Endeavour, Two Other Gold Miners Embrace Mali’s New Mining Code
Three gold producers, including London-listed Endeavour Mining, have signed onto Mali’s controversial new mining code, which increases tax obligations and state control in mining assets. The move marks a shift in the country’s tense standoff with miners since the code was introduced in August 2023, slashing gold output by 23%. The companies—Somika SA, Faboula Gold, and […]
Nigeria’s Titans Lead 2025 List of Richest Black Africans
Nigeria continues to dominate Africa’s wealth league, with Aliko Dangote still far ahead at $24.2 billion. Yet the year’s most eye-catching climb belongs to fellow countryman Abdul Samad Rabiu, whose stake in BUA Foods and BUA Cement boosted his fortune by $900 million to $6 billion, just shy of telecoms titan Mike Adenuga’s $6.3 billion. […]
Revolut Bets on Africa, Taps Ex-Uber Exec for Moroccan Launch
Revolut is making a bold play for Africa, appointing an ex-Uber executive to spearhead its Moroccan operations as it seeks full banking licenses in both Morocco and South Africa. While Morocco offers strategic advantages such as its proximity to Europe and robust remittance corridors, Revolut must navigate a strict licensing regime and adapt to local […]
How Nigeria’s Diaspora Became an Economic Lifeline
Nigeria’s diaspora sent a record $20.93 billion home in 2024, four times the nation’s Foreign Direct Investment, cementing their role as key drivers of economic growth. President Tinubu, speaking at the 2025 National Diaspora Day celebrations, called these contributions “indispensable,” praising Nigerians abroad for investing across sectors like healthcare, housing, ICT, and agriculture. The figure increased […]
Africa’s Climate Debt Dilemma: Can Smarter Contracts Bring Relief?
Africa is grappling with a worsening debt crisis intensified by climate change, which damages infrastructure, slashes national revenues, and diverts funds from essential services like health and education. Meanwhile, the continent contributes the least to global greenhouse gas emissions. Traditional debt contracts fail to reflect these realities, but new tools like state-contingent debt instruments could offer […]
Trump Slaps Tariffs on Key West African Nations in Trade Shake-Up
The US has slapped a 15% tariff on imports from West African nations, including Nigeria, Ghana, Côte d’Ivoire, and Cameroon, citing persistent trade imbalances and national security concerns. The move, part of President Donald Trump’s revived ‘America First’ agenda, updates Executive Order 14257 and targets nations that allegedly fail to provide reciprocal market access. Affected exports—like […]
South Africa’s Lamola Rallies Global Support for Palestinian Statehood at UN Summit
South Africa’s Foreign Minister, Ronald Lamola, has called on nations to swiftly recognize Palestinian statehood, asserting that such recognition is vital to restoring faith in the two-state solution. Speaking at a high-level UN conference in New York, Lamola condemned the ongoing humanitarian catastrophe in Gaza, which he called a “brazen act of genocide.” He emphasized that […]
Somalia Sparks Tensions With Creation of New State from Contested Territories
Somalia’s federal government has ignited fresh political tensions by establishing a new “North-East State,” carved from territories claimed by the self-governing regions of Somaliland and Puntland. The interior ministry, which announced the decision, also revealed it is working on the selection of lawmakers as well as the election of a regional leader. Both Somaliland and Puntland swiftly […]
Dangote Cement Expands West African Footprint with New Ivorian Plant
Dangote Cement is gearing up to commission a new 3 million tons per annum (Mta) grinding plant in Côte d’Ivoire by Q3 2025, reinforcing its dominance across Africa. CEO Arvind Pathak highlighted an 18.2% boost in export volumes from Nigeria, with clinker shipments to Ghana and Cameroon underscoring regional trade growth. Strategic investments, including 1,600 new CNG-powered […]
Niger’s Uranium Becomes the New Geopolitical Battleground
Russia is eyeing uranium mining in Niger, a country rich in the resource and now aligned with Moscow following a 2023 military coup. Energy Minister Sergei Tsivilev confirmed Russia’s interest during a recent visit to Niamey, where he met junta leader General Abdourahamane Tiani and signed a deal on civilian nuclear cooperation. Under the agreement, […]
