Zimbabwe’s Central Bank Cuts Lending Rate to 27.5%
Zimbabwe’s central bank has cut its benchmark lending rate to 27.5% from 30%, citing relatively stable conditions in the economy as justification for easing monetary policy. The move follows a…
South Africa’s Foreign Investment Inflows More Than Double in Q2
South Africa’s foreign direct investment inflows more than doubled in the second quarter of 2026, climbing to R49.8 billion (about $3.03 billion) from R20.3 billion in the first quarter, according…
Dangote’s $16 Billion Lamu Refinery Breaks Ground Today, With Ruto, 14 Heads of StateCategory: Industries
The groundbreaking ceremony for Dangote’s East Africa Oil Refinery in Lamu is taking place today, September 30, with President William Ruto presiding alongside Aliko Dangote himself. Deputy President Kithure Kindiki…
Court Doesn’t Stop Dangote’s $16 Billion Lamu Refinery — Groundbreaking Proceeds as President Ruto Backs the Project
Kenya’s planned $16 billion Dangote East Africa Refinery is set to proceed with its September 30 groundbreaking in Lamu despite a land dispute before the courts, with President William Ruto…
Africa Gets Just 2% of Global Clean Energy Spending Despite Holding a Fifth of the World’s Population
A new joint report from the International Energy Agency and the African Development Bank has put a stark number on the continent’s energy investment gap: despite accounting for almost 20%…
AfDB Approves $5.1 Billion Crisis Fund as Africa Absorbs Rising Energy Costs
The African Development Bank’s board approved a crisis financing framework worth up to $5.1 billion on September 1, pushing the Bank Group’s overall 2026 lending target to roughly $12.7 billion.…
Africa Has 5.5% of the World’s Data Centres but Just 0.6% of the Power
Counting buildings makes Africa look like a serious player in the data centre race. Counting power tells a very different story. The IMF counts about 160 data centres on the…
Africa’s Two Biggest Economies Go in Opposite Directions: Nigeria Cuts Rates, South Africa Hikes
Africa’s central banks are no longer moving in step. In the same week, Nigeria slashed its benchmark interest rate while South Africa raised its own, a split that shows how…
$10 Billion in Minerals Deals in 48 Hours: The West Makes Its Move on Africa’s Resources
More than US$10 billion in Western, state-backed critical minerals financing commitments were announced within a 48-hour window during UN General Assembly week, described by analysts as the largest single-week cluster…
South Africa Pitches Washington a Bigger Minerals Deal: “Don’t Just Dig, Build Here”
South Africa has put a new offer on the table for the United States, and it’s about far more than selling rocks. At a Critical Minerals Roundtable held in New…