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JOHANNESBURG, South Africa — African financial markets are showing signs of progress, with 21 of 29 countries recording higher scores in the 2026 Africa Financial Markets Index. However, limited trading activity continues to restrict investment
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KIGALI, Rwanda — Rwanda has secured a 10-year agreement to host a Formula One Grand Prix from the early 2030s, paving the way for the sport’s return to Africa after more than three decades without
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ACCRA, Ghana — Ghana is preparing to formally apply for membership of BRICS after President John Dramani Mahama’s Cabinet approved the move, as Accra seeks to diversify its international economic partnerships and expand opportunities for
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EL ALAMEIN, Egypt — African leaders, financial institutions and business executives have called for greater investment within the continent as governments seek to reduce reliance on external financing and turn Africa’s economic resources into stronger
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ADDIS ABABA, Ethiopia — Africa is preparing to take greater control of how its economies are assessed by global financial markets, with the African Union moving to launch the Africa Credit Rating Agency (AfCRA) in
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DAKAR, Senegal — Senegal and the International Monetary Fund have signalled renewed momentum towards a new financing programme as President Bassirou Diomaye Faye seeks to restore the country's strained public finances and secure a path
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LAGOS, Nigeria — Africa’s biggest oil refinery has opened its doors to public investors, as Aliko Dangote’s $20 billion industrial project begins a new phase that could reshape Nigeria’s capital market and energy industry. The
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NAIROBI, Kenya — Kenya’s crackdown on foreign nationals operating small-scale retail businesses and hawking has triggered a wider debate over jobs, migrant rights, regional trade and the limits of economic protectionism. President William Ruto initially
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NAIROBI, Kenya — President William Ruto has ordered Tata Chemicals to end its operations in Kenya, escalating a dispute over the Indian company’s century-old soda ash business at Lake Magadi in Kajiado County. Ruto announced
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Uber’s withdrawal from Nigeria and Uganda is not merely a corporate announcement. It is a warning about the fragile economics of digital mobility in African cities. The ride-hailing company ceased operations in both countries on
