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France and Morocco Announce $10 Billion in Rail and Renewable Energy Investments

King Mohammed VI welcomed French President Emmanuel Macron to Morocco on Monday, the first day of his three-day trip to the North African country. Both leaders kicked off the state visit with the announcement of €10 billion in joint investments across several sectors, including transportation and renewable energy. For one, the investments will fund the […]

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Ghana to Cut Cost by Importing Fuel from Nigeria’s Dangote Refinery

Ghana plans to reduce its reliance on costly European fuel imports by purchasing petroleum products from Nigeria’s Dangote Oil Refinery once it reaches full operational capacity. At the OTL Africa Downstream oil conference in Lagos, Ghana’s National Petroleum Authority Chairman Mustapha Abdul-Hamid highlighted that importing fuel from Nigeria could help Ghana cut down on the […]

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South Africa’s Visa Deal with Ukraine Sparks Political Tensions

A visa-free agreement for Ukrainian diplomats, announced by South African Home Affairs Minister Leon Schreiber, has ignited criticism from political circles. Schreiber, from the Democratic Alliance (DA), announced the deal without formal approval from President Cyril Ramaphosa, resulting in criticism from the presidency. Nevertheless, the minister defended the decision, citing Ukraine’s support during apartheid. Critics […]

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Africa’s Genetic Diversity Could Revolutionize Global Drug Development

Africa’s vast genetic diversity presents a unique opportunity for drug research, yet global science has largely overlooked this potential, says Professor Kelly Chibale of the University of Cape Town. Currently, only 3% of clinical trials are conducted on the continent. Chibale argues for more testing in Africa, stating that it can yield drugs better suited […]

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US Imposes Visa Restrictions on Ghanaians Undermining Democracy

The United States has announced visa restrictions for individuals it deems responsible for undermining Ghana’s democracy, a move aimed at safeguarding the country’s upcoming December 7 elections. According to the US Secretary of State, Antony Blinken, the restrictions would only target individuals who carry out anti-democratic activities and not the Ghanaian government or its people. […]

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South Africa Tenders “Evidence” in Genocide Case Against Israel

South Africa has submitted extensive evidence to the International Court of Justice (ICJ) in its case alleging genocide by Israel in the Gaza Strip, President Cyril Ramaphosa’s office announced on October 28. The document, known as a “memorial,” reportedly includes over 750 pages of text and 4,000 pages of supporting material that detail Israel’s alleged […]

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South Africa’s Red Espresso Beverage Rises as Global Superfood

Red Espresso, a rooibos tea-based beverage from South Africa, is gaining international popularity as a caffeine-free alternative to coffee. Founded by Pete and Monique Ethelston, the brand reimagines rooibos tea into an espresso-style drink rich in antioxidants, drawing on the unique, high-quality shrub grown only in the Western Cape. The Ethelstons’ ethical business model supports […]

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Egypt Renews Calls for Germany to Return Nefertiti Bust

Egyptian archaeologist and former antiquities minister Zahi Hawass has renewed his campaign to repatriate the famous bust of Queen Nefertiti from Berlin’s Neues Museum, with the artifact having been in the city since 1913. Hawass and other proponents argue that the bust of Nefertiti, which is over 3,000 years old, was “brazenly stolen” from Egypt […]

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DR Congo’s Plans for Oil and Gas Auction Unclear

Congolese Coalition, International Partners Call for Permanent Cancellation The government of the Democratic Republic of Congo appears to be rejigging a plan to auction off the rights to drill for oil and gas in 30 blocks across the country. On October 11, Congo’s hydrocarbons minister announced he had cancelled the auction of 27 oil blocks, citing […]

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Natural Capital

SMI Africa Council Launches ‘Natural Capital on Balance Sheets’ Initiative at COP16

The Sustainable Markets Initiative (SMI) Africa Council (SMIAC) has launched the ‘Natural Capital on African Governments’ Balance Sheets’ initiative at COP16 in Colombia. This groundbreaking initiative seeks to align natural capital with national economic frameworks, unlocking investment opportunities and accelerating the African Union’s Nairobi Declaration on Climate Change and Green Growth. This ambitious effort, first […]

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Africa’s Fastest-Growing Fintech, Moniepoint Secures US$110 Million Investment To Scale Digital Payments And Banking Solutions

Series C round led by Development Partners International; other investors include Google’s Africa Investment Fund, Verod Capital and Lightrock Moniepoint Inc. (“the Company” or “Moniepoint”), Africa’s fastest-growing fintech, announces it has successfully raised US$110 million in equity financing, to power the dreams of millions of businesses and their customers across Africa and the diaspora.  Founded […]

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Big 5 Construct Kenya Returns For Its 2024 Showcase Endorsed By The Ministry Of Lands, Public Works, Housing And Urban Development

Kenya’s economy experienced a robust recovery in 2023, with its Gross Domestic Product (GDP) reaching $107.44 billion, reflecting a 14% growth compared to 2022 (Source: World Bank). The construction sector played a vital role, contributing 6.6% to the GDP, driven by a surge in residential, commercial, infrastructure and industrial projects fueled by rapid urbanization. As […]

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