Angola has found itself in the news again over its rising financial pressures, as a $200 million margin call from U.S. banking giant JPMorgan Chase & Co. has exposed the …
Africa
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Ghana’s Cedi Strengthens as Nigeria’s Naira Holds Steady; Uganda and Zambia Currencies Show Mixed Trends
The Ghanaian cedi is expected to continue its upward trend in the coming week, buoyed by sustained support from the Bank of Ghana and increased foreign currency inflows. As of …
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MOWCA, AfDB Plan Red Sea Vessel Diversion, Dry Dock Projects to Boost West and Central Africa Maritime Trade
To strengthen maritime trade across Africa and respond to growing global shipping challenges, the Maritime Organisation of West and Central Africa (MOWCA) and the African Development Bank (AfDB) have announced …
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Sahara Group Foundation Unveils ‘MADAA Reloaded’ to Empower African Entrepreneurs with Funding and Support
The Sahara Group Foundation has launched the ‘Making A Difference Around Africa’ (MADAA) Reloaded initiative, aiming to empower African entrepreneurs and innovators who utilize local resources to address societal challenges. …
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Axxela Retains EcoVadis Gold Medal for 2025, Reinforces Leadership in Sustainable Business
Axxela Limited, a leading player in the gas and power sector across sub-Saharan Africa, has once again secured the prestigious Gold Medal in the 2025 EcoVadis Sustainability Rating. The company …
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Afreximbank Launches $1 Billion Africa Film Fund to Boost Creative Industry Across the Continent
The African Export-Import Bank (Afreximbank), through its impact investment subsidiary—the Fund for Export Development in Africa (FEDA)—has officially launched a $1 billion Africa Film Fund aimed at transforming the continent’s …
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Kenya Rules Out New Taxes in 2025/2026 Budget After Deadly Protests
Kenya’s government has said it will not introduce new taxes or increase current ones in the 2025/2026 budget. This announcement comes after last year’s deadly protests forced President William Ruto’s …
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Investors Watch DMO’s ₦550bn Treasury Bills Auction as Market Eyes Interest Rate Direction
Many investors are paying close attention to the Treasury Bills auction being held today, Tuesday, May 7, 2025, as the Debt Management Office (DMO) offers ₦550 billion worth of T-bills …
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U.S.-Africa Business Summit to Hold in Angola as Stakeholders Discuss Economic Growth and Trade Opportunities
The 17th edition of the U.S.-Africa Business Summit will hold in Luanda, the capital of Angola, from June 22 to 25, 2025. The event is expected to bring together top …
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Oil Spill Halts Operations on Okordia-Rumuekpe Pipeline in Rivers State
Renaissance Africa Energy Company Limited has confirmed that it has stopped crude oil transportation through its Okordia-Rumuekpe pipeline in Rivers State after an oil spill was discovered in Ikata community, …