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…
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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…
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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…
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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.…
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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…
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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…
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