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 […]

South African coal miners have dramatically increased thermal coal exports to Israel following Colombia’s total ban on shipments implemented in August 2025, with data revealing an 87 percent surge that positions South Africa as the dominant supplier to the Israeli energy market despite Pretoria’s high-profile genocide case against Tel Aviv at the International Court of […]

The African Growth and Opportunity Act (AGOA), the cornerstone of US economic engagement with Sub-Saharan Africa for over two decades, has entered a critical phase of legislative limbo following its expiration on September 30, 2025. Recognizing the profound significance of the agreement, both the US Congress and African leaders are vigorously pursuing its revival and […]

South Africa’s beleaguered ferrochrome sector received a critical lifeline this week as Eskom signed a memorandum of understanding with the country’s two largest chrome producers—Samancor Chrome and Glencore-Merafe—in a desperate bid to halt a devastating wave of retrenchments and smelter closures that threatens to decimate an industry crushed by 900% electricity tariff increases since 2008. […]

The Central Bank of Nigeria (CBN) has confirmed that only 82 Bureau De Change (BDC) operators currently hold valid licenses to operate in Africa’s most populous nation, marking a dramatic consolidation of the foreign exchange retail sector. The disclosure was made in a statement issued on Monday by the Bank’s Acting Director of Corporate Communications, […]