South African Clothing Factories Warn of Collapse as Immigrant Workers Flee
South African clothing factories in Newcastle are warning of a looming industry collapse as immigrant workers leave amid rising xenophobic tensions, threatening thousands of jobs and millions in local economic activity.
IMF Raises Alarm Over Budget Transparency Gaps as Nigeria Hides N8.83T in Spending
The IMF has warned that Nigeria failed to record public spending equivalent to nearly 2% of GDP, raising concerns over budget transparency and the true scale of government borrowing. The disclosure comes as the country pushes ahead with a record N68.3 trillion budget and fresh external loans.
World Bank Approves $1.25B Loan for Nigeria Under New 2026-2032 Partnership
The World Bank has approved a fresh $1.25 billion loan for Nigeria under a new Country Partnership Framework running through 2032, with a focus on job creation, private investment, infrastructure, and economic reforms.
Non-Tariff Barriers June 30 Deadline Raises Pressure on EAC Trade Goals
The East African Community faces a critical deadline to eliminate non-tariff barriers that have long hindered regional commerce. Leaders hope the move will accelerate cross-border trade, reduce costs for businesses and strengthen economic integration across East Africa.
Oil Prices Now at Pre-War Levels, Yet Nigerians Still Pay N1,300 for Petrol
Oil prices now at pre-war levels following the reopening of the Strait of Hormuz and a sharp decline in crude benchmarks. However, Nigerians are still paying up to N1,300 per litre for petrol, raising questions about why global market gains have yet to reach consumers.
Nigeria’s SEC Moves Against Fake Dangote Refinery IPO Promotions
Nigeria's Securities and Exchange Commission has moved against brokers and investment platforms promoting a non-existent Dangote Refinery IPO, ordering refunds and the removal of unauthorised advertisements while warning investors against pre-IPO solicitations lacking regulatory approval.
Kenya Signs $1.2bn Deal With China Road and Bridge Corporation to Expand Nairobi Airport
Kenya has signed a $1.2 billion agreement with China Road and Bridge Corporation to deliver the Nairobi airport expansion at JKIA, a major project aimed at boosting passenger capacity and strengthening the country's position as East Africa's leading aviation hub
Intra-African Trade Still Stalls 5 Years Into AfCFTA as Africa Trades More With the World
Five years after the African Continental Free Trade Area became operational, intra-African trade has barely shifted from pre-agreement levels, remaining at around 15–18 percent of total trade. Despite modest gains in payment systems, corridor efficiency, and ratification progress, Africa continues to trade more with external partners than within itself
Dangote Refinery Slashes Regional Fuel Imports by 23% in a Month
West Africa’s refined fuel imports have dropped sharply as Dangote Refinery ramps up production, cutting dependence on overseas supply and reshaping regional energy flows.
UK-Ghana Growth Partnership Launches with £215m Investment Package
Ghana and the United Kingdom have signed the UK-Ghana Growth Partnership, a framework backed by investment deals worth up to £215 million. The agreement covers infrastructure, technology, healthcare, reforestation and trade ...
US Wireless Infrastructure in West Africa: Washington Takes on Huawei in Nigeria and 3 Neighbours
The United States has launched a feasibility study for 1,500 mobile base stations across Nigeria, Ghana, Benin and Côte d'Ivoire, aiming to expand rural connectivity while challenging Huawei’s dominance in West African telecommunications.
Kenya Dethrones Nigeria as the New King of African Startup Funding
Kenya has overtaken Nigeria as Africa’s leading startup funding destination after raising nearly $1 billion in 2025, driven largely by clean energy and debt-backed financing models.
