NEWS

Africa’s 5 most militarised economies spent over $33 billion on defence in 2025—here’s what they have in common

PerformanceBy Editor7th June 2026Leave a comment

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…

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2 North African military powers spend $31.7 billion into an escalating arms race backed by the US and Russia

PerformanceBy Editor7th June 2026Leave a comment

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…

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88% of Africa’s workforce remains informal as governments struggle to collect taxes

PerformanceBy Editor5th June 2026Leave a comment

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…

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Millions of Nigerians are working, but Moody’s says many earn nine times less outside formal jobs

PerformanceBy Editor5th June 2026Leave a comment

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…

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After Trump’s 30% tariff, South Africa mounts defence against fresh U.S. trade penalties

PerformanceBy Editor5th June 2026Leave a comment

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…

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South Africa reopens market to Kenya’s $1.7 billion tea industry after trade dispute

PerformanceBy Editor5th June 2026Leave a comment

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…

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