- Aliko Dangote, Africa's richest man, has once again secured the top spot on Forbes' list of African billionaires, reinforcing his dominance in the continent's business landscape.
- Russian arms sales to African countries have risen significantly beyond those of other major arms suppliers, considering the activities of the Wagner group in Africa.
- While many African countries struggle with high debt burdens to the International Monetary Fund (IMF), some countries have distinguished themselves by managing their debt loads effectively.
- Somalia is ready to grant the United States exclusive access to key air bases and ports, according to a letter from President Hassan Sheikh Mohamud to President Donald Trump.
- Kenya has emerged as the largest importer of second-hand clothes in Africa, earning the unfortunate distinction of being an easy dumping ground for used apparel while struggling to revive its collapsed textile industry.
- The global economy is significantly concentrated, with just three regions—North America, East Asia, and Europe—accounting for approximately 50% of the world's Gross Domestic Product (GDP).
- Tony Elumelu, a renowned Nigerian billionaire and business leader, has been appointed to the International Monetary Fund's (IMF) Advisory Council on Entrepreneurship and Growth.
- Similar to its last update, the report by the Organization of the Petroleum Exporting Countries (OPEC), showed that Nigeria produced the most oil in Africa, for the month of February.
- Ghana’s total public debt declined by GH¢15.8 billion in December 2024, bringing the total debt stock to GH¢726.7 billion, according to the Bank of Ghana’s March 2025 Summary of Financial and Economic Data.
- For many African countries, currency value decline is a recurring problem that reflects underlying economic weaknesses including excessive reliance on imports, high inflation, unstable political environments, and unmanageable debt levels.
- According to data from U.S. Foreign Assistance, in 2024, Rwanda received around $162 million in total U.S. funding, the 23rd highest funds received by an African country.
- MTN Group’s South African unit and U.S.-based low-Earth orbit (LEO) satellite provider Lynk Global announced that they have successfully made Africa’s first phone call via satellite.
- At least six people lost their lives when the "Sindbad" viewing submarine, carrying tourists, sank off the coast of Hurghada, a resort on Egypt's Red Sea.
- Zambia’s economy outperformed expectations last year, surpassing growth forecasts from both the government and the International Monetary Fund (IMF), driven by a sharp rise in fourth-quarter output.
- On January 20, 2025, shortly after his inauguration, Donald Trump halted funding from USAID, a key source of aid for Africa. Considering the United States is one of the world’s largest aid providers, this decision raises critical questions about the future of U.S. support, particularly for some…
- Four African countries are teetering on the brink of default as mounting debt burdens, rising interest rates, and declining revenues strain national budgets.
- After more than two decades of dormancy, the Port Harcourt refinery has successfully completed 180 days of uninterrupted operation, marking a crucial milestone in Nigeria’s push to revive its domestic refining capacity.
- While Russia remains a far smaller economic partner to Africa than Western countries or China, its interests with the continent, as is with other global superpowers are deeply rooted in vital areas such as weaponry, mining, and energy (including nuclear energy).
- Kenya has officially recognized Kosovo as an independent state, marking the first such recognition in nearly five years amid stalled efforts for broader international acceptance.
- For the first time in over a year, Zambia records an inflation decline, presenting the Southern African country with some much-needed economic relief.
- The United States has expressed concern over the escalating political crisis in South Sudan following the arrest of the nation’s First Vice President, Riek Machar.
- South Africa, in partnership with the World Bank, has launched a $3 billion initiative to restore essential services and improve infrastructure in eight of its largest cities.
- The company behind Uganda’s EACOP crude pipeline has secured its first tranche of external financing from a consortium of institutions, including commercial banks and Afreximbank, EACOP Ltd announced on Wednesday.
- Niger’s junta leader, Abdourahamane Tiani, has been sworn in as president for a five-year transition period under a newly established charter, further cementing military rule in the country.
- Sanctions-hit Belarusian flag carrier Belavia is close to acquiring three Airbus A330 aircraft, previously owned by Gambian airline Magic Air, to replenish its struggling fleet.
- Amid ongoing diplomatic tensions between the United States and South Africa, President Donald Trump’s appointment of a new US ambassador has fueled further controversy.
- Norway has joined Germany in temporarily shutting down its embassy in South Sudan due to escalating violence and concerns that the country is on the verge of civil war.
- On Monday, Shola Akinlade, the CEO of one of Nigera’s largest tech firms; Paystack, launched his new product, Zap, a payment system that allows international visitors in Nigeria to make seamless payments with foreign cards. Unfortunately, since then the product has been met with an unexpected…
- Significant debt loads to the International Monetary Fund (IMF) have characterized the financial reality of several African countries in recent decades. IMF debts continue to remain a subject of contention.
- According to recent reports, Prince Harry has decided to step down from ‘Sentebale’ the charity he founded in South Africa in honor of his mother, Diana, Princess of Wales.
- According to the 2025 Edelman Trust Barometer, media trust levels vary significantly across different regions. While some countries exhibit strong confidence in their media institutions, others remain highly sceptical.
- The world's worst humanitarian crises in 2025 reflect a troubling trend of escalating conflicts, economic instability, and climate-induced disasters.
- 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.
