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Tag: Africa

Ethiopia secures $3.4bn IMF loan after currency float
Business

Ethiopia to sign historic deal for Africa’s $29tr gas-by-rail project

Ethiopia is set to make history on Monday, December 8, 2025, when it signs a Host Country Collaborative Agreement with Insight Dynamic Resources to formally launch the Gas-by-Rail Economic Corridor Initiative. This signing marks the beginning of one of Africa’s most ambitious industrial and energy transformation projects. The GBR-ECI represents an unprecedented attempt to connect […]

News

S’African exporters shift focus to Africa amid US tariffs

South African agricultural exporters are expecting higher United States tariffs to persist as the diplomatic rift between Pretoria and Washington continues. In response, these exporters are actively seeking alternative markets on the African continent. Danie Dörfling, the head of business development at Moore Infinity, informed Business Times that liberalized trade policies could boost intra-Africa trade […]

Scams

Deepfake fraud surges 967% in Africa — Report

Africa’s digital economy is entering a new and more perilous phase as fraudsters abandon low-effort schemes for advanced, AI-driven tactics, with deepfake-based attacks recording explosive growth across several countries. This signifies an emerging era of high-skill fraud powered by synthetic media and automated deception tools. According to the newly released Sumsub Identity Fraud Report 2025–2026, […]

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Africa unveils groundbreaking HIV prevention shot with 99.9% efficacy

South Africa, Eswatini, and Zambia were scheduled to commence on Monday the administration of a groundbreaking new HIV-prevention injection. This marks the drug’s first public rollouts in Africa, the continent with the world’s highest HIV burden. The drug, named Lenacapavir, is administered only twice a year. It has been scientifically shown to reduce the risk […]

Aviation

African airlines lead global air cargo growth in October

African airlines recorded the strongest growth in air cargo demand globally in October 2025, with volumes rising 16.6 per cent year-on-year. Capacity on the continent also expanded by 20% compared to October 2024, which reflects a significant operational expansion designed to meet the rising demand. This data was sourced from the International Air Transport Association […]

EU to criminalize AI-generated porn images, deepfakes
Energy

EU, S’Africa secure €15.5bn for African renewable energy

A year-long international campaign to fast-track renewable energy investment across Africa has closed with commitments totalling €15.5bn, driven predominantly by the European Union. The initiative, jointly led by the President of the European Commission, Ursula von der Leyen, and the South African President, Cyril Ramaphosa, seeks to expand clean-energy generation, improve electricity access for millions […]

Opinion

S&P rejects bias in African sovereign credit ratings

S&P Global Ratings has rejected renewed allegations that it applies unfair or biased standards to African sovereign credit ratings. The firm insists that all countries are assessed using the same transparent and long-established criteria. S&P’s global head of sovereign ratings, Roberto Sifon-Arevalo, made this assertion in an interview on Thursday, as quoted by Bloomberg. He […]

Economy

NLC slams global powers over Africa’s debt, trade imbalance

The Nigeria Labour Congress has criticised major global economic powers, saying Africa remains weighed down by unsustainable sovereign debts, inequitable trade systems, and long-standing structural disadvantages. The position was expressed as labour unions across the continent marked the 2025 African Industrialisation Day, with the NLC calling for renewed commitment to self-reliance and industrial development. In […]

Food

‘Cassava remains central to Africa’s food security, development’

The Director-General of the Pan-African Organisation for Small and Medium Industries, Dr. Henry Emejuo, says cassava remains central to Africa’s food security and industrial development. As reported by the News Agency of Nigeria on Thursday, Emejuo, who spoke on the sidelines of the just-concluded three-day Africa Cassava Conference in Abuja, described the crop as both […]

Technology

Meta unveils world’s longest undersea cable across Africa

Meta, in collaboration with several prominent global and regional telecommunications companies, has officially activated the core 2Africa subsea cable system. This system is recognized as the world’s longest open-access subsea cable and is the first to establish a continuous loop connecting both East and West Africa. The 2Africa system spans three continents and 33 countries, […]

Special Economic Zones amass $66bn foreign investment - Report
Maritime

Blue economy key to lifting Africa from poverty — NPA boss

The Managing Director of the Nigerian Ports Authority and current President of the Port Management Association of West & Central Africa, Dr. Abubakar Dantsoho, has called upon maritime operators and regulators in the West and Central African sub-region to prioritize the Blue Economy to stimulate job creation and uplift African nations and their people. Speaking […]

Opinion

GDP growth in Africa not equall to decent lives — Osinbajo

Former Vice President Professor Yemi Osinbajo has called for a paradigm shift in Africa’s development strategy, urging governments and institutions to place social justice at the centre of economic growth. Osinbajo made the call at the Ford Foundation Office for West Africa high-level anniversary celebration titled “OWA@65: From Nation Building to Social Justice,” held in […]

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