South Africa is preparing for what could become its first interest rate increase in three years as policymakers race to contain inflation triggered by surging global oil prices and growing geopolitical instability in the Middle East. The South African Reserve…
South Africa is positioning itself for a powerful surge in private wealth over the next five years, with new projections showing its billionaire population rising by 40 percent by 2031, even as the country continues to navigate weak growth, infrastructure…
South African opposition leader Julius Malema has sparked fresh conversations across the continent after delivering a deeply emotional apology to Africans over recurring xenophobic violence in South Africa. Speaking passionately about the country’s troubled relationship with fellow African nations, Malema…
Africa may be sitting on one of the world’s most underleveraged economic opportunities. Despite its vast cultural heritage, wildlife reserves, coastlines and historical landmarks, the continent still attracts only 5% of global international tourist arrivals annually. For IFC Regional Vice…
Africa is rapidly strengthening its position in the global economy as 12 of the world’s 20 fastest-growing economies are now on the continent, according to the President of the African Development Bank Group, Sidi Ould Tah. Tah unveiled the figures…
Nigerian push to diversify its economy beyond crude oil is placing renewed attention on the country’s vast gold reserves, with several states emerging as major hubs for exploration and mining activities. Across Nigeria, gold continues to rank among the most…
Nigeria’s electricity sector has suffered another heavy blow after the Federal Government and the World Bank jointly cancelled $717.7 million in undisbursed financing meant to support the country’s struggling power industry. The cancelled funds formed part of the $1.52 billion…
The campaign brings together football greatness, cinematic legacy, and music energy in a way that feels fresh and unapologetically African. Nike designed the collection to celebrate identity and expression. Slawn drove the visual direction with his raw graffiti-inspired style, and…
Moniepoint has unveiled a bold N3 billion investment plan that will reshape how Nigeria develops tech talent. The fintech company will establish innovation hubs across three major federal universities, a move designed to produce about 500 developers every year and…
Ghana is opening its doors wider to Africa at a time when many countries across the world are tightening immigration rules. The West African nation has officially launched a new electronic visa platform while also removing visa fees for African…