- The government of the Democratic Republic of Congo (DRC) and the Rwanda-backed M23 rebels have agreed to hold direct peace talks, sources from both parties confirmed. ‘
- Nigeria’s president, Bola Tinubu, has made significant changes to the Nigerian National Petroleum Company Limited (NNPC) board with the appointment of Bayo Ojulari as its new CEO.
- In a recent turn of events, the United States president, Donald Trump agreed to the controversial handover of the Chagos Islands to Mauritius by the United Kingdom.
- In a recent turn of events, the United States president, Donald Trump agreed to the controversial handover of the Chagos Islands to Mauritius by the United Kingdom.
- President Bola Tinubu has dismissed the board of the Nigerian National Petroleum Company (NNPC), including its Group Chief Executive Officer, Mele Kyari, and Board Chairman, Pius Akinyelure.
- Uganda has implemented its steepest power price cut in two decades, driven partly by a strengthening currency that has lowered the cost of imported fuel and power plant components.
- An insider source recently revealed that the Naira-for-Crude initiative is likely to resume as meetings between the Dangote Refinery as well as other stake holders in the initiative are set to reconvene.
- Recent data from the Bank of Ghana reveals that the total value of mobile money transactions in Ghana surged to GH₵649.2 billion within the first two months of 2025, marking a substantial 64.7% year-on-year increase.
- The global luxury property market continues to evolve, with prime locations experiencing rapid price growth due to strong investor demand, supply constraints, and economic shifts.
- A Ghanaian recruitment agent, Nana Akwasi Agyemang-Prempeh, has been exposed for allegedly defrauding multiple individuals by selling counterfeit Certificates of Sponsorship (CoS) for non-existent jobs in the United Kingdom.
- The military-led alliance of Sahel states has imposed a 0.5% import duty on goods from ECOWAS nations, marking a significant escalation in the ongoing tensions between the two blocs.
- A UAE-backed company has secured a major contract to build Uganda’s first crude oil refinery, a 60,000-barrel-per-day (BPD) facility, marking a significant milestone in the country’s energy sector.
- Aliko Dangote, Africa's richest man, has once again secured the top spot on Forbes' list of African billionaires, reinforcing his dominance in the continent's business landscape.
- Russian arms sales to African countries have risen significantly beyond those of other major arms suppliers, considering the activities of the Wagner group in Africa.
- While many African countries struggle with high debt burdens to the International Monetary Fund (IMF), some countries have distinguished themselves by managing their debt loads effectively.
- Somalia is ready to grant the United States exclusive access to key air bases and ports, according to a letter from President Hassan Sheikh Mohamud to President Donald Trump.
- Kenya has emerged as the largest importer of second-hand clothes in Africa, earning the unfortunate distinction of being an easy dumping ground for used apparel while struggling to revive its collapsed textile industry.
- The global economy is significantly concentrated, with just three regions—North America, East Asia, and Europe—accounting for approximately 50% of the world's Gross Domestic Product (GDP).
- Tony Elumelu, a renowned Nigerian billionaire and business leader, has been appointed to the International Monetary Fund's (IMF) Advisory Council on Entrepreneurship and Growth.
- Similar to its last update, the report by the Organization of the Petroleum Exporting Countries (OPEC), showed that Nigeria produced the most oil in Africa, for the month of February.
- Ghana’s total public debt declined by GH¢15.8 billion in December 2024, bringing the total debt stock to GH¢726.7 billion, according to the Bank of Ghana’s March 2025 Summary of Financial and Economic Data.
- For many African countries, currency value decline is a recurring problem that reflects underlying economic weaknesses including excessive reliance on imports, high inflation, unstable political environments, and unmanageable debt levels.
- According to data from U.S. Foreign Assistance, in 2024, Rwanda received around $162 million in total U.S. funding, the 23rd highest funds received by an African country.
- MTN Group’s South African unit and U.S.-based low-Earth orbit (LEO) satellite provider Lynk Global announced that they have successfully made Africa’s first phone call via satellite.
- At least six people lost their lives when the "Sindbad" viewing submarine, carrying tourists, sank off the coast of Hurghada, a resort on Egypt's Red Sea.
- Zambia’s economy outperformed expectations last year, surpassing growth forecasts from both the government and the International Monetary Fund (IMF), driven by a sharp rise in fourth-quarter output.
- On January 20, 2025, shortly after his inauguration, Donald Trump halted funding from USAID, a key source of aid for Africa. Considering the United States is one of the world’s largest aid providers, this decision raises critical questions about the future of U.S. support, particularly for some…
- Four African countries are teetering on the brink of default as mounting debt burdens, rising interest rates, and declining revenues strain national budgets.
- After more than two decades of dormancy, the Port Harcourt refinery has successfully completed 180 days of uninterrupted operation, marking a crucial milestone in Nigeria’s push to revive its domestic refining capacity.
- While Russia remains a far smaller economic partner to Africa than Western countries or China, its interests with the continent, as is with other global superpowers are deeply rooted in vital areas such as weaponry, mining, and energy (including nuclear energy).
- Kenya has officially recognized Kosovo as an independent state, marking the first such recognition in nearly five years amid stalled efforts for broader international acceptance.
- For the first time in over a year, Zambia records an inflation decline, presenting the Southern African country with some much-needed economic relief.
- The United States has expressed concern over the escalating political crisis in South Sudan following the arrest of the nation’s First Vice President, Riek Machar.
