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Economy & Business

US Firm at Centre of Major Congo Minerals Deal Accused of Overstating Mining Experience

A Washington-based firm positioned at the centre of a landmark U.S.-Democratic Republic of Congo strategic minerals partnership has been accused of materially overstating its experience and track record in the Congolese mining sector — raising serious questions about transparency, due diligence, and the integrity of a deal worth hundreds of millions of dollars in critical

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Africa Private Capital Collapse: Startups Left in the Cold as Investors Retreat

The numbers tell a stark story. In 2025, just 16 private equity funds on the African continent managed to raise a combined 2.7 billion dollars — a devastating 34% drop from the previous year, according to the African Private Capital Association. For a continent that has long relied on foreign capital to fuel its entrepreneurial

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Africa Private Capital Collapse: Startups Left in the Cold as Investors Retreat

The numbers tell a stark story. In 2025, just 16 private equity funds on the African continent managed to raise a combined $2.7 billion — a devastating 34% drop from the previous year, according to the African Private Capital Association. For a continent that has long relied on foreign capital to fuel its entrepreneurial rise,

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West Africa’s Diesel Imports Drop in April as Russia’s Dominance Faces New Pressure from US Supply Surge

West Africa’s imports of diesel and gasoil have declined significantly in April 2026, according to new trade data from S&P Global Commodities at Sea, with the total volume recorded so far this month standing at approximately 899,000 metric tons — notably lower than the 1.355 million metric tons imported during March. The drop occurs even

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Madagascar’s Gen Z Activists Face Wave of Arrests, Raising Fears of Return to Authoritarianism

Just months after their celebrated role in toppling the government of former president Andry Rajoelina, young activists in Madagascar who helped orchestrate one of Africa’s most dramatic political transitions are now finding themselves on the wrong side of the law. Four Gen Z activists — Herizo Andriamanantena, Miora Rakotomalala, Dina Randrianarisoa, and Nomena Ratsihorimanana —

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Uganda Central Bank Launches Domestic Gold Purchase Programme to Build Reserves

A pivotal shift in monetary strategy Uganda’s central bank has officially launched its long-anticipated domestic gold purchasing programme, marking a defining moment in the country’s monetary policy and reserve diversification strategy. The Bank of Uganda confirmed on Tuesday that its first gold purchases were made last Friday under a three-year pilot programme designed to gradually

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IMF: Sub-Saharan Africa Posts Fastest Growth in a Decade at 4.5%, but Divides Deepen

Sub-Saharan Africa economy grew by approximately 4.5 percent in recent estimates — the fastest pace in over a decade — according to the International Monetary Fund Regional Economic Outlook for Sub-Saharan Africa, published in April 2026. The figure reflects a broad-based acceleration across country groups, though economists caution that the headline number masks deepening internal

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Nigeria Airlines Ground Operations as Fuel Costs Reach Breaking Point

Lagos, Nigeria — Nigeria’s airline industry is on the brink of collapse. As of today, April 20, 2026, the country’s major carriers have suspended operations, grounding millions of passengers and halting cargo movement across Africa’s largest economy. The decision, communicated in an official letter dated April 14 by the President of the Airline Operators of

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DRC’s Cobalt Gambit: Can the World’s Poorest Nation Move a Market It Cannot Fully Control?

DRC’s Cobalt Gambit: Can the World’s Poorest Nation Move a Market It Cannot Fully Control? The Democratic Republic of Congo sits on roughly 70 percent of the world’s known cobalt reserves — a metal so essential to the lithium-ion batteries that power electric vehicles, smartphones, and the broader green energy transition that the country’s output

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