Business & Economy

Nigeria resolves OPL-245 dispute in landmark settlement

After 15 years in the "legal graveyard," Nigeria’s OPL-245 block is finally cleared for production. Under President Bola Tinubu’s administration and the Petroleum Industry Act framework, this settlement unlocks $10 billion in potential investment and targets 150,000 barrels of oil per day.

Egypt economic crisis deepens as US-Iran war crashes pound and paralyses Suez trade

President Sisi has declared an economic "near-emergency" as the Egypt economic crisis US-Iran war drives the pound to a record low of 50.2. With Suez Canal revenue collapsing and regional gas supplies suspended, Cairo is now deploying military courts to curb soaring inflation. AfricanQuarters analyzes the fallout of the Middle East conflict on Africa’s third-largest economy.

$1.3bn SMDF-AFC Deal Signals Nigeria’s Biggest Mining Sector Shift Yet

On March 1, 2026, Nigeria pivoted from "pit-to-port" mining to industrial processing. This deep dive explores the $1.3bn SMDF-AFC deal, the new alumina refinery, and the structural reforms set to inject $25bn into the economy.

Egypt Set to Overtake South Africa as Africa’s Largest Economy in 2026

IMF Projections names Egypt largest economy in Africa 2026 Fresh projections released by the International Monetary Fund signal a symbolic turning point in Africa’s economic...

SA Budget 2026: No Tax Relief for Middle Class as Godongwana Extends SRD Grant

PRETORIA – South Africa’s 2026 fiscal framework, delivered by Finance Minister Enoch Godongwana, lands at a politically sensitive moment. Economic growth remains weak, debt-servicing costs...

The Great Reopening: Inside Africa’s $5.95 Billion Eurobond Surge of 2026

The great reopening is here. With $5.95bn raised in just seven weeks, Africa's top economies are racing to refinance debt as global conditions soften. Get the deep-dive on Kenya, Ivory Coast, and the upcoming DRC debut in our comprehensive February 2026 financial brief.

The $29 Trillion Trap: New AFC Report Exposes Africa’s “Hidden” Mineral Wealth

The Africa Finance Corporation's landmark 2026 report exposes a staggering "conversion gap" in the continent's economy. While Africa sits on $29.5 trillion in mineral wealth, a massive $8.6 trillion remains undeveloped due to infrastructure deficits and fragmented data. From the "ten-fold value leap" of steel processing to the perverse trade mechanics that force Africa to pay twice for its own resources, this story explores the AFC's roadmap for industrial sovereignty and regional prosperity.

Breaking the African Premium: Tinubu Pushes for AfCRA at AU Summit

President Tinubu calls for an independent African Credit Rating Agency (AfCRA) to end the $75bn annual "risk premium" bias. Discover how he plans to shield Africa.

Egypt Says Private Investment Rose by Record 73%

Egypt says private investment rose by a record 73% in the 2024/2025 fiscal year, reflecting recent policy measures and major foreign investment announcements.

Tinubu New Tax Laws Take Effect Amid Controversy, Forgery Claims

Tinubu new tax laws came into effect on January 1, 2026, amid controversy over discrepancies in gazetted versions. Public debate, institutional reviews, and government clarifications shape Nigeria’s fiscal landscape.

AfCFTA: Africa’s Free Trade Deal, Promise and Pitfalls

Three years has passed since the historic launch of the African Continental Free Trade Area (AfCFTA), yet, it stands at a critical inflection point....

Is Ghana Recovering? Mahama’s Economic Gamble

Five months into his second term, Mahama is steering Ghana through an economic recovery marked by measured reforms, cautious public optimism, and pressure to...

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