Economy & Business

The Lobito Corridor, a ambitious railway and infrastructure project linking Angola, the Democratic Republic of Congo, and Zambia, is entering a critical phase as international backers demand results in the global competition for Africa’s critical minerals. The corridor, which aims to transport vast quantities of copper and cobalt from the mineral-rich regions of southern DRC […]

\n More than 320 million tapentadol pills have been shipped from India to West Africa since 2020 \u2014 a volume that represents one of the largest documented flows of unapproved opioid medications into any region of the world. The trade has grown at an extraordinary rate, from 7 million worth of shipments between 2020 and

The Lobito Corridor linking DRC and Zambian copper belts to Angola s Atlantic coast is at the centre of a geopolitical race between the US, EU, China and Russia for control of Africa s critical minerals.

A flagship infrastructure project designed to reshape how Africa exports its critical minerals to global markets is facing its most demanding test yet, as backers scramble to prove the corridor can deliver on its ambitious promises before political patience runs out. The Lobito Corridor — a 1,300-kilometer rail and logistics network linking copper-and-cobalt-rich provinces of

Rwanda’s President Paul Kagame wrapped up a state visit to Botswana this week with a tour of the Diamond Trading Company Botswana in Gaborone, a joint venture with global mining giant De Beers that stands at the heart of Botswana’s economy — and increasingly, its diplomatic strategy. The visit, which followed the signing of six

Egypt’s annual inflation rate slowed to 14.9% in April, but analysts warn the improvement masks persistent structural vulnerabilities.

Egypt’s annual urban consumer inflation rate slowed unexpectedly to 14.9 percent in April 2026, down from 15.2 percent in March, according to figures released by CAPMAS on May 6. The reading came in below even the most pessimistic analyst forecast — a Reuters poll had predicted a rise to 15.9 percent. Month-on-month, prices rose by

Egypt’s annual urban consumer inflation rate slowed unexpectedly to 14.9 percent in April 2026, down from 15.2 percent in March, according to figures released by CAPMAS on May 6. The reading came in below even the most pessimistic analyst forecast — a Reuters poll of 14 economists had predicted a rise to 15.9 percent. Month-on-month,

KoBold Metals, the Silicon Valley-backed mining company supported by billionaires including Bill Gates and Sam Altman, has officially broken ground on the Mingomba copper mine in Zambia — a $2.3 billion project that will become the largest copper mine in the country’s history. The groundbreaking ceremony, held in early May 2026 near Zambia’s border with