Chinese industrial expansion into Africa’s cement sector is gathering pace, with West China Cement moving to acquire South Africa’s major cement producer, AfriSam, in a proposed deal that signals deepening Chinese interest in the continent’s infrastructure value chain. Details of…
Captain Ibrahim Traoré, the leader of Burkina Faso, has been appointed President of the Confederation of Sahel States (AES), marking a new phase in the leadership of the regional bloc comprising Mali, Niger and Burkina Faso. The appointment was announced…
The African Export-Import Bank (Afreximbank) has deepened its support for Nigeria’s energy sector with a landmark US$750 million financing facility for Heirs Energies Limited, a move set to significantly boost the country’s domestic oil and gas capacity amid rising energy…
Ethiopia and India have taken a major step toward strengthening bilateral relations, as Prime Minister Abiy Ahmed welcomed Indian Prime Minister Narendra Modi to the National Palace for a high-level diplomatic visit that signals renewed cooperation across critical sectors. The…
The African Development Fund (ADF), the concessional financing arm of the African Development Bank Group, has secured a landmark $11 billion for its 17th replenishment cycle (ADF-17), marking the largest mobilisation in the Fund’s history and signalling a bold shift…
Africa’s richest industrialist, Aliko Dangote, has urged Nigeria’s business community to prioritize long-term investments that ignite industrial expansion and job creation over luxury spending. In an interview with Premium Times, Dangote expressed concern over the growing number of private jets owned…
A new report by Boston Consulting Group warns that Africa is at a critical juncture in global trade as geopolitical shifts, tariff changes, and aid reductions reshape markets and expose vulnerabilities across the continent. The report, released in December 2025…
The Government of Angola has formally launched an international public tender for the concession of the Namibe Corridor, a major transport and logistics infrastructure aimed at boosting regional connectivity, trade and economic growth. The Ministry of Transport announced that the…
The military-led governments of Mali, Burkina Faso, and Niger have launched a regional investment bank capitalized at 500 billion CFA francs ($895 million) to finance infrastructure, energy, and agricultural projects across the three Sahelian nations. The bank will pool resources…
The Bank of Ghana says it has begun a strategic rebalancing of its foreign reserves, including a measured divestment of part of its gold holdings as it restructures its long-term reserve portfolio. The adjustment forms part of the Bank’s broader…