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, […]

The International Monetary Fund’s executive board approved the sixth and final review of Zambia’s Extended Credit Facility on Tuesday, paving the way for a disbursement of $190 million to the Southern African nation and marking the conclusion of a critical economic stabilization program that helped pull the country back from the brink of financial collapse. […]

Nigeria’s economy is positioning itself for robust expansion in 2026, with growth projections reaching 4.0% according to the Mastercard Economics Institute’s Economic Outlook 2026. This forecast places Africa’s largest economy well ahead of the projected global growth rate of 3.1%, signaling a period of accelerated economic activity driven by a confluence of fiscal reforms, strategic […]

Nigerian President Bola Tinubu has approved targeted, investment-linked incentives to support Shell’s proposed Bonga South West deepwater oil project, following a high-level meeting with Shell’s Global Chief Executive Officer Wael Sawan at the State House in Abuja. The approval marks the latest milestone in Nigeria’s aggressive push to attract foreign investment to its energy sector […]