- Uganda’s financial losses due to anti-gay policies are estimated at $586 million to $2.4 billion per year, affecting tourism, international aid, and trade.
- A strong and stable currency is a valuable economic asset for any country, especially African countries pursuing long-term growth and global competitiveness.
- Ghana’s Finance Minister, Dr Cassiel Ato Forson, has reiterated the government’s determination to eliminate illegal gold smuggling and ensure the nation fully capitalises on its gold wealth.
- Donald Trump ceased disbursements from USAID, one of Africa's main foreign aid funders, on January 20, 2025. Given that the U.S. is one of the largest aid donors in the world, the move begs the question of what is next, particularly for Africa.
- Government debt remains a pressing economic challenge for many African nations, with some countries grappling with alarmingly high debt-to-GDP ratios.
- Nigeria, as Africa’s largest economy, maintains a diverse and dynamic import market driven by its need for essential commodities, industrial materials, and consumer goods.
- Ghana and Morocco have reached a landmark agreement to waive visa requirements for travellers from both countries, a move expected to enhance diplomatic relations and foster economic cooperation.
- East Africa in recent months has been home to several bloody conflicts including the devastating fight between the Democratic Republic of Congo (DRC) and M23 rebels. There is also the Sudanese war and tensions between Ethiopia and Eritrea. Despite this, Burundi’s president has warned of another…
- In recent years, Africa has seen an influx of foreign partnerships from countries looking to gain a strategic advantage on the global stage. Among countries like the US and Russia, India also seems to be on the hunt for Africa’s cooperation.
- U.S. jet fuel imports are on track to reach their highest level in two years this March, driven in part by shipments from Nigeria’s Dangote refinery to North America.
- The latest projections from the International Monetary Fund (IMF) reveal that Africa and Asia will dominate the list of the world's fastest-growing economies in 2025.
- Unlike previous months when diesel prices in Africa were reported to be fluctuating, some African countries in March are benefiting from stable and significantly low diesel prices.
- Cassava Technologies, founded by Zimbabwean telecoms mogul Strive Masiyiwa, has partnered with Nvidia Corp. to establish Africa’s first artificial intelligence (AI) factory.
- A new African country is set to assume the role of mediator in the ongoing Rwanda-Congo peace talks following the decision of the current mediator to step down.
- The global aviation analytics firm Cirium has released its list of the most reliable airlines in the world for 2024, spotlighting top-performing carriers known for punctuality, operational excellence, and customer satisfaction.
- Angola has joined the list of African countries in recent years, which have removed fuel subsidies to bolster economic growth. The country recently decided to eliminate diesel subsidies, causing the price to drop by 50%
- Angola has joined the list of African countries in recent years, which have removed fuel subsidies to bolster economic growth. The country recently decided to eliminate diesel subsidies, causing the price to drop by 50%
- While Nigerians have fewer visa-free travel options compared to European or North American passport holders, they can still visit 45 countries without needing a visa in advance.
- Namibia has achieved a significant milestone by appointing Lucia Witbooi as its vice president, making it the only African nation with both a female president and vice president.
- Given the current situation in Nigeria’s oil market relating to the Naira-for-Crude saga with the Dangote Refinery, oil marketers have begun amassing Premium Motor Spirit, otherwise known as petrol.
- Sierra Leone, however, holds the position of Africa’s least happy country, ranking 146th globally with a low score of 2.998. Malawi follows at 144th with 3.260, while Zimbabwe ranks 143rd with a score of 3.396.
- Germany has temporarily shut down its embassy in Juba, the capital of South Sudan, due to escalating tensions that have pushed the country toward the brink of civil war.
- Nigeria is looking at an influx of imported Premium Motor Spirit, popularly called petrol, following the halt of the Naira-for-Crude initiative. This denotes that local production of petrol, particularly by the Dangote Refinery, could take a hit.
- President Donald Trump has reinstated funds for critical USAID-backed programs in three African nations run by a Christian humanitarian organization.
- On January 20, 2025, US President Donald Trump signed an executive order halting USAID disbursements for 90 days. Speculations around the move suggested that Africa may be the worst hit.
- Despite the stability in the energy market across the globe, including diesel prices, petrol prices in several African countries experienced a slight increase, especially in countries that typically boast the lowest fuel prices.
- San Francisco Bay has once again claimed the top spot as the world’s most vibrant city for startups, according to the latest Startup Ecosystem Rankings released by StartupBlink, a global startup ecosystem research platform.
- Ghana loses an estimated US$3 billion annually to corruption—an amount twice the nation’s yearly foreign direct investment (FDI) inflow of US$1.5 billion.
- China and South Africa partnered together to create the world’s longest quantum communications link, via the University of Science and Technology of China (USTC) and Stellenbosch University in South Africa.
- China and South Africa partnered together to create the world’s longest quantum communications link, via the University of Science and Technology of China (USTC) and Stellenbosch University in South Africa.
- While African nations often appear lower in these rankings, some countries are making notable progress. In the latest report, Mauritius leads as the happiest country in Africa, ranking 78th globally with a score of 5.832.
