Economy & Business

The Perpetual President Problem A frontal debate has broken out across Africa about why the continent’s leaders struggle to step aside voluntarily, with analysts, civil society groups and ordinary citizens asking whether deeply entrenched political cultures are fundamentally incompatible with the democratic transitions that have defined other regions of the developing world. The timing of […]

Fishermen Injured as Navy Opens Fire Near Beira Mozambique’s navy opened fire on a cluster of small fishing boats near the port city of Beira this week, according to fishermen’s cooperatives and regional maritime monitors, an incident that has stoked already elevated tensions between Mozambican coastal communities and naval forces who appear to be enforcing

A diplomatic row between Conakry and Monrovia has intensified in recent days, with Guinea’s government issuing sharp warnings over what it describes as provocative actions along their shared border, raising fears of a broader destabilisation in West Africa’s beleaguered Mano River region. At the centre of the dispute is a stretch of frontier territory that

Cameroon has uncovered more than 200 illegal artisanal gold mining companies operating across its territory, with more than 95 percent of them owned by foreign nationals, the country’s mines ministry revealed this week. The discovery exposes a vast shadow economy that has drained the nation of gold revenues for years and raises serious questions about

WINDHOEK — Off the coast of Namibia, where the cold waters of the South Atlantic teem with fish and the seabed holds reserves of oil, gas, and rare earth minerals, a quiet revolution is taking place. The Namibia Ocean Cluster — launched in early 2026 with support from the World Economic Forum’s Ocean Action Agenda

# ARTICLE 5: South Sudan’s Economy Faces Breaking Point as Inflation Hits 112 Percent **Slug:** south-sudan-economy-inflation-112-percent-crisis-2026 **Categories:** Africa, Business, Politics **Featured Image:** https://nowinafrica.com/wp-content/uploads/2026/05/art-may14-safrica-xeno.jpg — JUBA — South Sudan’s fragile economy is under severe strain as inflation surged to 112.6 percent in May 2026, according to Trading Economics data, driven by a combination of currency collapse,

# ARTICLE 3: Nigeria’s Homegrown Oil Giants Are Ready to Fill Shell’s Shoes **Slug:** nigeria-indigenous-oil-giants-replace-shell-2026 **Categories:** Africa, Business, Energy **Featured Image:** https://nowinafrica.com/wp-content/uploads/2026/05/art-may14-nigeria-oil.jpg — PORT HARCOURT — Tony Attah, the managing director of Renaissance, Nigeria’s largest indigenous oil company, stood before delegates at the Nigeria International Energy Summit 2026 in Port Harcourt this week and delivered

Nairobi, Kenya — When French President Emmanuel Macron stepped onto the podium at the Kenya International Conference Centre on May 11, 2026, he carried with him the largest bilateral investment commitment any European leader has made to Africa in recent memory. The Africa Forward Summit — co-hosted by Kenya and France over two days —

From Kenya call centers to the African Union AI strategy, the continent stands at a crossroads as artificial intelligence reshapes jobs and raises the stakes for digital sovereignty.

South Africa 298 million dollar luxury catamaran industry is pivoting to Europe as US tariffs create uncertainty. The boat builders of Cape Town are adapting, innovating, and refusing to be defeated.

Ghana’s economic recovery story took a significant step forward on May 8, 2026, when global ratings agency Fitch upgraded the country’s sovereign credit rating to B from B-minus, citing sustained fiscal consolidation, easing inflation, and meaningful progress in restructuring the nation’s debt burden. The upgrade — accompanied by a positive outlook — signals growing international

French President Emmanuel Macron has announced €23 billion in investment commitments for Africa during the Africa Forward summit in Nairobi, positioning France as a willing partner for the continent’s energy transition, digital development, and agricultural modernisation — and directly challenging China’s model of engagement. The two-day summit, co-hosted by Kenya and France, brought together dozens