- The recent aid cuts under President Donald Trump’s administration are beginning to take a toll in Nigeria, where thousands of internally displaced persons (IDPs) are grappling with worsening hunger due to the inability of key United Nations agencies to sustain their support.
- Gold prices fell on Wednesday, weighed down by a stronger US dollar and signs of easing trade tensions, as investors await key US economic data that could shape the Federal Reserve’s next move on interest rates. Spot gold fell 0.4% to $3,302.58/oz by 4:30am GMT, while US gold futures declined 0.7%…
- The United Arab Emirates (UAE) has been implicated in war-related allegations after Bulgarian-made weapons were discovered among ammunition used by Sudanese rebels.
- Somalia has announced a ban on Taiwan-issued passports from entering, exiting or transiting its territory, citing its commitment to the “one China” policy and UN Resolution 2758. The decision, made by the Civil Aviation Authority of Somalia on April 22, will go into effect on April 30. The…
- The African Export-Import Bank (Afreximbank) has launched a $3 billion revolving credit facility to help African and Caribbean buyers more easily access fuel, such as petrol, diesel, and jet fuel, from refineries within the continent.
- Burkina Faso plans to increase its control over foreign-owned industrial mines, as the country looks to capture a larger share of revenue from its natural resources.
- The African Growth and Opportunity Act (AGOA) is at risk due to the protectionist shift. If AGOA is allowed to lapse, it could slowly erode U.S. geopolitical influence in Africa, at a time when China and Russia are deepening their footholds, and Gulf states are emerging as powerful new players.
- While the International Monetary Fund (IMF), can be useful during times of crisis, staying relatively debt-free provides considerable benefits to African countries, including economic autonomy and global legitimacy.
- As the installation of the Starlink business gains momentum in Africa, more markets have expressed interest in the service including Uganda, which highlighted its promising negotiations with the Elon Musk led company.
- Demographic dynamics are an overlooked but crucial factor in the areas of economic power, national security, and international influence. This is especially true for the demographic reaching military age.
- The Warri Refinery in Nigeria has shut down operations, sparking concern over the transparency and effectiveness of its costly rehabilitation, despite hundreds of millions of dollars spent by the federal government.
- A coalition of philanthropies, led by the Gates Foundation, has unveiled a $500 million fund aimed at improving maternal and newborn health in sub-Saharan Africa.
- Five African countries have been selected to join the ambitious Russian-Chinese International Lunar Research Station (ILRS) project, solidifying Africa's participation in the next frontier of space research.
- Belgium has turned to Ugandan President Yoweri Museveni in a bid to ease tensions with Rwanda and help defuse the ongoing conflict in eastern Democratic Republic of Congo.
- Despite growing global uncertainty, a majority of private equity investors are doubling down on South Africa and Kenya as their top investment destinations over the next three years.
- IMD’s Smart Cities Index 2025 offers valuable insights into how cities around the world, including those in Africa, are becoming smarter, more connected and more sustainable. According to the report, African cities achieved mixed results, highlighting notable improvements but persistent urban…
- The foreign ministers of Burkina Faso, Mali, and Niger have supported a Moroccan initiative to provide them with access to Atlantic trade routes. This marks a significant shift in the geopolitical and economic landscape of West Africa.
- The East African Community (EAC), a regional intergovernmental organization of six member states, is grappling with a severe financial crisis as members fail to pay their dues.
- The expiration of President Donald Trump’s 90-day suspension of U.S. humanitarian aid on April 20 raised hopes for the return of crucial funding across Africa and other heavily impacted regions.
- Russia's diplomatic efforts in Africa have reached new heights. Moscow is now strengthening its ties with Somalia, a strategically important country in the Horn of Africa. Mikhail Bogdanov, Russia's Deputy Foreign Minister for the Middle East and African Countries, arrived in Mogadishu on Saturday…
- The importance of a robust and positive GDP growth rate in African countries cannot be stressed enough. It is a key indicator of economic health, suggesting development, increased affluence, and more opportunities for residents.
- Namibia's Agriculture Minister Mac-Albert Hengari has been dismissed after being arrested on charges of raping a 16-year-old girl five years ago. This is the first major political scandal of the new government of President Netumbo Nandi-Ndaitwah.
- Johann Rupert, South Africa's richest man, had a considerable increase in his wealth in April compared to last month, consolidating his status as one of Africa's most influential industrialists.
- On the 25th of April, Bloomberg reported that ‘a large fuel-production unit at Nigeria’s Dangote Oil Refinery’ was undergoing maintenance. However, the Dangote Refinery has come out to dispute this report.
- The World Bank projects that economic activity in Sub-Saharan Africa will climb from 3.3% in 2024 to 3.5% in 2025, and further accelerate to 4.3% by 2026–27.
- The World Bank projects that economic activity in Sub-Saharan Africa will climb from 3.3% in 2024 to 3.5% in 2025, and further accelerate to 4.3% by 2026–27.
- A mining company backed by U.S. billionaires Bill Gates and Jeff Bezos is expanding operations in the Democratic Republic of Congo's rich mineral sector.
- The Malawian government has announced the collapse of its $350 million Transport and Land Compact following the shutdown of the Millennium Challenge Corporation (MCC), a U.S agency funding critical road projects in the country.
- The Federal Bureau of investigation (FBI)'s Operation Artemis has reported over $65 million in financial losses, due to sextortion crimes, with some cases linked to Nigerian nationals.
- Spotify users outside the United States are set to see higher subscription prices, as the streaming giant moves to adjust its rates in several international markets.
- Angola is conducting stress tests to assess the impact of falling oil prices on its government finances, Finance Minister Vera Daves de Sousa said on Friday, noting that the situation increases the likelihood of seeking an IMF loan programme.
- The brutal violence that has plagued the Democratic Republic of Congo (DRC) for months has come to an end after Rwanda and the DRC signed a peace agreement.
- A series of high-level meetings between Saudi Arabia and South Africa over the past year has led to discussions and signed deals valued at billions of dollars in Africa’s most industrialized nation, with even more corporate activity expected.
- There is no denying Russia's expanding ties in Africa, particularly in the areas of trade and military cooperation. However, in the past few months, the spiritual relationship between both parties has been discussed more than once.
- On World Malaria Day, Mali's Ministry of Health, in collaboration with Gavi, the Vaccine Alliance, UNICEF, and the World Health Organization (WHO), launched a historic initiative to protect young children from malaria.
- Meta Platforms has lost its appeal against a $220 million fine imposed by Nigeria’s competition watchdog for breaching local consumer protection, data privacy, and related laws.
- In 2024, global employee engagement dropped from 23% to 21%, marking only the second time in 12 years this has happened. While this data reflects a global pattern, it hits especially close to home in Africa, where workplace stress levels are among the highest in the world.
- Nigeria has begun formal discussions with JPMorgan to re-enter the Government Bond Index for Emerging Markets, nearly a decade after being removed due to concerns over foreign exchange (FX) transparency and market liquidity.
- Congo has experienced a surge in violence following a major offensive by Rwandan-backed M23 rebels in January, which resulted in the capture of the two largest cities in the eastern region.
- When we talk about the strength of a country's economy, one of the first things that comes up is Gross Domestic Product, or GDP. According to the IMF, South Africa is projected to remain Africa’s largest economy in 2025 with a GDP of $410.34 billion.
- According to the MTN Group, a recent cybersecurity breach has resulted in some of its customers' personal information being accessed without authorization.
- As the world's population ages unevenly, there is a striking demographic divide: affluent economies are getting older, while many low-income nations are teeming with youthful energy.
