Zambia’s $3.5 billion illicit financial flows crisis deepens as multinationals come under scrutiny
Zambia lost an estimated $3.5 billion to illicit financial flows in 2024, with multinational businesses, illegal mining and trade mispricing among the key concerns.
Brazil, Portugal Move to Turn Cabo Verde Into Africa’s Investment Platform
Brazil and Portugal have endorsed Cabo Verde as an investment platform for Africa, with business leaders highlighting technology, tourism, energy and digital services as key growth sectors.
Ruto Orders Tata Chemicals Magadi to Leave Lake Magadi Over Compliance Row
President William Ruto has ordered Tata Chemicals Magadi to leave Lake Magadi, escalating a dispute over mining compliance, local jobs, royalties and value addition in Kajiado County.
Dangote Cement sets London briefing as LSE listing preparations advance
Dangote Cement has set 21 September for a London Capital Markets Day as preparations for its proposed London Stock Exchange listing move forward.
Burkina Faso diaspora bonds list on regional bourse after topping fundraising target
Burkina Faso diaspora bonds have started trading on the regional bourse in Abidjan after attracting CFA151.5 billion in subscriptions, comfortably surpassing the government's CFA125 billion target and supporting major development projects.
Uganda pitches $4 trillion to $12 trillion mining investment case in Perth
Uganda has pitched its vast mineral wealth to global investors at a major mining conference in Perth, claiming reserves worth between $4 trillion and $12 trillion as it seeks to expand the sector's contribution to the economy.
Uber’s exit leaves Nigerian drivers and riders searching for what comes next
Uber has ended operations in Nigeria after 12 years, leaving drivers and riders searching for alternatives while raising fresh questions about the country's business environment.
Côte d’Ivoire Turns to China to Grow Its Textile Industry
Côte d'Ivoire has signed a textile cooperation agreement with China to accelerate Ivorian cotton processing, attract investment and expand local manufacturing capacity across the cotton value chain.
Egypt’s Water Security Under Renewed Strain as Ethiopia Presses Ahead With New Nile Dams
Egypt's water security is back under pressure as Ethiopia moves forward with plans for three new Blue Nile dams, triggering fresh warnings from Cairo and reigniting a decade-long dispute over the Nile's future.
Madagascar Central Bank Rolls Out Gold Collection Points For Artisanal Miners
Madagascar's central bank is opening gold collection points in major mining districts to formalise artisanal mining, strengthen gold reserves and reduce smuggling.
Niger Signs $1.9bn Dosso Refinery Deal With Canada’s Zimar Group
Niger has signed a $1.9 billion Dosso refinery deal with Canada's Zimar Group to build a 100,000-barrel-per-day refinery and petrochemical complex, one of the largest energy investments in the Sahel.
Trans-Saharan trade: how fuel, gold and unofficial border economies bind the desert together
Trans-Saharan smuggling networks underpin a vast informal economy stretching across Libya, Algeria, Niger and Chad. Fuel, gold, migration and cross-border trade continue to bind the Sahara together despite repeated crackdowns.
