South Africa’s banking giant, FirstRand, is preparing to exit the United Kingdom after taking a massive financial hit linked to motor finance compensation claims. The group is reassessing its position in the UK market as provisions tied to the issue…
Nigeria’s agricultural sector pulled in $167.25 million in capital inflows in 2025, reinforcing its growing relevance in the country’s diversification strategy beyond oil. Fresh data released by the National Bureau of Statistics (NBS) highlights a steady, though uneven, investment pattern…
Zimbabwe is heading into a fresh political storm as proposed constitutional reforms threaten to scrap presidential elections, deepening divisions between the ruling Zanu-PF party and opposition groups. The controversial move has triggered fears of democratic erosion, with critics warning that…
Kholo Capital and Tensai Private Equity have injected R275 million in mezzanine debt to power a landmark management buyout of Isambane Mining, signaling renewed investor confidence in South Africa’s mining services sector. The deal gives Isambane’s leadership team full ownership…
Global music icon Kanye West, also known as Ye, has been blocked from entering the United Kingdom, forcing the sudden cancellation of the highly anticipated Wireless Festival. Authorities in the UK withdrew Ye’s electronic travel authorization (ETA), according to organizers…
Afreximbank has approved a $10 billion Gulf Crisis Response Programme to shield African and CARICOM economies from escalating shocks linked to the ongoing Middle East conflict. The bank moved quickly after its Board of Directors signed off on the intervention…
South Africa’s passenger rail system is showing early signs of recovery as the Passenger Rail Agency of South Africa increases monthly trips to around 10 million. This marks a strong rebound from near-zero operational levels five years ago. However, the…
Kenya has blocked a second fuel shipment at the port of Mombasa as authorities intensify investigations into a widening oil import scandal that has unsettled the country’s energy sector. The decision followed fresh findings tied to irregularities in a government-to-government…
Morocco has taken a major step in strengthening its agri-food sector with the launch of a new milk production facility in Morocco. The government inaugurated the $10.8 million project in Kenitra, marking a fresh push toward industrial growth and food…
Ethiopia’s grain market is facing renewed pressure as prices surged sharply between February 2025 and February 2026, with wheat leading the increase and imports remaining crucial to stabilise supply. According to the Foreign Agricultural Service of the U.S. Department of…