Sudan pound hits 7,000 as banking system falters

Sudan’s pound hit a record low as banking outages paralysed payments and sent basic prices soaring

Ghana receives $35 million dividend from Perseus Mining Ghana

Finance Minister Cassiel Ato Forson credited stronger company profits for the sharp rise in Ghana’s mining dividend income.

Chinese carmakers jump to 40% of South African vehicle finance

Brands like Chery, BAIC, Changan and Dongfeng are winning South African buyers with cheaper, well equipped electric and hybrid models.

SpaceX to build $100 billion spaceport in US marshland

The Starbase Louisiana facility will become SpaceX’s fourth and largest site, supporting its Starship launch program.

Ethiopia central bank plans special $500 million forex auction

Ethiopia’s central bank will hold a special foreign exchange auction worth $500 million on Thursday for monetary policy purposes.

US launches Freedom 250 drive to boost Nigeria’s farm trade

The US initiative promotes livestock development in Nigeria through technical expertise and expanded agricultural investment opportunities.

Senegal raises fuel prices as global oil shocks strain finances

Senegal raises petrol and diesel prices after costly subsidies strained public finances amid surging global oil markets and Middle East instability.

South Africa court permanently blocks Shell oil exploration project

Highest court ruling hands local communities victory against Shell oil exploration in South Africa.

Chinese automakers build new factories across African nations

Chinese automakers are shifting from exporting cars to establishing local manufacturing plants in Africa to access growing regional demand.

Dangote eyes SA listing for oil refinery after Nigeria IPO

Aliko Dangote seeks regional market participation for his landmark $20 billion petroleum refinery.

Nigeria’s Dangote targets an October listing to raise funds

The planned Dangote refinery listing aims to fund expansion while reducing Africa’s dependence on imported fuel through stronger local production.

Nigeria earns 24 trillion naira from crude oil exports in H1 2026

High global crude oil prices increased export revenues for Nigeria despite local refinery concerns.

Scrapped subsidies fail to cut poverty as Nigerian debt costs surge

Nigeria fails to cut poverty as borrowing costs climb to twenty-four percent during reforms.

US Fed leaves interest rates unchanged despite high inflation

Three officials dissent as the Federal Reserve decides to keep interest rates steady at 3.6 percent.

Tanzania upgrades vital highway to boost regional trade

The Lusahunga to Rusumo road upgrade will drastically slash transit times for local traders.

Sudan’s war collapses economy, forcing companies to close

Sudan’s economy faces deepening crisis as companies close, liquidity disappears and war expands the shadow economy.

China’s new Kimi K3 AI model surprises Silicon Valley rivals

China’s open source Kimi K3 AI model challenges US titans OpenAI and Anthropic at a lower cost.

Huawei and Ethio telecom boost cloud tech and digital tools

Local software engineers will receive training to build custom digital solutions for East Africa.

Africa’s top diamond firm halts South Africa’s largest mine

Multiple global investor groups are preparing competitive bids to acquire the iconic diamond miner.

Africa’s 10 best-performing anti-corruption nations

Africa’s decade-long battle against institutional corruption shows a tentative recovery driven by private sector transparency.

Tanzanian titan Dewji challenges China in graphite race

Tanzanian billionaire Mohammed Dewji is investing $275 million into graphite mining to supply the electric vehicle market and challenge China.

Zimbabwe receives its first US-made MD-530F helicopter

Low operating costs and agility make the MD-530F aircraft ideal for Zimbabwe conservation.

Angola sells Unitel stake for $320 million in historic IPO

Angola launched a $320M public share sale for 15% of Unitel to boost local financial markets and reduce its reliance on oil.

Africa’s largest refinery explains why petrol prices remain high

Refinery said fuel prices reflect earlier crude purchases and cheaper imports may gradually reduce domestic petrol prices in coming months.

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