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Markets Cheer as South Africa Wraps G20 with Communique

Markets Cheer as South Africa Wraps G20 with Communique

South Africa’s markets rallied on Friday after Pretoria successfully hosted a G20 finance meeting, concluding with the first joint communique since October 2024. South Africa’s theme for its G20 presidency is “Solidarity, Equality, Sustainability.” During its term, the country intends to shine a spotlight on African issues, such as climate finance and the high cost of […]

Adidas Targets Nigeria’s Affluent Class in Expansion Push

Adidas Targets Nigeria’s Affluent Class in Expansion Push

Adidas is doubling down on Nigeria, launching its largest West African store in Lagos to serve the country’s elite consumers. While inflation and naira devaluation have hurt everyday shoppers, affluent Nigerians—often paid in dollars or working in key sectors—continue to spend big. This niche group, though small, is large by African standards and increasingly attracts luxury brands. […]

Dangote Plans Deep Seaport to Supercharge Nigeria’s Export Economy

Dangote Plans Deep Seaport to Supercharge Nigeria’s Export Economy

Aliko Dangote has filed plans to build a deep seaport in Olokola, Ogun State—about 100 km from his refinery and fertilizer complex in Lagos. The port aims to streamline the export of products, such as urea, other fertilizers, and liquefied natural gas. When operational, the seaport will compete with facilities in Lagos, including the recently launched […]

Türkiye, Libya Sign Key Agreements in Mining, Energy, and Infrastructure

Türkiye, Libya Sign Key Agreements in Mining, Energy, and Infrastructure

Türkiye and Libya have inked a major agreement to deepen cooperation in mining, energy, and infrastructure. The deal, signed by Türkiye’s Foreign Economic Relations Board, Libya’s Emaar Holding, and several other bodies, aims to boost bilateral trade across all three sectors, especially in Libya’s resource-rich eastern and southern regions. Under the agreement’s terms, Turkish firms will fund […]

Yuan Gains Ground as China Pushes Currency Diplomacy Across Africa

Yuan Gains Ground as China Pushes Currency Diplomacy Across Africa

China is accelerating its efforts to internationalize the yuan, with Africa emerging as a strategic launchpad. Recent agreements between the central banks of China and Egypt mark a significant step, enabling yuan-based trade, expanding China’s UnionPay system in Egypt, and integrating China’s SWIFT alternative, the Cross-Border Interbank Payment System (CIPS), into Egypt’s payment system. Egypt now […]

WTO’s Okonjo-Iweala Urges Tariff Relief and Reform to Save Global Trade

WTO’s Okonjo-Iweala Urges Tariff Relief and Reform to Save Global Trade

At the Finance for Development Conference in Seville, WTO Director-General Ngozi Okonjo-Iweala urged global leaders to exempt Africa and least-developed nations from reciprocal tariffs, warning that current trade policies are deepening financial instability. Okonjo-Iweala proposed revitalizing global trade by bolstering WTO-led cooperation on goods trade, promoting digital and green commerce, increasing regional economic integration across continents, […]

Angola: Police Use Excessive Force Against Peaceful Protesters

Angola: Police Use Excessive Force Against Peaceful Protesters

Ensure Accountability, Adopt Meaningful Security Force Reform Angolan police used excessive force and carried out arbitrary arrests while dispersing peaceful protesters in Luanda, the capital, on July 12, 2025, Human Rights Watch said today. Police unnecessarily fired tear gas and rubber bullets and assaulted protesters, injuring several people. They also detained 17 protesters, some of whom […]

Microplastics And The South African Health Crisis No One’s Talking About

Microplastics And The South African Health Crisis No One’s Talking About

According to a 2023 UNEP report, the world produces 430 million tonnes of plastic annually, and 280 million tonnes of it become waste after just one use. South Africa is facing a growing environmental and public health challenge from microplastics (tiny plastic particles less than 5mm in size) that pervade our water, soil and food […]

UpSkill Universe Launches ‘Skills For Business’ To Empower 10,000 African SMEs, In Collaboration With HP Inc. And Google

UpSkill Universe Launches ‘Skills For Business’ To Empower 10,000 African SMEs, In Collaboration With HP Inc. And Google

UpSkill Universe announced the launch of the Skills for Business programme, a new initiative to help 10,000 small and medium-sized enterprises (SMEs) in Nigeria and South Africa build critical digital and business skills for economic and business growth. Delivered in collaboration with Google, HP Inc and UpSkill Universe, the programme is designed to equip entrepreneurs with practical tools […]

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