Nigeria’s commercial capital is feeling the squeeze of a fuel crisis that has reached far beyond its shores. In Lagos, where thousands of small and medium-sized businesses depend on diesel-powered generators to keep their doors open, the recent surge in fuel prices is testing the resilience of entrepreneurs already accustomed to tough operating conditions. A […]
Lagos Businesses Battle Mounting Costs as Fuel Prices Climb Read More »
Mali’s centuries-old bogolan textile, long celebrated as a symbol of cultural identity and craftsmanship, is increasingly being recognized as a foundation for new economic opportunities, particularly for women in the West African nation’s creative industries. What was once a craft passed down through generations is now drawing attention from entrepreneurs, designers, and policymakers seeking to
Mali’s Bogolan Tradition Finds New Life as Economic Engine for Women Artisans Read More »
Zimbabwe’s strategy to expand domestic mineral processing and move further up the value chain is being positioned as a path to greater economic sovereignty and higher revenues. Yet the plan has opened a familiar debate in the country’s mining sector: whether the country’s smaller and artisanal producers will share in the benefits or be pushed
Zimbabwe’s mineral processing drive raises questions for smaller producers Read More »
As African economies push to capture more value from their own raw materials, Ethiopia is emerging as a focal point in efforts to build a fully integrated cotton-to-clothing industry on the continent. The country is positioning itself as a proving ground for an approach that links cotton growers, agricultural researchers and garment manufacturers under a
Artificial intelligence could raise Sub-Saharan Africa’s economic output by roughly four percent over the coming decade, according to a new report from the International Monetary Fund. However, the fund cautioned that the projected gains depend heavily on whether governments across the region can close significant gaps in electricity supply, internet connectivity and digital skills training.
South Africa and the World Bank have formalised a US$1.5 billion Development Policy Loan agreement intended to underpin infrastructure reforms and stimulate inclusive economic growth across the country. The signing, announced by the South African government, marks one of the larger single financing commitments between the two partners in recent years and underscores the international
South Africa and World Bank Sign $1.5 Billion Loan to Back Infrastructure Reforms Read More »
Fourteen West African countries have given formal backing to an ambitious cross-border natural gas pipeline project valued at $25 billion. Stretching roughly 6,000 kilometres along the Atlantic coastline, the network is expected to become one of the largest regional energy infrastructure undertakings on the continent, with construction scheduled to begin in 2028. A continental-scale energy
West African Nations Back $25bn Trans-Regional Gas Pipeline Project Read More »
In the heart of Senegal’s groundnut basin, a textile factory in Kaolack is quietly challenging one of the oldest assumptions in African development: that raw materials must leave the continent before value can be added. The Domitexka mill has built markets, technical capacity and international partnerships. What it has not yet secured, according to observers
Senegal’s Cotton Mill Shows What African Industry Can Do — Now It Needs the Capital Read More »
Gabon’s outstanding public debt expanded by 23% year-on-year to reach 8,780.3 billion FCFA at the end of December 2025, according to figures reported by Daba Finance. The sharp increase reflects a deliberate shift in the country’s borrowing strategy, with the government increasingly turning to regional financial markets rather than relying on traditional external lenders. A
Gabon’s Public Debt Climbs 23% as Government Turns to Regional Markets Read More »
Across Nigerian cities and towns, motorists and traders have been pressing for petrol prices to return to the levels they enjoyed before the latest round of geopolitical turbulence disrupted global energy markets. Despite Nigeria’s status as a major crude oil producer on the African continent, consumers at the pump have continued to feel the squeeze,
Nigerians Want Cheaper Petrol, but Renewed Hormuz Tensions Are Keeping Prices High Read More »
De Beers, one of the world’s leading diamond producers, is suspending operations for two years at a flagship mine in South Africa, putting more than 4,000 jobs on hold amid a sharp downturn in global demand for natural diamonds. The decision, announced by the Anglo American-owned company, reflects mounting pressure on the traditional diamond market,
De Beers to suspend production at flagship South African mine as diamond demand weakens Read More »
Nigeria stands at a defining moment in its economic and environmental trajectory. As governments around the world accelerate plans to decarbonize their economies, Africa’s largest oil producer is grappling with a familiar tension: how to sustain industrial growth, attract investment, and meet rising domestic energy demand, while simultaneously honouring commitments to a cleaner energy future.
Nigeria’s Energy Crossroads: Balancing the Dangote Effect With Climate Commitments Read More »
