South Africa’s Central Bank Vows to Restore 3% Inflation Target
The International Monetary Fund has approved a new $250 million Extended Credit Facility for Rwanda aimed at helping the country maintain economic growth while protecting development and social spending. The 38-month program comes as Rwanda faces growing external pressures, including risks linked to the conflict in the Middle East. Although Rwanda’s economy expanded by a […]
Mozambique’s LNG Bet Could Transform Country’s Economy
A study by Standard Bank estimates that Mozambique’s Rovuma LNG project could contribute as much as $11 billion annually to the country’s economy, equivalent to roughly 60% of its current gross domestic product. The project, led by ExxonMobil, is expected to create around 151,000 jobs, generate nearly $4 billion in annual tax revenue, and improve […]
Ghana’s E-waste Workers Risk Health to Power Supply Chains
A new study highlights the difficult choices facing thousands of workers at Agbogbloshie, one of the world’s largest e-waste processing sites in Accra, Ghana. Around 6,000 people earn a living dismantling and recycling discarded electronics, often using methods such as open burning and acid extraction that expose them to dangerous levels of pollution. Researchers found […]
Dangote Refinery Targets Major International Debt Raise
Dangote Petroleum Refinery & Petrochemicals is seeking to raise as much as $1 billion through a private debt placement aimed at international investors, according to people familiar with the matter. The fundraising effort follows a $750 million private debt sale by Dangote Fertiliser in April—the group’s first international capital markets transaction. The refinery, currently capable […]
European Investors Continue Funding Africa’s Private Capital Funds
European development finance institutions were the most active investors in African private capital funds during the first quarter of 2026, according to research from Nigerian financial data platform Stears. The finding underscores Africa’s continued reliance on foreign capital to fund private sector growth. The data emerged alongside discussions at the recently concluded African Development Bank […]
Zimbabwe Introduces First Rules for Crypto Businesses
Zimbabwe has introduced its first dedicated regulatory framework for cryptocurrency businesses, requiring firms involved in buying, selling, transferring, or safeguarding digital assets to register annually with the Financial Intelligence Unit. Companies must pay a yearly registration fee of $500, and operating without authorization is now an offense. The move marks a significant shift for a […]
Nigeria Exceeds OPEC Quota as Oil Output Rises
Nigeria’s crude oil production climbed to 1.53 million barrels per day in May 2026, rising 41,000 barrels per day from April and surpassing its OPEC production quota for the first time since mid-2025. The data, sourced from OPEC’s Monthly Oil Market Report, marks meaningful progress for Africa’s largest crude producer, which has battled theft, pipeline […]
Chinese Manufacturers Turn Egypt Into Export Hub
A wave of major Chinese investments is positioning Egypt as a key manufacturing and export platform connecting Africa, Europe, and the Middle East. The latest example is China National Tire and Rubber Corporation’s $550 million expansion in Alexandria, following earlier commitments from Sailun Group and Shandong Linglong Tyre that bring total Chinese tire-sector investments to […]
S&P Returns Afreximbank to Investment Grade Status
S&P Global Ratings has upgraded the African Export-Import Bank (Afreximbank) to investment grade—its first S&P rating in nearly 12 years—assigning a BBB+ rating with a stable outlook. The decision highlights the bank’s countercyclical lending record and robust shareholder backing, with total assets growing from $7.1 billion in 2015 to $42.3 billion by end-2025. The upgrade […]
Nike Tops Africa’s Brand Rankings for Ninth Year
The 2026 Brand Africa 100 rankings show a modest recovery for African brands, which increased their share of the Top 100 most admired brands to 15%, up from 11% in 2025. However, the continent’s 10 most admired brands remain entirely foreign, led by Nike for a ninth consecutive year, followed by Adidas, Samsung, Apple, and […]
