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Tag: Africa

Opinion

IMF warns of rising fiscal deficits in Africa despite oil gains

Sub-Saharan Africa’s fiscal position is expected to weaken in 2026, even as improved commodity prices offer some relief to external balances across parts of the region. According to Nairametrics, this was contained in the International Monetary Fund’s April 2026 Regional Economic Outlook titled “Hard-Won Gains Under Pressure.” The Fund projects that the median fiscal deficit […]

Opinion

Foreign interests hindering Africa’s refineries, Dangote warns

Africa’s richest man and President of Dangote Group, Aliko Dangote, has said that entrenched foreign interests are undermining Africa’s industrial development and slowing the continent’s push toward economic self-sufficiency. Dangote made the remarks while speaking at the Investing in Africa Forum, held on the sidelines of the ongoing IMF/World Bank 2026 Spring Meetings in Washington […]

Oil and Gas

Dangote plans historic Pan-African IPO for oil refinery

President of Dangote Industries Limited, Aliko Dangote, is planning a landmark cross-border public offering of his $20bn oil refinery in a move that could reshape capital markets across Africa and deepen regional investor participation, a new report by Bloomberg revealed on Monday. The proposed listing, which will see shares of the Dangote Petroleum Refinery and […]

Finance

Intra-African trade to hit $230bn by 2026 — Afreximbank

Intra-African trade is on track to reach $230 billion by 2026, driven by the accelerated implementation of the African Continental Free Trade Area, with overall continental trade projected to grow 10 per cent this year, according to a new report by the Afreximbank. The report, titled ‘African Trade and Economic Outlook 2026,’ explained that despite […]

Food

Dangote fertiliser key to solving Africa food insecurity – UN

The Deputy Secretary-General of the United Nations Amina Mohammed has lauded the pivotal role of Dangote Industries Limited particularly Dangote Fertiliser Limited in addressing Africa’s growing food security challenges. She made this known while speaking during a visit to the company’s industrial complex in Ibeju-Lekki Lagos. She emphasized the need for stronger global partnerships to […]

featured Housing

Lagos rents hit fourth highest across African cities

Nigeria, Africa’s largest economy, Lagos State, has been ranked among the most expensive rental markets on the continent, as house rents in the country’s major cities rise almost monthly. According to BusinessDay, a new report, which looked at ‘Average Rent of 2-bedroom Apartment Across Africa’s Most Important Cities’, places Lagos, Nigeria’s most expensive housing market, […]

Aviation

African airlines record strongest global air cargo surge in February

The International Air Transport Association released data for February 2026 global air cargo markets showing African airlines saw a 21.0 per cent year-on-year increase in demand for air cargo in February, the strongest rise of all regions. Capacity increased by 17.3 per cent year-on-year. Globally, total demand, measured in cargo tonne-kilometres, rose by 11.2 per […]

Opinion

Edun urges Africa to halt $88bn annual illicit financial flows

The Federal Government has called for urgent action to tackle Illicit Financial Flows across Africa, which drain the continent of $88 billion annually. Minister of Finance and Coordinating Minister of the Economy, Mr. Olawale Edun, made the call while speaking at the opening of the 5th Sub-Committee on Tax and IFFs of the African Union’s […]

featured Life Style

Nigeria missing as Namibia tops Africa’s 2026 quality of life ranking

In the 2026 Numbeo Quality of Life Index, Namibia has emerged as the top-ranked African country for overall livability, while Nigeria is notably absent from the list of the continent’s best performers. As Africa continues to evolve, quality of life assessments now go far beyond income, incorporating critical factors such as safety, healthcare, climate comfort, […]

Aviation

IATA forecasts boom in African air passenger demand

The International Air Transport Association released its Long Term Demand Projections for air travel, showing that global air passenger demand is expected to more than double by 2050 and intra-Africa air travel would lead global growth through the period. The pace of growth will be uneven across regions, reflecting differences in demographics, market maturity, economic […]

Opinion

CBN gov urges stronger African cooperation on cross-border risks

The Governor of the Central Bank of Nigeria, Mr Olayemi Cardoso, has urged African financial regulators to strengthen cooperation in managing cross-border risks. Cardoso also restated the CBN’s commitment to entrenching robust corporate governance in Nigeria’s financial system. He spoke at the 4th Annual IMF/AFRITAC West 2 High-Level Executive Forum for Financial Sector Regulation and […]

featured Opinion

Nigeria, Africa will pay heavy price if Iran war continues – Dangote

Foremost industrialist, Alhaji Aliko Dangote, has warned that Middle-East tensions driving global oil volatility could have far-reaching consequences for Nigeria and African economies. Dangote spoke on Monday in Lagos after a courtesy visit and Eid-el-Fitr homage to President Bola Tinubu. He said the visit was to extend Sallah greetings, reconnect with the president after some […]

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