Subscribe to our newsletter to get our newest articles instantly!
Africa’s total central bank reserves rose to $530 billion in 2025, driven by surging gold prices and increased bullion purchases as policymakers across the continent moved to strengthen financial buffers amid global uncertainty. The figure, published in the Africa Finance Corporation’s latest State of Africa’s Infrastructure Report, marked a $50 billion increase from […]
On April 23, 2026, during the Africa We Build Summit in Nairobi, Kenyan President William Ruto delivered a pointed remark about Nigeria’s long-standing energy paradox. His statement, which quickly circulated across the continent, captured a decades-long failure of policy and a singular private intervention that sought to resolve it. Speaking before an audience […]
Sierra Leone has signed a $225 million offshore petroleum licence agreement with Nigeria-based Marginal Energy Limited, in a move aimed at reviving interest in its largely under-explored upstream sector. The agreement, announced on Thursday, April 23, 2026, grants Marginal Energy exploration and production rights across five offshore blocks—G-145, G-146, G-147, G-160 and […]
Iranian Defence Ministry spokesman Brigadier General Reza Talaei-Nik has stated that a “significant portion” of the country’s missile capabilities remains unused following recent hostilities with the United States and Israel. The remarks were carried by Iran’s semi‑official Tasnim news agency and other state‑affiliated outlets. Talaei‑Nik also asserted that the Iranian armed forces […]
High inflation, as evidenced by fast-rising Consumer Price Index (CPI) levels, continues to be one of the most serious economic difficulties confronting various African countries. When the CPI rises substantially over time, it indicates widespread pricing instability, with far-reaching implications for consumers, businesses, and government budgets. While a moderate CPI increase can […]
Authorities have arrested a 53-year-old Nigerian national, Olatunde Abiodun Olusanjo, on charges including child molestation, following his detention by local Immigration and Customs Enforcement (ICE) officers. Olusanjo was taken into custody on April 21 by ICE’s Enforcement and Removal Operations (ERO). According to an official ICE statement, his prior criminal record includes arrests […]
The Democratic Republic of the Congo and Zambia are strengthening Africa’s position on the global copper map, as rising demand for the metal reshapes the minerals economy. A report by Visual Capitalist places the DRC among the world’s top four countries for copper reserves, making it the continent’s largest holder. The […]
Fighters from the Separate Assault Regiment “Skelya” have captured a Kenyan national fighting for Russian forces near Kupiansk in Kharkiv Oblast. The regiment announced the detention on its Facebook page and released an interrogation video of the captive. The detainee, whose name has not been publicly disclosed, told interrogators that he answered […]
President Bola Tinubu on Thursday evening directed all the 31 governors of the ruling All Progressives Congress (APC) to ensure free, fair and rancour-free primaries across the states, in strict compliance with the Electoral Act. This, he said, is part of efforts to preserve the unity and cohesion of the party. Addressing newsmen […]
On any given day in cities like Abuja, the heat doesn’t just sit in the air, it settles into walls, roofs, floors, and living spaces. Without enough trees to soften the climate, many homes trap warmth instead of releasing it, leaving residents to rely heavily on artificial cooling in a country without stable electricity. At […]
