Chad has reached a staff-level agreement with the International Monetary Fund (IMF) as it seeks to secure a four-year Extended Credit Facility (ECF) program valued at approximately $630 million. Chad has reached a staff-level agreement with the IMF for a prospective four-year Extended Credit Facility program worth $630 million. If approved by the IMF, the…
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Three African cities have emerged as some of the fastest-growing tech hubs in the world, according to the 2025 Global Tech Ecosystem Index by Dealroom.co, indicating Africa’s expanding footprint in the global tech scene. Africa’s technological landscape is rapidly evolving, highlighting key innovation hubs. Lagos is named the world’s fastest-growing tech ecosystem according to the…
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White South African residents of Noordhoek, Western Cape, including Afrikaners, have strongly rejected U.S. President Donald Trump’s recent claims of a “white genocide” in South Africa. White residents of Noordhoek, Western Cape, have refuted U.S. President Donald Trump’s statements of a ‘white genocide’ in South Africa. Critics view Trump’s remarks as misrepresentative and potentially harmful…
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Niger’s government has initiated steps to reduce the number of Chinese nationals working in its oil sector, signalling a shift towards greater local control over its natural resources. Niger’s government has initiated a reduction in the number of expatriate Chinese employees in its oil sector. The move aims to increase local control and employment in…
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Aliko Dangote, Africa’s richest man, has announced a major agricultural investment in northern Nigeria, in partnership with the state government, to boost rice production and enhance food security. Aliko Dangote, Africa’s wealthiest individual, announces a significant agricultural investment in northern Nigeria. A state-of-the-art rice mill, with a production capacity of 32 metric tons per hour,…
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In the first quarter of 2025, several African countries are still recording some of the highest bank interest rates in the world. These rates are often set by central banks to fight inflation, support their national currencies, and manage rising government debts. Several African countries report high bank interest rates in early 2025, primarily to…
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