major expansion of fuel infrastructure at the Port of Dar es Salaam, investing about $274 million (TZS 701.8 billion) to construct 15 new oil reception and storage tanks aimed at easing congestion and strengthening the country’s energy supply system. Tanzania has launched a $274 million (TZS 701.8 billion) project to build…

South Africa, similar to its move last year, has yet again offered to be a mediator in a major global conflict, this time between Israel and Iran. South Africa has once again offered to mediate in a significant global conflict, this time between Israel and Iran. President Cyril Ramaphosa stated that South Africa is ready…

Tourism remains a major economic engine across Africa, but in some countries, it is especially critical, contributing a significant share of national GDP and ranking among the most tourism-dependent economies globally. Business Insider Africa presents the top 5 African countries most dependent on tourism (Share of GDP). The data is from UN Tourism and the…

The dispute between the US mining firm, Kobold Metals, backed by Breakthrough Energy Ventures, which was founded by Bill Gates, and Belgium’s AfricaMuseum over the digitization of colonial-era maps of what is now the Democratic Republic of the Congo may be intensifying. KoBold Metals, backed by Bill Gates’s Breakthrough Energy Ventures, is looking to gain…

Egypt has emerged as one of the world’s most active nuclear builders and is currently the only African country constructing multiple reactors. Egypt is currently constructing four nuclear reactors, making it Africa’s leading nuclear builder. Egypt’s new reactors will add around 4.8 GW of capacity, ranking it among the top nations expanding nuclear energy. China…

Nigeria’s foreign exchange buffers have expanded sharply over the past two years, with net reserves rising more than sevenfold as the country overhauled its currency management framework. Nigeria’s net foreign exchange reserves rose 772% in two years to $34.8 billion at the end of 2025. The figure now exceeds the country’s total gross reserves recorded…

Egypt’s central bank and commercial banks now hold more foreign currency than ever before. On Monday, the central bank said net foreign assets, a key measure that shows total foreign money held minus foreign debts, rose by $4.02 billion in January. The new total reached a record $29.54 billion. Egypt’s net foreign assets rose by…

Uganda’s central bank said it will begin its domestic gold purchasing programme this month, joining a growing number of central banks worldwide that are boosting their gold holdings amid rising prices. Uganda’s central bank will start buying domestic gold this month to boost reserves amid record gold prices. Gold prices have surged above $5,000 an…

Abdulsamad Rabiu, Nigeria’s second richest man, and the fourth richest person in Africa, is set to receive a big dividend pay after BUA Cement reported a significant increase in profits for the previous fiscal year. Abdulsamad Rabiu, Nigeria’s second richest man, is set to receive nearly N324.38 billion in dividends from BUA Cement’s record profits.…

As the Middle East crisis continues to escalate following coordinated strikes by the United States and Israel on Iran, East Africans have received an unexpected note of reassurance. Iran’s ambassador to Kenya assured that Iran’s missile strikes will not target Africa, emphasizing their range limit of 2,000 km as a sign of peaceful intentions. The…

In global finance, a robust currency serves as a significant indicator, transcending a mere exchange rate figure, particularly within select African countries. A strong currency reflects a nation’s economic health, reliability, and discipline, which is vital for investors and residents. Depreciation of currencies increases the cost of imports, driving inflation and impacting both individuals and…

A South African tech billionaire is expanding into the insurance sector after the country’s competition watchdog recommended approval of a transaction that will give him an interest in King Price. South African tech billionaire Zak Calisto is moving into insurance after regulators backed his planned stake in King Price. The Competition Commission recommended that the…

The United States has lifted sanctions imposed in July 2023 on three senior Malian officials over their links to Russia’s Wagner mercenary group, in a move that signals a diplomatic reset with the military-led governments of the Sahel. The United States has lifted sanctions on three senior Malian officials previously targeted for their links to…

The world’s largest premium aluminium producer, Emirates Global Aluminium, reported stronger core earnings for 2025 after record metal sales offset a major financial hit tied to its Guinea operations. Emirates Global Aluminium (EGA) posted stronger core profits in 2025 despite losing a key bauxite concession in Guinea.  Record aluminium sales and higher realised prices drove…

The European Investment Bank Group has delivered one of its strongest years yet on the continent, deploying €3.1 billion to Africa in 2025 as part of a wider €9 billion package channelled through its development arm, EIB Global. The European Investment Bank Group invested €3.1 billion in Africa in 2025, focusing on SMEs, clean energy,…

Africa’s leading online retailer, Jumia, is positioning itself to capitalize on renewed consumer spending in Nigeria, unveiling an ambitious growth campaign to deepen the country’s adoption of digital commerce amid rising competition from global rivals. Jumia is ramping up its growth strategy in Nigeria, betting on a rebound in consumer spending. The company’s new “Just…

The United States has expanded the use of third-country deportations to several African countries, a policy shift that is drawing scrutiny over its financial cost and oversight mechanisms, according to a report by Democrats on the Senate Foreign Relations Committee. African participation varies, with decisions driven by financial, strategic, or diplomatic interests, while U.S.-Africa migration…

Zambia has halted a proposed health funding agreement worth more than $1 billion from the United States, citing concerns that certain clauses in the draft do not fit with the country’s national interests. Zambia has suspended a $1 billion US health funding agreement, citing concerns that certain clauses do not align with its national interests.…

Wealth isn’t necessarily a benefit when it comes to mental health, a new report released in February shows, and nowhere is this more evident than in Africa. A new report shows that wealth does not necessarily equate to better mental health, with young people in Africa outperforming those in wealthier countries. Youth in high-income countries…

Lithium prices and stocks jumped after Zimbabwe, a leading global producer, suspended exports of lithium concentrate, sparking concerns about tightening global supplies of the critical battery material. Lithium prices and stocks surged after Zimbabwe suspended all exports of lithium concentrate. China’s lithium prices soared amid concerns about tighter global supplies following the ban. Lithium is…

Africa’s digital landscape is rapidly evolving as countries implement policies to expand internet access and improve connectivity. Africa is rapidly enhancing its digital landscape through policies and investments in broadband, 4G, and 5G networks. Governments are prioritizing digital adoption and partnering with tech companies to expand coverage and reduce costs. Challenges like regulatory inconsistencies, rural…