- Nova Phoenix and Rume Ophi are the visionaries behind Decentralized Nigeria, a new Web3 event connecting Africa to the global blockchain ecosystem. With ambitions to reshape regulation, access, and innovation in Africa, they want to make Nigeria the hub of Web3, but with even greater reach.
- Nearly half of Africa’s currencies are expected to weaken against the U.S. dollar in 2025, driven by geopolitical tensions and internal economic pressures.
- Roughly 49% of South Africa’s refining capacity remains idle. Over the past five years, South Africa’s refining capacity has been cut in half due to a combination of accidents and underinvestment.
- The United States Mission in Nigeria has issued a security alert to American citizens and expatriates following a suspected bombing near the Mogadishu Barracks in Abuja.
- ECOWAS leaders will meet on Wednesday to mark the 50th anniversary of the organization’s founding, where they are likely to address ongoing security concerns in the region, as well as address the implications of trade tariffs and U.S. aid cuts. The milestone comes at a particularly challenging time…
- In 2024, African countries collectively lost tens of millions of euros in non-refundable application fees due to European Union (EU) visa rejections, indicating a growing financial and mobility burden for African travelers.
- The tone of Nigeria’s debt conversation in less than a month has pivoted from jubilant to concerned, owing to the intent of President Bola Tinubu to borrow more money, despite recently clearing its IMF debts.
- International students hoping to study in the United States are facing new hurdles as President Donald Trump's administration orders a temporary pause on visa appointments.
- Egypt’s economic challenges are seemingly being mitigated per the International Monetary Fund (IMF), as it only needs to widen its tax base to completely recover from one of its worst economic hits in recent history.
- South African President Cyril Ramaphosa says his plan to boost the economy by launching major construction projects has attracted a record 238 billion rand (about $13.3 billion) in investment.
- A high-level Ethiopian delegation led by Chief of the General Staff Field Marshal Birhanu Jula Gelalcha met with senior Russian defense officials led by Deputy Defense Minister Alexander Fomin in Moscow, demonstrating the expanding strategic ties between Russia and Ethiopia.
- Given that the world economy still seems volatile, African countries must begin to understand the importance of strong currencies as vital instruments for long-term economic growth and resilience, as well as symbols of national pride.
- Three African countries - Uganda, South Sudan, and the Central African Republic (CAR) have embarked on a landmark infrastructure initiative with the launch of a 1,800-kilometre regional road project aimed at enhancing trade, connectivity, and economic integration across East and Central Africa.
- Ghana has temporarily closed its embassy in Washington, D.C. and recalled all foreign affairs staff amid an investigation into an alleged visa fraud scandal.
- Africa’s richest man, Aliko Dangote, has announced plans to begin coal exports from Nigeria in the coming weeks, adding another revenue stream to the growing portfolio of Dangote Industries Limited (DIL).
- A $1 billion impact development platform, the Lobito Corridor Impact Development Platform (LCID) focused on the Lobito Corridor in Africa has officially launched, with a $100 million joint commitment from businessman, Haim Taib and Angola’s Sovereign Wealth Fund (FSDEA).
- Africa’s smartphone market continued its upward trajectory in the first quarter of 2025, registering 6% year-on-year growth with 19.4 million units shipped, according to the latest Canalys data. But while the continent as a whole saw its eighth straight quarter of growth, the results varied sharply…
- NATO is more than just a military alliance; it provides an important framework for international cooperation, strategic coordination, and collective defense. While unity is its guiding concept, the balance of power within NATO is unequal.
- In 2025, Nigerian banks are not just leading in finance, they’re dominating the branding space too. For the fourth year in a row, Access Bank holds on tight to the crown as Nigeria’s most valuable brand,
- Kenya's job market offers a complicated mix of developments and persistent challenges. As the country’s economy goes through a recovery phase, structural problems affect workforce stability and employment opportunities.
- Nigeria is set to launch two major lithium processing factories this year marking a shift from raw mineral exports towards adding value domestically.
- Uganda has immediately terminated all military and defense cooperation with Germany, sparking concerns about potential diplomatic repercussions between the East African country and one of Europe's key powers.
- Many of the world’s fastest-growing cities in 2024 were right here in Africa. Though their share of the global economy remains relatively modest for now, the momentum is rising.
- Forty-seven Nigerian medical students who were evacuated from Sudan amid the country's civil conflict in 2023 are reportedly uncertain about their professional futures, as they struggle to meet the documentation requirements for licensing exams in Nigeria.
- Africa's technological landscape is undergoing a remarkable transformation, with several cities emerging as dynamic hubs of innovation, entrepreneurship, and digital advancement.
- The Democratic Republic of Congo (DRC) is aiming to finalize a major minerals agreement with the United States by the end of June, according to senior Congolese officials.
- The European Union (EU) announced an investigation into the prevalence of counterfeit goods entering West Africa and beyond, with findings identifying Nigerian seaports as a major conduit for this illicit trade that infiltrates international markets.
- 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.
- As of early 2025, inflation across Africa is finally slowing down after a turbulent economic period marked by currency depreciation, food price shocks, and monetary tightening.
- In 2025, some African countries are showing major strides in improving their fiscal balance. After years of debt build-up and wide deficits, these improvements suggest tighter government spending, better revenue collection, and in some cases, support from rising commodity prices.
- 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.
- 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.
- 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.
- 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.
- 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.
- The Nigerian National Petroleum Company Limited (NNPC Ltd), in its caretaker capacity, has announced the immediate shutdown of operations at the Port Harcourt Refining Company (PHRC) due to a scheduled maintenance exercise commencing today, May 24, 2025.
- A recent move by the U.S. government to block international students from enrolling in Harvard University’s new online program has drawn strong backlash from African alumni, especially Kenyans, who call the decision “xenophobic,” “myopic,” and a threat to global academic collaboration.
- The European Union is reinforcing its commitment to Africa’s economic development with a €40 million investment aimed at modernizing the Douala N’Djamena trade corridor.
- African applicants lost nearly €60 million ($67.5 million) in non-refundable Schengen visa fees in 2024, according to data from LAGO Collective, a London-based research group tracking global mobility.
- African applicants lost nearly €60 million ($67.5 million) in non-refundable Schengen visa fees in 2024, according to data from the LAGO Collective, a London-based research group tracking global mobility.
- The world’s second biggest airport retail operator, Lagardère Travel Retail (LTR), is expanding its footprint in Africa by entering its seventh country on the continent.
- Ghana could generate up to $12 billion annually from small-scale gold production if output doubles as planned, according to Sammy Gyamfi, CEO of the Ghana Gold Board.
- South Africa is preparing to ease local ownership requirements for Starlink and other foreign satellite service providers, following high-level diplomatic engagements with the United States.
- In 2024, African countries faced significant hurdles in obtaining Schengen visas, with several nations recording some of the highest rejection rates globally.
- As Moscow deepens its economic footprint across Africa, Russian Railways is setting its sights on four key countries poised to become hubs in a new era of transcontinental connectivity.
