KCB Group earnings grow on Kenya and South Sudan expansion
KCB Group reported an 11 percent rise in 2025 pre tax profit, driven by stronger lending income and contributions from Kenya and South Sudan operations amid economic uncertainty.
Global markets tumble as Middle East war fuels oil spike
Global stock markets fell as Middle East conflict raised oil prices, stoked inflation fears, strengthened the dollar, and caused sharp losses across Asia and Europe.
South Africa’s debt stabilises for first time in nearly two decades
South Africa’s debt stabilises for the first time in 17 years while the government increases spending on security and plans cautious economic growth.
Zambia allows Mopani mine to resume operations
Zambia’s regulator cleared Mopani Copper Mines to resume underground work after implementing technology and CCTV systems that meet safety regulations for miners.
US pauses $1.6B health deal with Kenya over court case
The United States has paused a 1.6 billion dollar health cooperation framework with Kenya pending a High Court ruling, while continuing support through alternative channels.
Libya grants oil licences to Chevron and BP
Libya awarded oil exploration licences to major foreign companies, but limited bidding reflected ongoing political division and security concerns despite rising production and new investment deals.
Africa’s Jumia expects to break even in late 2026
Jumia narrowed its losses in 2025, plans to break even in late 2026, and aims for full-year profit next year through growth and cost cuts.
Ghana cuts offshore exposure for local fund managers
Ghana’s securities regulator has ordered fund managers to reduce offshore investments, aiming to protect the cedi and support stability as the country exits an economic crisis.
Nigerian court orders UK to compensate families killed in 1949
A Nigerian court has ordered the British government to pay $572 million and issue a formal apology to the families of 21 coal miners killed by colonial security forces in 1949.
NNPC seeks Chinese partner to revive loss making oil refineries
Nigeria’s NNPC is negotiating with a Chinese company to take an equity stake in one of its refineries as part of efforts to revive loss making plants.
Mozambique’s Chapo opens major Chinese graphite plant
President Daniel Chapo inaugurated a 200,000 metric ton graphite processing plant in Nipepe to transition Mozambique from a raw material supplier to a processed mineral exporter.
US and AU launch new drive to boost private investment
The United States and the African Union have agreed to create a strategic working group aimed at boosting private-sector investment and strengthening long-term economic cooperation.
AU warns Fitch risks misleading investors over Afreximbank
The African Union’s governance body warned that Fitch Ratings risks misleading investors by continuing to assess Afreximbank after the lender cut ties over concerns about the agency’s analytical approach.
Gold storms past $5,000 as investors rush to safety worldwide
Gold surged above $5,000 an ounce to a record high as investors sought safety amid political uncertainty, dollar weakness, and expectations of further gains.
Libya lifts oil output to a 12 year high as new deals take shape
Libya’s prime minister said oil output hit a 12-year high in 2025 as the country launched new licensing rounds and prepared major oil and gas agreements with foreign companies.
Ghana secures Afreximbank loan deal with Paris Club approval
Ghana secured Paris Club approval for its $750 million Afreximbank loan, potentially exposing the bank to losses and credit rating risks.
Somaliland leader seeks recognition and investment at Davos talks
The president of Somaliland used the World Economic Forum in Davos to seek international recognition and promote investment opportunities, including the strategic port of Berbera.
Chinese lending to Africa falls sharply as Beijing shifts strategy
Chinese lending to Africa fell to $2.1 billion in 2024 as Beijing shifted away from large infrastructure projects toward smaller, commercially focused and yuan-denominated financing.
Botswana can’t raise diamond output due to stockpiles
Botswana’s economy faces constraints as high diamond stockpiles and low global prices limit mining output and government revenue.
New Nyala bank attracts hundreds seeking access to lost services
A newly opened bank branch in Nyala has drawn large crowds, marking the first return of formal banking services to South Darfur since the war forced commercial banks to close.
Senegal raises $254 M in auction as investors chase higher yields
Senegal raised 154 billion CFA francs in a regional debt auction as investors demanded higher yields, reflecting rising borrowing costs and pressure from the country’s heavy debt burden.
Mali’s gold output drops sharply after prolonged Barrick dispute
Mali’s industrial gold production fell nearly 23% in 2025 after a prolonged dispute with Barrick disrupted output despite gains from new and smaller mines.
Malawi signs US deal to fight AIDS/HIV
Malawi has signed a five-year health cooperation agreement with the United States to strengthen its health system and support the fight against HIV, malaria and tuberculosis.
DRC’s Gecamines moves to secure US copper sales
Congo’s state miner Gecamines will buy 100,000 tonnes of copper from the Tenke Fungurume mine this year for export to the United States with Mercuria’s support.
