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World

October 8, 2025

Kenya launches sovereign wealth & infrastructure funds amid debt pressures

Kenya’s government has unveiled plans to establish two new funds—a sovereign wealth fund (SWF) and an infrastructure fund—designed to channel domestic resources into strategic sectors while reducing dependence on debt. President William

World

October 23, 2025

John Heche: Top Chadema Politician Arrested Ahead of Tanzania Election

Who is John Heche? John Heche is a key member of Tanzania’s main opposition party, Chama cha Demokrasia na Maendeleo (CHADEMA). He serves as the Vice-Chairman for Tanzania Mainland and previously represented

Business

January 9, 2026

Botswana Cuts Diamond Output 16% Amid Weak Global Demand

Botswana, the world’s leading diamond producer, will cut its 2025 diamond production by 16%. This significant reduction responds to plummeting global demand and the rising market share of lab-grown alternatives. For a nation

Angola to Offer 60 Oil & Gas Concessions by Year-End

Angola plans to award 60 oil and gas concessions by the end of 2025 to attract new upstream investments and boost production. The National Oil, Gas and Biofuels Agency (ANPG) confirmed that

October 6, 2025

Business

East Africa private sector rebounds: Kenya’s PMI rises in September

Kenya’s private sector expanded in September 2025, as measured by the Stanbic Bank Kenya Purchasing Managers’ Index (PMI). The index climbed to 51.9 from 49.4 in August, signaling renewed growth after months

October 4, 2025

World·Africa

Nigeria boosts oil output and drilling as reforms attract investment

Nigeria increased its crude oil output and drilling activity in 2025 after reforms by President Bola Tinubu attracted strong investor interest. Daily production now ranges between 1.7 million and 1.83 million barrels.

October 4, 2025

World·Africa

Zimbabwe’s economy set to rebound to 6% growth

Zimbabwe’s economy is expected to rebound strongly in 2025, with growth reaching 6 percent, according to the International Monetary Fund (IMF). The rebound is driven by improved agricultural output, high gold prices,

October 4, 2025

Africa·World

South Africa Attracts Investments to Expand Auto Manufacturing

South Africa has secured investment commitments from Chinese and Indian automotive companies to upgrade semi-knocked-down (SKD) assembly plants to complete knocked-down (CKD) operations. The government supports local manufacturers with strategies to retain

October 3, 2025

Autos & Transportation

Egypt Cuts Interest Rates to Drive Economic Growth

Egypt’s central bank reduced overnight interest rates by 100 basis points, marking the fourth cut in 2025. The deposit rate fell from 22% to 21%, while the lending rate dropped from 23%

October 3, 2025

World·Africa

Nigeria’s Oil Sector Experiences Growth Amidst Reforms

Nigeria’s oil sector has gained momentum recently. Daily crude output increased to between 1.7 million and 1.83 million barrels, surpassing previous levels. The number of active drilling rigs jumped from 31 in

October 3, 2025

World·Africa

Cameroon: U.S. Aid Cuts Linked to Rising Malaria Deaths

Cameroon is facing a surge in malaria-related deaths after recent U.S. aid reductions, raising alarm among health officials and international partners. According to local health authorities, the decline in U.S. funding—which previously

October 2, 2025

Healthcare & Pharmaceuticals·Business

South Africa: Ford to Retrain 474 Workers Amid Declining Demand

Ford Motor Company in South Africa has announced plans to retrain 474 workers at its Silverton and Struandale plants. The move comes amid declining demand for the Ranger pickup truck in Europe.

October 2, 2025

Business·Autos & Transportation

South Africa: Julius Malema Found Guilty on Gun Charges

South African opposition leader Julius Malema, head of the Economic Freedom Fighters (EFF), has been found guilty of violating firearm laws. The charges relate to a 2018 incident when Malema was recorded

October 2, 2025

World·Africa

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