Afreximbank Appoints Dr. George Elombi as Next President
The shareholders of the African Export-Import Bank (Afreximbank) have appointed Dr. George Elombi as the next President and Chairman of the Board of Directors of the continental financial institution. As [...]
Gold Rush in South Kivu, DRC, Triggers Cholera Outbreak
Until recently, Lomera was a quiet lakeside village, barely known to most residents of South Kivu, DRC. That changed overnight last December when gold was discovered in its hills. “Everything [...]EAC Tables US$ 109.3 Million Budget for FY 2025/2026
The East African Community (EAC) has presented a US$ 109.3 million budget proposal for the 2025/2026 Financial Year to the East African Legislative Assembly (EALA). “the average economic growth rate [...]
AfDB Kickstarts Pioneering Cable Car Project in Kigali
The African Development Bank (AfDB) has approved a grant of $500,000 for a feasibility study into the first phase of a cable car transport network in Kigali, Rwanda, that will [...]Angola Becomes a Shareholder in the Africa Finance Corporation
Angola has become the latest sovereign shareholder in the Africa Finance Corporation (AFC), three years after the Southern African country joined the infrastructure solutions provider as a member. The Corporation [...]Africa's Aviation Sector to Withstand US Travel Restrictions, Demand to Grow 8%-IATA
The newly instituted US visa bans targeting certain African countries are expected to have a limited impact on the continent's aviation industry. “As the industry eyes growth, success will depend [...]Naspers, Africa’s Top Stock, Posts $12.3Bn Profit on Tencent Gains
Naspers, Africa’s largest publicly listed company by market capitalization, has posted Profit After Tax (PAT) of US$12.26 billion—surpassing revenue of US$7.18 billion-for the fiscal year ended 31 March 2025. These [...]
Africa Finance Corporation Secures EUR 250mn Loan From Italian Development Bank
Continental infrastructure solutions provider Africa Finance Corporation (AFC) has secured a EUR 250 million 10-year term loan from Cassa Depositi e Prestiti (CDP), the Italian Financial Institution for Development Cooperation. [...]Ghana’s Credit Rating Rebounds with Gold Windfall and Fiscal Discipline
Ghana has received a significant boost in international investor confidence after Fitch Ratings upgraded the country’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘B-’with a Stable Outlook from ‘Restricted Default’ [...]Mariott, Hilton, Double Down on Africa Investments
Global hotel chains Mariott International, Inc. and Hilton Hotels Resorts have announced aggressive expansion plans that will see the them add over 50 properties and over 100 properties respectively [...]China Will Open the Tariff Gates, But Can Africa Leverage This?
China’s pledge to scrap tariffs on all African exports flatters the continent with a promise few are equipped to seize. Middle low-income nations in the continent (like Kenya) may celebrate [...]DSTV Parent Firm Considers Offering SuperSport As Separate Package
MultiChoice is exploring a major overhaul of its DStv channel structure, with a particular focus on divesting its high-demand SuperSport offering from traditional entertainment packages — according to South African [...]
