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Moody’s Ratings says sub-Saharan Africa’s credit outlook remains stable as growth accelerates, even amid high borrowing costs and weak revenue collection. The agency projects median growth of about 4.7% over 2025 and 2026, up from 3.8% over the past decade, with strong performers like Ethiopia, Senegal, and the DRC set to expand above 6%. Large infrastructure projects, […]

Nigeria is spearheading a new continental effort to unify oil regulations, launching the African Petroleum Regulators Forum (AFRIPERF) to attract investment into the region’s energy sector. Sixteen countries gathered in Accra for the signing, with eight—including Nigeria, Ghana, and Somalia—formally endorsing the charter and others pledging support pending domestic consultations. AFRIPERF will serve as a platform […]

Ghana is channeling up to $1.2 billion into infrastructure this year as part of a broader plan to reset its economy, Deputy Finance Minister Thomas Nyarko Ampem has announced. The investment will target key areas such as transportation, energy, and irrigation, with funding drawn from oil revenues and mineral royalties. However, spending could rise by an […]

South African Trade Minister Parks Tau has held high-level talks with US Trade Representative Jamieson Greer to address new tariffs threatening South Africa’s economy. The talks follow last month’s decision by President Donald Trump to impose a steep 30% tariff on South African imports—the highest in Sub-Saharan Africa. With unemployment above 30% and growth stagnant, the tariffs […]

Brazil is rekindling its strategic partnership with Africa as part of President Lula da Silva’s vision for a multipolar global order. Lula, who emphasizes shared cultural and economic ties between the two regions, aims to strengthen South-South cooperation and move beyond traditional Western-dominated frameworks. Under Lula’s leadership, Brazil is revitalizing trade and diplomatic engagement, with state-controlled energy […]

Africa’s fintech revolution is gaining global recognition, with several homegrown companies making CNBC’s list of the world’s top fintech firms. Nigerian giants Opay and PalmPay lead the charge, serving tens of millions of users and processing billions in transactions, while Interswitch provides the crucial infrastructure that powers digital payments. From South Africa, Yoco enables small businesses […]

Qatar has joined Gulf rivals Saudi Arabia and the UAE in the race for Africa’s critical minerals, unveiling a $100 billion investment drive across ten countries. Led by Sheikh Al Mansour bin Jabor bin Jassim Al Thani, the initiative encompasses mining, infrastructure, agriculture, and energy, with substantial pledges made in nations such as Zambia, Mozambique, and […]

Africa’s AI market is set to reach $16 billion in five years, yet the continent holds just 1% of global AI talent. To bridge this gap, Japan has pledged to help train 30,000 AI professionals across Africa within three years. The initiative, led by the Japan International Cooperation Agency, focuses on building talent pipelines through universities, research […]

Nigeria’s Finance Minister, Wale Edun, has ordered the immediate suspension of the controversial 4% Free on Board (FOB) levy on imports, citing risks to trade facilitation, inflation, and economic competitiveness. The levy, introduced by the Nigeria Customs Service, had drawn strong pushback from manufacturers, importers, and customs agents, who warned it would raise costs and worsen inflationary […]

Indian textile giant Gokaldas Exports is reworking its global strategy as steep US tariffs threaten profitability. The company, which earns about 75% of its sales from the United States and supplies retailers like Walmart and Gap, expects profit margins to shrink sharply from recent highs due to recent US trade policies. To cushion the blow, Gokaldas is […]