Nigeria Issues $347 Million in Bonds to Clear Power Sector Debt
Nigeria issued ₦501 billion ($347 million) in bonds to begin settling more than a decade of debt owed to electricity...
Finance
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Equatorial Guinea Moves Capital from Malabo to Ciudad de la Paz
Equatorial Guinea has officially moved its capital from the island city of Malabo to Ciudad de la Paz, or City...
Diana Orembe Wins Africa’s Business Heroes 2025 Top Prize
Diana Orembe, co-founder of Tanzania-based biotech startup NovFeed, has won the 7th edition of the Africa’s Business Heroes (ABH) Prize...
4 African Countries Removed from Global Illicit Finance Watchlist
Four African countries, namely Nigeria, South Africa, Mozambique and Burkina Faso, have been removed from the Financial Action Task Force...
Angola Secures $124M for Youth Jobs and Entrepreneurship Boost
The Government of Angola, in partnership with the African Development Bank and the European Union, has launched the $124 million...
AU: Africa Loses $88 Billion Annually to Illicit Flows
Africa is losing an estimated $88 billion every year due to illicit financial flows, according to a new report by...
‘Africa Is Watching. The Youth Are Waiting. It Is Time for Action’
“Africa is watching. The youth are waiting. It is time for action,” declared Dr. Sidi Ould Tah on Monday as...
Ethiopia, Dangote Group Sign $2.5B Fertilizer Complex Deal
Ethiopia has signed a $2.5 billion shareholder investment agreement with Nigeria’s Dangote Group to build a massive fertilizer production complex,...
Nigeria Launches $500 Million Climate Finance Platform
ABUJA - Nigeria has launched a new initiative to attract $500 million in climate funding to support clean energy, infrastructure...
Afreximbank Launches $3 Billion Program to Boost Intra-African Oil Trade
CAIRO - The African Export-Import Bank (Afreximbank) announced Monday it is providing $3 billion in financing to help African countries...
‘Two Days Without a Penny’: Ethiopia’s Fuel Crisis Through the Eyes of Drivers
Ethiopia faces a sharp fuel shortage, and transport workers across the capital report losing days of income in long queues....
South Africa’s Kusile Power Station Reaches Full Capacity, Ending Years of Setbacks
South Africa’s Eskom Kusile Power Station is now operating at full commercial capacity, marking a generational shift in the country’s...
Young Ethiopian Founders Turn Ideas Into Real Solutions
At the beginning, all they had was an idea and the uneasy sense that they did not yet know what...
Côte d’Ivoire Pushes for More Inclusive, Efficient African Financial System
Côte d’Ivoire Prime Minister Robert Beugré Mambé called for reforms to make Africa’s financial system more inclusive and efficient as...