Nigeria’s leading financial institution, Zenith Bank Plc, has officially entered the East African market after completing the full acquisition of Kenya-based Paramount Bank Limited. The landmark move signals a major push in the bank’s pan-African expansion strategy and strengthens its…
Global oil markets tumbled sharply after a breakthrough ceasefire agreement between the United States and Iran signaled a reopening of the critical Strait of Hormuz shipping route. Investors quickly reacted as fears over supply disruptions eased, triggering a broad rally…
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…
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…
Cape Town International Airport has once again secured its position as the best airport in Africa, extending its winning streak to an impressive eleven consecutive years. The recognition came at the prestigious Skytrax World Airport Awards 2026, reinforcing South Africa’s…