Elon Musk becomes world’s first $700b billionaire after Tesla pay deal restored
Earlier this week, Musk became the first person to surpass a $600 billion net worth after reports that SpaceX may go public.
21 Dec, 2025
Uganda export earnings nearly double on strong coffee, gold sales
Uganda, which has a variety of minerals, wants to expand its mining industry and position itself as a major gold producer and exporter.
18 Dec, 2025
Uganda’s state-owned oil firm to borrow $2 billion to build oil refinery
Uganda plans to start commercial oil production next year from fields in its west.
17 Dec, 2025
African Development Bank seeks $25 billion for low-cost lending after US withdraws support
The AfDB opened a donor-pledging conference on Monday for its fund that lends money to low-income countries on favourable terms, seeking to offset a retreat in US support that threatens its $25 billion target.
16 Dec, 2025
Russia Seeks $230 Billion in Damages From Euroclear Over Frozen Assets
Morocco to open two deepwater ports in 2026 and 2028, minister says
Vodafone to acquire majority control of Kenya’s Safaricom in $1.6bn deal
Nigeria tightens cash withdrawal limits to curb money-laundering risk
Africa nears record $1 trillion in state-owned assets under management
28 Nov, 2025
Kenyan shilling to slip as African currencies diverge next week
African currencies are expected to show mixed performance against the US dollar in the coming week, with Kenya’s shilling forecast to weaken, while Uganda’s shilling and Zambia’s kwacha are likely to strengthen.
27 Nov, 2025
Construction of Somalia’s new port in Mogadishu to begin next year
Somalia says it intends to deepen cooperation with Türkiye in the maritime sector.
27 Nov, 2025
German woman jailed for bank robbery in DR Congo
Honorine Porsche admitted to initially taking the money but claimed it was later stolen from her by members of the security forces who raided the bank.
26 Nov, 2025
Senegal’s debt falls by 10% after recalculations
Authorities said the adjustments reflects inclusion of emerging activities such as digital financial services, the oil and gas industry and cashew production.
25 Nov, 2025
South Africa’s financial resilience persists on market rebound: central bank
South Africa’s financial system remains resilient despite global geopolitical tensions and rising debt risks, the central bank said on Tuesday.
25 Nov, 2025
Uganda’s state oil company identifies ‘significant’ new crude deposits
State-owned Uganda National Oil Company (UNOC) has identified nine potential oil wells in the Kasuruban block with “significant new crude oil deposits”, it said on Tuesday.
25 Nov, 2025
Mali, Canada’s mining firm Barrick end gold complex dispute
Canadian mining company Barrick and Mali announced on Monday they had reached an agreement ending their dispute over one of the world’s largest gold complexes.
24 Nov, 2025
Tanzania to commence constructing $10 billion sea port in December
Authorities say the port will be able to handle ships with a capacity of up to 25,000 containers.
21 Nov, 2025
Côte d’Ivoire’s main cocoa harvest to decline sharply for third consecutive year, sources say
Côte d’Ivoire, the world’s biggest cocoa producer, has sold 1.3 million tonnes of cocoa contracts for the 2025/26 October to March main crop, down from 1.4 million tonnes last year.
18 Nov, 2025
Gabon signs landmark climate finance deal for Congo rainforests
Gabon’s government and a coalition of donors have signed an agreement aimed at protecting 34,000 square-kilometres of the country’s Congo Basin rainforests.
