Africa’s Agricultural Future Hinges on Insurance Innovation, Expert Says
Insurance innovation can play a transformative role in driving economic prosperity across Africa by helping banks manage agricultural risks and expand financing to farmers, Nigerian insurance expert Ola Jacob of…
Business
US Approves $5bn Loan to Revive TotalEnergies’ Mozambique LNG Project
The US Export-Import Bank has approved a $5 billion loan to support TotalEnergies’ liquefied natural gas (LNG) project in Mozambique,…
South Africa Commits $54M to Boost Local Electric Vehicle Industry & Attract $1.6B in Private Investment
In a strategic move to solidify its position in the global shift toward cleaner transportation, South Africa has announced it…
Africa’s GDP Growth to Rebound to 3.8% in 2025, UNECA Forecasts
Africa's economic growth is projected to accelerate to 3.8% in 2025 and 4.1% in 2026, according to a United Nations…
IMF Approves $2.5B in New Support for Egypt as Inflation Drops Sharply
The International Monetary Fund (IMF) has approved a $1.2 billion disbursement to Egypt following the successful completion of the fourth…
Russia’s Agricultural Exports to Africa Jump 19% in 2024, Exceed $7 Billion
Russia’s agricultural exports to Africa surged by 19% in 2024, reaching over $7 billion in value, according to Agroexport, a…
Nigeria Signs $200M Deal With WeLight to Expand Renewable Energy Access to Millions
Nigeria has signed a $200 million agreement with pan-African energy firm WeLight to deploy hundreds of renewable mini-grids in underserved…
NNPC in Talks With Dangote Refinery on Renewed Naira-Based Crude Supply Deal
The Nigerian National Petroleum Company Limited (NNPC) has confirmed that it is in active negotiations with the Dangote Refinery to…
US Open to Critical Minerals Partnership with DRC Amid Rising Instability
The US State Department confirmed Sunday that it is open to exploring critical minerals partnerships with the Democratic Republic of…
Ethiopia Launches UAV Manufacturer to Boost Tech Independence & Peaceful Deterrence
Ethiopia’s Prime Minister Abiy Ahmed on Saturday inaugurated Sky Win Aeronautics Industries, a new unmanned aerial vehicle (UAV) manufacturing company…
Botswana Unveils National Strategy to Boost Economic Diversification, Trade Under AfCFTA
Botswana has launched the development of a comprehensive National Implementation Strategy for the African Continental Free Trade Area (AfCFTA), aimed…
Nigeria Launches Africa’s Largest Assembled EV Charging Station
Nigeria on Sunday launched Africa’s largest locally assembled electric vehicle (EV) charging station in Abuja as part of a wider…
IMF Completes Mozambique Visit, Cites Fiscal Slippages, Social Unrest Impact
An International Monetary Fund (IMF) team concluded a visit to Mozambique where it discussed policies underpinning the Fifth and Sixth…
