Africa Loses \$88 Billion Annually to Illicit Financial Flows, Warns African Union
The African Union (AU) has raised alarm on August 31 over illicit financial flows draining nearly $88 billion from the continent every year. These transactions, […]
Finance
Ethio Telecom Unveils Three-Year Strategy to Reach 100 Million Subscribers by 2028
Ethiopia’s state-owned operator, Ethio Telecom, has launched a new three-year development roadmap, “Next Horizon: Digital and Beyond 2028,” aimed at expanding its customer base to […]
East Africa launches $2.15B cross-border railway project to boost trade and cut costs
Construction has begun on East Africa’s first-ever cross-border standard gauge railway (SGR), a $2.15 billion project linking Uvinza in western Tanzania to Musongati in eastern […]
Mozambique’s Sovereign Wealth Fund Receives Record Gas Revenues Amid Debate Over Usage
Mozambique has channelled US$210 million into its Sovereign Wealth Fund (FSM) by June 2025, surpassing the total contributions made in the whole of 2024! According […]
AfDB Commits $500m to Propel Ethiopia’s $10bn Mega-Airport Project
The African Development Bank (AfDB) has pledged a $500 million loan towards Ethiopia’s new $10 billion international airport in Bishoftu, southeast of Addis Ababa. The […]
Germany’s €10M Africa pledge signals intent, but strategy still lags behind rivals
Germany has recently pledged €10 million to the G20 Compact with Africa (CwA), signaling renewed commitment to boosting private investment and sustainable growth across the […]
Nigeria Records 3.13% GDP Growth in Q1 2025 Amid Structural Reforms and Economic Rebasing
Nigeria’s economy witnessed a notable boost in the first quarter of 2025, as its Gross Domestic Product (GDP) grew by 3.13% in real terms year-on-year, […]
China tests global yuan ambitions in Africa’s financial shift
China is rapidly expanding the use of its currency, the yuan, across Africa, positioning the continent as a strategic testing ground for its broader de-dollarization […]
Botswana Launches Ambitious Economic Transformation Plan to Break Diamond Dependency
Botswana’s President Duma Boko on Tuesday, 15 July 2025, launched the Botswana Economic Transformation Program in the capital, Gaborone, calling for bold, innovative strategies to […]
Oxford Economics Projects 4.4% Inflation for Mozambique in 2025, Warns of Sharp Rise in 2026
British consultancy Oxford Economics forecasts Mozambique’s inflation to average 4.4% in 2025, aligning closely with the current year-on-year rise of 4.15% reported in June 2025. […]