The South African Reserve Bank’s Monetary Policy Committee made the strategic decision to hold the policy rate unchanged at 7% on Thursday, marking a pause in the central bank’s easing cycle that began in September 2024. The decision revealed a split within the committee, with four members favoring the status quo while two advocated for […]

Nigeria has achieved a breakthrough in agricultural financing with the Bank of Agriculture and Afreximbank securing a $1 billion fund designed to transform the livelihoods of smallholder farmers who produce over 90% of the country’s food supply, marking the largest agricultural intervention in the nation’s recent history and setting new precedents for continental food security […]

African trade ministers gathered in Cairo on Tuesday for the 17th Ministerial Meeting under Egypt’s presidency of the African Continental Free Trade Area (AfCFTA) Council, as the continent seeks to address persistent challenges that have kept intra-African trade at just 14-15% compared to Europe’s 60-70%. The high-level gathering, chaired by Egyptian Minister of Investment and […]

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 […]