The Government of Ghana has cleared a staggering $1.47 billion in legacy energy sector debts during 2025, representing the most decisive financial intervention in the West African nation’s power sector in nearly a decade and marking a critical turning point for an industry that had been pushed to the brink of collapse by years of […]

Kenya and Ethiopia are poised to serve as the primary engines of Africa’s economic expansion in 2026, driving East Africa to a projected 5.8% growth rate—the highest among all African sub-regions—according to the United Nations’ World Economic Situation and Prospects 2026 report. This performance comes amid a complex landscape of improving macroeconomic stability in several […]

Zimbabwe’s tourism sector, still basking in the glow of being named the world’s best country to visit in 2025 by Forbes magazine, now faces a critical challenge that industry operators warn could undermine years of recovery efforts and damage the nation’s hard-earned reputation among international travelers. The introduction of a 15.5% value-added tax on tourism […]

The United States has significantly expanded its controversial visa bond program, adding Uganda, Nigeria, and 23 other nations to a list that now encompasses 38 countries whose citizens must post security deposits ranging from $5,000 to $15,000 when applying for business or tourist visas. The expansion, announced by the US State Department on Tuesday and […]

South African motorists and businesses welcomed the new year with significant relief at fuel pumps as the Department of Mineral Resources and Petroleum announced substantial price decreases effective January 7, 2026. The reductions, among the largest in recent years, stem from a favorable convergence of factors: a strengthening rand that rallied approximately 13% against the […]

Nigeria has reaffirmed its commitment to strengthening its strategic bilateral trade and economic partnership with the People’s Republic of China, reflecting positively on the significant progress recorded in relations between both countries throughout 2025. The reaffirmation comes as data reveals that bilateral trade between the two nations has reached unprecedented levels, cementing China’s position as […]

Algeria has achieved a transformative infrastructure milestone with the completion of track installation on the Western Mining Railway, Africa’s first heavy-haul desert railway specifically designed to unlock the vast mineral wealth buried beneath the Sahara. The 575-kilometer line, jointly constructed by China Railway Construction Corporation (CRCC) and Algerian state-owned partners, represents the largest single infrastructure […]

The United States International Development Finance Corporation has finalized a $553 million loan with the Lobito Atlantic Railway consortium for the refurbishment of Angola’s strategic rail line, marking a watershed moment in Washington’s efforts to secure access to critical minerals while countering China’s deepening economic presence across Africa. The loan agreement, signed at a ceremony […]

Mastercard has grown its acceptance network across Africa by 45 percent in 2025 – a major milestone that brings millions more consumers and small businesses into the continent’s fast-expanding digital economy. This accelerated progress underscores the strong advancement of digital payments, technology, and innovation in Africa—a transformation that traditionally would have taken several years to […]

Nigeria’s National Bureau of Statistics (NBS) has announced that the country’s headline inflation rate eased in November 2025 to 14.45 percent, marking a significant milestone in the government’s economic management strategy and representing the mildest inflation reading since October 2020 while falling below President Bola Tinubu’s ambitious target of reducing inflation to 15 percent by […]