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The Lamu groundbreaking went ahead exactly as planned on October 1. Aliko Dangote and African leaders formally launched the $16 billion Dangote East Africa Petroleum Refinery and Petrochemicals complex on…
Vodafone, Cassava Technologies, and Egyptian industrial conglomerate Elsewedy Electric have formed a joint venture called Africa Data Centers Egypt, bringing together a global telecom giant, a pan-African digital infrastructure specialist,…
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 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…
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…
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…
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%…
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.…
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 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…