Angola has taken another step toward strengthening its upstream oil output and downstream energy security after the N’Dola Sul project officially began production in late December, bringing new barrels and gas into the country’s export and domestic supply chain. The N’Dola Sul offshore project in Angola commenced operations in December, aiming to enhance the country’s…
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Ghana’s currency has recorded its first full-year gain against the U.S. dollar in more than 30 years, buoyed by surging gold prices, rising reserves, and a weakening greenback. Ghana’s cedi has achieved its first annual appreciation in over 30 years, increasing by approximately 41% in 2023. The strength of the cedi is attributed to high…
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Somaliland has strongly rejected claims that it struck a secret military or political deal with Israel in exchange for diplomatic recognition, pushing back against allegations that the self-declared republic had offered Israeli basing rights or agreed to the resettlement of Palestinians on its territory. Somaliland has rebutted claims that it engaged in a covert agreement…
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As 2026 begins, several African countries remain in the global financial spotlight due to elevated debt burdens, macroeconomic fragility, and ongoing negotiations with major international lenders alongside increased scrutiny from the Financial Action Task Force (FATF). The FATF issued a grey list categorizing countries with strategic deficiencies in anti-money laundering and terrorism financing measures. Eight…
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HOF Capital, a fund co-founded by Onsi Sawiris of Egypt’s billionaire Sawiris family, and BlueFive Capital are in talks to acquire Porsche AG’s stake in the company that owns the Bugatti supercar brand. HOF Capital and BlueFive Capital are reportedly negotiating a joint acquisition of Porsche’s share in Bugatti Rimac. Discussions also include acquiring Porsche’s…
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The African economy is powered by large commercial centers. They serve as entry points for trade, investment, and innovation by concentrating resources, talent, infrastructure, and opportunity. Large commercial hubs in Africa are pivotal to the continent’s trade and innovation development. Safety perceptions significantly influence urban economic competitiveness and international reputation. Insecurity leads to increased operational…
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