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US Puts Nigeria on Watchlist, Threatens 50% Aid Freeze in New Bill 

    The United States House Appropriations Committee has approved a foreign assistance bill that would impose stricter conditions on financial support to Nigeria, signalling growing concern in Washington over

Botswana Leads Africa in Rate Hike as Global Oil Disruption Pushes Inflation Spike

  Botswana has become the first African central bank to raise interest rates following the global energy shock triggered by the U.S.-Israel–Iran conflict, amid intensifying inflation pressures. The central bank’s

Asia, Europe Abandon Suez Canal Route over Strait of Homuz Blockade 

A growing number of global shipping companies are diverting vessels away from the Suez Canal and the Red Sea, opting instead for the longer route around southern Africa, as escalating

UAE-based African Rail to Raise $170 Million for South Africa Rail Expansion 

    African Rail Co. is planning to raise about $170 million this year to expand its operations in South Africa, targeting investments in locomotives and wagons as it prepares

Egbin Power Plant Shuts Down After Fatal Underwater Accident

A major blackout hit parts of Nigeria’s grid today after the Egbin Power Plant, one of the country’s largest electricity generators, was forced to shut down completely. The sudden closure

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