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…
Details
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…
Details
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…
Details
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…
Details
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,…
Details
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…
Details
