Nigeria’s crude oil sector has demonstrated resilience and recovery, accounting for 52.60% of the nation’s total exports in the second quarter of 2025, according to the latest National Bureau of Statistics (NBS) report. The ₦11.97 trillion contribution from crude oil exports represents a crucial milestone for Africa’s largest petroleum producer as it navigates complex market […]

A new report from the United Nations University Institute for Natural Resources in Africa (UNU-INRA) confronts one of the most urgent questions of our time: how can Africa navigate the global green transition while safeguarding development, ensuring justice, and protecting sovereignty? The comprehensive study, Counting the Cost: From Extraction to Green Transition – Tackling the […]

South Africa’s digital retail revolution is gaining unstoppable momentum, with online sales projected to exceed 130 billion rand ($7.42 billion) this year, representing a transformative shift that will see e-commerce capture 10% of total retail sales across the nation. This remarkable growth trajectory, revealed in a comprehensive study by World Wide Worx in collaboration with […]

South Africa’s economy demonstrated signs of modest recovery in the second quarter of 2025, with GDP expanding by 0.8 percent after a sluggish 0.1 percent growth in the first quarter, Statistics South Africa (Stats SA) announced on Wednesday. The improvement signals a tentative rebound but remains well below the levels needed to address the country’s […]

Ethiopia has officially inaugurated Africa’s largest hydroelectric dam on Tuesday, marking a transformative moment in the nation’s history while simultaneously deepening a diplomatic rift with downstream neighbors that has unsettled the entire region for over a decade. The Grand Ethiopian Renaissance Dam (GERD), a monumental $5 billion project 14 years in the making, reached its […]

After a decade of accumulating air miles between Entebbe, Nairobi and Beijing, officials in Kampala say the wait is over and a modern rail link between Uganda and the global value chains through Kenya – its main seaport gateway– is taking shape as the country’s standard gauge railway (SGR) nears construction stage. Build the future […]

Local suppliers are pushing for at least 40 percent of the project contracts – with a target of retaining $500 million – from the first phase of Uganda’s flagship standard gauge railway, as construction is expected to begin in April 2026 following the signing of a €2.7 billion contract with Turkish firm Yapı Merkezi. Uganda’s […]

Lesotho’s biggest diamond mine, Letseng, has laid off 240 workers, a fifth of its workforce, as it battles persistently low gem prices due to weak demand and an uncertain global economic environment, parent company Gem Diamonds said on Thursday, highlighting the deepening crisis engulfing the global diamond industry. One decision can change your entire career. […]

South Africa’s credit participation, muted for years after the pandemic, saw its sharpest expansion in Q2 2025 since Covid-19, as improved economic conditions and cautious lending normalization drove a significant upturn in credit market activity. The developments signal both opportunity and risk in the recovering South African economy, with strong demand for credit accompanied by […]

Angola’s planned 30,000-barrel-per-day Cabinda oil refinery, the first to be built since independence a half-century ago, will begin producing fuel by year-end, the Southern African country’s oil and gas minister announced on Monday. This groundbreaking project represents a historic milestone as Angola’s second oil refinery and a crucial step toward reducing the nation’s heavy dependence […]