Illicit gold: UAE took 591 tonnes in 2024, most from Africa
A Swissaid report estimates that 42 per cent of the UAE's 2024 gold imports were smuggled or came from conflict zones, with African producers the main source.
Business
Dangote Tops Nigeria’s 2026 Brand Rankings as Indigenous Firms Outnumber Multinationals
Nigerian-owned companies secure 27 of the country’s top 50 brand positions for the first time, highlighting the growing influence of…
Benin Leads Africa’s Cotton Producers as Agricultural Reforms Boost Output
Benin emerged as Africa's leading cotton producer in the 2019/2020 agricultural season, ahead of Mali, Côte d'Ivoire and Burkina Faso,…
AFIS 2026: AfDB’s Sidi Ould Calls on Africa’s Financial Sector to Respond to Urgent Needs of Continent’s Businesses
“For the continent’s financial strength to translate into economic power, African financial institutions must keep pace with the businesses they…
AfDB to Present ‘Diaspora Initiative’ in Paris to Accelerate Africa’s Development
On 9 November 2026 in Paris, the African Development Bank Group (AfDB) will present its ‘Diaspora Initiative’ at a high-level…
AfDB’s Sovereign Portfolio Tops World Transparency Ranking for 3rd Consecutive Time
AfDB scores 98.8, first among 33 organisations London, 4 November 2026 - The African Development Bank’s sovereign portfolio has been…
US Midterm Elections Put Africa’s Trade, Security and Aid Relations in Focus
Africa is watching the outcome of the US midterm elections closely, as shifts in Congress's balance of power could shape…
Mozambique Wants To Be Southern Africa’s Energy Hub: President Chapo
In an interview in Moscow, Mozambique’s President rDaniel Chapo pitched gas, hydropower and 31 million hectares of unused farmland to…
Afreximbank, APPO Launch $5bn Africa Energy Bank to Close Continent’s Financing Gap
The African Export-Import Bank (Afreximbank) and the African Petroleum Producers’ Organization (APPO) have formally launched the Africa Energy Bank (AEB),…
Egypt, Sudan Sign MoU to Implement Water Resources Development Projects
Agreement covers rehabilitation of war-damaged water facilities, flood protection, rainwater harvesting and solar-powered drinking water stations Egypt and Sudan have…
AfDB and IsDB Discuss Progress on $4bn Co-financing Target for Africa
Jeddah - (Nov. 2) - The Presidents of the African Development Bank Group (AfDB), Dr Sidi Ould Tah, and the…
INTERVIEW: Africa Must Turn IMF Support into Sustainable Growth as External Shocks Deepen, Economist Says
African economies remain vulnerable to external shocks, mounting debt and persistent inflation, making international financing increasingly important but also raising…
African Central Banks Keep Rates High as Inflation & Currency Risks Persist
African central banks are maintaining relatively tight monetary policies to contain inflation, support currencies and attract foreign capital, even as…
