Global Energy Crisis: How a Strait of Hormuz Blockade Could Destabilize African Markets The geopolitical temperature in the Middle East has reached a boiling point, and the shockwaves are already being felt thousands of miles away. A proposed naval blockade of the Strait of Hormuz by Donald Trump has sent alarm bells ringing through financial … Read more
Afreximbank Secures $2.5 Billion for Dangote Refinery, Boosting Africa’s Energy Independence Cairo, Egypt – The African Export-Import Bank (Afreximbank) has announced a landmark $2.5 billion underwriting commitment towards a $4 billion senior syndicated term loan for Dangote Petroleum Refinery and Petrochemicals FZE (DPRP). This substantial financial backing signals a pivotal moment for Africa’s largest refinery … Read more
Before dawn breaks over Mathare, a bustling informal settlement in Nairobi, a single light emanating from a modest home signals a new beginning for Agnes Mbesa. For years, her family relied on the flickering, smoky glow of kerosene lamps. Now, electricity illuminates her home and empowers her small shop, extending her working day and bolstering … Read more
Mauritius and Zambia Forge New Tech Partnerships at Landmark ICT Forum Lusaka, Zambia – A pivotal moment for digital collaboration in Africa is unfolding as Zambia prepares to host the Mauritius–Zambia ICT Business Forum on March 23, 2026. The event signals a deepening commitment from both nations to a shared digital future, one built on … Read more
The Nigerian Exchange (NGX) experienced a positive turnaround on Tuesday, driven by investor confidence in fundamentally sound stocks. This rebound followed a brief period of market decline, signaling renewed optimism among traders. The benchmark index closed with a gain of 0.85 per cent, reflecting increased demand across several key sectors. This positive movement suggests a … Read more
Johannesburg, South Africa – In a dramatic shift within the African telecommunications landscape, MTN Group has announced that Nigeria has surpassed South Africa as its largest profit contributor. This turnaround marks a significant moment for the company, signaling a renewed focus on high-growth West African markets and a strategic realignment in response to evolving economic … Read more
Johannesburg, South Africa – A new wave of financial and digital prowess is sweeping across Africa, as evidenced by the latest brand valuation reports. Leading African banks and telecommunications companies are increasingly asserting their dominance on the global stage, demonstrating remarkable brand strength and consumer loyalty, according to findings released today by Brand Finance. The … Read more
Access Bank’s Bidvest Bank Acquisition Falters Amidst Nigerian Regulatory Scrutiny Johannesburg, South Africa – A proposed deal that held the potential to significantly expand Access Bank’s presence in Southern Africa has collapsed. The Nigerian financial institution’s planned acquisition of Bidvest Bank has been terminated due to challenges in securing necessary regulatory approvals from the Central … Read more
Africa’s Tech Sector Sees Acquisition Surge as Funding Landscape Shifts NAIROBI, Kenya – A dramatic reshaping of Africa’s technology landscape is underway, with mergers and acquisitions (M&A) rapidly eclipsing traditional funding rounds as the preferred engine for growth. Data reveals a significant uptick in deal-making, signaling a maturing ecosystem and a pragmatic response to evolving … Read more
Moniepoint Surpasses N412 Trillion in Transactions, Solidifies Leadership in Nigerian Payments LAGOS, NIGERIA – In a landmark achievement for the African fintech sector, Moniepoint has announced the processing of N412 trillion in transactions during 2025. This substantial figure underscores the company’s growing dominance within Nigeria’s rapidly evolving retail payments landscape and its pivotal role in … Read more