President Cyril Ramaphosa has directly intervened in South Africa’s electricity sector reform, announcing that the country will proceed with creating a fully independent state-owned transmission entity separate from power utility Eskom. The announcement, delivered during his State of the Nation Address on February 12, 2026, effectively overrides a December 2025 proposal by Electricity and Energy […]

Nigeria has achieved a landmark diplomatic victory with the African Union Executive Council granting the nation a permanent seat on the Board of the African Central Bank, marking a pivotal moment in the country’s leadership within Africa’s financial and economic integration framework. The decision, announced at the conclusion of the 39th Session of the Executive […]

The Republic of South Africa has officially acceded to the Establishment Agreement of the African Export-Import Bank (Afreximbank), marking a watershed moment in continental economic integration as Africa’s most industrialized economy becomes the institution’s 54th member state. This historic accession, formalized on February 4, 2026, in Johannesburg, brings with it an ambitious $8 billion Country […]

Ethiopia’s central bank has announced sweeping reforms to its foreign exchange regulations, removing a critical barrier that has long constrained foreign direct investment in Africa’s second-most populous nation. The National Bank of Ethiopia (NBE) confirmed on Wednesday that investors can now repatriate dividends abroad without prior approval, marking the latest milestone in the government’s ambitious […]

Nigeria’s foreign exchange reserves have surged to approximately $49 billion as of February 5, 2026, according to Central Bank of Nigeria (CBN) Governor Olayemi Cardoso, marking a dramatic turnaround in the nation’s external position and signaling renewed investor confidence in Africa’s largest economy. The announcement, made at the second edition of the National Economic Council […]

South Africa’s antiretroviral drug supply chain faces unprecedented uncertainty following the business rescue proceedings of two major pharmaceutical suppliers, prompting Cipla Medpro South Africa to mobilize resources and expand manufacturing capacity to prevent treatment disruptions for the nation’s eight million people living with HIV. Build the future you deserve. Get started with our top-tier Online […]

The United Arab Emirates and the Republic of Sierra Leone have formalized a comprehensive economic partnership that positions the Gulf state to expand its commercial footprint in West Africa while providing Sierra Leone with critical investment capital for infrastructure development and economic diversification. The signing of the Comprehensive Economic Partnership Agreement (CEPA) on February 2, […]

The Dangote Petroleum Refinery has made a significant commitment to Nigeria’s energy security by reaffirming its capacity to supply petroleum products far beyond the nation’s current domestic consumption levels. In a public notice issued on January 29, 2026, the refinery announced it can deliver 75 million litres of Premium Motor Spirit (PMS), commonly known as […]

The Economic Community of West African States achieved 4.6% economic growth in 2025, outperforming continental averages despite confronting significant security challenges, the formal withdrawal of three Sahel member states, and persistent global economic uncertainties, according to ECOWAS Commission President Dr. Omar Touray. The resilient performance, announced during a meeting with development partners in Abuja on […]

Tanzania has initiated plans to sell portions of its $1.3 billion gold reserves to finance critical infrastructure projects, marking a strategic pivot toward domestic resource mobilization as international development assistance evaporates and political tensions with Western donors intensify. The decision, announced by Planning and Investment Minister Kitila Mkumbo during a briefing in London on Monday, […]