Michael J. Prest has landed a significant courtroom win in Zambia after the High Court of Zambia threw out two attempts by the Bank of Zambia to shut down his challenge over the collapse of Investrust Bank Plc. Michael J. Prest has secured a major victory in the High Court of Zambia after judges rejected…
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Nigeria forfeited between roughly $2.3bn and $3.3bn to post-harvest losses in 2025, underscoring deep structural weaknesses in the country’s agricultural logistics and storage systems, according to industry estimates. Nigeria lost between $2.3 billion and $3.3 billion to post-harvest inefficiencies in 2025. Industry leaders say up to 40 million metric tonnes of food were wasted. Poor…
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Innoson Group is quietly becoming one of Nigeria’s biggest industrial employers. The company’s CEO, Innocent Chukwuma, says 8,000 people now work directly for the automaker, and a new factory under construction will add another 2,000 jobs. Nigerian automaker Innoson Group says its workforce has grown to 8,000 employees. CEO Innocent Chukwuma plans to hire another…
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The South African Revenue Service has intensified pressure on South African businessman Siviwe Mpengesi, warning that it may seize assets worth about $3.3 million in an escalating tax dispute. South Africa’s tax authority has escalated its pursuit of businessman Siviwe Mpengesi, warning it may seize assets worth $3.3 million. The dispute stems from allegedly unfiled…
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Despite regional efforts to limit United States military expansion in Africa, both Somalia and Somaliland have offered access to key ports and air bases, highlighting growing competition for strategic influence in the Horn of Africa. Somalia has formally offered to renew a military agreement granting the US access to its ports and airports, reinforcing its…
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De Beers, Africa’s largest diamond miner, posted a sharply wider $511 million loss in 2025 as weak Chinese demand, U.S. tariff pressures and softer global prices weighed on its worldwide operations, including key mines in Botswana, Namibia and South Africa. De Beers reported a significantly larger loss in 2025, with an underlying EBITDA loss of…
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